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Bullboard - Stock Discussion Forum NorZinc Ltd NORZF

NorZinc Ltd is a Canadian exploration and development company. It is engaged in the business of exploring and developing natural resource properties. Its key project includes Prairie Creek Project, advanced-staged zinc- lead-silver property, located in the Northwest Territories. It also owns an extensive land package in central Newfoundland.

OTCPK:NORZF - Post Discussion

NorZinc Ltd > No replies from Investor relations
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Post by JohnnyBurnette on Jul 26, 2021 12:39am

No replies from Investor relations

I thought the posting about losing the ability to contact officers of the company were a little over the top, after all, I'm guessing you'd have a hard time getting a senior officer of Coca Cola to answer an email.  (And remember Norzinc has more shares outstanding than does Coke...)

On the other hand, if you send an email to the investor relations office of Coke, you can bet you'd get an answer.

There has been no reply to my attempts to contact NorZinc. I encourage those with similar issues to keep good records. Whether we like it or not, we are now all minority shareholders. Protection of minority shareholders in Canada depends on documenting 

  • a failure or refusal to provide financial information to shareholders.
Not to be overly dramatic, but it's trivial to make a case for how we could all lose our investment.. Norzinc runs short of operating capital, our ever so helpful majority shareholder creates yet another bridge loan with the mine as collateral, they take that property when the company defaults.

I have a list of questions:

1) Why was MacDonald let go? What finacial costs, if any, were incurred as a result of his separation?

2) How many employees are currently working on site?

3) When will the results of the surface drilling be released? 

4) Why do we still own interests in Newfoundland, especially given the cost to retain those interests have recently skyrocketed?

Please add questions to this list and send them to IR@norzinc.com

Interesting times.

