zonte metals

Pasta wrote: would they not just work around the contested area and drag it on for years ?

That is what they have been doing. They would not be spending $50 million if they were going to drag it out. Obvious they want to move this to production.

As a reminder Galway had fractional claims like ZON and it was resolved for over $300 million with AUX Canada buying Galway out at $2.05 per share.
www.playstocks.net/images/sampledata/Member2015/Dec2-zon.pdf

It seems - would be logical if B2Gold/Anglo buys out Zonte, Lets say at $2.00 per share and they would get Cross Hills and Yukon too. With 52 million shares out, that is about $104 million, about 1/3 what Galway was taken out at.

The question - would 50% of Zonte shareholders tender their shares to a $2 per share offer??

JimB wrote: So why are we not all buying on this development? I did my part, getting some at $.245 and $.25.

No money in the till anymore..lol..

So why are we not all buying on this development? I did my part, getting some at $.245 and $.25.

Pasta wrote: would they not just work around the contested area and drag it on for years ?

Good point,but how many ounces of gold is under the area of zonte ?

would they not just work around the contested area and drag it on for years ?

meguma wrote:

ron wrote:
Could they settle with ZON before 2020 ?

They could settle today if management chose to do so

The timeline and $40M investment they've outlined indicates they intend to forward aggressively, so Zonte's claim will have to be put to rest "soon", one way or the other. The quickest way to do this will be to settle.

We shall see...

Put your bets,50-75 or 100 million for Zonte...$$$$$$$$,tic toc....

ron wrote:
Could they settle with ZON before 2020 ?

They could settle today if management chose to do so

The timeline and $40M investment they've outlined indicates they intend to forward aggressively, so Zonte's claim will have to be put to rest "soon", one way or the other. The quickest way to do this will be to settle.

We shall see...

meguma wrote:

PerseusLtd wrote: The Company currently expects to complete all drilling by the end of May 2020.

The day to settle with ZON draws nearer.

Could they settle with ZON before 2020 ?

Gambler wrote: B2Gold has more experience in Latin America, maybe another reason for the change.
Agree the day is getting closer for Zonte

This is a big game changer for ZON, it will be interesting to see how high it goes when they receive the $$$$$ from BTO.

B2Gold has more experience in Latin America, maybe another reason for the change.
Agree the day is getting closer for Zonte

Exactly,this is great news,i'm starting to smell the $$$$$$$

PerseusLtd wrote: The Company currently expects to complete all drilling by the end of May 2020.

The day to settle with ZON draws nearer.