zonte metals

You can Guess. I know they are 850K not a money in the bank,for drill program, then another, then maybe one more, Then opps found something else, need another drill program.
Oh wait, lets drill again in Yukon.

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.

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.

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.

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/

Here is the K7 anomaly, looks very interesting.

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.

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

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.

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?

Updatet Pres., Cash 850.000
zontemetals.com/uploads/2019/11/ZONTE-Co...tion-Nov-14-2019.pdf

One of the best I've seen on this site!