zonte metals

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1 month 4 days ago #127709 by Pasta
Pasta replied the topic: zonte metals: Colombia Commentary
Load up the truck !
Last chance to see it at this price.
The only thing is the truck is old , rusted out and the motor is shot.
It went to the junk yard a long time ago.

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1 month 4 days ago - 1 month 4 days ago #127708 by ron
ron replied the topic: zonte metals: Colombia Commentary
Unbelievable,printing $0.11,should have also a contest for the low of the year..lol..

Why the Yukon permit and the trial date are taking so much time ?

And the most important question,where are the buyers ?
Last Edit: 1 month 4 days ago by ron.

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1 month 5 days ago #127707 by Gambler
Gambler replied the topic: zonte metals: Colombia Commentary
FYI, Victoria Gold management received over $5 million in compensation last year and
they have lost over -50% for their shareholders.

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1 month 1 week ago #127706 by flynn
flynn replied the topic: zonte metals: Colombia Commentary
The flip side to the point would be Why wouldn't Zonte yell to the world about them drilling so close to there claims. Get there share price up, to you cN negotiate a higher price for the share holders.
But, we all know what they think of the zonte share holders. Nothing.
Just keep collecting a $175k pay check as long as you can

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1 month 1 week ago #127705 by ron
ron replied the topic: zonte metals: Colombia Commentary
Thanks Gambler,not fair,very sad.

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1 month 1 week ago #127704 by Gambler
Gambler replied the topic: zonte metals: Colombia Commentary
I think so. Since they are a production company they could argue that some exploration is not material, or not material until they drill more. Besides why would they want to benefit Zonte, if the deposit runs onto Zonte ground, they would want to buy us out as cheap as possible. There has been similar situations in the past that I am aware of

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1 month 1 week ago #127703 by ron
ron replied the topic: zonte metals: Colombia Commentary
Are they allowed to do that ?

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1 month 1 week ago #127702 by Gambler
Gambler replied the topic: zonte metals: Colombia Commentary
GB, Victoria has probably drilled right up to Zonte's border with good results and keeping that to themselves

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1 month 1 week ago #127701 by GoldnBoy
GoldnBoy replied the topic: zonte metals: Colombia Commentary
Gambler, speaking of discovery, Is anyone else wondering why Victoria Gold has not released the rest of the drill holes at Raven and Lynx from 2021. They reported 19 of 33 at Raven and 6 of 11 at Lynx months ago. On the map we can see they got a lot closer to Zonte's border in 2021
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1 month 1 week ago #127700 by Gambler
Gambler replied the topic: zonte metals: Colombia Commentary
Pasta, I hear what you are saying and true with most junior explorers. 59 million shares out is still quite a low number. I look at a handful of juniors I own.

ENDR 216.8 M
BULL 143
SALT 80.7
AMX 103
ECU 79
BRC 164

In fact I think the only junior miner I have out of a dozen or so with less shares out is MINE at 31 M

We buy these for one reason, because if they make a discovery you can make 10 times on your money. I still believe ZON has high odds of a discovery and really not that many shares out. The number of shares out simply gives you different degrees of leverage when a discovery is made. MINE went from 10 cents to 70 cents in 2 days because it had few shares out. FYI, I sold half of my position over 50

When you get crap markets like this, all you can do is wait until you get dealt some better cards. It will come, it always does, we just not sure when

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1 month 1 week ago #127698 by Pasta
Pasta replied the topic: zonte metals: Colombia Commentary
Date Shares outstanding share price cash on hand
millions
April 2010 5.7 210 000
Feb 2011 16.9 .53 890 000
April 2012 20.42 .14 780 000
April 2013 20.75 .07 20 000
Aug 2014 25.12 .07 140 000
July 2015 25.12 .06 30 000
Oct 2016 26.62 .06 50 000
Oct 2017 43.16 .18 840 000
Jan 2018 44.46 .17 690 000
April 2019 51.76 .30 1 360 000
April 2020 57.61 .18 1 560 000
April 2021 59.28 .19 480 000
Jan 2022 59.28 .19 180 000
Today 59.28 .13 pretty much nothing

I think going back in time, investors were excited about the fact that there was minimal shares outstanding. Today that number of shares has grown so not very good in my opinion.
There are some under explored properties today but in my opinion they sit idle. They can't spend money they don't have. Shares will be diluted at least by 15 million giving a share count of 75million , with maybe 1.6million in the bank to explore once again. ( if they can drum up investors)
I understand exploration companies are like this but this pattern is predictable. Why would anyone invest? Does anyone see any positives?
I just don't see it.
Before anyone says "just sell and move on" this stock is not that easy to sell. If I unload 30000 shares it will drop it to probably 9 cents. I have sold most of my shares last year but I am still holding some.

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1 month 1 week ago #127693 by GoldnBoy
GoldnBoy replied the topic: zonte metals: Colombia Commentary
Lynnsa looks like your 30k bid is showing today. Maybe the shorts follow this chat room?

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