Underwhelming update.
Obviously the presentation released earlier this month provides a more positive picture and focused on the most recent performance but improving our cash position by just $130k in 3 months doesn’t get the champagne bottles popping.
Broken pumps and trucks ; the ongoing trail of bad luck continues. Will CZL be able to make some good luck happen for itself in Q2?
I am still holding as there is potential but suspect management will need to provide one or two positive announcements between now and the next quarter update at end of January if they want the SP to keep nudging 5c and above. If Zinc prices keep rising, I can see someone running a ruler over this mine and saying “I think we can do better than that. Let’s take them over.”
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