OTCPK:CRZNF - Post by User
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Czicfwillgetermiton Jan 23, 2018 11:43am
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Post# 27416155
RE:RE:RE:Material News
RE:RE:RE:Material NewsThe sad situation czn finds itself in is result of complacent management and no money except to pay salaries imo. I have no doubt czn will solve this latest crisis but it will still leave them desperate for cash and open for more dilution. Their special skill is getting permits no matter how long it takes or how much it dilutes shareholders. I think its painfully obvious this team has no business trying to build a mine with borrowed cash and leaving shareholders on the hook for any mistep. It will be a disaster.
Teck or a bigger player needs to do a stock swap here and give retail a chance for a 5-10 bagger down the road. A bigger player could have made winter road only option a win because they have cash flow to allow a wait to sell product. This mine should have been built by now or well on its way. This current path of replacing expiring permits is nothing more than a works program for brass imo. At a minimum its time to JV this project and de-risk czn shareholders and get show on the road. Otherwise shareholders will be dealing with a 450 million share float in no time.