zonte metals

Looking at Zonte long term and I remember 3 cents too. I compared ZON to the XAU gold and silver index back to the beginning (ZON did trade as Empire Capital for a while but highs were hit as ZON in 2011 and 2017. It is still outperforming the XAU by about +50%.

It was under performing from 2012 to 2015 the depths of the bear market. In conclusion long term investors through out the bear market until today have been better off holding ZON then stocks in the XAU.

I spoke to a large shareholder that discussed this issue with a lawyer, who said.

The strategy is very understandable and no surprise. You keep quiet and do not reveal your hand. Why would you let your adversary know what you are doing? If something material happens, ZON would have to press release. Even if their is settlement discussions it does not have to be announced unless a deal is struck.

When I spoke with Terry a few months ago he mentioned that this issue is ongoing. The issue is speed. If you push too hard or try to make the judge look bad for tardiness, this will not go in a good way. So I believe silence is golden!

The issue is that the disputed area lies directly on top of the planned open pit. Alglo/B2 will not be able to build the mine without resolving the issue.

meguma wrote: I think "no work on disputed claim" pretty clearly means no work on the specific area claimed by ZON. So they can do what they like (ie: drill, trench, etc) on the "undisputed" portions.

The big question now,how much gold is in the ground on the disputed claims,and is BTO still interested in those disputed claims ?

I think "no work on disputed claim" pretty clearly means no work on the specific area claimed by ZON. So they can do what they like (ie: drill, trench, etc) on the "undisputed" portions.

I agree, stock would not move unless it was a significant development on the issue, Like the court making a decision or BTO forced to publicly acknowledge it in a press release?? Nothing is priced into the stock for it, that is certain.

The last court ruling was no work allowed on disputed claim. I wonder where BTO is infill drilling to complete their PEA?

I made some good coin with Rye Patch when Coeur screwed up and let claims elapse.

Oh, I did not buy into ZON way back, but the market crash certainly killed my other juniors

Your forgetting when its was a buy at 70 cents, then a 2 for 1 split. 35 cents was the strong buy. Then the market crashed to bring it to 3 cents.

I will second that cyber beer that Columbia us a wash.
Other then the fact that they hasn't been in an update in years.
If your not willing to update the share holders, you probably want them to forget about it.

Materiality is a judgement thing, that's pretty material to me and development is something. Early exploration sets a much lower bar. I'll bet you a cyber beer nothing comes from the lawsuit. If Zon dropped mention of this lawsuit the share price wouldn't react at all, I just think it's such a red herring in my opinion. I really hope I'm wrong!

Alex, I remember, where I first bought the stock. Ron put out a buy at 3 cents, remember those cheap days, LOL. I got stock around 4 cents and within a month it ran to 14 cents and I sold 1/3 around 12 cents and still own that free stock.

I have since added more to my position but my cost base is pretty low. About a 10 bagger on that 3 cent stock, but I am holding for the 100 bagger

Ron, I went through the archive, it was way back in Dec. 2015. Interesting it was Paul Harris, a Gold Newsletter out of Colombia that mentioned ZON and the other fractional claim issue with Galway.

So some positive outside opinion with some experience with the issue.

www.playstocks.net/images/sampledata/Member2015/Dec2-zon.pdf

Ron, funny you mention the claim issue in Colombia. I was google searching about the mine ministry and came across this article where the energy minister claims they are fixing the problem.

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Colombia Energy Minister Maria Fernanda Suarez is aiming for greater transparency in the way the country’s resources are managed.

She said Colombia hopes to achieve that goal by completing the digital transformation of the country’s National Minerals Agency by the end of 2019.

“We are aiming for full transparency of the land mass,” said Suarez during an interview at this year’s Prospectors and Developers Association of Canada conference in Toronto.

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resourceworld.com/colombia-mines-ministe...reater-transparency/