Zonte Video - February 19, 2024

Zonte Aug. 10, 2023 Video

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4 years 4 months ago #123926 by ron
ron replied the topic: zonte metals
Btw,i guess we are heading for another financing in 2020,lets hope this one will be over $1 on good drill results,or maybe BTO will step in for an agreement before may the 1st 2020,that would be great news.

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4 years 4 months ago #123925 by ron
ron replied the topic: zonte metals
Thanks RonS, lets hope they can correct this problem in 2020,they did a big mistake in 2012,was pretty stupid,anyhow,this is why i'm not buying GBR as for now,i'm afraid they could bring it down to $2.50.

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4 years 4 months ago #123923 by RonS
RonS replied the topic: zonte metals
Finally something may get done on this short manipulation. I believe US hedge funds have targeted the whole junior market because there are no rules in Canada for naked shorting.

Right now Great Bear GBR is the heaviest shorted stock on the venture.

www.miningweekly.com/article/save-canadi...19-11-19/rep_id:3650

A new advocacy group focusing on the interests of the Canadian junior mining sector was launched on Monday, with its first campaign aimed at putting a stop to “thriving” predatory short-shelling practices.

Chilean Metals CEO Terry Lynch, who launched Save Canadian Mining, said the group was dedicated to helping ensure Canada's capital markets remained viable for junior miners.


"For smaller cap mining companies, short selling activity spooks true investors into selling prematurely, effectively stunting the growth of these businesses at critical early stages,” he said in a media statement.

In 2012, the Investment Industry Regulatory Organization of Canada and the Canadian Securities Administrators removed a 142-year securities trading rule known as the "tick test".

The tick test restricted short selling to positive price changes at the time of the sale (i.e., an investor could only short a stock if it was on an upward trajectory). This change was applied not only to the main listing venue of the TSX-V, but was equally applied across all Canadian trading venues.

The statement notes that since the removal of the tick test, Canadian markets have evolved, and there now exists a dynamic where Canada's junior markets are finding it increasingly difficult to raise capital.

"Short selling activities have increased in the junior mining market since 2012," said Lynch. "The advent of high frequency trading and algorithmic trading are exploiting the combination of a lack of a tick test, with 14 different trading markets to the detriment of one of Canada's most important industries."

Save Canadian Mining is backed by prominent voices in the industry, including TSX-V MD Brady Fletcher, Sprott Mining CEO Eric Sprott, Ontario Prospectors Association executive director Garry Clark and Ontario Mining Association president Chris Hodgson.

"The practice of short-selling plays a role in maintaining a healthy, efficient market. However, TSX Venture Exchange understands that certain changes to market operations in Canada, specifically related to the removal of the tick test, may have had unintended negative consequences for our junior, or more illiquid issuers," said Fletcher.

Sprott commented that, as an active investor in the mining sector, he recognised the need to reinstate the tick test rule.

“Save Canadian Mining is providing leadership for the junior mining community during an important time. Regulations need to change and this campaign is going to help achieve those changes."

Save Canadian Mining plans to meet with government in the coming weeks.

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4 years 4 months ago #123909 by GoldnBoy
GoldnBoy replied the topic: zonte metals
Zonte sees largest reported short volume since May, although only 24k, you can count actual was more. Anytime price rises, I bet it was all done on one day, when the stock hit 35

shortdata.ca/stock/ZON.V/

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4 years 4 months ago #123903 by Gambler
Gambler replied the topic: zonte metals
Here is the K7 anomaly, looks very interesting.
Attachments:

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4 years 4 months ago #123902 by flynn
flynn replied the topic: zonte metals
Put a for sale sign up in YUKON. What could it hurt.
If Victoria Gold wont buy it, maybe there competitor will.
Why keep it around, if there are no plans to do anything with it, other then sitting on it.

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4 years 4 months ago #123900 by Gambler
Gambler replied the topic: zonte metals
Some great new info in the presentation. Dunns mountain to be drilled immediately, page 11. ZON must be drilling there now and finished at K6. The K7 target looks enormous

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4 years 4 months ago #123899 by alexgreat
alexgreat replied the topic: zonte metals

ron wrote: THE ART OF PROMOTING MINING PROJECTS


ron, maybe should be the art of pump and dump. Rule 18, don't find anything LOL.

If we consider $300 to $400k for this drill program, at least a small raise in the cards for another drill program, lest hop it is on the back of strong drill results.

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4 years 4 months ago #123898 by flynn
flynn replied the topic: zonte metals
That does jot seem like a lot of money to have on hand.

I bet I know what's coming in 2020. That should be our next friendly wager. What come first, and better share price, or another raise?

