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Great, must watch interview with Andrea Cattaneo posted on Zenith’s website. Gives total confidence that we have won ICC2 and also sounds as though a possible settlement is on the cards but only after a win has (inevitably) been declared in ICC2.

A settlement would presumably incorporate all 3 cases and include payment terms so preventing the need for seizing their assets. Something fundamental has obviously changed as this was definitely not even a remote possibility when AC spoke at the presentation in Oslo in February.

Maybe the Tunisians have finally realised they are in for a bill of almost $1bn in total if they don’t settle.

If they don’t settle, it looks more inevitable than ever that they are going to lose each case and have to pay interest at 14% pa accruing monthly, on top.

https://youtu.be/YnFUGtlp6Eo?si=mjnWOKANX7jE1-9b

The decision in SMP/Congo was always expected 3ms from the end of the hearing on 14 March. No mystery about timing!

Bought £10k at current price - I agree!

This encouraging comment from Zak Mir Tuesday evening …

Mkango Resources (MKA) announced that its wholly-owned subsidiary, Lancaster Exploration Limited, has entered into a US$750,000 Note Purchase Agreement and an affiliate of the other sponsor of Crown PropTech Acquisitions, in connection with the previously announced (8 January 2025) proposed merger between Lancaster, certain other wholly-owned subsidiaries of Mkango, and CPTK. The Merger would create a vertically integrated global pure play rare earths platform that is intended to result in the ordinary shares of Lancaster being listed on NASDAQ.

Comment: MKA continues to finesse the latest stellar share price run with today's announcement. There is every reason for this to be a £100m market cap company by the end of the summer.

Let’s move on, people.

An exciting week ahead and hopefully others to follow over the summer. I’m expecting a stream of good news from AC.

SC,

Great reminder about the potential scale of this.

Put it together with ICC1 award, ICC2 impending positive decision, ICSID victory further down the line, and ZEN shares look compelling! Cheap at current price, not surprising about BritishBulldogs or any other alert.

As someone who is new to this stock, could please explain more.

Thanks

Just block the troll as I did weeks ago. Don’t need any of his idiocy.

Only important note of caution is that AC has said each special dividend will be issued as payment for each case is secured. So on the 3 cases against Tunisia, potentially 3 x special dividends but only as payment for each claim is secured. Winning the case is just the first stage in the process.

SC,

Can you please share your analysis for arriving at this number?

Thanks

And remember that we still haven’t had any real news yet. This rise is all in anticipation.

We will soon get confirmation of positive result for ICC2, then special dividend for ICC1, and somewhere in between, news of a positive result in Congo.

ZEN is flying!

Thanks Nordinvestor and SC.

A couple of things to add.

1. We went after $6.7m in ICC1 but were awarded $9.7m including interest at 14% pa but accruing monthly.

2. In ICC2 we were after circa $140m but will win closer to $200m.

3. AC has said publicly that he was always more confident about ICC2 than ICC1 and in an interview with Zak Mir went as far as he legally could in saying we had won ICC2.

4. The 3rd case against Tunisia, ICSID, is the biggest of the 3 cases by far and according to AC is a carbon copy of the first 2 cases. Added to the first 2 cases, the total award could get close to $1bn.

Conclusion?

ZEN is seriously undervalued and there are huge multiples coming soon. I’ve always said this is a no brainer and I remain strongly of that view. Just for the record, ZEN is by a long way my biggest holding of the 3 shares I’m current invested in.

Thanks Gallmat. I’ve still got a holding but now downsized. Good luck to you.

This is going to be a very long haul.

I’ve taken out most of my holding ant a loss and will invest where I know I can get multiples quickly. Just follow ZEN (Zenith Energy) and see.

Remember that AC has said consistently that ICC2 was a clearer, easier win than ICC1 and he made it as clear as he could after the second tribunal hearing that we had won.

This is a no brainer everyone, wake up and smell the roses. There are multiples coming here!

Feels pretty ridiculous to be so pedantic. Does it really matter when we are talking about the sort of multiples we are with ZEN? Come on, let’s live in the real world.

Spot on once again, SC. This is a no brainer investment and an easy win for anyone who has the sense and opportunity to invest.

Not ramping, just telling it like it is.

Zen a better investment now, with one win already and 2 more to come, ICC2 any day before mid summer.

Oh dear! Why so defensive? Surely each is entitled to their own view, as long as it’s on topic which Magicbeans clearly is, unlike some of the showboating comment on Telegram.

And you’re not the only one who has a lot of them. My whole family is banking on this baby growing rapidly lol