Canadian Zinc is going through one heck of a lot of cash. Based on the facts just presented in their 3rd quarter finacial results their "burn rate" of monies in their treasuries will have the company dried up to nickels in a couple years,,,, begging for new investors to jump in,,,,which of course will dilute the present day share price down to worthless peanuts.
Management better get their act together. There must be a lot of high-priced expenditures with little returns for the shareholders. Are management and the Board overpaid??? You bet they are.
I didn't see any good news in this report at all. Where are all the mineral assets the Hunt brothers invested in. What are we waiting for?? Isn't the zinc commodity price supposed to be rebounding?
Prediction: Expect the CZN share price to drive itself lower in the next few weeks to reflect this -ve report.
" Excluding the gain or loss on marketable securities and the gain on the sale of the Royalty, the Company recorded a net loss of $1,974,000 in the third quarter of 2013 and a net loss of $5,516,000 in the nine months ended September 30, 2013, compared to net losses of $3,653,000 and $7,578,000 in the same periods last year. At September 30, 2013, the Company had a positive working capital balance of $14,452,000 including cash and cash equivalents of $12,855,000, short term investments of $1,000 and marketable securities of $1,704,000 (for a total of $14,560,000)."