I hate to say this as I am heavily invested in ZEN but the news that the ZEN PEA will be delayed 2 months or more is bad news for them as this will be dead money for a few months. However, those looking for action will now turn their attention to CCB. With the proven exceptional quality of CCB graphite and a full press on the property to find more graphite with geophysics/trenching/drilling where grades can be 30%+, a single big intercept could launch this stock.
We do have a serious outstanding warrant issue:
Warrants Exercise Price $ Expiry Date
4,000,000 0.30 October 4, 2014
7,000,000 0.20 October 5, 2014
4,755,000 0.30 October 28, 2014
500,000 0.20 February 1, 2015
12,000 0.10 March 1, 2015
4,500,000 0.20 March 1, 2015
89,280 0.16 June 23, 2015
558,000 0.25 June 23, 2015
325,000 0.40 September 25, 2015
84,000 0.25 October 1, 2015
1,400,000 0.40 October 1, 2015
1,000,000 0.25 July 30, 2016
100,000 0.25 January 6, 2017
Total 24,323,280
However, by October 28th, almost 16m warrants will either have been exercised or cancelled. That is 65% of warrants. If they get exercised, we go from 76M shares to 92M shares but will add over $4M to our treasury. Our current MC at $15M is a well priced for a multibagger from here if CCB hits decent volume of ore.
With ZEN most likely being quiet for the summer, CCB should finally have the chance to shine.
