ZNO 4.35% 2.4¢ zoono group limited

what do you think for an 8 cents finish today?, page-6

  1. 781 Posts.
    wake up and smell the coffee.
    The Company has virtually no cash and is holding less than $5M in listed investments (See their latest 4C quarterly cashflow report).

    They have 367M shares on issue plus options which at 6 cents per share values them at $22M.
    They hold 30% of the JV with CYU.
    The results announced today are consistent with previously reported results (read todays announcement).
    Even if they do find a commercial deposit and they may have one, the likelihood of CYU being given permission to establish a Uranium Mine is close to Nil in the foreseeable future.

    This stock is a classic pump and dump stock, they have been doing it for eons. Be very careful you are not left holding the baby when this closes today.

    So endeth the lesson.

 
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