Thiess-ZEN posted: - "I have no issues with our PEA".
T-Z ....You yellow fellows have clearly stated you no longer trust or believe much of what AE has claimed over the years'
EVERYTHING you were told about ZEN passed through the AE filter (NR's, Website, Quotes from labs,etc) EXCEPT for the Resource Estimate and the PEA which were prepared by an independent 3rd party.
ZEN released the summary of its long awaited and over-promised Resource Estimate on Dec 2, 2013. ZEN opened at $3.10 and Closed at $2.10 DOWN $1.00 (32.25%) IN 1 DAY
Six weeks later on Jan 16, 2014, the detailed RE was filed to SEDAR Zen Closed at $2.18 on Jan 15 and at $1.92 on Jan 17, 2014 DOWN $0.26 (11.9%) IN 2 DAYS
The RE revealed that the PEA would be released in the 2nd quarter of 2014 (within 6 months).
It was then delayed over and over again with promises of “soon” until the summary info was finally released on June 1, 2015. ZEN opened at $2.37 that day. 3 days later on June 4th it closed at $1.51 DOWN $0.86 (36.3%) IN 3 DAYS
Six weeks later on Monday, July 13, 2015, the detailed PEA was filed to SEDAR. On the previous trading day, Friday, July 10th, ZEN closed at $1.37 On July 14th it closed at $1.24 DOWN $0.13 (9.5%) IN 2 DAYS
These 2 documents contain the only ZEN info and data that you can take to the bank. The rest (production in 2018, PFS in early 2017, etc) is just unsupported heresay.
So, T-Z YOU may be happy with the PEA but a lot of investors were NOT. You, no doubt, are much smarter than them.
Of note, ZEN is currently trading at less than half of the Post-PEA July 14, 2015 Share Price. |
