Price action getting interesting
This price action getting interesting. ZEN is desparate to keep the SP above 65 otherwise the PP will fail. I just a spectator on this one but its fun to watch. In a week we will all know if this price action is strong enough to sustain 65 or if it will go lower. I wrote the following earlier to another member....................
Think about it Wawawaw, if this deposit was worth 1000s/kg it would be more valuable than the best gold deposits on the planet. ZEN claims to have a vein that goes a 1 km down and hundreds of meters wide. It would be worth a fortune and miners like Barrick Gold and Goldcorp would be green with envy.
ZEM management keeps using that "1000s/kg" argument to make a case for them, but I think simple logical shows it actually works against them. As an investor I'm thinking why the hell are these guys struggling to get subscribers for a tiny $1Million PP when they claim to be sitting on a multi-$billion asset? Does that make sense to you?
A major miner with development experience would jump at the chance to do a joint venture with ZEN or possibly buy them out completely with a multi-$billion asset underground. But this is not happening. All they can find for joint venture partnerships are a couple of scientists in the basements of a few universities. Not even commercial stage research but primary research! Primary research is pure experimental stuff that sometimes never yields a commercialization pathway. Something is not right with ZEN. Too many red flags from management. I'm not going to invest as there are better options out there but I'm going to keep following their story over time because I'm really curious to see if my suspicions prove true.