Zenyatta is currently ripe for the picking buy the big conglomerate's.

There is many possible takeover prospects.

The major one that is probably knocking at the door is Timcal / Imerys. they have currently exhausted there current Canadian mine and are looking for new resources. The previous 2 quarters has produced revenues of 1.8B euros. To buy ZEN would be a drop in the bucket to them & would sustain a continued supply of high grade graphite for many years to come. To add to this prospect is they are involved in DOE.

The second prospect is Teck Mining Company which is probably one of the largest miners in Canada and is very aware of what Zenyatta has. They have gross profits of approx 2B & liquidity of around 5 billion. They could probably do share for share takeover of approx $25 per share. Which would be good.

The 3rd would be Hudbay mineral which Kenneth Stowe is currently on the BOD. They are smaller than the other 2 but has revenues of 500 million. This is still possible and this would be a large cash cow for them. The have approx 500 million cash on hand.

These are just 3 of the possiblities for a take over but the first two have the greater resources & most cash to complete the takeover.

So lets ignore the noise & wait for the offers to come in. My original estimates were around $16 dollars per share but with the recent activity I feel that will be a good starting bid and the final price should be in the $25 range depending on the PEA.

GLTA

DUDE