Member Info for CanaryInTheMine

No we didn't mls otherwise the 52 week low would read 0.60 and it doesn't, it reads 0.70. You can see it here https://www.lse.co.uk/SharePrice.asp?shareprice=ZEN&share=Zenith-Energy

You don't have a great track record on predictions mls.

mls678
Posted in: ZEN
Posts: 881
Price: 0.725
No Opinion

RE: Down Again07 Jul 2022 11:41
Looks like a big sell just gone through at 0.7p
0.6p soon ? (Tin hat now on for impending attack for not being super bullish!!!!)

The share price keeps going up which tells you all you need to know about buys vs sells.

One buy of 2 million and two buys of 1 million. It really does feel like somethign is starting to happen with Zenith now.

There are no leaks in my opinion. As I posted earlier the company has stated in an RNS that there is going to be news before the conference call and we already know that the annual report will be spectacular. This rise is just investors taking their position before this news arrives. The rises only happened after the RNS so the rise is clearly in response to that announcement.

In my opinion there is definitely some significant news that will be announced before the investors conference call.

FIRST – THE ANNUAL ACCOUNTS
We know for a fact that the annual report will be out before the conference call as it is required to be issued by Aug 31st at the latest. We also know for a fact that the annual report will show a greater income than the company has ever had before as we know that this time period includes a year’s worth of production from Tunisia including the sale of $4.5 million worth of oil in July 2021.

Although the next sales of oil were not actually completed until after the accounting period ended, they will definitely be booked into the accounts on an accrual basis and so I would expect to see anywhere between $12-15 million worth of revenue booked in for this period. In addition to this we also have the Italian gas revenue. The company has released RNS announcements showing over 1 million of net profit but this was only for 5 out of the 12 months so I would fully expect this to round out at approx. €2 million for the whole period. Therefor I would assume that we will show revenue of between USD$14-17 million for this annual report. With the total administrative expenses expected to be approx. UD$10 million (based on the half yearly) then we should actually show a company profit of somewhere between $4-7 million before any accountancy BS such as depreciation etc is added.

I would regard the company showing the first real profitability of its existence as a huge milestone for both Zenith and its investors and it would certainly be considered “real and material” since the figures would all have to have been approved by independent auditors.

SECONDLY – ADDITIONAL NEWS
I am personally convinced that there will also be additional news before the conference call that is unconnected with the annual report. The reason for this is that the company announced that: “The Investor Call will now be held on September 8, 2022, at 10:00 AM BST/11:00 AM CEST via teleconference due to potential near-term progress, including publication of the Company's audited annual financial results for the year ended March 31, 2022.”

Firstly, if they did not expect additional news other than the annual report then why would they add the bit about “near-term progress” and secondly, they would not have needed to delay as long as September 8th.

My supposition is that this additional news will either be that we are about to sign off on Tilapia or that we are about to acquire another asset. Either news, on top of the announcement of the suspected record-breaking annual report should be enough to propel the share price to new highs.

We shall find out in the next two weeks, but the market is already reacting very positively to the possibility of major news both in London and Oslo and it is a very exciting time to be a Zenith shareholder.

The ask is 1p but from a charting point of view the whole share price would be stronger if the bid was 1p+ then 1p becomes the support and not the resistance.

Tilapia is obviously the big price booster that we are all waiting for and as cjgoldsmith says below it will send the share price soaring when the license is granted and then even higher when the oil starts flowing. I think that 5k bopd is too high a target though, I would be happy with 2k.

The investor call has just been delayed for two weeks due to potential near-term news. Does this mean that Tilapia is finally going to happen? That would be perfect. But even if it is not this it must be somethign significant for them to delay the call. Hopefully we have lots to discuss between now and the 8th.

mls678 you keep saying that "meaningful news is needed soon" but whenever I ask you specifically what you think that "meaningful news" would be you never answer the question. I always answer the many questions that you put up, why will you not answer this very simple one?

They were published on the 31st August last year so I expect them next month not next week.

If the stock market were perfect and all companies were always valued at exactly the correct price all of the time then there would be no opportunity to make money. The value opportunity always exists in companies that are under-valued currently but have solid fundamentals and significant news on the horizon. Zenith is a perfect example of this, unless you do not agree that Zenith has solid fundamentals and news expected with significant company-changing potential?

The other great form of PR is the generation of cash revenue from existing assets. This is something that most small oil companies do not do and is yet another area in which Zenith is excelling. They keep us constantly up to date with the production from Italy which now generate a profit of over 3.5 million euros per year and they also keep us up to date with the Tunisian production which has generated $11 million in cash this year. We know that the company not only covers its overheads but makes a significant profit. As Hedgehog points out, they also host regular conference calls where investors can ask the CEO any question that they want. What other company does that? What other PR do you want?

Mls678 – everyone is discussing the stock except you. You refuse to engage in debate and will not discuss the stock. All you do is come on and post incessant negative comments with no factual evidence to back them up. This is the only reason that anybody is interested in you. You are perfectly entitled to have negative opinions, but you have to be able to back them up otherwise it is hard to see you as anything other than a deliberate troll. Also, nobody is bullying you, in fact you are bullying others by telling them to “keep discussions to this stock please” whenever they ask any questions or say anything that you disagree with. It is very unpleasant and suspicious behaviour. Why do you refuse to answer any questions about what specific news that you think would send the share price in a positive direction?

Or you could focus on the 166 million shares traded in Oslo in June 2022. It all depends on what your agenda is really. By the way, you still never answered my question from the other day when I asked you as a “long term investor” specifically what news you would like to hear from Zenith in order to move the share price up. Would you care to answer now?

Takeyourbets, no I have not had any response to the last three questions I have asked him. As Hedgehog has pointed out as well, his posts on the board today appear have been both negative and deliberately misleading He also always disappears rather than stick around and debate of justify his bearish outlook before popping up a few days later with another negative post and then refusing to engage again. . I am starting to get quite suspicious of his motives tbh and I am sure I am not the only one.

Nigeria is potentially a great place to own an oil asset and OML141 is potentially a great asset. However, it is a total mess with the ongoing legal case and until that is resolved we are right to completely ignore it. By the time it is resolved I hope we will have acquired at least one brand new asset plus Tilapia and we will have no interest in OML141.

I know I put a question mark at the ned of my last sentence, but I think that their statement that "The information discussed during the Investor Call will be restricted to publicly available information already communicated to the market by means of regulatory news prior to the date of the Investor Call." makes it pretty clear that they will be announcing news before the investor call. They also state that they will be releasing a new presentation. News is definitely imminent.

"The information discussed during the Investor Call will be restricted to publicly available information already communicated to the market by means of regulatory news prior to the date of the Investor Call." Does this mean that we might have some interesting news imminent?

Why is it worth highlighting that?