Further to previous post, various posters have indicated recently what the sp will leap to on approval by ZEMA, ranging from 2.5p to 6p ish. Just to put this in perspective, the SP when I first invested was 6.7p and at that time I was hoping to see decent rises above that figure. Hadn't heard of ZEMA at that time!! Still wish I hadn't!!
Re:There's something fundamentally not right with this share and what's going on in Zambia, what it is I don't know but I don't believe that we will see anything good come of this, I believe we will be squeezed out at a price which is not likely to be much more than we're at now more likely less. I kind of get where you're coming from. Bearing in mind the time lapse since the public meeting (which as we know, was unanimously in favour of a green light), it seems incomprehensible that we still do not have an answer from ZEMA. More frustrating is the lack of any meaningful contact from them on progress. Whole thing stinks big time. Where I part company with you is where you say nothing good will come of this. As one who is several £000s down, I have to retain some optimism or I might just as well sell up and take the hit.
On a serious note though, the lack of buying volume seems strange considering where BMR are at? Hope Lee can throw some light on what might be occurring. The whole (foot on throat) suppression seems to have something to do with Novum and I'd be interested in knowing why??
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