OTCPK:CRZNF - Post by User
Comment by
Czicfwillgetermiton Feb 10, 2018 1:25pm
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Post# 27538940
RE:Its Friday....
RE:Its Friday....The bad news is daily in form of inept operations. Only much higher zinc , lead and silver will help sp in short and medium term unless a merger with a player with assets scoops up the mine as an option on higher prices. This is doable but options need to be lowered for brass.
The damage is done with the expiring of permits and CZN now having to start all over negotiating with bands. These guys managed to devalue the NPV of a ready to build asset and risk shareholder savings by tens of millions in their attempt to derisk a nonsensical construction loan requiring an ASR, from my view. Does anyone still seriously thing these dorks can manage building a mine without going way over budget? Not a shareholder friendly move.
I misread this situation when I put a very small toe in water here again last month. I assumed losing permits wasnt even a thing. Small caps never disappoint, Maybe will double down with another 8500 shares when the permits look closer but this fish stinks from the head still. My opinion remains brass needs to go, pay them their golden parachutes and shed the permits works program at prairie creek. If not everyone will wake up in 3 years with double the share count and no progress imo.