zonte metals

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2 years 8 months ago #119116 by Pasta
Pasta replied the topic: zonte metals
I hear a lot about shorts and manipulation on this stock but I am not convinced they are the full reason for a low share price.
I also hear talk about how cheap the shares are and the talk about the many long term investors and onlookers their are.
with all this combined and a low share count 42 million. I don't see how shorts can be able to manipulate this so much.
If this stock is such a good deal at 17-40 cents why is it sitting there with no buyers??
usually if its a no brainer as suggested this stock would have cleaned up all the shorts by all those investors and it would be sitting much higher instead of at 17 cents.
Thing don't add up. Maybe i'm missing something.
I used to own quite a bit of stock sold a lot along they way but I still hold a little bit of it and would like to see it do well.
What am I missing here ?
Right now I see a 17 cent stock

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2 years 8 months ago #119111 by Gambler
Gambler replied the topic: zonte metals
Got to like those shorts getting squeezed in GGI this morning, up $1.50 in 1st half hour. Hope ZON shorts get their lesson soon

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2 years 8 months ago - 2 years 8 months ago #119100 by GoldnBoy
GoldnBoy replied the topic: zonte metals
Here is market depth, a little while ago, I forgot to post, since then I think the bid hit for 20,000

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Last Edit: 2 years 8 months ago by GoldnBoy. Reason: formatting

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2 years 8 months ago #119098 by flynn
flynn replied the topic: zonte metals
Would be nice to get some kind of news, to spark interest.
other then waiting for Colombia's paint to dry.

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2 years 8 months ago #119097 by alexgreat
alexgreat replied the topic: zonte metals
volume easing off, maybe shorts and sellers running out?

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2 years 8 months ago #119095 by ron
ron replied the topic: zonte metals

flynn wrote: What can make this stop and move on? Does a small mining company have any tools to fight?


When will the next drilling be announced,ron was saying soon,
i'm talking about newfoundland,if the columbia dispute can be settle in 2018,
that would be great,otherwise,zonte will need another financing before
the project in the yukon in 2018.

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2 years 9 months ago #119090 by flynn
flynn replied the topic: zonte metals
What can make this stop and move on? Does a small mining company have any tools to fight?

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2 years 9 months ago #119089 by GoldnBoy
GoldnBoy replied the topic: zonte metals
Hoss, here is that trading summary report, shows Jitney around 675,000

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2 years 9 months ago #119088 by Hoss
Hoss replied the topic: zonte metals
Doing the short shuffle cha cha cha !!!

A trading summary with Jitney circulating around some shareholders, maybe see if someone can help me post it.

In simplest terms. Jitney buys 10,000 shares from RBC to move to some house under Anonymous who sells to short the shares. Then Anonymous buys back to cover and Jitneys same 10,000 share back to another buyer in the market.

In the end Jitney sells and buys equal amounts although they can be off side a certain amount any given day. The whole process creates a supply of shares that is really not there because the same shares get bought and sold twice.

Hope that helps explain

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2 years 9 months ago #119086 by Hoss
Hoss replied the topic: zonte metals
Fynn, shorts will move on when volume slows and they scare out as many holders as they can. They mostly buy back their short position same day or within 1 or 2 days so they don't have to report a short position. We will see some of it in the short volume report for Oct 15/16.

IMO, getting late in the year so, I doubt we see another Yukon drill program this year, just NFLD

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2 years 9 months ago #119085 by flynn
flynn replied the topic: zonte metals
Ron,
how long will the $750K in Zonte bank last? did raising money come in your lengthily chat.
if new drill in newfoundland and Yukon will take place soon, that's got to cost something.

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2 years 9 months ago #119084 by flynn
flynn replied the topic: zonte metals
what's the end game for the short sellers. if all this volume is short selling, don't they one day from now have to buy it back?
So, if that's the case. Come on Zonte release so great news and make these guys buy back higher.

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