Zambian govt have recently pulled back on the 20% royalty debacle, to 10% for open pit and 8% for underground. That HAS to be sending a positive signal to foreign investors.
In relation to ZRL, why would they then undo all that goodwill bridge building with overseas investors, by knocking back ZRL's plans? I don't think they will, because it sends a very conflicted message.
So, for that reason, I think, and this is pure speculation (and because I want it to be so (!!) ),that we will come out of this, grinners, in a few days time.
ZRL Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held