Gold $4035 profits for next year with 60,000 oz gold and ASIC of $1700,,, nett profit before tax will be $130 million... that about £100 million or a P/E of 2...2! how has this not moved to £4.....
The buy back programme is a scam.. there has been no reduction in the number of shares over the last 3 years... all they have done is give those bought back shares to the management for free who then sell in dips into the market .. its a tax efficient salary for them at the expense of the shareholders.
Big question is, how is the water levels now we are into the dry season. when will the work overs be complete. with all the divis and cashf low the share price has gone no where in the last 3 years. The level of management shares as an incentive is disproportionate to the performance of the share price.. what are the criteria for those bonuses. we need them linked ONLY to the share price performance.
When Sproule did the last CPR...ZEPH share price was 6p WTI was $102 per barrel...... so it was a profitable proposition to get it out of the ground... its now at $61, the resource is measured at 93 times bigger, but at $61 per barrel is it profitable to get it our of the ground.??? the market tends to think not..
All very good .. but the only thing that counts is getting the oil out of the ground and generating revenue, the rest is window dressing and word salad
RE: Operational Update - continued2 Oct 2025 11:01
I have serious concerns about the on going issues with ONYX, its about the biggest portion of the portfolio and seems to have one issue after another and the idea of selling it at the moment is not likely. they state that it will perform under budget for this year. that will be a second year of disappointment. Its holding SEIT back. thee sale although good business is hardly going to set the share price alight