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Zoltav Resources – Joke valuation, joke company – stonking short

Tom Winnifrith
Friday 28 September 2012
I have noted before that the valuation of AIM listed investment company Zoltav Resources (LSE: ZOL) is a total joke. Results today suggest that other folks are starting to twig. I am aware that Roman Abramovich’s son is the largest shareholder so that might float your boat but this good ship is going down. The shares now trade at 3.275p, valuing Zoltav at £12.5 million. My target price was 0.5p but I am slashing that and here is why.

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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