perhaps a little more research would leave you better off
they have completed a $650K capital raising already at 1c
the sell down was due to market conditions at the time
the last update saw the stock move from 0.9c to 1.6c, despite the placement at 1c
they have hinted that a JORC update is imminent along with drill results in the next few weeks
with depths of 800m and potentially 1,200m, it gives them a chance of having a mine on their hands.
so, assuming their is a reasonable JORC increase around the corner, drill results upcoming and research as they have identified, why would they raise funds at these levels ? why not wait till the price pushed above 2c per share again ?
if they didn't think results were going to be good, they would have capitalised on the last run and raised cash
ZNO Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
