zonte metals

So good to see volume in zonte every day. As well would like to thank Ron for restructuring his website. Its a nice addition to his news letter.

More insider buying reported today, this time Christopher and Eyolfson
www.canadianinsider.com/company?menu_tic...%7C%20Zonte%20Metals

http://www.mining.com/zonte-metals-mulling-legal-actions-against-colombia-after-gold-permit-rejected/Story at Mining.com It has some short comings but at least it is coverage

www.mining.com/zonte-metals-mulling-lega...old-permit-rejected/

I think I might buy a bit more of this

I think as long as the claim is being denied they will be quiet. In fact they will be quiet as long as posible it only makes them look bad. But if public pressure mounted they would have to say something. Anyway I bet their lawyers are moving.

anyone have any thoughts why AngloGold has not responded? if someone had staked a claim in my 5 million dollar hole, I would be pissed.

Large bid for 293,000 shares at 5 cents. Somebody is willing to suck up the sellers

After a long black out period Insiders have started to buy. Christopher and Farris. This is good to see

www.canadianinsider.com/company?menu_tic...%7C%20Zonte%20Metals

The Gramalote deposit appears to be much larger than the 2012 resource number. I started going through Anglo's Environment Impacy study they did this year and they say the deposit is 5 million ounces and possibly as much as 7 million

The plan indicates production would be between 350,000 to 450,000 ounces of Gold per year and a similar amount of Silver

At first glance I said the news appeared negative however after some further diligence the news may be favourable for Zonte. We will have to wait and see in time.

I have been in and out of this stock over the last 5 years and I currently hold some stock at this time.
At first glance, the news that came out appeared to be negative as Zonte were denied a permit. I understand there is some discrepancies with the decision and It may favour Zonte in the end but I proceed cautiously and somewhat optimistic. There seems to be some politics involved as decisions were made that seem to conflict with rules and mining laws. I assume the lawyers will be arguing their side of things.
I am hoping for a good outcome and will be watching.
On another note the last couple days were somewhat exciting for the stock as more shares traded in those days than any days the last couple years. to keep it in perspective only 4% of the shares of Zonte were traded in that time basically 1 million of 25 million. Not a lot, and we are only talking about $45000 dollars worth.
There may be a lot of people holding onto their shares and that's good, but at the same time there wasn't a lot of buyers either.
Hopefully Zonte becomes more popular and mining in a whole becomes more favourable.
looking forward to more news and updates on this development and other permit applications they have in the region.

Who ever is selling must be taking a huge loss, cause they hasn't this manyshares traded in all the days since the 2 for 1 3 years ago. Thats when 70 cents became 35 cents. Aĺl we need is a few more news reports to keep this momentum. Good ones

another good volume day, best 2 days in years.