OTCPK:CRZNF - Post by User
Comment by
JayBankson Dec 20, 2021 5:18pm
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Post# 34248443
RE:RE:RE:Gee. What a surprise. Not.
RE:RE:RE:Gee. What a surprise. Not.
minedriller wrote: It's both nzc and regulators. nzc obviously fecked up and regulators saw an opportunity to stick a knife in. They might as well have delayed until 2037. Another unnecessary year on top of the many more delays is the death knell for this. Certainly for shareholders we've had it.
I wonder how many people read this news and threw thier hands up in the air or a pen across the room... I wonder how many people are still holding this name from purchases above 30 cents or even above 10 cents?
One of the few highlights of the last several years was seeing a sale of the other properties with the intentions to build the road and get things finally "started". It's likely 3-6 years before this thing may produce income let alone profits.
I gotta wonder if anouther company that has a positive reputation would have an interest in swooping in and buying this project, put Norzinc out of its misery, and turn this into a positive looking mine.
I'm not a share holder and pushed the "ABORT" button on an order this morning 10 minutes before opening that would have been filled today on this news. I was intent on trading the name short term on the positive outlook of this road starting construction and the news associated. With this I could see 3.5 or 3 cents in the future for price based on nothing other than there is nothing positive supporting this at the moment.
All the positives that the project still have it of interest to be involved in, but how far can this fall in share price? How much longer before there is production? How much more can the dilute shares? How much more can they pull from private deals? This has a similar outlook to developing a pipeline right now...