Ann: Mbila Bankable Feasibility Study Interim Up, page-54

re: Ann: Mbila Bankable Feasibility Study In... thanks dott

i respect your views and fair dinkum admire your earlier insights into how this was likely to play out

you have been bang on the money

i look now at the almost non existent cash in bank, and the fury of the troops, and the utter impossibility of how this might move forward and shudder

this is a high risk play, higher than most

nonetheless, i've been acutely aware of ZYL for some time as a chart pattern of note and in that sense i applied the concept of warren buffett in a way wherein risk is "when you don't know what you're doing"

i know what i'm doing, and what it will cost me if wrong

the first innings have worked out ok, but we're only at lunch

while the chart pattern appears utterly ruined, perhaps non existent even, there remains a possibility of a further bounce

or ruin

i cannot know which but definitely acknowledge what you've indentified as being right here, right now the defining matter

fundamentals matter

nonetheless, there is always the element of uber fear and greed at play which the technicals are presenting very clearly

which one wins in terms of fear or greed is of interest

my money says the play is very apparently an oversold-to-buggery dump

the validity of the company going forward is another matter altogether

for those who are stuck higher, i sincerely hope it works out for you

thanks for your input, dott