Wilson, i'm 100% deadset when I say my SMSF is 99.99% in ZYL. I'm never going to comfortably retired with Super if I leave it the "caged animals" masquerading as Fund managers (with the exception of BlackRock - who look to know what they are doing). The same ones who recommend James Hardie, RIO, BHP & the Banks. How on earth is one going to build up sufficient funds investing in these??? The other alternative: Race 6 at Sandown??? Yes, the sp of ZYL could go down further & i'll be there to top up if it does. So I place alot on the "Black Caviar" of Emerging Anthracite/Coal producers in ZYL.
Quoting from Mustos link (thanks Musto):
"Balls on the Line" in this one. I've been there before with Brockman Resources, made a profit but not as much as I would have liked as it was sold on it's way down. Learnt the big lessons from that experience. Those lessons being: "Worry less about what the Share Price is doing & more on what the Emerging Story is & how it is likely to pan out"!!!!!
All the Best to all ZYLots, Pandelis
HWK Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held