Hi Esh,
Where is my light bulb? haha
I didn't want to draw any conclusion as people here need to do their own homework and make their own head hurt to make right decisions that suit them. As you know the reasons could be one and many and unknown.
But IMO looks like Zeta Resources is quite asset rich but cash poor and does have a bit of debt so it relies on realization of portfolio investments to allocate funds to more interesting opportunities, running costs, debt repayments, etc ...
RSG is very liquid and listed.
They also did a Zeta share buyback and increased holding in Panoramic Resources Limited. More cash.
It would be interesting to see their half year financial report which should be due soon.
It also gave me some comfort that there maybe other reasons instead of company related performance which was my first thought. Lets hope so. Definitely nail biting time.
I guess we will see in due time but I will be watching ZER very carefully now.
To comfort myself I have listened to JW's conference call haha
http://www.openbriefing.com/OB/3239.aspx
This is only in my opinion, not offered or to be taken as financial advice, DYOR
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Open | High | Low | Value | Volume |
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14 | 458433 | 1.240 |
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6 | 139692 | 1.230 |
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Price($) | Vol. | No. |
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1.250 | 371388 | 17 |
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