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


To: NLWest who wrote (14802)1/27/2017 3:50:31 PM
From: Fact Czecher2 Recommendations

Recommended By
Gilmar1
hoperrs

  Read Replies (1) | Respond to of 22811
 
NLWest posted:
RE the PEA. Traders seem to be saying that it doesn't amount to a row of beans.

Seriously - You think that what was filed on SEDAR today was a PEA?

My God man! - you guys are dumb.

For your own reference and in an attempt to educate you and any others who are unaware of what was filed today please consult ZEN's history.

Dec 2, 2013 - Zen announces that it has approx 1.4 million tonnes of Graphite

Jan 16, 2014 (45 days after Dec 2) ZEN files a Technical Report to SEDAR explaining in detail how they arrived at those numbers (THIS IS CALLED A RESOURCE ESTIMATE)

Jun 1, 2015 - Zen announces that it is the greatest thing since sliced bread and will be a very profitable mine.

Jul 13, 2015 (45 days after Jun 1) ZEN files a Technical Report to SEDAR explaining in detail how they arrived at those conclusions (THIS IS CALLED A PRELIMINARY ECONOMIC ASSESSMENT)

You posted:
Traders seem to be saying that it doesn't amount to a row of beans.

NLWest - CCB did not release any new numbers today.
They just explained in detail how they arrived at the numbers that were published in the Dec 14, 2016 News Release (Tomorrow is 45 days after Dec 14). This is a legal requirement.
I don't think that any of us expected it to cause the stock to rise or fall significantly.

Did you expect it to go up?
Your own experience with ZEN should have had you expecting a tumultuous decline in CCB's share price after the Technical Report was filed.

It appears CCB is likely to hold its own and may now start moving up over the next few weeks as institutions digest the full Technical Report.

If I can help educate you on anything else, Just ask.