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

To: Zen-Man who wrote (16936)	8/10/2018 3:27:28 AM
From: dragon50	8 Recommendations Recommended By Ace/Ten Canseco Inca2 Mister D Packfan1941 and 3 more members Read Replies (2) \| Respond to of 54135

From the July 5th news release: Pre-Feasibility Study (“PFS”): In light of new market opportunities involving graphene applications, simplification of the metallurgical process and a much better understanding of the unique characteristics of Albany graphite deposit, Zenyatta intends to review all new information to determine the optimal development model for the next level of technical study. It may be appropriate to prepare an updated PEA before proceeding with the PFS. The Company will provide an update on the status of this work and the bulk sample program in September. Funding: A private placement financing was completed on Friday June 22, 2018 and this gives Zenyatta the time to assess the work that needs to be accomplished over the next 12 months along with the required budgets to complete these endeavours. Once these budgets have been established, Zenyatta will look at all financing options including, but not limited to, a rights offering. The Company will elaborate on its future financing plans at the next AGM, scheduled for September 27, 2018. I would not expect any movement towards a PFS until James Jordan has first thoroughly caught up and completed the required work on the long-delayed metallurgical report over at SGS, which may also necessitate a considerably revised/updated PEA as indicated above. In addition, the AGM in September would also present a good opportunity to possibly introduce a new CEO (assuming a qualified candidate has been found for the role) while also announcing that the company has officially cut all remaining ties to the failed former CEO (from a market optics standpoint, I believe it would be an important symbolic step forward to remove his title and profile from the company's web site entirely). As for Mr Musky, the historical record suggests that his grandiose views expressed here regarding the company's value (i.e. "$100 billion graphene revenues per year = $25,000 Cdn ZEN share price), who the company was supposedly in talks with (i.e. "Tesla Motors"), and his groupie-style fan support of the company's failed former CEO (i.e. "your CEO is the richest billionaire man in the world, oh ya"), were largely absent of any realistic objectivity and beckoned the reader to either adopt similar delusion, or a form of passing amusement. [Dragon]