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4.8¢ consolidated zinc limited

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rarebird1971

524 Posts.

302

09/03/19

12:49

Post #: 37707567
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Originally posted by sodge: ↑

My take on this and RB can correct me if I am wrong.

Late last year we were all thinking a CR would be on its way as the company was running low in cash and maybe this prevent the reval at that time.

Fast forward to today and I think the CR requirement has long passed and I don't think a rerate will occur until the March Qtr report comes out to show the 3 latest months of ramp up. Feb production due next week hence a little bit of volume going into this.

I am mopping sub 2c as well as I think the eventual ramp up to 10K per month will be a huge milestone once met and hopefully we ramp up to this before doing our own treatment plant as this will easily provide the funds for this.

My thoughts and DYOR

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Agree Sodge.....
I don’t believe they will credit raise now. Anything under 2 cents is golden. Don’t forget thHey e cap raise was at 2.4 and Copoulos perchased 131k worth at 1.9 and Retzos a truckload at 2 cents. Not sure who the sellers are but certainly not directors or significant shareholders.
Cheers Rb

CZL Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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