Member Info for Jungmana

Michael McNeilly, Chief Executive Officer of Metal Tiger, commented:

"We are deeply disappointed with the performance of Thor and have maintained our pro-rata holding in order to protect our investment. We see Thor management (excluding Mark Potter who was only recently appointed) as having failed to deliver on their targets and believe that it is essential that cost cutting measures are taken urgently in order to reduce Thor's ongoing administrative costs. We do believe there is investment value that can be realised from Thor and agree that drilling at Bonya could improve the viability of Molyhill and is therefore important. We also believe that management needs to actively start considering new strategic assets to help drive shareholder value and improve market sentiment."

Good assets but rubbish management. Assets valued at about GBP 12m versus market cap at 0.26p when placing is completes, GBP 2.7m

Must add Spreadex (who were selling ) will imo be out today on this volume. Could see 2p+ early next week.
Good luck all

Other than an R&D tax credit of c. GBP0.13 million, which is now expected to be received in early 2020 rather than in the current year, the Board believes that year-end cash will be in line with expectations due to significant improvements in working capital utilization.

Well Perforation Activities

The Company's geological team in Azerbaijan has identified a number of wells in the Muradkhanli oilfield in which perforations of selected untapped intervals are expected to generate additional oil production.

Zenith expects to begin performing the first perforation activities during the next ten days and will provide updates as the activities progress.

We were sitting about 3.8p before the PR disaster of initial expected flow rns.
If they had waited for the full flow test results to be achieved we would imo be at 5p+ by now on yesterday's rns.
Anyway an opportunity to add some cheap shares

In an intérview a few months back AC did state that on success of c37 will demonstrate to lenders the ability of the company to rapidly increase production from the fields.
ZEN has so many wells can 're enter or drill new ones and could now easily be producing 2000bopd by this time next year.
Another positive news today

And a 605k buy there too

Someone's been mopping up the sells today. The person bought 3 × 500k shares at 3.3p , 3.4p and 3.64p.
ZEN now deserves to be at 6p+

AC is confident that c30 will outperform c37.
A rise to 10p + by end of year imo as lots of news due.

"Further stimulation of the well, which may include swabbing operations as well as the performance of nitrogen stimulation, may further increase the rate of production. The Company will update the market in due course regarding these operations."

Market cap just under GBP 10m right now, oil reserves of 32mbbls, production now at about 540bopd and yearly revenue increase to about $10m. Next move into c30 and 4 more wells next year.
Deserves 6p+ on this news imo.

I think the last placing overhang is cleared. dont be surprised to see this back at 0.2p once the epo is confirmed (200%+ rise from here).

Just to show how far prem has fallen. When I sold out last year the company had about £17m market cap ( 7bn shares x 0.24p)
Today is at £5.5m market cap ( 11bn shares x 0.05p ) . Yes GR is still in charge but same assets and about to get a lot bigger.
Could be a good time to be in .

Looks like this weeks placing overhang is cleared. Should be fun next week with news expected by mid week

Often on AIM it is dogs like prem that make the most returns on investment. All you need is a bit of luck with time of entry.
This looks like a good entry point for at least 100% return short term.
Gla

George right now has no room to do a placing. He must be ****ed off that has to seek an egm to seek for authority to issue more shares.
Good news for holders

Spreadex selling should end hopefully by mid next week and we could see a quick move towards 4p .
This right now could be worth somewhere around 8 to 12p to a bidder ( hopefully Croda or Nouryon)

From network capital report prepared a few months back when share price was about 2.6p;

"We argue that the market values these types of companies relative to their addressable market size, rather than on a one-year or two-year forward revenue multiple. On this basis, we believe that the current valuation of Itaconix leaves significant upside."

Multiplier effect. ZEN could be producing 2000+ bopd by this time next year.
Huge reserves with 2 wells this year and up to 6 wells next year.