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


To: morrie who wrote (666)9/16/1998 2:07:00 PM
From: dean poets  Read Replies (1) | Respond to of 3198
 
We should be getting a press release announcing the deal between EMC and Zappa any day now! My gut feeling is that once the deal is signed, the group that has been pumping EMC up (CT services) will let the price fall big time. They have probably been pumping their share price untill the deal is finalized. Only time will tell, but I remember back a few years ago when EMC gave Zappa some shares as part of the Guadalupe property payment. Several weeks before the share payment, EMC was hyped up to a couple of dollars a share. A couple days after Zappa received their shares, EMC dropped like a rock.

Dean



To: morrie who wrote (666)9/16/1998 7:27:00 PM
From: dean poets  Read Replies (2) | Respond to of 3198
 
Well by the looks of the latest press release, things are still going strong for Zappa! Shareholder dilution is definitely not going to be a problem for Zappa in the next few years. We should have enough working capital for at least a couple years. The Ponce Enriquez district was costing Zappa 20-30 thousand a month for security & up keep.

Although we missed on the first hole, it was encouraging to see they were still hitting the Ryolite Dome. It is also encouraging to hear that they hit the lense 100 meters south, with holes 27 and 28.

It is also nice to see Levesque has raised their bid to 20 cents per share! They put a bid in late today for somewhere around 95,000 shares @ $0.20 Cdn.

Dean