zonte metals

GoldnBoy, that makes a lot of sense. Thanks for the quick response!

GoldnBoy, great post, I agree 100%. When I was there at Dunns - Cross Hills we looked at veins at a few elevations. I don't think Zonte had discovered the various frequency of veining yet

Iwtfu005 wrote: RonS, I'm curious.

Wouldn't it be better if Zon drilled the first holes at Dunn's mountain and use the momentum of the drill to raise capital after? The stock price should appreciate more than it is right now.

Garibaldi and Sokomon both seemed to go about it that way

Actually both raised money ahead of drilling, Sokoman $800,000 early in the year and Garibaldi was trying for $1.2 million. I remember talking to GGI then and they were having trouble raising the $1.2 at 14 cents, the stock took off on early exploration results and they had to revise the price up to 82 cents and were way over subscribed raising $6 million.

ZON is similar, the stock has already run from 18 to 40 and I would bet what ever financing is done will be way over subscribed and difficult to get in. For any junior, the trick is to have enough money to keep drilling. If you drill a few holes and the market knows you need money and have to stop drilling, the stock just gets sold down.

Zonte has updated their presentation and there is a new slide. What is key about this is that the frequency of mineralized veins increases as it gets closer to the anomaly. Again another strong signal the anomaly is well mineralized

Yup, between RBC, Anonymous, Jitney and Instinet 83k of the 119.5 k selling.

28,000 shares jitney'd today

looks like the stock is doing Hoss's short shuffle RBC and other platforms doing a lot of trading

here is market depth, not much to hit 40

RonS, I'm curious.

Wouldn't it be better if Zon drilled the first holes at Dunn's mountain and use the momentum of the drill to raise capital after? The stock price should appreciate more than it is right now.

Garibaldi and Sokomon both seemed to go about it that way

ron, I would not rule out higher prices. It is not set yet and this stock has little on offer and could easily go back into the 40s and the PP higher

RonS wrote: I think we find out soon. Given the current market I would guess between 30 and 35 cents. Far better off then where we were 2 months ago

would prefer $0.35,how many shares are they going to print ?

I think we find out soon. Given the current market I would guess between 30 and 35 cents. Far better off then where we were 2 months ago

thanks RonS,those charts are very useful,
your answer reassures me,
now the big question,at what price will they
do the PP and when,the clock is ticking.

Ron here is 2 charts from early 2008 that I used, the first from Jan 21 and I pointed out at that time we had seen a double top and at the old 2001 high. The market had fallen below the 200 day MA and broke through previous lows, At that time my comment was we are heading into a bear market and it would go much lower. I think the bottom was around 700.

The 2nd one was to simply to show a failed break of the 2001 top. The market will give us signals of problems, it is just few want to believe them. "It will be different this time" is the famous line. History always repeats but with a little different twist