We that looks like a good deal. They have 50% of the deposit, so roughly $2.5 mill AUD will go to them, assuming the Chinese commit. At the very least, they have raised $100k immediately. Back of the envelope, ZRL's current market cap is 7c x 39 mill shares = $2.8 mill, which means you are getting Kangaluwi for 300k right now, if you pay 7c. Thats a pretty decent punt IF the JUDGE finally steps up to the plate and grows a set of testicles. I'm frankly amazed at how disorganised the judicial system is in Zambia, especially since it is one of the more stable environments in Africa. God help anyone trying to deal with a judicial system elsewhere in Arica, if this is the best that the continent can offer. I wonder if he's just gone bush and will suddenly tip up one day next week. Seems odd that everyone should be in court and he just doesnt tin up,AND doesnt tell anyone. TIA as they say....
ZRL Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
