HWK 0.00% 4.1¢ hawkstone mining limited

Lets get this straight. The company announcement on the 4th of...

  1. 1,320 Posts.
    Lets get this straight. The company announcement on the 4th of Jan, stating the following:

    - Unable to duplicate the Resources to
    the Proven Reserves conversion detailed in the Badger Study.
    - Mbila project dropped
    - Dispute/Litigation to Ensue
    - The company believes there are still merits in the York transaction due to a suite of assets complimentary to Kangwane.
    - Kangwane Central project continued to be developed.

    The share price immediately drops to 1.5 cents, then there is a miraculous turnaround whereby it rallies in the same day to 4.5 cents.

    Day traders? Instos? Value 'Spec' Investors? Pattersons? etc? Who knows, who exactly did the dumping & pumping?

    So now we find the share price in between the "Bear Camp" who believe that 1.5 cents was justified & the sp could go lower & the "Bull Camp" who say that 4 - 5 cents currently is the correct valuation for ZYL.

    I guess, this means that we are at the "Cross-Roads".

    The next announcement "AND IT'S WORDING" will be Crucial in thrusting the Share Price (and I believe it will be a THRUST or movement with Great Force) either to the Downside where it may trade Sub 1 cent or to the upside where it may get to 5+ in a great hurry.

    Interesting times for both Holders & Purveyors (like myself) of ZYL

    Cheers to All,
    Pandelis
 
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