Member Info for CanaryInTheMine

Boom! The trolls on here wanted news and here is some news. Another $500k per year coming into Zenith by October. Ok, its not a big enough deal to move the share price on its own but it is more profit coming in that will allow us to acquire and develop more assets. Bigger money to be generated from Italy in the future too.

Thanks MG a nice summary. However, you have missed off the point that the revenue coming on from Tunisia and Italy is going to be used to acquire more assets and develop more wells in assets that we already own. The development of the assets will lead to a greater income stream which can be used to develop further and acquire even more assets. In the short term the share price may decline until news comes out but this only matters to traders not investors. The moment the company acquires Tilapia or any other new asset of significant size then the share price is going to moon and we know from the company that this is what they are trying to do.

You posted the other day “who cares about me. Let’s debate this share. Ta” but whenever I try to debate the share with you and ask your opinions on it then you ignore them. I have no interest in your personal investment decisions as from what I have seen of your posts so far, they will be ill-informed and with nothing of any substance behind then. However, I am happy to be proved wrong. You were the one who wanted to debate the share and yet so far you have seemed completely incapable of doing so. In fact, you seem not to want to debate but just to troll. I’ll ask you again:

You said on Friday that you believe that the only reason to buy into Zenith, as you have done again today, is that the company might get Tilapia. Is that correct? Can you see no other positives?

You didn't answer it. You answered the first question about positives with one word TIlapia and then I asked you a follow up question which you have ignored. Here it is for the third time. A yes/no answer will do.

You said on Friday that you believe that the only reason to buy into Zenith, as you have done again today, is that the company might get Tilapia. Is that correct? Can you see no other positives?

mls678, I am starting to think that you are avoiding answering my question. You said on Friday that you believe that the only reason to buy into Zenith, as you have done again today, is that the company might get Tilapia. Is that correct? Can you see no other positives?

So mls678, from what you have said so far, you believe that the only reason to buy into Zenith, as you have done again today, is that the company might get Tilapia. Is that correct? Can you see no other positives?

mls678, if I have understood your last post correctly then you have just purchased 100k more shares in Zenith so you presumably must see some positives in the company despite your negative posting. Would you mind answering my question and saying what positives, or negatives, that you do see in Zenith? Thanks, Canary.

What positives do you see for Zenith going forwards?

The company is making between £11-13 million worth of net income each year based on production from it’s Tunisian assets and it’s Italian gas assets and the current market cap is only £14 million. Think about that. This is a massive buying opportunity.

Why the negativity? The company have just banked $11+ million from oil sales from Tunisia and will make $12-15 million from the same over the next year. They will make $3 million out of Italian gas sales and they still have Tilapia to come. It all looks good to me. A low share price is just another buying opportunity.

Investverysmart is right, Zenith is well positioned with the revenue that comes in from Tunisia to take on and develop so higher risk, higher reward exploration projects and it is these that will make the share price fly. Obviously Tilapia is the big one and it is annoying that it is taking so long, but I would rather be invested in Zenith who have an income stream that somewhere like Clontarf where it was all red or black on a single drill.

Those who bought at IPO would have made money but didn’t because Azerbaijan didn’t work. It was a massively high risk undertaking and as has been point out on here before it was foolish of AC to put all of the company’s eggs in one basket. Foolish also for investors to invest in a company that only had a single base of revenue in such a dodgy part of the world, but I guess greed took over everyone. The most foolish thing that you have said though is that “AC promised 20p”. That was clearly if Azerbaijan worked and it didn’t. Lucky the company did not go bust.

WE have either received $6.4 million already or will be receiving it any day now. I would not expect an RNS confirming it as we have already been told it will be received. The only reason we need to panic is if we reach the end of the month and we receive an RNS saying that it has not been received.

Looking good. The bit of that announcement that stands out for me is the fact that the warrants are priced at more than twice the current share price and the fact that they have specifically stated that the loan is for development on the Congo. This makes me think that we can expect Congo news soon and the money will be used for signing fees for more thawill be for more than just Tilapia. Negatives are the fact that the revenue from Italy has gone down a little bit and that we have taken another loan at all when, as others have said, we could have used the money from the Tunisian oil sales. However, we do have drilling expenses coming up in Tunisia for Rob-3 and the Ezaaouia drills so I expect that the Tunisian money will probably be used for that. We are expecting another $5 million from Tunisia in June I believe so hopefully that will be able to be used to pay for drills on the new Congolese asssets.

mls, I did not make a personal attack on you. I merely pointed out that for somebody who says that he is invested in Zenith, I am surprised that you only ever make negative comments on the company. I then asked you a question which was "what positives do you see about Zenith and your investment?" You have not made any effort to reply to the question so far. Do you have an objection to answering?

You say that you are invested in Zenith but you only seem to post negative comments about the company. So to turn that around, what positives do you see about Zenith and your investment?

Apologies mls. I have now read the rns and the repayments are monthly., so I agree that your statement today was correct about the monthly repayments and it was only yesterdays that was wrong.

mls, you claimed yesterday that Zenith already had the money to pay the loan off in cash now. This was incorrect and a product of your poor research, which I pointed out. In your latest post, you have now said that the company are paying monthly, but I do not see any mention of this in the RNS. Can you point to anywhere in any RNS that it says about monthly payments or is this just something that you have made up again like your incorrect statement yesterday?

You seem to have a regular habit of accidentally carrying out poor research and then publishing it on this forum as fact. I am sure that you are trying your hardest, but if you could refrain from posting opinions without evidence as it is embarrassing for the rest of us to constantly have to correct you.

Mls, you appear to have read the April RNS erroneously and missed the paragraph that said “Total receivables from the sale are expected to be approximately US$6.4 million and are to be paid during the month of May 2022.”. Clearly the company will not receive the payment for 30 days and will not be able to spend this money until they receive it, despite your suggestion to the contrary. Please ensure that you have researched your fact correctly before you post in future.