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If they win 9.5m usd, the least they could do is chuck a million back at shareholders. I know that they said they would with the other arbitrations but it would help shareholder morale no end if they could spare a few quid to help us out.
You’ve missed out the €25 million bond raising that they mentioned in the last half yearly report that will more than fund the Kazakhstan deal. Trust in the Italian stallion. Easy arbitration win for the maestro.
No chance.
And if we lose?
Paris court case against SMP for $9.5m is imminent.
I’ve got a small investment here and was considering topping up significantly on the Kazakhstan news but I held fire and I'm glad I did. what do we believe is the holdup with the Kazakhstan deal? It seems ongoing since December 20th when Zenith said it'd be done in 60 days. Now it's been 113 days and still no word. Usually when Zenith misses deadlines like this it's game over and this time next year rodders.
If the deal does go through, how's Zenith footing the bill? They only had $843k in cash and hefty expenses according to their September 20th report. They got about $2 million in February which might keep them afloat with some penny-pinching, but where's the $1.8 million for Kazakhstan coming from?
Let’s say they scrape up or borrow the $1.8 million, how are they tackling drilling costs? From what I can tell they're flat broke.
Without a penny to spare how are they pulling off anything in Kazakhstan? I’m only asking because this stock seems to be oversold but how will they pull themselves out of this rut??
Callit I agree...........Ramadan is one month of no work............imo
The deal in Kaz is good for Devonian, good for Zenith and good for the state. Why would it not go ahead?
Who else has a drill hanging around and ready to deploy.
I find it more reasonable to consider that we are waiting for the formal paperwork from the ministry that has been delayed as it's been holiday season over Ramadan and there is probably a backlog to get through.
GLA DYOR
Why not? Tunisia was going well and plain sailing till the government decided we were making too much money on the cheap and then tried to illegally take it from us. First and foremost the most important thing zenith must do is win the arbitration and then we can take our time to buy whatever good asset we want and diversify as much as we want also.
The reality sadly is, we currently have no money, huge debt, and double digit MOU's. Ask yourself who would sign a future MOU with Zenith based on past performance
Whether we get Kazakhstan or not has nothing to do with Putin. It all comes down to if the deal is right for zenith or not. Once we get the arbitration money and make straight forward money in the USA, then we can take a step back and pick the best deal in Kazakhstan for us.
Can't be far off some news on some front now.
Any ideas what the potential acquisition in Italy might be?
"I am pleased to report that the Company is currently evaluating a potentially significant additional acquisition in Italy, and I look forward to providing updates in due course if negotiations prove successful."
"Every single strategic decision has failed."
Not quite true, not unless they lose all the court cases they have ongoing with the different countries that have broken contracts with them.
How much are they suing for in total? I know its a lot but lose count at times like this.
Rpg precisely, unfortunately they think with their heart not brains. Yeh I’m down but one day when the arbitration is settled and we get paid 100m+ I’ll be sitting on a huge profit and I guarantee you all the naysayers will come on spout the same rubbish. “ I’m happy for you guys no hard feelings “ garbage talk.
If you take a defeatist attitude and just whinge and give up then you will never succeed .It only takes one good win.
Account suspended, maybe posting false information.
Every day??? Think you are talking about yourself there.
flash garden 370 posts since 2019???
tyb 3043 posts since 2020 ....all on one company.
You are well, well down on your advertised 'investments' .
As for lightbulb moments there have been many , all failures. And anyone who is bitter about them , including azer, has every right to be. Every single strategic descision has failed. Why should it change now when the same guy is making the decisions.
Flashgarden lightbulb enough for you and mls to spend every day here even though you both got wiped out 5 years ago
As Leonidas said then, 'we will do it in the shade'.
'One day soon there should be a 'lightbulb' moment from the market regarding this company.'
rpg 7 june 2022
Have you seen the share price?. I dont think there are enough ligtbulbs in the world to help you see tbh
Good one.
Flashgarden I like you. Do you like me?
'Guys the bottom reached 2 weeks ago and now 3-3.5 will be the holding price until there is good news. All the sellers have sold all bad news out of the way and a whiff of good news and the price will go straight back up from here.'
tyb 6th nov