George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I folded some point last spring /summer Kettle and got £17k back. I still 100% believe that something very fishy happened with the fda , US is corrupt as any country out there
I had 550k shares worth nearly £250k on Feb 13th last year, at 8am on the 14th Feb they were worth £12.5k, Later that day I flew to Dubai on a family holiday and had to tell my wife ...I’ve had easier conversations
Why would anyone need to deramp here when the company have done that job superbly themselves , week after week month after month . Another week done with no confirmation from Congo .. I believe (and I hope I’m wrong) they’ll renew license but won’t hand over $5.3m , i mean why would they, as everyone likes to point out this is the covid era and things have changed + this is Africa , and unfortunately renewed license without cash will do nothing for the share price, just another asset with potential that will need to be funded from the magic money dilution tree
Let’s just see if they get the $5.3m, that is the thing that will shift the dial here. I’ll believe it when I see it( promises in Africa count for very little) then and only then will a corner be potentially turned..FYI in Congo it’s business as usual I.e very limited impact from c -19 currently and drilling and operations are still on going
If there’s one thing that’s guaranteed with zen is nothing but nothing is guaranteed. At the end of feb we were told they should be drilling at tilapia by the end of Apr. It’s now 2 weeks since this acquisition finally completed and still absolutely no sign that the $5.3m will be handed over or license renewed...my guess when news eventually comes is they’ll renew the license but they won’t hand over the cash, . dealing in Africa is notoriously difficult and no doubt even more tricky at times like these, and zen have a way of always taking one step forward and then 2 back thus ending up exactly where we are at present..50 steps back in delivering any value for shareholders
The bottom line here is it’s been 3 years of failure at every turn , the azer asset had incredible potential and is why everyone invested prior to jan this year. The marketing material even said the azer field had an Npv of $600m ! A lot of people have lost a lot of money here on numerous false dawns, from 12p down to 0.40p, so the newbies here whilst having the right to be as optimistic on future prospects as they desire, need to understand the cynicism of those who have been here since 2017... I will believe things may be are on the up if and when SNPC hand over the $5.3m, until then we’ve paid £200k for an asset that technically could be given to someone else in a couple of months. The other potential assets we haven’t completed on yet, as has been the case a couple of times previously.
Yes it hurts but I’m a big boy and make my own decisions knowing the risks and have to be accept it sometimes when things don’t go the way I want. Unlike some people here who need to calm down and be a bit more respectful
Listen pal I invested £ 400k here and didn’t ramp it for 3 years . I’ve lost £250k and haven’t come on here moaning whinging about my losses or deramping ...and if anyone was entitled to then boy it would be me!!! I’ve said this could still succeed and have just decided to sit and wait until a lot of things become clear
Sarge not one thing I’ve said could be considered a deramp by anyone sensible. In fact I’ve kept saying they may still succeed . People have had to take issue with you on a fairly regular basis for your negative emotional posting. GL to you though
I think every rns gives them an out to change direction within weeks if they want. It would be very difficult to tell market/investors up front a couple of months ago look azer has been a massive disappointment and the future of this business is now going to be focused on Italy, Congo and probably Norway. So the way you do it is go silent on azer, get your acquisitions in the bag then eventually tell people the reality by which point in their heart they know anyhow! .I still think they will drill a new well in azer but the focus to try and win big has changed to Congo , with Italy being the bread and butter