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The price is 0.425 tyb.
Thats all the knowledge I need.
If only you had waited.
Ok then tyb, prove that it 'cost next to nothing' . And before you come back with the schoolchild analysis of the initial outlay for AAOG, that is not the total amount that has been spent on congo.
The truth is, only a select few know the exact figures for the total cost for congo but a significant part of the overall company expenditure is attributable to it because it was a major part of the strategy at the time. ZEN even had an office there. You never stopped wittering on about it virtually every day for 2 years so even you thought it was major..... in between demeaning comments about other investors of course.
So I do not need to know the exact figures to know it was a lot of money. To make an assessment I only need to know financial information that has been released and what the developments actively being pursued were......I can glean that from RNS. So, whatever you say, i am not wrong in stating it was a lot of money when all costs are taken into account. There is more to support my stance than IVS stance that it was little to no money and was to andreas detriment. absolute piffle! Compared to what we ended up with it was an infinite amount of money.
The price is 0.425 btw investing guru. If only you had waited. shame.
HaHaHaHa.
Im not wrong. I can read accounts.
The price is 0.425.
The directors are sitting pretty. Investors are all on losses.
....and the car wash just keeps on cleaning up.
Anyone who thinks tilapia cost little to no money is an idiot and is beyond help.
You said little to no money
you said it was to his own detriment.
prove it.
It was posted to Ivs = invest very smart.
I didnt say all the costs were on tilapia. I said included. As tilapia was a major area of concern, the percentage would not have been inconsequential.
Can you read?
Ok then, ivs, seeing as you are the one claiming that he put little or no money into it, tell me how much of the total WASNT spent on tilapia.
'at his own detriment'....wtf
Err no I havent.
Are you saying that those costs are not part of the overall cost of tilapia?
A politicians answer would be to hide them as you are trying to do.
Buy a delivery van for 10 k. sell it for 10k 10 years later. has it cost you zero?
No. insurance, tax, servicing, storage, drivers.They are all part of the cost of owning the van.
Tilapia has cost the company time and money and currently there is nothing to show for it for shareholders. The only ones who have benefitted are those who have received payment for ultimately producing nothing.
Regardless of the reasons, there is nothing to show for it.
The whole reason for this companies existence is O&G production and development. So where is it.?
When was he put in his current role 2009/10/11??
What the shareholders would like to know is what are the production figures in BOPD at the present time, today, after 12- 15 years of dealmaking.
The onus isnt on me. You are the one making the claim that everything related to tilapia was not at the company expense.
The first congo related rns was 23 Dec 2019 which was forced due to media speculation; so its being going on from before that date
RNS dated 12th march 2020 stated.
'As announced to the market, Zenith has centred its strategic focus on pursuing large-scale, revenue generating oil production and development opportunities in Africa.'
Therefore, all financing and admin costs at that time included an element related to tilapia as it was one of (if not the main) area of focus.
Last RNS on tilapia was 17 Feb 2023 .....and its still ongoing due to legal proceedings.
Lets just consider 1 year within that period say 21/22
CAD $15.6M raised.
Admin expenses CAD$12.5M
Employee costs(including in point noire, congo) CAD$8.9M
Directors remuneration CAD $872K of which andrea got 360K wages, 200K bonus and 43K health insurance.
80 m options granted to directors of which 41 m went to andrea.
There is more obviously, I havent included cost of finance for example.
All of the above included costs /dilution associated with tilapia which was a major area of focus in that period.
That is one year......do you want me to go on.
Please now show me the figures to back up your claim that it was 'at his own detriment' and 'he put little to no money into it'.
IMO andrea was very careful how he expressed his disappointment at the outcome of tilapia because zen were still in congo as there were other potential opportunities. So what are all the positive spinners going to say if any of these other opportunities are back on the table? Or what are you going to say if it transpires that we are no longer producing in tunisia? good riddance and benin is the big one? and when that fails, phew what a lucky escape, yemen is the big one? and when that fails there is always oklahoma.
what a musical that was.
'i caint say no' , 'many a new day' and 'its a scandal its a outrage' all spring to mind.
Not at the companies expense?
So are you saying all the costs associated with aaog purchase including due diligence and negotiations, sourcing and negotiating drilling rigs, fundraisings , dealings with government etc all came out of his own pocket?
Tilapia was a disappointment . andrea put a lot of effort , time and expense into that deal. no amount of positive spin can hide that it was disappointment.
TYB = Wrong.
HH - 'latest' does not equal 'current'.
Thanks for posting info that we can all read in company reports tho ......amazing research!!
The same report stated:
'During the six months ended September 30, 2022, the Company produced 90,591 barrels of oil from its Tunisian assets (2021 - 94,662 barrels)'
So production was slightly down??? odd???I thought the story we were sold was that the company was going to develop and increase production from existing assets??
Why did you not post that section btw. ?
In the same report luca specifically mentioned income from italian electricity sales being the stand out result for the period . That will be down this year too.
Andrea is a salesman, just like you.
In his latest RNS he says that dealmaking is 'one of our strengths' . I do not doubt his dealmaking ability but what are the other strengths? As time ticks by without increasing production figures they are proving that dealmaking is their ONLY strength, and by his own admission even that is proviing difficult in Africa.
Tell me the current production figures net to zen.
Hilarious rpg. so stating that production increases are disappointing when they are is having an 'agenda' but talking up the company when the share price is exactly where it was when tyb bought in after all his 'diligence ' etc isnt having an agenda. give me a break.
But you havent made money tyb.
should have kept your enormous ego megaphone mouth shut about your purchases.
the price is 0.45 btw.
Everyone is entitled to an opinion.
sorry you dont think so narcissus
Out of hibernation spiky!!!
same yawn worthy rhetoric I see. Any one posting anything less than a zen fanfare is a troll.
price is 0.45 btw. please tell us the current production figures fleafest.
Its a smoke screen to take the scrutiny away from the faiure to close deals in africa.
There were so many caveats and provisos in that rns.
Andrea has found a willing participant in his ruse in georgie porgie. I wouldnt trust him at all, not after the stunts he and bill kelleher pulled with new world oil and gas, one of the biggest jokes in o&g history.
Who claims that ZEN are a O&G production company? I will give you a clue - read the bottom of todays RNS. So where is it? Where are the current production figures for tunisia? If todays RNS is price sensitive then surely production figures are?
Who decided to go into azer? Who decided to go into Africa?
Stop the waffle andrea......deliver bopd.
Until you do that you have FAILED!!!!