My two bobs worth here. I still hold 3/4 of the stock I held a few months ago and probably like a lot of posters here I am down $000's
I have to say that I am a bit gloomy about the Kangwane BFS. Why? well we have had a couple of directors resign recently, one not take up his options, the SP languishing around the 4.5c mark and relentless selling for the last 6+ months.
I bought months ago because the information I had to hand made ZYL an attractive buy. I have since been asking myself what information do the sellers have that make ZYL an attractive sell.
I like to assume that the ASX is a level playing field, that the information that I have that forms my decisions is the same as everyone else. We recently had a director pass on the opportunity to convert options to shares at 6c when the SP was over 8c - soon after negative news is released and the SP drops to 4c.
After this I think it is legitimate for me to ask myself just how level is the information playing field here and with the SP sticking around the 4.5c mark with a major announcement due - well, I can see why Pandelis has vacated the scene.
I wish all holders do well. I think you deserve it.
HWK Price at posting:
4.3¢ Sentiment: None Disclosure: Held
