Ann: Update Announcement on Capital Raising Struc, page-49

re: Ann: Update Announcement on Capital Raisi... Paul, there are many investment styles.
Here is a HUGE lesson I learnt about investing in the spec space (being an ex-holder of ZYL).
Mind you what I will mention is NOT THE ONLY WAY, in fact you can develop your own methods.

I found that unless you are really savvy & know exactly how to value miners & their resources or potential resources then it is better to invest in the Big ASX Top 50 companies, then any profit you make from trading them (or simply holding them & getting paid dividends), you can then whack at the lower end i.e into a well researched spec.

My personal philosophy is to "earn the right to speculate".
If you don't know what you are doing & you are simply going straight to the spec space then you might as well go to Crown Casino & sit at the blackjack table.

As you grow in knowledge by reading books on value investing & by also following a number of spec threads, the more you can risk.

"Earn the right to speculate" is my personal mantra.

I don't know it all, but i've been on the frontline & copped some pretty vicious shrapnel wounds.

I wish you & all current holders, ex-holders alike all the very best.

Value Investing: go to rogermontgomery.com , buy his book value*able. This will get you to understand value investing.

Once you have a good handle on value investing, then take your "winnings" & plonk them or a fraction of them at the lower end.

By reading spec threads & watching what is said by whom & what actually eventuates in the way of actual announcements by a company you get to know who are (a) the spinners & (b) the valuable & knowledgeable contributors.

Best Wishes once more to all.

Pandelis