That questionaire was definitely spoon fed to the ASX, that was written by a shareholder or HC member, without doubt. They've stuffed this up like there's no tomorrow, but at least I think they've been shocked into action now, and hopefully have cleaned things out enough to have a better crack at sorting it out
I have to say, the lower it goes the more tempted I become to buy. I only hold SMSF position now, at a much lower avg now thanks to the 1.9c purchase, so I don't mind giving this a bigger punt now
I still think there's risk of further downside (less so now considering the 4c to 2.4c drop) and equally, massive upside if they sort this sh.. out, several bags indeed
This statement I made previously still stands:
"ZYL have 200Mt of coal worth $16m a year in cashflow from one project alone over 20 years, and was sold down from 20c highs due to poor management, project uncertainty and a legal stoush, plus other factors
Maybe things look like they'll sort themselves out and it's an oversold buy opportunity, maybe not but that's possibly a reason for the rebound
Who knows"
HWK Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
