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then as the previous 3 of you have alludded to: (paraphrase) "....ZEN won't be around because of takeover....."
then I look at the tonnage, price/ton, etc etc...
So my next question is:
Why is Zenyatta not trading at a massive "buy out premium" if it's a foregone conclusion ?
A conclusion I've read on many boards too.
Zenyatta should be at "$50.0" if it's weeks away from buyout.
IF, it is not bought out, then it will need cash
could there be more news on this second drill program announced in December ?
probably.
I'm new today so dont bring out the swords just yet.
Just an honest, and important, DD question on Cash needs, burn rate, Interim Financials and MD&A.
according to SEDAR.com
Zenyatta has $2.5million cash as at December 31, 2013
according to the February, 2014 MD&A , section "Expenses"---in my calculation they will burn that cash in under 3 months.
(this question was raised elsewhere so I took a look)
Has anyone asked the company what their intentions are to raise cash ?