HWK 0.00% 4.1¢ hawkstone mining limited

company update, page-83

  1. 4,391 Posts.
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    koro,

    ZYl has had a long colorful history of reconstructions.
    I can remember at least 4.

    The one in 2006 still hurts many.
    If my memory serves me correctly it was a 1 for 25.
    In other words 250000 shares suddenly became 10000.
    Another one recently was a 1 for 5 in 2010.

    As I said earlier it has been a disaster for loyal shareholders.
    In May last year they were trading at 18c.
    So to be trading at 1.5c 8 months later gives you an idea how many people have been severely burnt.

    So I think it is fair to say it's track record is not great.

    Personally I have also been burnt in the past, so one does become a little bit wary.

    Good luck to those who have made up some lost ground today.
    I hope it continues for you.

    Nobody likes to see people lose money.
 
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