OTCPK:CRZNF - Post by User
Comment by
bilarooon Apr 23, 2015 1:55pm
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Post# 23658000
RE:RE:RE:RE:RE:LME Inventories
RE:RE:RE:RE:RE:LME InventoriesGood post CznFan! That pretty much sums up my thoughts as well. I really think we will know within the next couple of months what the deal will be. Teck has cut their dividend by 75%. this they say will free up around $325 million in cash flow per year. That money could be used to buy all of CZN's assets including what cash is left, and to get the mine at Prairie Creek up and running by the end of 2016. If that is what they choose to do. China consumes 37% of zinc produced worldwide but they also produce the most. So that is the wild card, if prices rise as expected and China ramps up their own production to meet demand. Inventories are dropping off a cliff right now. I swore to myself I wouldn't buy another share. But I'm sure gonna hold what I got. We can only hope the numbers are good enough to entice someone like Teck. Has to be this year in my opinion. Good luck to all who hold shares.