Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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@tyb - West Newton!
Paul can you explain to me why RBD will make a difference to the zenith share price?
I’m hoping if successful RBD is absorbed into ZEN somehow which means WN has a main market listing.
I also hope ZEN look into UJO and some fruitful outcome is proposed there.
Florida I really don’t see how RBDs vote has any thing to do with zeniths future, particularly as they have nothing to do with the $150 million arbitration, USA or Kazakhstan deal. Yeh maybe some Italian synergy but other than that I don’t see much cross over or importance.
Wednesday is a crucial vote as to how we, and other potential investors view Zenith for the foreseeable future. All I can say is that Wednesdays vote, if successful, will be highly significant to both Zenith and Reabold.
Seems like the price is gradually creeping up matching our Norwegian cousins. Also seems we have new investors coming on board for the ride. Florida once the Kazakhstan deal is signed and sealed fully I expect 5p to be broken immediately, but let’s see. Either way we are well undervalue and it is very difficult to buy any stock at the moment.
BEP shown by broker must be from consolidation date .
One tranche size buy left which is 57% down when comparing money in and out over all trades .
Not allowed to buy with main broker but can place a sell order for holding ?
"Unfortunately this product is not available for trading. This could be due to regulatory reasons, your current trading settings or an internal decision."
Now 3p
Noticed I owned these after looking at RBD .
At a loss but not that much compared to others .
First buy 3/9/19 then 13 more deals , the last 29/12/20 a sell at 1p which is equivalent to 10p on chart.
This post on 25/9/23 explaining consolidation could not be replied to message page does not exists .
RIP Leslie.
investverysmart
RE: New start consolidation........25 Sep 2023 18:41
ZENITH ENERGY LTD.
Implementation of Share Consolidation
Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA), the international energy production and development company, announces the following information in respect of the share consolidation that was approved by shareholders at the Company's annual general meeting held on April 14, 2023 (the "Consolidation").
Under the Consolidation, one new common share of no par value ("New Common Shares") will be issued for every ten existing common shares of no par value ("Old Common Shares").
Applications will be made for the New Common Shares to be admitted to the standard segment of the FCA Official List and to trading on the Main Market for listed securities of the London Stock Exchange.
A very big day coming on the 10th January. Massive changes could follow.
Botham according to your own figures the if we win the rock bottom amount of 20.69% (which we won’t it’ll be at least 50%) and we win let’s say $100 million not even $150 million. That’s still $20.69m. Current market cap $12m. Price should be about 200% higher than what it is now.
Another thing you have to remember is the oil is increasing monthly in Tunisia from what I remember
so the winnings will rise in time also.
Now take a 200-300% rise on that alone, with the Kazakhstan deal about to be signed and straight into protection. Whilst buying up assets in the USA and producing there also, a 500% rise in 2024 is not out of reach.
This might seem a bit of an abstract quote but the ending was very relevant to Zenith's various court cases that are being backed by external funding.
This was the scenario in the above case which was won and the postal plaintiffs won a settlement case of £58 million. Legal costs and funding repayments came to a staggering £46 million leaving only 20.69% left.
There will be less paperwork to analyse for Zenith so hopefully not such a low percentage left but something to consider when getting overly excited about the figures being quoted.
TYB Khazakstan is fine but i don't think its top of everthing now. I'd keep an eye on the cash RBD has and how it could make a difference for ZEN in the bigger picture.
He's not getting involved at RBD for fun imo. Obviously if it doesn't go through it will cause a rethink to a plan B perhaps (unaffecting Khazak) but that cash would be significant to move it elsewhere. RBD doing share buy backs now.
What management is going to be appointed to Leopard that they said would happen soon? Could it possibly be some of those who are working on getting voted in to RBD in 5 days time if it works. Zeniths Leoprad wants to acquire US assets.
Look at RBD re Daybreak Oil and Gas Inc - USA.
'Reabold has a 42% shareholding in Daybreak Oil and Gas Inc ("Daybreak"). Daybreak is an OTC traded oil and gas company engaged in the exploration, development and production of onshore crude oil and natural gas, primarily in California.'
AC could be working on a bigger plan right now and the $25m bond could be part of it all.
I don't know how it would affect everyones shareholding/dilution if any but imo it would be positive in time.
I think there's more importance to RBD now than some have researched.
As in for a 'plan B' at Zenith if not voted through.
I'd go back to the RBD interview posted a few days ago (which maybe some decided to have it removed without thinking of the bigger picture) in which they talk about their concerns on the assets so yes they must be aware of how they see AC possibly having a strategic plan involving ZEN.
And now SH saying "It has also not received sufficient, detailed explanations which address matters of concern" so perhaps AC doesn't want to engage to divulge any plans ?
ZENs Leoprad in the US could have some relation to the RBD assets as part of all this.
Zengas I would prefer we sign the Kazakhstan fully after due diligence get cracking on production there. Then get paid a big portion of the 150 million dollars owed by Congo and Tunisia and finally get the price back up to at least multiples of where we are now. Don’t know much about rbd but it seems the asset they have there is dog **** rather we stay clear. Zengas do you have shares there?
