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Pastimes : Zenyatta Free Speech Board
ZEN 77.480.0%Nov 21 4:00 PM EST
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To: Darby who wrote (1284)6/21/2015 10:29:17 AM
From: GMPInvestor1 Recommendation

Recommended By
vette2009

  Read Replies (2) of 22811
 
Darby my current position is roughly 75k shares average $1.64 I'm looking to add a lot more. I am facing a bit of a conundrum as my broker says because of a very tight share float any major buying will ramp up the price quickly but on the flip side if I try to accumulate slowly as I've been doing stock could explode on a news announcement such as an off take my broker says ANY announcement this stock is going to zoom up up up lol! He pretty much thinks it was way oversold after the PEA and should be trading near term in the $3/$4 range. After much discussion with him I am inclined to agree. So my dilemma is to buy quickly or try to save $$$ and accumulate slower and risk price spiking. In regards to what you are saying about waiting for the PEA for less risk I don't see a whole lot of risk in this stock for a couple of reasons the biggest being government involvement. They could see a whole new industry starting in the Thunder Bay Area (clean tech) with a new mine from Zen ( they should be able to get more help from government easily) also secondly with proven resources a huge amount at that and an exceptionally long mine life 22 years with only half of the resources !! By having huge margins on the graphite per ton how could you not be excited?? I am not seeing a whole lot of downside in this project.
You have made some bearish statements Danby what might I ask are your misgivings of theirs project ?
What concerns you? Are you underwater on your Zenyatta investment? What are you current Zen holdings? Average price?
Cheers
GMP
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