1. Its a venture stock, investors get jumpy very quickly. Venture stock investors are no where to be found these days which probably has more to do with the stock price today than them being jumpy.

2. Zen has accumulated enemies for competitive reasons. They have definitely had their share of unfounded rumors.

3. Graphite pricing is a inexact science and not well understood. Actually, I think the graphite world is such an EXACT science, few understand it and fewer seem to be able to seperate Zen from the flakers.

4. The size of the resource has not been precisly defined. I disagree, it is currently just under 1.5M tonnes and open at depth. More than large enough for a 20+ year mine.

5. The processing and mining costs are undefined. Agreed. The basic cost of processing can be surmised fairly accurately but the PEA delay for 'additional testing' caused more questions than it did more optimism for higher prices.

6. Who will buy it? For how much? The billion dallor question.

7. Lack of news from management- no pumping. ( a positive in my mind). As someone mentioned last week, 'something' changed earlier this year as the Company really went into the cone of silence. Depending on how this all plays out, this will be seen as either brilliant or just odd. But the lack of news flow, without a doubt, HURTS the current stock price.