The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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nice cliveas......time will tell......till then not much we can do anyway.....gla
Glad you had a nice break!
I am off to Tier3 rainy Lytham next week LOL!
Not too comfortable with this deadline AC has set as it all depends on progress with 3rd parties he has no control over.
Tunisia shud be a formality as two majors are happy with the deal but it does seem to take an age to get things approved across the board.
Don't know what the hold up with Tilapia is. If not Zen then why not issued to another already. I would use the $ 5.3m SNPC debt as a large brown envelope (ie accept a lot less) if I was AC.
Other possibility is a rabbit out of the hat.
We will soon know but I am expecting this suspension to be extended.
GL.
(that shud give them sum ammo LOL)
Imho before we trade again we will get a tilapia announcement, and if that comes out this will trade 1p+. All imho of course. Maybe kelsbels can hold and make some of that £250k loss back.
Barnyard try south of France ;)
I imagine somewhere there is a store room full of unused hand gel like del boy's free Mandela t shirts - after his release.
Its also gone quiet on the alcohol gel making front. We purchased a machine (and RNS’d that updates would follow / delivery in a few weeks etc)
Surprise surprise it’s not been heard about since.
The problem is nearly everything they do is conditional on approval being granted , and approval Invariably never comes! same reason we’ve waited all year for this apparent shoe in Congo deal to happen, the snpc haven’t given permission!
I do not agree Kelsbells.
Tunisia deal is important. I think the problem is every mention of deal is followed by - Completion of the SPA is conditional on approval being granted by the Comité Consultatif des Hydrocarbures ("CCH") of the Republic of Tunisia in respect of the transfer of the Seller's right, title and interest.
Last As late as 8th Sept RNS.
Consider home purchase. If you exchange can you then borrowing or re-mortgage? No because you don’t officially own the same.Now once completion then different. Once officially ZENs then onwards.
Asset producing and small works could increase.
Yes I wonder if AC is negotiating a tighter deal instead?
The likelihood of the $5.3 m being repaid is minimal, the license has expired and I’m not convinced saying you owe us $5.3m when you own an expired license would stand up in court particularly in Africa. If it’s that simple why did Aaog sell it for £200k!! Also the way the world is currently why would any government hand over that money particularly when it’s more than debatable whether they actually have to or not ..again particularly in Africa
Some other outfit is willing to pay more, or take less from the deal.
I meant negotiate for different terms.
??? Is willing to take less? Do you realise this is money owed?
I think when ZEN had The field in Azerbaijan they were produced close to 170bpd. So the signoff of 300bpd will be fantastic. Looking to wait to see what works out.
I wonder if the $5.3m is a stumbling block and some other outfit is willing to take less.
You should be cautious, zen have zero credibility hence the fact that any news on Tunisian assets or anything else does nothing to the share price but move it ever down. They hung their hats from Xmas on the Aaog purchase and the $5.3m . If they end up after all the promises not getting the license and money then in reality it’s over . I’ve said all year on this board and to AC directly that the only thing that will give some recovery to the share price is tilapia and the $5.3m, the rest of it is a sideshow
Yes I see it now.
I must admit I am excited but at the same time cautious if there are competitors swooping around for a bite of the cherry.
Did you read the RNS? $5.3M receivable.
Where is the RNS concerning the $5.3m retrace?
Please read RNS 10th aug.
They have also looking at other opportunities.
Excuse my ignorance as I have not been following too closely,
What is the $5.3m retrace for?
A further purchase?
I disagree here.
If they can have the Tunisia signoff which is 300bpd and $5M income then we will do ok. I think team will fight for the $5.3M retrace but let’s see how that goes as well is Tilapia.
They can also announce a further purchase which they have pursued.
Well it is squeaky bum time for when the Tilapia news does arrive.
I have no idea what the SP will be when we list again if the news is bad.
We need a company announcement by Friday to let shareholders know what is happening.
up hands who else wants to join TYB for an overnight in Skegness
disclaimer: other half penny bucket shop destinations are available
no licence no likey
tick tock :-)
Mls apologies for my lack of posting I just got back from a lovely holiday with my family. Maybe you guys should try it sometime instead of always angry at zenith lol.
Looking forward to Tilapia news, if it comes I will be a very rich man :).
The last RNS said:-
"the Company expects the Annual Report to be published in or around the week beginning 19 October 2020, with any variance to this expectation to be updated to the market. As previously set out, this delay follows consultations with its independent auditor, PKF LittleJohn, resulting from the imminent potential award of a new 25-year license in the Republic of the Congo for the Tilapia oilfield."
So we are not in we are around the 19th, no news by Friday whether good or bad is not good form.
Posted yesterday?
GL.
I notice he’s quiet this week