Member Info for CanaryInTheMine

Good spot Kay, I had missed that. The longstop date is the date at which the Share Purchase Agreement between Zenith Netherlands and OMV ceases to be valid. Basically, if the deal is not done by then both parties go their separate ways and Zenith Netherlands get the $4 million deposit back. Obviously, it is in the interest of both parties to complete the deal as quickly as possible so it does not mean it will take 9 months but it does mean that after 9 months the deal is void.

Where is there any reference by the company to this taking 9 months to complete? Is this timescale official or just made up? I have not seen anything mentioning 9 months from Zenith, though I am happy to be corrected if I have missed anything.

Its pretty simple Kels, $4 million has already been paid leaving $17 million left. In pounds this is £14 million and at least half of it is being paid by the Hong Kong shareholder. This leaves a maximum of £7 million to be paid by Zenith which is only one third of the market cap and can easily be paid out of the Tunisian oil and Italian gas profits which are about $17 million per year.

At first glance this looks like it is a much much bigger asset than Tilapia. Major play in process.

flashgarden, please stop sharing personal information. Nobody cares if you are male or female or how much money you have spent on Zenith shares this year. You have already told this boards that you have 'Been in zen for years' in an attempt to imply that you know more than the rest of us so please answer the one question that you have been asked: what year did you first invest in Zenith?

I think it would be helpful for everyone on this board to share when they first invested in Zenith so we get a clearer idea of the spectrum of investors we have here. There is no need for any personal information such as how many shares you hold but feel free to share the price that you bought in at if you wish. I'll start us off

I first bought into Zenith in July 2020 at 0.825p I have increased my holding on many occasions since then and my average is currently 0.945p

Don't get defensive flashgarden. It was a perfectly civil question and you were quite happy to overshare and tell us you had recently invested £10k in the middle of this year when nobody asked you that nor cares whether you really did or not. You have also told us that you have 'Been in zen for years' so please say exactly how many years. As an old hand here, why on earth would this be something that you would wish to hide?

Thanks for the response flashgarden but 'Been in zen for years. ...still am' does not answer the question I asked. What year did you first invest in Zenith roughly?

This is a question for Ezhik, mls678, flashgarden, mudstud and sparmada. You have all been very keen to tell us that you are shareholder in Zenith but you are always posting negatively about the company. So here is a simple question for each of you.

When did you first invest in Zenith?

What a terrible analogy flashgarden. A more accurate one would be that you were the assistant manager of a company producing sprigotts. Because there was currently a worldwide glut of sprigotts and therefore the company was only making a small amount of money from manufacturing you advised your boss to close the factor. However, being much more clear sighted than you your boss realised that there would always be a demand for sprigotts and the market would likely bounce back. He ignored your advice. Suddenly there was a worldwide shortage of sprigotts and the company was able to charge much more for them than they did previously – that makes your boss a clear-sighted leader who made the right choice not just a lucky victim of circumstance.

Hopefully we get the acquisition of the new assets, the Italian developments and Rob-3. News on the new acquisitions must come soon.

So contrary to what all of the trolls have been saying for the last few days Zenith are progressing their Italian assets substantially. Very exciting and if they bring them all online as planned we are looking at another 4-5 million euros per year once this is completed. Onward and upwards for Zenith.

What kind of an idiot thinks that 8 days is enough time to conclude the acquisition of a major oil-field? If you are an actual investor rather than just a deramper then all you need to do is be patient. The company are currently working on between 3-4 different acquisitions and we just have to wait for one of them to come it. To put random timescales on thing s such as saying 8 days mean it has failed is clearly just the behaviour of a troll.

Jenkoo - what do you think is going to happen? Ghana or Bolivia? I'd love both but I think that lithium is a very sexy market at the moment so if there is only one then I hope it is that.

Everything is in place but as PAULDEANO and Takeyourbets have said we are going to need news on one of the big assets we are looking at to come in for the share price to fly. We have three in the pipeline though so it is only a matter of time.

The Italian assets continue to deliver cash. When the prices spike again as winter kicks in the amount should increase again. We must already be making about 5 million euros per year out of this though.

We've already got Benin as somewhere else.

Now the news is starting to flow. The share-price rerate is beginning.

Quiet day today but still £12k worth of shares purchased. With Tilapia news apparently imminent then Takeyourbets may well get his 2p sooner rather than later.

0.6Xp isn't 0.60p
In your post from July 7th you claimed it would drop to 0.6p not 0.6xp. But the 52 week low is 0.7p not 0.6xp anyway. Stop making things up, anybody can read the data from the stock exchange and see that your post today where you claimed in your post today of 15.01 is untrue.