RE: about time she made this hers...3 Jun 2019 19:19
What could have happened was she sold the entire 16m to a broker . The broker has been selling at good profit over the last 3 weeks by drip feeding and once finished then the trade is published.
Tomorrow will be a good day here.
RE: about time she made this hers...3 Jun 2019 19:11
That's the last of Claire's holding.
She is out.
16, 521 596 + 5,0000, 000 sold a few weeks back gets exactly her total holding of 21, 521,596.
See rns of 4th February
I agree with you there. I have about 1.4m shares all bought in last 4 weeks. Also have i3e but high average of about 60p.
Imo this should start moving from tomorrow .
The top drive will be on site this weekend and will take 2 days maximum to set up. Then full rig test will be another 2 or 3 days.
Expect drill to start before AGM . Also Cattaneo said in a recent interview that drilling will start early June and results expected in June too.
Zen right now is undervalued based on 270bopd production and reserves of 31Mmbbls.
So whatever happens with the upcoming drill a market cap of about GBP 10m 3p share price) right now is something to fall back on in the worst case scenario.
But imo likely to be a successful drill and achieve 500+ bopd . Then 15p will be here.
Another 3 weeks max to drill starting imo.
I think our market cap is a bit high considering the the revenue we generate. Though we growing fast but right now compared to the likes of wey, TOOP, itx and many others our market cap is a bit high basèd on revenue and losses.
Long term a good growth company.
Is a hold for me
There is a huge opportunity here at today's prices but some will miss it .
Zen is about to embark on an exciting phase and good results on this well should see us pass 10p with ease.
The CEO and Anthony Clark ( a very savvy investor ) are both loading up.
The rig is " not missing specific parts" . The engineers recommended this new equipment to optimise performance of the drilling rig..
The decision was made after further technical evaluation according to the rns
Maestro let's say 3 to 5 weeks from now. So not long in grand scheme of things. I expect this to be nearer 6p by that time.
In mean time investors buying in big at this low prices .
2 weeks max to get the equipment as stated in the rns. Takes 1 or 2 days to fix and then rig test another day or 2.
So drill could actually commence by end of May. If not then early June.