| | | A little background...
My area of expertise is evaluating whether mineral deposits are worth bringing into production. That is why I originally bought ZWN shares, expecting then management to work Albany up to feasibility status and then sell it off. If that management had not been incompetent, this would have happened years ago and early shareholders like me would have done well.
Now the company has morphed into a technology startup, outside my area of expertise except that I know almost all of them fail to make it. They seem to be announcing a new alliance or project every week -- remember all the hype about the alliances with Israeli scientists to do with concrete? -- but with no clear path to generating income and thereby deliver returns to shareholders.
I sold most of my shares at a loss when the original plans to develop and sell the deposit failed, so I probably have a lot less riding on this than most of you. These days, I am mostly just interested in seeing what happens.
If ZEN changes course again and does what I would prefer, ditching the value-added stuff and going back to basics by developing and then selling off Albany, I will buy back in in a large way, but alas, I see no sign of that. As I said, almost all technology startups fail, but I do hope this one gets some luck and muddles through to profit generation if my preferred plan of going back to basics doesn't happen instead.
LC |
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