Zenith Energy Share Chat (ZEN)

Kelsbels it’s frustrating losing money in a company you believed in so I get your point. But IMO I’m certain if you average down at these levels by year end you can sell out at a profit. The fun is just starting with this stock.

Orjones I wasn’t being serious about the Aaog getting a license it was an ironic observation of zens ability to snatch defeat from the jaws of victory . I would be genuinely interested to know why you believe (particularly in this covid era) the snpc would hand over $5.3m to zen ?
Yes I’ve lost a lot of money in 2 shares zen being one. I’m not bitter as I knew the risks before I took them and I’m fortunate enough to be able to absorb the losses. However you can’t really blame anyone who’s been in here for more than a few months for being extremely cynical about our prospects

read through your post history kelsbells... seems like you lost a fortune, and not only in Zen.... what you've written isn't really supported by the facts though is it.. what evidence do you have that the 5 million won't be repaid? also, why on earth would aaog get a new license? sorry to say but it does appear, with good reason perhaps, that you're very bitter about your loss here.. I'm now about 50% down btw..

Disappointingly but not unexpected I’m almost certain that the $5.3m is staying firmly in the snpc bank account now. Best we can hope for is revised license approval but that leaves us with no easy way of funding any work apart from the obvious and painful route of constant dilution at rock bottom prices. Or maybe in the ultimate African double bluff the snpc decide to give Aaog a new license in exchange for the £200k we gave them !!

yep £37.50 should really get the share price motoring

29-May-20 12:19:05 0.8333 4,500 Buy* 0.75 0.85 37.50 O

I think its quite funny how you go on about the so called derampers not having a clue what they are talking about and yet you go and post up a strap headline like ... 'buys coming through'

YRCNMIU although as we can see some peeps obviously do :-)

If you have prior evidence of deramping, paid/mindless, fair enough. Mistaking % fall for selling, with more shares in issue, is an error I've made more than once, and probably shall repeat. Gla.

Looks like some gradual buying

Lol orjones anything for them to deramp imo even though they haven’t a clue what they’re deramping about. The reasoning behind it I have no idea, I guess only thing to say is dyor.

Number of shares they hold is unchanged..

Mls do you only post false information these days?? Literally everything you write is bs..

Nope just effect of the placing shares.

We both know doesn’t mean anything just a formal rns.

4.59% > 3.72%

My buy was listed as a sell on Tuesday. Just nature of the markets wouldn’t read much into it.

anybody else think the 3m trade was actually a Buy??

in short NO

it was simply a TRADE where someone was buying from someone who was selling or if you prefer it the other way round it was someone selling to someone who was buying.

buy and sell flags are misleading and irrelevant in the grand scheme of things as it is simply an algorithm tagging any trade below the mid price as a sell and any trade above the mid price as a buy.

as a case in point I sold some shares earlier today in another stock and my trade was flagged as a buy (in both LSE and ADVFN) because the price I sold at was above the bid and ask mid point at time of execution so unless you are watching the trades in real time or are the executioner/owner of the trade then the flags are best ignored.

A question:

10.25am 2.5m trade @ 0.765p showing as a Sell
10.58am 3m trade @ 0.79p showing as a Sell

Does anybody else think the 3m trade was actually a Buy??

OK if they bought them at 0.45, but not if its a 3-4 year lth having paid 10p plus.

Think production may start in around 3-4 months. IMO by then we should be back up to 3-4p on my personal calculations. MG I’m interested to hear your thoughts.

Strong buy at these levels will have to get me some more shares. DYOR

Quite the sell !

dean had an options to buy and options to buy with a private party -not through a clearing house, zen stock at a predetermined price - the option expired out of the money - nothing happened. This was a disclosure of the expiration and shows that Dean is active behind the scenes in trying to obtain more stock at agreed prices.

SEA7 - Sorry, I meant to say, that is an interesting find on Dean Clark but I am not overly familiar with TSX filing requirements so I am not sure of the implications. I assume that Dean Clark is a 3-10% holder in Zenith and has had to report that he has sold/bought an option on 1,000,000 shares. However, I am unsure if he bought or sold the option or if the option was short or long.

Apologies for my ignorance on this matter. Would you mind clarifying for me?

clark, Dean Antony
Relationship as filed with regulators 3 - 10% Security Holder of Issuer
Transaction ID 3553916
Filing Date May 25, 2020
Transaction Date Apr 05, 2020
Security Type OTC Calls (including Private Options to Purchase)
Transaction Nature 73 - Expiration of third party derivative
Ownership Type Direct Ownership
Registered Holder
# or Value Acquired or Disposed of-1,000,000
Unit Price or Exercise Price$0.000

https://www.canadianinsider.com/ca-filing-details/3553916

Someone bought a few this afternoon

26-May-20 15:36:16 0.8424 400,000 Buy* 0.80 0.85 3,370 O
26-May-20 15:32:10 0.8322 400,000 Buy* 0.80 0.85 3,329 O
26-May-20 15:30:38 0.8322 250,000 Buy* 0.80 0.85 2,081 O

A word of caution. Do some PROPER reading on Zen. When they’ve released good news prior to raises. Watch all the videos up until recently when AC nigh on promised all going well in Az. Lots and lots of broken promises and as AJB say literally nothing delivered (just a lowering of the SP and fewer BOPD than when we started!)

Take it the right way but you appear a bit arrogant. That can hurt you big time in this game

I agree Ezhik no production within 2 months......however within the 6 months very likely. If that happens this current entry point would make anyone good money....my guess 4p by end of this year.

Im happy holding at these levels and will top up further if need be. DYOR