RE:Two spectacular drill results.....Wowzee. Feels like this stock will need some major help. None of the fluff release or positive drill results have had much of an impact. Seems like it is unable to sustain any kind of momentum.
CZX management must be feeling pressure from Private Placement (PP) folks (see below).
Stock has not been performing at these level (>$0.40) for a bit. End of February 2017.
Dec. 15th PP 2.8M @ $0.40 - Warrant @ $0.55
April 5th Closes Non-Brokered Flow-Through Private Placement @ .44 cents 1,5 Millions.
April 14th PP @.35 cents with W @ .50 for 495K.
Looking back. Echelon Partners put it on its watch list almost a year ago and not much since other than the note where the analyst revealed having done business with CZX management.
Nov. 7th Echelon Partners put CZX on their watch list as undervalued.
Also it seems that the piece by Moriaty has had almost as much impact as the drill results!
Feb. 28th Moriaty wrote a positive piece about the stock.
Wondering if Teck is maybe talking to Tongling about getting in together on this one to make it more "pallatable" for everyone since they are a Canadian company? Maybe that's why they have given up after one hole? Right now, no one seems to feel compelled to pay up >$0.35 cents even after great drill result. Management is not in control of this situation. Their client: Tongling is. And they will not pay more than they have to. Either way, this will be MBA business case study material.
KingKyle wrote: and back at 0.31.....just putting it out there...gotta hear the pumpers give us more lift....