I'mbetting the news is the resolution of the ownership structure between ZEN and CLF. Whatever the structure is going forward the impact on share price will be positive. This has been a cloud over the company for awhile. Even if the result is a 30 percent carried interest we get 27,5m from CLF, which puts about 60 cents a share into the coffers of ZEN, which would be a double from here. Over time as CLF proves up the size of the deposit and its value we ZEN shareholders will still see $5 IMO.
An 80-100 percent ownership structure for ZEN would result in a whole other set of challenges but the share price would see $5 near term. The bottom line is that this is a lose scenario in my opinion.