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4 years 4 months ago #123897 by PerseusLtd
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4 years 4 months ago #123895 by golfdub1
golfdub1 replied the topic: zonte metals
One of the best I've seen on this site!

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4 years 4 months ago #123894 by ron
ron replied the topic: zonte metals
THE ART OF PROMOTING MINING PROJECTS
The art of promoting mining projects has a long and undistinguished history. It started with Jason and the argonauts (the fleece was placed in a sluice to trap small particles of gold in streams) carried on by Cecil Rhodes and probably reached its peak with Bre–X in Indonesia.
It can of course be quickly converted to promoting technology or biotech shares by deleting all geological references and replacing them with various technical words from the electronics or genomics industries.

Rule Number 1:
Make frequent press releases. The stock will move on what is called “news flow”. Any time someone flies out to the exploration area, or peers down a microscope, tell the world. This is because every shareholder knows in their bones that they shouldn't really be holding this stock. However, constant reassurances by a portly Chairman are known to deter investors from selling.
Rule Number 2:
When presenting on TV or to a massed group always take a large piece of rock or drill core and wave it around imperiously. Tell the audience that it is a very rare piece of vermiculated pyroxene gabbro. Don't let anyone touch it and never explain where it came from. Let them make the assumption that as you are holding the rock and you are talking about the company that the two are connected. The fact that it came from your garden is not relevant here.
Rule No 3:
Announce loudly that you are exploring/drilling/flying over immediately adjacent to a property where a large and more famous company is working. The geology may be totally different but few mug punters know the difference between geology and geography and this technique can work surprisingly well in giving your property an undeserved aura of credibility.
Rule No 4:
Make grand claims about how much gold, platinum, copper etc was produced in historical times by the Romans, Greeks, Egyptians, Incas, Chinese and so on. Make it clear that those bozos could never have got it all out and there is still plenty left for everyone.
Rule No 5:
Always include lots of pretty coloured geological maps in the annual report and presentations. For maximum effect draw lots of big bold lines and circles on them and call them trends. This impresses the hell out of people. Big maps in TV studios, or on small tables, are particularly effective as it implies the project is so large that it can't fit on a small map. Hopefully, no one will ask why you didn't bring a 1:500,000 scale map and not a 1:5,000 scale.
Rule No 6:
Photographs in the annual report of gold antiquities from the local museum add a totally spurious, but very persuasive layer of intellectual credibility to the project.
Rule No 7:
Always show photographs of planes and helicopters in the annual report. I don't know why, but everyone does.
Rule No 8:
Never show a photograph of a donkey in the annual report. This has associations with crooks form the American Wild West which is far too close to the truth.
Rule No 9:
Always show photographs of happy smiling natives. This gives the project a patina of benevolent third world development even if it is only the local mayor who will get rich.
Rule No 10:
Make all press releases highly technical with lots of long words and talk of drill hole numbers, intersections, grades and rock types. Do not include anything useful that could be used by anyone to make a proper analysis of the data.
Rule No 11:
Keep press releases firmly dedicated to technical issues. Never talk about detailed finances.
Rule No 12:
When talking about financial projections always talk about the project as a whole. Don't remind investors that their company only owns 15% of it.
Rule No 13:
Financial projections are based on the most optimistic metal prices you can find. But always label them “conservative”
Rule No 14:
All projections should be based on 100% extraction of the ore, and no losses of metal in the mill, smelter, refinery or your trouser pocket.
Rule No 15:
Remind investors that you are using the latest computer technology. They will assume that everyone else is using slide rules and haven't discovered PC based 3D modelling yet.
Rule No 16:
A good trick is to suggest that you have some technology up your sleeve that no one else has. The most plausible ones promise better recoveries or the ability to find metal that no one else can. The name of the technology should include some or all of these words: pyro, hydro, metallic, orthogonal, bio, techno, leach, molecular, sulphidic, oxide and bacterial. The word order is not important.
Rule No 17:
The board should include a couple of university lecturers or, even better, a Professor. They will be delighted to fly business class and have people listen to them while they talk about archean orogenies. The presence of academics is proven to increase the fund raising power of these companies by several times. Because academic pay is so low the non-exec compensation can be kept at a modest level.
Rule No 18:
On no account actually find anything or even worse, go into production. That removes all the upside potential of the company at a stroke.
Rule No 19:
Never forget that of the object of the company is to raise money for the benefit of the directors. It is not the aim of the company to find anything. That makes life far too complicated and the management might have to manage something.
Rule No 20:
Always find some newspaper pundit or internet tipster to back your cause to the hilt. This can be done by flying them out business class to the drill site, putting them up in a five star hotel, showing them a few rocks, and giving them a few free shares.

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