If you're not bothered you should be.
It may be to get their hands on the cash and some assets from RBD.
How can he potentially be CEO of two UK companies splitting his time running both if there's not something in this for Zenith - obviously there's something at play strategically (imo) and i feel if its not votoed through it may impact ZEN.
Then there's the upcoming appoinment of a board for the US listed entity - who'll run that and the hoped for acquisitions.
Not bothered about RBD. More interested to see if we seal the Kazakhstan over the line and take advantage of the great new sentiments the government is offering new investors in the region.
What will it mean for Zenith which is a one company? Time spread to thinly or will it have no impact? What are peoples thoughts?
5 days untiL Wednesdays RBD vote.
Be interesting if AC is voted in and if RBD doesn't find a nomad would the assets be taken over/stripped if he does get to the helm of both RBD/ZEN? as both Italian competitors plus the US/Leopard plans.
RBD now valued at £9m
4/1/23
"Further to the Company's announcement of 28 December 2023, Reabold has been informed by its Nominated Adviser, Strand Hanson Limited ("Strand Hanson"), that despite its best endeavours (which commenced on 29 November 2023) Strand Hanson has not received sufficient information to satisfy itself as to the suitability of the proposed directors to be directors of the Company.
It has also not received sufficient, detailed explanations which address matters of concern which, in the case of certain of the proposed directors, arose from the due diligence that was able to be undertaken and interaction with the individuals concerned.
Accordingly, as set out in the Company's announcement of 28 December 2023 and in the circular sent to shareholders on 13 December 2023, in the event that the resolutions in respect of the appointments of the proposed directors are passed, Strand Hanson has informed Reabold that it expects that it would be required to resign from its role as the Company's Nominated Adviser with immediate effect. Should this be required, in accordance with AIM Rule 1, trading in the Company's ordinary shares on AIM would be suspended following the closing of the General Meeting on Wednesday, 10 January 2024. If a replacement Nominated Adviser is not appointed within one month, admission of the Company's securities to trading on AIM would be cancelled."
https://www.lse.co.uk/rns/RBD/update-re-requisitioned-general-meeting-iena06xqjt5u8xy.html
Good find, looks like we have entered the Kazakhstan market at the right time.
That seems very good news. Andrea's had a lot of bad luck with the way the different territories he's tried to operate in have treated ZEN in the past, good to see things finally going the co's way.
Hope he makes the most of it.
Https://www.upstreamonline.com/exploration/kazakhstan-rules-to-boost-private-investment-in-oil-and-gas-exploration/2-1-1578327
Kazakhstan’s President Kassym-Jomart Tokayev has signed legislation designed to simplify rules and regulations governing oil and gas licensing, with the bill published at a governmental website at the end of December.
The new rules are geared to attracting more local investors in a domestic industry that has seen few significant discoveries in recent years.
The amendments, approved by the Kazakh parliament last month and set to go into effect in March, apply to oil and gas blocks acquired in auctions or in direct lease negotiations with government authorities.
The changes will not apply to production sharing agreements with western and Chinese energy majors under which the country’s largest oil and gas producing fields are operated, including Tengiz, Kashagan and Karachaganak.
Foreign operators of such projects have been forced to deal with Astana's increasing tax demands and fines for alleged lack of environmental compliance.
Under the amended rules, authorities will no longer have the right to impose fines on Kazakh or foreign explorers that opt out of acreage after they have conducted initial seismic data gathering.
Currently, Kazakhstan officials typically require licence-holders to drill at least one appraisal or exploration well during the initial exploration period.
The amendments also require authorities to extend the term of an exploration licence if the operator needs to conduct additional appraisal work.
For existing developments, an operator will be able to apply for an extension to a production licence no later than six months before it expires, rather than the previous deadline of 24 months.
The amendments reduce the amount of paperwork potential investors are required to submit in periodic oil and gas lease sales, and also shorten the time from application to start of exploration by eight to 12 months.
The rules also make it harder for authorities to disqualify bidders because of technical errors in applications and other documents.
The amendments envisage future tax breaks for producers that operate mature and depleting oilfields, but details about the size and type of concessions will be spelled out in subsequent legislation.
Authorities also ruled that state-owned KazMunayGaz or one of its subsidies should have at least 50% interest in all new major oil and gas developments in Kazakhstan
The Kazakh government has welcomed the approval of the amendments, saying they “will give an additional impetus to investments in geological hydrocarbon exploration" that authorities hope to reach at least 200 billion tenge ($450 million) per year.
Closed +3.45%
I agree it could be if they are successful with their purchase of 50% of Devonian, along with getting their $25M bond sale off, move their rig to Kazakhstan with no issues then set it up and drill a gusher moving plenty of resources to reserves .
Then holders are in for a very good year and at the end of the day this is ZEN so what could go wrong?
(position holding a few considering a few more)
Bammo 2024 is going to be our year, just ask Nicetomichu he agrees with me