Member Info for K3VMC

I’m happy for the sp so stay around the 6-9p range. As soon as they get any cash in from ICC1, the sp will react accordingly.

The hesitant investors amongst us will want to see hard cash being received. The resolution of the other two disputes is in little doubt, being from the same cause, but different actors.

I’m always willing to jump the gun.

I sold some AGL at 10.5p to buy ZEN this morning.

Looking at the increased volume of trades since then, I sold other stock to buy back here just under 12p, but more than I sold. My typical bad timing.

I’m not saying there is a leak of good news. Not that I know of, anyway. The timing seems right for it, though. Maybe everyone just has the same thoughts? 🤔

The 15:36 trade is my buy, not a sell, as shown.

I’m just selling my underperforming stocks and buying zen on the dips.

Keep taking profits!

:-))

Next target 6p, then 9p.

Happy with that, but I expect more when ICC-1 pays out.

I’m selling down other stocks and scaling into ZEN.

“ Or they will just stick to fingers up to this british company and ignore ruling”

They won’t stick two fingers up at anyone. That’s not how the International Chamber of Commerce works.

The first claim has been granted. The next two claims are based on the same principles. The only area for arbitration now, is the quantum of damages.

Very happy to increase at 5.3p today.

ScarletVixen

“ Which begs the question why will thus Muslim country pay up based on its history .it can’t be enforced”

Ah. I didn’t realise Muslims are exempt from international law. 🙄

Final Decision - Award

The Arbitral Tribunal has ordered ETAP to pay a principal amount of US$6,139,539, reflecting a revision in the price of Brent crude oil used as a basis of calculation, approximately US$2,700,000 late payment interest levied up to the day of the ICC-1 Arbitration decision, US$395,000 as reimbursement for procedural costs associated with the ICC-1 Arbitration, and US$450,000 in legal costs for a total amount of approximately US$9.7 million.

Interests in connection with late payment will continue to be levied until full recovery of the Award is made.

The ICC-1 Arbitration award, in accordance with article 35.6 of the applicable ICC Rules, is final and may not be appealed by the parties. It is immediately enforceable and capable of being granted execution by any competent court.

Looks like the ICC accepted the figures provided by Zein’s internationally acclaimed advisers.

$2.7m interest to date and the meter is still running. If the debtor pays promptly, to avoid yet more interest due, we may see a special dividend. That would sweeten the sp until the decision for ICC2.

That is expected in summer 2025. It has been suggested that summer 2025 is “many, many, many months away”. I’ve looked at next year’s calendar and I can confirm that the actual number of months involved is about six.

I’m not afraid of any risks. I’m extremely positive. I’m just saying Marcin was wrong. ..

Specifically, he thought Andrea may have used litigation finance. He hasn’t.

He thought the arbitration result would be at the end of 2025. It’s due February/ March 2025.

Andrea interviewed by Zak Mir.

https://zakstraderscafe.com/interview-andrea-cattaneo-ceo-zenith-energy/10423/

There is nothing wrong with considering amateur opinion on Zen, or any other company, but you shouldn’t rely solely on that, but diligently read as much information as possible, starting with all the RNS, plus peripheral comment.

For example, any investor that expects Andrea to settle for $130m would be advised to listen to Andrea describing his aggressive attitude and approach to receiving FULL settlement through the arbitration.

RIDER75

“ K3 I am not a native english, may have used a phrase incorrectly, wanted to say, he usually make a thoroughful research, besides posts some news or info we may not came across before.”

I have no problem with your competence in the English language and I am happy to accept your statement that Marvin is usually thorough in his research. I merely pointed out that his research on Zen, as quoted, is incorrect.

No point in a deep approach that’s wrong.

No idea who that guy is, but he doesn’t seem very clued up, to me.

There is no external funding for the cases.

The rulings will be made by March 2025.

Video.

https://x.com/edark94/status/1868949123023417624?s=46&t=VXaJYbI9-dxPJNxa29r-tA

A night time video of part of a scheelite outcrop at Pompeya, using portable UV lamps.

Just lamps were not available when the area was mined in the 1960s, 1970s, which is why the huge deposit has lain undiscovered until this year.

Going up.

KDNC bit off much more than it could chew with Amapá. It’s going nowhere, for now.

This deal, with its mega pathetic placing, is the one thing that will keep KDNC afloat, which is why KM grabbed it with both hands. These are fabulous projects. I know them.

Bens Creek

Bens Creek