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Gold/Mining/Energy : Zappa Resources ZPA vancouver -- Ignore unavailable to you. Want to Upgrade?


To: Buckey who wrote (496)7/23/1998 8:58:00 AM
From: dean poets  Respond to of 3198
 
Hi John, the thing that is really encouraging is that Cambior is expecting to start drilling again by August 1. In the past they have waited up to 6 months between drill programs.

Dean



To: Buckey who wrote (496)7/24/1998 8:28:00 PM
From: dean poets  Read Replies (2) | Respond to of 3198
 
Hi John, I didn't really respond to your point of how tight is this stock?

There are around 24 million shares issued fully diluted. Cambior has control of at least 6 million shares. There is at least 17 million shares that are traded publicly. You are correct in the point that we don't trade a large average volume. Currently Zappa has no promotion at all, other than the annual report, and the 1-800 #.

Management has maintained all along, that they are interested in letting drill results to do the talking. They don't want to see the stock falsely run up to a buck, then back off to 25 cents again.

If Zappa keeps coming out with these phenominal drill results, we will be trading at a couple bucks a share! Then hype will really make it move!

Dean
PS. Doesn't it make you wonder why Cambior has aquired 6 million shares of a company they are doing a JV with?