OTCPK:CRZNF - Post by User
Post by
cupricityon Apr 28, 2014 12:19pm
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Post# 22498281
Management
ManagementWhats wrong with management? If you are going to complain be specific. Specifically they have the following track record.
1. Minimal dilution over the past 5 years.
2. Received environmental approval for the mine
3. Worked with local talent to foster good community involvement(First Nations Bought in!).
4. Made CZN an exemption to the expansion of Nahanni National Park.
Furthermore what do you want them to do right now? THe market has bottomed (technically CZN just made a double bottom which is nicely bullish) , PIMCO just said the new normal is over and global growth is reaccelerating, the TSX venture is sitting where it was 14 years ago!
The only move right now is no move, sit on the money, don't do anything rash, and wait.
The price of CZN barely made it over a dollar in the past 4 years (except for 1 brief run) whereas the TSX V has collapsed from nearly 3000 to 900 so they are beating the market.
On top of that I hear a lot of complaining about LIM but it seems to me that if we look at LIM in conjunction with everything to do with Iron Ore and Met Coal then we can pick multiple large customers that face the same share price exhaustion, WLT for example went from 120 to 8 dollars today.
So Kudos to Management for not doing a desperate dilutionary deal, and waiting for a better market to develop this truly once in a lifetime deposit.