Re: Zenyatta Ventures (NASDAQ:ZENYF) had its buy rating reissued by analysts at Roth
posted on
Aug 06, 2015 06:23PM
Hydrothermal Graphite Deposit Ammenable for Commercial Graphene Applications
Mr Smoky -- thanks for your lucid and frank commentary on this forum.
I am a regular lurker myself but am in agreement with you that the Zenyatta team should be gravely concerned with current market sentiment on their company and they should be actively working overtime to address these problems.
At present, the market simply does not believe in Zenyatta Ventures as a result of lengthy delays, not enough perceived transparency or credibility shown from management with regards to strategy or communicated plans, nor any visibly aggressive or effective marketing of this resource.
Is there a "Plan B" in case the preferred "Plan A" does not materialize?
These, among other additional questions and issues, are reflected in the horrendous share price we see now.
At end of the day, the Albany deposit is not worth a penny if the market doesn't know about it and/or doesn't believe in the story.
Negative market momentum is difficult to reverse.
A clear example of this is what has happened to Noront Resources and the entire "Ring of Fire" group of exploration companies.
They have all collapsed long-term in share price because the market simply does not believe they will ever be developed/mined, regardless of how mineral-rich those massive deposits in the ring truly are.
Mr Eveleigh and Zenyatta management need to take immediate, strong and strategic steps to change the market's perception of this unique graphite deposit and its potential before it's too late.
If they do not know how to do it themselves, they should bring in people who do because imho, this second half of 2015 appears to be a "make or break" situation for ZEN.
As I have also suggested previously on this forum, in the end, Mr Eveleigh will either end up looking like a methodical, bonafide genius or he will turn out to be an out-of-touch, tragic failure-figure and another casualty of the TSX-V (while taking us remaining shareholders who are still holding on, down with him).
In the interim, we await further news (expected closing of the p.p.) and next steps...
-Dragon50