I feel that I am living on the planet Bizarro. That is the planet in the Superman comic books where everything is backwards (i.e" Hello I must be going").
First, ZEN publishes the results from the west pipe. I see assays of over 100 to 400 meters of carbon with a carbon content running from 3.5% to over 7%.
Then, the share price goes down. Am I crazy to think that the share price should rise (significantly) on this news?
This is beginning to go way beyond the work of a few short sellers. There appears to be a concerted effort to depress the share price of ZEN by a financially powerful group that can overcome any price advance. We saw it today when the price began to move up after the NR and was quickly beaten down.
I have already asked the question - "Quo Bono" about this activity. Short sellers can benefit in the short term but in the long term I see the hand of a company that wants to depress the price in order to "steal" this company in a buy-out.
Or did I miss some hidden negative message in the NR.
Or have I really gone to live in Bizarro.
- panamax