Hello graphite investors. I decided to join this forum just now and I hope to get a better understanding of the outlook for an investment in Zenyatta if I was to take a position today. I don't care for boom or bust arguments that have no basis in fact. A reasonable speculation, PRO OR CON, is also not worth arguing over like they do on Stockhouse. Dialogue on either side of the equation should be respected and taken for what it is, dialogue.
I would like to start a dialogue regarding end-user satisfaction and the challenges involved in meeting end-user expectations. I've read the forums guidelines that other companies should only be referenced if it relates to Zenyatta in some way and I will adhere to that guidance by qualifying why the following article is relevant to the Zenyatta story in relation to the topic of meeting end-user specifications.
Flinders has being attempting to get the Woxna project back into production for awhile now and an article out today by Will Purcells at Stockwatch.com highlights difficulties in meeting end-user specifications and/or satisfaction which I find very relevant to the Albany project for the simple fact that Don Hains had said Woxna was the best comparable for the Albany purification process.
I'll paste the article here and would like to hear some intelligent thoughts on what the article might imply for the Albany Project as it currently stands with a long over-due PEA and Zenyatta still trying to establish satisfiable markets for Albany graphite from an end-user specification perspective. The last paragraph seems to be describing Zenyatta's current state of affairs to a "T". What are your thoughts? Be courteous please, labelling me as a basher is not an intelligent way to discuss the article being referenced.
"Blair Way's Flinders Resources Ltd. (FDR), down two cents to 33 cents on 10,000 shares, is plodding ahead with its Woxna graphite project in Sweden. Last August, following a modest capital expenditure, Mr. Way proclaimed Woxna in the "final stages of restarting graphite production." A few weeks later, Spiro Kletas, CEO of Big North Graphite Corp. (NRT: $0.02), lauded Flinders for having "already proved they can bring a graphite mine to production" and having "already won the race to graphite production." Early this year Mr. Way touted Flinders' "2014 production" and its "2015 production plan," but at no time did he or his company actually say that Woxna was indeed in production.
Flinders now says that as of the end of January, 2015, commercial production, as defined under the International Financial Reporting Standards, "has not been achieved." What happened last August apparently was not production; it was the company completing "progressive process improvements" to ensure the plant met specifications and the graphite products produced -- there is that word again -- met customer expectations. The situation regarding those expectant customers also appears muddled 323254. Mr. Way says that Flinders did sell all its "2014 production" (finding an alternate word is difficult) in January, adding that it is "working with a number of end users to negotiate supply contracts." That negotiating appears tougher than some had hoped. Flinders says it has "worked to establish marketing in-roads" but is still working to "re-establish its former position" as a key supplier of graphite to European customers." |
