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Can't get anymore below 10p. Cheapest offer I can get now is 10.4p
Managed to get some more below 10p Happy days!
Cheapest I could get this morning was 10,2. Got 25,000
I like you analysis sch1, if I see it below 10p this week I will buy.
I have it as assets just over 150m and liabilities just under 50m, not a big believer in formulas but if use NCAVPS - 150-50= 100m / 141000000 shares gives us value of 70p per share
Forgot to Add ZOL has less debt than it had at 1.70 as well
Phoebus please explain where you have the minus 60k net current asset position from?
Totally agree Indolent, obviously a couple of wells haven�t gone to plan and they are waiting on some seismic data on how to improve production, however Zol has gone through a massive drop in o&g prices and hasn�t incurred any real losses and have made some cost cutting measures to counter this. they have vertualy the same cash in bank and production levels around about the same time as when the share price was �1.70.
Zoltav is one of the very few oil/gas companies on AIM that is profitable. It has significant resources. When funding has been required, it has been put up by its two major shareholders (one of which is Abramovich's son). Oil prices are rising. Beyond the gas production (which is generating a profit for the company), Zoltav has substantial oil assets in Western Siberia. I wouldn't be surprised to see a joint venture for the oil assets announced soon. My opinion, of course.
I can't see one. Delays and produciton forecast reductions as per last RNS. Operations barely profitable before that at half year when net current asset position was already minus �60K. Not looking good really.
Anybody has a justification for the sharp rise in SP?
joke
A pump and dump in progress it seems !
I see there's a new Market Maker dealing in Zol which can't be a bad sign? Crazy thing is lots of sales today and the price goes up!
If someone keeps dumping 90k clips it will get lower, completely bonkers and watching closely,...GL S
Unfortunately with the news that revenues and profit will decline next year and no good news on the horizon this was always going to be a slow motion car crash. I just hope they have some good news to come. On a positive note though the share price can't get much lower!
This is embarrassing to watch.
Now that wasn�t the update I was hoping for, could be one for the back of the draw, just when things were improving in the o&g world, still hopeful for the long term
Update of the suspension of all further drilling and reduced flow for 2018 for the Bortovoy field is not the kind of update I was looking for but hey, you win some you lose some. Let's just hope for positive news about the North Mokrousovskoye field when they finish the survey in March.
I think maybe you have sold out at a loss, ever heard of the term buy low sell high? Our current assets valued @ 9.5billion rub= $166m , liabilities 2.5billion rub= $43m values us at $123m - current Mcap $19m that is over 6 times lower than true value, I for one know Aim is a risk however calculated risk i.e. Buying undervalued stocks not selling undervalued stocks is the way forward. Nothing is guaranteed but each to their own
Mmm, I have read the report thanks, think u may be getting consolidated financial report and consolidation mixed up they are referring to the fact they have condensed the report not consolidation that screws investors over
Read the report ,and more than that they do not communicate with there share holders ,you have summed it up , It's in there hands ,they hold all the cards .GTFO and move on .
Don't know of many others in Aim making profit, this company has never done a placing at a reduced price as hasnt needed to because they have cash in bank plus would only hurt the main shareholder (Abramovich jnr) as his holding would be diluted i agree Russia is a little volatile place to do business but in the grand scheme of things zol has been through oil prices in the $20barrells and ruble at all time low, personally think this is a well run company just not bothered about hype and pump and dumps this will come good if oil and ruble hold up and both gain strength
I don't think they care to much about the market, 95% held by a handful of Russians with no interest in the current price, they are only interested in the company making good money, share price will look after itself if we start making big profits. With regards to the loan we inherited this with our acquisition of dial alliance(our producing licence) this was $50m now down to 30m and reducing at $5m per year, this will turn into profit once repaid. Not sure where consolidation was mentioned?
The market does does not like this ,the company did not update any news regarding there pipe line issues and split / water problems ect which they should have ,also to many caviates written in to this report regarding loans and consolidation,I see this dropping big before any news next year ,and as for lea with her constant updates ,it's a joke . I would still well clear !