Makes for an exciting story allday, but doubt if the reality is anything quite as devious.
ZYL reported the corporate interest, which, quite rightly, would be a material development for the company. Then the day traders found the stock and the feeding frenzy began. Can hardly blame the company for that, nor for the slide down as traders exited, and mum and dad investors, caught up in the excitement, suffered losses. The gloomy sentiment of investors regarding bulks, and coal in particular hasn't helped either.
HWK Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held