OTCPK:CRZNF - Post by User
Post by
minedrilleron Oct 08, 2020 5:31am
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Post# 31685076
I want to be optimistic "but"...
I want to be optimistic "but"...I see what they're doing on the surface - no pun intended - but what I can't understand is why has it taken them until mid October to see that silver is in an uptrend? This cycle began the end of May and has seen new highs in Gold, with silver being boosted 25% above the magical $20 range. It didn't take a genius to see it was going to have a good run. Again I can't fathom what was all the restructuring including brand change, the bs about banks preferring a holding company, much awaited feasibility study (2017) (remember a bankable FS? Remember discussions with financial institutions that want a FS?) the spiel about permits, rehab of mine site, underground prep in 2018? What was all that about?... The $20 loan from RCF that year was for what exactly? I mean in reality what came out of it? Another change of mind and more can kicking maybe? Oh and what ever happened to all those technical liaisons with AMC and Tetra Tech in 2016 and project development planning with Ausenco in 2017; a plan which was supposed to provide a "critical link" to "profitable production" to gain financing? The "project execution Plan" what happened to that? Remember AMC saying it was a "viable project" based on the 2017 FS? What about AMC's recommendations to advance the project? That had absolutely no weight with hedge funds or banks? Am I expected to believe that? What happened to the Engineering Procurement and Construction management (EPCM) plan? Well? What was that all about? More time difficulties (time wasting) for Kearney and co to amass another company for their "portfolio?" More money down the pan? Oh and the expansion of resources and hence mine life within the 20km of land. The much muted potential of extended mine life outside the conservative (extremely conservative has to be said) mine life of 15 years? That thought realisation of exactly what their sitting on, just suddenly popped into their heads now? Mc Donald an individual with a proven track record is CEO of the company for 4 years why didn't he - if not any the others - realise that? On a superficial level the recent developments with the company are positive but more pyrrhic results are not going to convince anyone, the problem with CZN/NZC is and was timing and communication. Both of which have not been addressed. Bottom line is we need results at the very latest Q2 2021. Knowing that Mc Donald and the rest have knocked on every financiers door in all the various hubs in the interim. Everything should be ready to roll smoothly as soon as the last results are in. This is it, they mess this up and it's game over.