Emerging Graphene Technology Company

Hydrothermal Graphite Deposit Ammenable for Commercial Graphene Applications

Free
Message: Re: Zenyatta Provides General Update and Announces Increase of Financing, Shares for Debt Transactions, and Resignation of CFO

That's a nice news release for ZEN. Oversubscribed, paid off debt with shares, applied to extend the rights warrants, and announced (finally), that Mustapic has departed.

But the status of their progress toward mining is still vague  "The Restructuring Committee is currently in the process of conducting a detailed review of the Albany Project technical data (i.e. metallurgical, R&D and end user collaborations) and will be reporting its findings in upcoming news releases. Dr. Francis Dube, Interim Head of Business Development and Technology, commented that "our early review of the data has not revealed any material differences with previous Zenyatta continuous disclosure reporting on the resource estimates or metallurgy." "

What does Glorieux's statement actually say? They found no surprises with the met. But nobody knows the status of the report. Couldn't they at least have said that it was done, or would be completed first thing? This part is disappointing. The rest is good.

Share
New Message
Please login to post a reply