Interesting to note they have decided to respond to Russian media speculation, not that it has done anything for the SP!......GL S
RNS Number : 6352J
Zoltav Resources Inc
For immediate release: Wednesday, 8(th) April 2015
Response to Media Speculation
Zoltav (AIM:ZOL), the Russia and CIS-focused oil and gas exploration and production company, notes speculation in Russian media sources of partnership discussions in respect of the Koltogor Licences in Western Siberia. The Company is not currently engaged in any such partnership discussions and, as such, there is no basis for these reports.
Foreign reserves rose $9 billion in March. It's gold reserves have grown too. The UK interest payments, on its borrowing deficit, is $55 billion. Zoltav is in a very strong financial position, unlike most western small to medium producers. Zoltav also, has Abramovich and Co, we are in the market to take over struggling companies. The Silk Road project, is up and running.
Is the important global political and economic engine. The sun has passed it's meridian for the USA. Economic sanctions against Russia, Iran, Cuba, Venezuela etc is a last grasp at power. Friends of the USA have edged their bets by joining China's AIIB. Russia is entwined deeply with China. Next month, will be an important meeting for the IMF. SDR'S will include China's Yuan and gold. China needs Russian oil and gas, sanctions lol.
The more this falls ,people will look at it and think why. As we have had a much higher share price when we had no oil and gas.I think it will go down to 50-45p .Then push up on news.Is this RIpe for a take over. They have a lot of Oil and Gas and the share price is very low.
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