HWK 0.00% 4.1¢ hawkstone mining limited

heating up some might say, page-10

  1. 1,320 Posts.
    Lets get this straight. The company announcement on the 4th of Jan, stating the following:

    - Unable to duplicate the Resources to
    the Proven Reserves conversion detailed in the Badger Study.
    - Mbila project dropped
    - Dispute/Litigation to Ensue
    - The company believes there are still merits in the York transaction due to a suite of assets complimentary to Kangwane.
    - Kangwane Central project continued to be developed.

    The share price immediately drops to 1.5 cents, then there is a miraculous turnaround whereby it rallies in the same day to 4.5 cents.

    Day traders? Instos? Value 'Spec' Investors? Pattersons? etc? Who knows, who exactly did the dumping & pumping?

    So now we find the share price in between the "Bear Camp" who believe that 1.5 cents was justified & the sp could go lower & the "Bull Camp" who say that 4 - 5 cents currently is the correct valuation for ZYL.

    I guess, this means that we are at the "Cross-Roads".

    The next announcement "AND IT'S WORDING" will be Crucial in thrusting the Share Price (and I believe it will be a THRUST or movement with Great Force) either to the Downside where it may trade Sub 1 cent or to the upside where it may get to 5+ in a great hurry.

    Interesting times for both Holders & Purveyors (like myself) of ZYL

    Cheers to All,
    Pandelis
 
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