It really does look pretty ugly.PON, broke down again overnight...

It really does look pretty ugly.

PON, broke down again overnight and looks set now to go lower.

Management (in their infinite wisdom) had over 16 month advantage with exceptional nickel/ copper/ cobalt pricing to do really 3 things (1. drive costs down quickly) (3. build stronger cash position with these higher prices) (3. Get to nameplate quicker to take advantage of market conditions then, now and for the future).

They failed on all 3 of these metrics in my opinion.

It also appears they will even miss their current guidance.

In my honest opinion, this Victor guy appears to have no real control over his operation.

As I said prior, the cost numbers put out by the company which are not attractive by any stretch still appear fanciful and the market knows this.

All makes sense now why Zeta was selling from $0.18 to $0.38. They appear to have taken advantage of the valuation while it lasted.