Comment by minedriller on Jul 26, 2021 6:32am
You’re confused and in two minds. Nor ZInc is not Coca Cola and never tradionally sought the pure faceless corporate persona. It always had a working tradition of placing "senior" officer's emails on the company website. You were always certain of getting a reply from one or other of them as per their level of ethical conscience and competence. Please get the thought that Nor Zinc is ...more  
Comment by JohnnyBurnette on Jul 26, 2021 7:47am
Documentation of a pattern of non response to direct questions is a paper trail. I do not wish to cash out a losing position in an investment which shows promise long term. If that makes me a "fan boy" then OK, you got me. I wish only to be an informed investor treated fairly by a majority stakeholder.  
Comment by minedriller on Jul 26, 2021 12:08pm
You’re still not getting it. This is not a game or an academic exercise and it’s not a foregone conclusion. In response to your three points: - A nonresponse to emails could be surmised in a number of ways from a legal perspective. If you're relying on a nonresponse as a paper trail then that's a shakey start for you (not a good starting point IMO). - Neither do I, that is why I want a ...more  
Comment by JohnnyBurnette on Jul 26, 2021 10:44pm
Golly, thanks for explainng this..
Comment by minedriller on Jul 27, 2021 5:04am
No worries someone had to. Also got the message out that people need to wake up to the changed reality. 
Comment by sammy1023 on Jul 27, 2021 2:48pm
Sorry, you'll wake up when you realize the reality has NOT changed, this has been a money losing pit that keeps getting deeper for years going on years no matter how many times anyone tries to spin the narrative.  After 500 million, yes 500 MILLION shares of dilution in the last 7 years, you'd think the capital markets would catch on but no, more shares, more scams, and most of all ...more  
Comment by sammy1023 on Jul 26, 2021 10:46am
In what reality does NorZinc have more shares outstanding than KO?
Comment by JohnnyBurnette on Jul 26, 2021 11:09am
Oops, you're right, I should have checked first. It just feels like there are more NorZinc shares.  Maybe in another year or two.  
Comment by Navretire55 on Jul 28, 2021 8:24pm
Called 1-866-688-2001, then #1 for shareholders. Spoke with "Peter" for about 10-12 minutes. Just assured me that everything was going to their strategic plan....blah, blah , blah. I was suprised that someone actually answered. Don't think I asked all the right questions. He didn't make me feel any better about how things are going. So if someone else can call, I should have read ...more  
Comment by minedriller on Jul 29, 2021 4:15am
Thanks Navretire55 for the feedback. I'm not in Canada so makes it more awkward for phoning them and of course I'd prefer a response in a more formal way, so there are no misunderstandings. I sent eight emails and none answered which is strange to say the least. Strategic plan? Yeah their strategic plan is what worries me and the fact he didn't make you feel any better would suggest he ...more  
Comment by stupidemails on Aug 01, 2021 11:59am
I to have been frustrated by not having my calls returned, tried again last week and was surprised that Rohan Hazelton our new CEO actually answered my call. Talked for about 15 minutes about various items. Claims MacDonal retired, not sure I believe that! Would like to talk to him, does anyone have his new phone #? Talked about Government involvement in building the road , provide hydro to the ...more  
Comment by minedriller on Aug 02, 2021 1:03pm
Many emails and tried phoning today with no answer! Utterly intolerable! … You talked to the CEO? Well did you put the 64 million $ question to him? RCF will have 51% in a few weeks’ time so why would any new retail investors invest in NorZinc? If you didn't ask that pivotally important question and you're still worried about Mc Donald then there is something wrong with you. Mc ...more  
Comment by JohnnyBurnette on Aug 02, 2021 4:01pm
I'm curious Minedriller.  Would you rather the prospectus fail?  If so, why. Offering warrants as part of the deal for a two year period would awkward to explain if they take the company private two weeks later. But I'm sure I'll hear more insightful news from you soon. John 
Comment by minedriller on Aug 02, 2021 4:48pm
So how did you dream that one up? Why as a long-term serious investor of this company would I want it to fail now? Oh, I get it because I want a simple and straightforward answer to a pertinent question which essentially sums up exactly where we are at this time, that means I want the company to fail? Genius. Seriously are you taking crazy pills or are you permanently that disconnected? If at this ...more  
Comment by JayBanks on Aug 02, 2021 5:02pm
  Today was a Canadian Holiday, might be why there was no answer on the phone today... If an investment gets you this mad and takes up so much of your time, it might be best to cut bait, take the loss and go elsewhere where you can make better use of your time and investment dollars, also probably be better for your health. It's likely 2-3 years before something remotely exciting and ...more  
Comment by minedriller on Aug 02, 2021 5:37pm
Ouh thank you Mary for your concern, but I only take advice from individuals invested in the company. Mad? LOLLLOOLLL If you're not mad by the present circumstances then you’re either neutered, not invested, or need a serious kick up the a$$. Or probably all of the above as I’d say you have a face for it. It's not unknown for workers to take calls when they work remotely holiday or no ...more  
Comment by JohnnyBurnette on Aug 02, 2021 6:11pm
So I'm guessing that's a "Yes", you would rather the prospectus fail. Which would entail either bankruptcy, (which could be a good thing if other entities became interested) or a loan to be defaulted on which would lead to immediate lost of all resources. The only benefit I could possibly see is that Canadian law would require a third party valuation of corporate resources ...more  
Comment by JohnnyBurnette on Aug 02, 2021 6:13pm
PS: I have over 1/2 million shares.  How about you?
Comment by minedriller on Aug 02, 2021 6:47pm
That's one shed load of presumptions there. For your own sake try to get it out of your head that I want NorZinc to fail. I_DO_NOT. Got that? I don't have a problem in essence with RCF having majority status, but I would like reassurance. To clarify AGAIN. I want an answer from ir and clarity with regards to the realisation that RCF will have 51% share allocation. Simple. Now while ...more  
Comment by JayBanks on Aug 02, 2021 6:30pm
  When you get this mad at anouther poster on this message board, this message board is not likely for you... Move along! Your right, I'm not an investor in this company, I identified years ago this is not what I as an investment for me in its current state, maybe in a few years it will be, but those who invest in this the past 10 years have most likely taken major losses for no ...more  
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