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Gold/Mining/Energy : Zentek Ltd - ZEN -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (5424)	12/5/2013 2:45:25 PM
From: Dav!d	1 Recommendation Recommended By Terry Maloney Respond to of 22706

Benton, You might know that RR and I are not on the same page recently. However, I agree with his assessment on ZEN. ZEN was a great buy before the masses pushed it to $5. It is now at $2.13 and it will likely test the $2 support level again very soon. It is well below the 50-day and 200-day moving averages in the midst of tax loss selling. Look at the short volume. It really has not gone down that much even with the stock being down about 60%. The 43-101 was a non event. The resource is there. The PEA and an agreement with an end user is what matters. You cannot compare this to a gold deposit because gold has a market. It is easy to buy and sell. Graphite is an unique market and therefore ZEN needs an end user to take this to production. I expect ZEN now to trade back to $1.50. It will need many months to consolidate. Then as tou get close to the PEA it will start its next cycle. I will see you there. Just my opinion. David.