Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Garth who wrote (16882)	7/11/2018 4:45:57 AM
From: dragon50	22 Recommendations Recommended By Ace/Ten Canseco emperor Garth George69 and 17 more members Read Replies (2) \| Respond to of 54161

Agreed. The overall style of delivery, transparency of information, and itemized action plans listed in the recent July 5th news release update, are a night and day difference from anything previously seen during the regime of the company's hopelessly incompetent former CEO and his cronyist entourage. At the very least, it is visibly clear that the company is now being managed by people with a much higher degree of business professionalism along with a much higher level of vested interest in proactively addressing key areas of neglect in order to move the company forward. Here are some highlights I interpreted from the news release: 1) Funding - it appears that the recent private placement was over-subscribed and that for now, in the interim, there are sufficient dollars in place to allow the company to actually function and operate in a meaningful capacity (this suggests there is at least more overall confidence in investing with the company's new leadership which could potentially open access doors to bigger institutional dollars in the future) 2) Market Development - seemingly back from the dead, Mr Peter Wood appears to finally be getting re-engaged and utilized in some productive form and is reportedly working with a couple of external consultants who have been contracted to pursue commercial avenues where the Albany deposit's product could be put to innovative use and potentially generate revenue streams for the company down the road ("securing off-take agreements" is also mentioned as a strategic goal, which is a concept that has not been heard in these parts for what seems like eons) 3) Metallurgical Process Development - also back from a lengthy hibernation, it is also very positive to read that Mr James Jordan is back in the fold as project manager and will be able to continue his previous work on the metallurgy report which had been stopped due to lack of dollars to pay the man for his time ("the report will be completed and reviewed within the next three weeks" is also indicated as the target timeline, which is both very encouraging and exciting given that this report's highly anticipated release went into a black hole and has been delayed for probably over a full year) 4) Update on Third Party Research Agreements/NDAs - this key area was the proverbial trump card that the illegitimate former CEO used to throw around with an air of confidence and bravado, but has not been seen or heard from in any form of update for an obscenely lengthy period of time ("assessment of their status is ongoing and the Company plans to report on progress within the next six weeks" is indicated as the target timeline and until there is more information presented, I remain broadly skeptical that these NDA agreements/partnerships will yield any immediate game-changing results given who was previously in charge and how long it has been since anything of substance has been reported in this area) 5) Community Engagement and Environmental Assessment - under any circumstances, it is an understood prerequisite that any plans for future mining and production would have to include the CLFN group on-board as a willing partner who would need to be fully briefed/educated in the overall process (it is a positive indicator that a quote from Chief Allen was included in the news release as part of the company's longer term plan to prepare a budget and schedule for the environmental assessment work) 6) Bulk Sample - a bulk sample(s) should have originally been done a long time ago when the company still had drills and equipment on-site (retrieving/securing a bulk sample would have given the company the flexibility of having a larger quantity of available product on hand that would, in turn, ostensibly allow potential end users the ability to test and determine if the product can be used and produced on a commercial/mass scale (given the funding that the company once had in its coffers, taking a bulk sample should have been an affordable, basic no-brainer as there would not have been any conceivable downside to just even having the material handy in stock for a rainy day or any number of other potential uses) 7) Pre-Feasibility Study - it is virtually a guarantee that the PEA will need to be further updated (James Jordan et al) with new information first before proceeding with plans for a PFS (realistically, it would seem we are still miles away from a PFS given that the company's new management is still working on making up for all the lost time over the last three years of gross mismanagement Briefly, with regards to the personnel changes reported in the company's news release on June 22, I would note that the resignation of Mr Brett Richards did not come as a surprise to me given how heavily involved and professionally obligated he already was elsewhere (his hiring was more likely part of a last ditch strategic move from the persona non grata former CEO). The addition of Mr Donald Bubar to the company's advisory board is also interesting as he is the president/CEO of Avalon Advanced Materials Inc, who are already involved in the area of rare earths/lithium/technology metals that could be used in future battery applications. Mr Bubar can be seen speaking in the two video links below: youtube.com youtube.com One final point I would make is that while the company's new management only very recently took over a short time ago, the optics are already looking far more business-positive under their stewardship and that the AGM this coming September should be very different, both in content and tone, from the dishonest sham of an AGM that was held in 2017. Looking back now, the fact that the previous regime audaciously implored shareholders to "vote using only their green-coloured proxy" appears more laughable now than it did then. [Dragon]