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Pastimes : Zenyatta Free Speech Board -- Ignore unavailable to you. Want to Upgrade?

To: stuffbug who wrote (1307)	6/21/2015 1:07:22 PM
From: Darby	Respond to of 22811

Delightful example of the behavior we have seen today Stuffbug. From Vette2009's palpable rage to the misplaced arrogance of GuMP. Truly a lovely cross section of human emotions as it relates to money. I really enjoyed GuMP's commentary on his view of the market place which clearly defies all the laws of investment acumen. As I stated earlier he is not a bright lad by any means.

To: stuffbug who wrote (1307)	6/21/2015 2:12:15 PM
From: the Chief	Respond to of 22811

"The further a society drifts from the truth, the more it will hate those who speak it".George Orwell That is ohhhhh so true. I think I would like to elaborate on this even though I have no right too "The further a society drifts from using sound judgement, the more it will hate those who speak it".the_Chief In the absence of truth, we have to use all the tools that are available to us. This means sometimes you have to decide whether popularity is more important to you then your own judgement. When I said this was going to be two pits not one, I was faced with a huge uproar. "Could I not see the model that was presented"? My answer was yes, I could, but, my opinion was that it would not be one pit based on "my judgement". Sometimes you just have to stick to your guns. On one hand I was being told to look at the model, then when I questioned the model I was then told that it was only scaled in 2D and the space was not "actually accurate". So the people that wanted to look and accept what they saw, on one hand wanted to use the model and when the model did not solve the issue, then I was only too look at it in 2D. Another example was when AE was saying PEA by Xmas. I would accuse him of being a liar when he said it, but he may have actually believed it. Logic and judgement (which pumpers decode as insider info) told you immediately that AE should get ready to be run out of town, because there was no way he could get pricing on 4 different markets before Dec 31. However, I now see that it was never his intent to get pricing. It was to throw a dart at the wall and see if it sticks. When I suggested that ZEN had met problems and that would also delay the PEA I again used "judgement". Here was a company that aspired to a PEA by Q1 2014 and its coming close to Q1 2015 so what could be the problems that would interrupt the delivery? ZEN insisted it had plenty of core so samples were not an issue. ZEN insisted that things were moving along fine, but the PEA was still not delivered. So, the ONLY two things that can hold up a PEA are Price and Met issues. When the "upto 92.5%" NR came out with a surprise 78.3% upgrade number that had never been seen before I knew my judgement was right. Its never the glossy stuff that one should look for when it comes to data, what you look for is what is not being said, not what is. So 99.9%+ on a Leco...why? Why not put the puppy to bed and do a GDMS? Probably a simple answer, they have not baselined the Flow sheet, in fact I have no doubt they are back working on it now. The only reason they stopped work, was to establish a fixed flow sheet for the PEA. Once that was done, its back to work, working on something that is "both cheap and easy"??? Then as time progresses you get the PEA and surprise surprise they give you costing without coating prices yet award themselves a coated superb sale price that coincidentally falls into the "glossy data" category in spades. Bulls just say, RPA gave us the price. I say RPA will disclaim the ownership or accuracy of that price list and immediately pass that responsibility to whomever drafted the papers or told them to use it. ZEn owners are a fickle bunch. They wait for someone else to do work for them. Its why rarely see any logic based on good judgement. Its based on the glossy data not researched data. ie. Call Simon Moore? Protect your ZEN ownership and your families money, call him and ask him if that price list is even close to accurate. But, they will not, they will take the published data as gospel and assume it was actually ZEN Graphite that was "priced" at those levels. The 14? Look, I really hope they keep riding down this road relying on printed matter. They deserve everything they get. Others? Not so much. I have one rule "VERIFY, VERIFY, VERIFY. If you cannot do that on your own, you should not be in the market, PERIOD! I am not "lucky, got lucky, or received insider info" I actually WORK at doing DD and do not pay lipservice to the term. The nice thing about this board is you guys are very good researchers and discover things I cannot possibly discover on my own.