zonte metals

I am surprised this story has not got more attention yet, hopefully with the Gold market waking up it will

Wouldn't it be nice if a postive news release came out now, along with gold popping today.

nice pop in the stock this morning, maybe the whole sector is getting some more attention

News out of Colombia newspaper yesterday www.dinero.com/empresas/confidencias-on-...ia-de-minas-de-antio

Here is the google translation

Mining dispute with the Ministry of Mines of Antioquia
Since last year, a group of multinational companies are in discussion with the Secretary of Mines of Antioquia for a mining rights in the region of Gramalote, which studies contains about 2.535 million ounces of gold. Canadian Zonte Metals and B2Gold and AngloGold Ashanti South Africa are angry because they were denied diplomas and consider their request was not processed in accordance with the rules of the Colombian mining code. Multinationals among its legal counsel to a former secretary of mines Antioquia and his plan is raising its application before a special court in the event that they be denied again.

I hear $150k is good for 6 months or more. Lawyers not as expensive down there by the sounds of it. I think their last legal bill was $10k, most of the time is spent waiting on the mining department to respond.

How long will the 150k zonte just raised last.? Lawyers are expensive 150k seems like it would be a retainer. Unless they they where thinking this wont last long.

I guess it was a good sign that the financing was over subscribe and close, before the jan 4 deadline. It makes me believe the new investors think very highly of this situation. Why else would u buy into it.

a big day tomorrow. Jan 4 is the deadline to respond to zonte and partners lawsuit. once news is out, it could be a very good day, or a very bad day.
my guess is that they are going to be denied. I seen RAINMAKER (denied, denied, denied) Thats why zonte hired the big guns to help with the lawsuit. Lawyers and negotiator's that's the new world.

ZON's $100,000 financing was over subscribed and they now increased it to $150,000. Strong demand looks like a positive sign to me, especially in this market for junior financing

All the selling Monday was one seller out of Scotia, must have been some year end squaring off for either tax losses or gains?

well, I guess we know Jan 4 is not going to good news.

lawyers and government officials working thought the holiday to make a jan 4 deadline.
maybe after the deadline we will here from B2Gold. just strange that they don't comment.