Agree Newland. Here is an example of the type of news we all would have expected to have by this time, as per Universal Coal:
http://www.proactiveinvestors.com.au/companies/news/37769/universal-coal-closes-a136m-placement-fully-funded-to-develop-kangala-37769.html
It goes to show that there are some companies that are able to "seal the deal" when it comes to funding.
Instead we see ZYL down 37.93% today, un-be-f-ing-beliveable! Ian & Co. have Effed-us-over!!!
Now cast your memories back to when management tried to line their own pockets a while back, only to be brought back into check by Macquarie. The writing was on the wall all the while ago, where management's mentality was i.e. in lining their own pockets ahead of the interests of shareholders. I too kept being "suckered in" by the "ZYL Story".
Pandelis
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