paul_west7 Jan 2009 11:04
The news that sent this up was Crest buying 70% of the stock at 1p per share (and have signed up to not selling the stake for x amount of time).
ZZL had a audit and found a few issues, hence they need extra capital.
Crest CEO is also a board member on ZZL,
Crest is a China based firm looking for investments in the minerals, and other sectors to support the China markets in the future..
China is a growing market (as you all know), Zinc prices are on the up (currently), and ZZL have a few projects on teh go which look OK, so that's why I purchased. Plus it was below 1p when I saw the RNS..