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Mgs you say the company’s performance is stellar since jan 2020, yet the share price is down 60% since jan 2020. Dread to think how far this will fall when the performance comes off these stellar performance levels !!
No I grasp the fact that a few people happen to be up here, what you seem to be incapable of grasping outside of your totally selfish it’s all about me bubble is that virtually everyone who ever invested here on all the dozens of false promises/dawns and outright porkies are down and down in a big way! We were told less than 18 months ago that our AZ asset alone should have us at 20p. What a load of waffle! The market knows it and it’s why it doesn’t believe anything that’s announced and the sp is where it is I.e 70% down from when they announced tilapia purchase.
Florida I can explain that phenomena through the current share price ipso facto market sentiment towards zen...they just don’t believe everything zen say in their rns’s . Too much previous where they’ve been at best economical with the truth in their rns’s and at worst flat out disingenuous! That behaviour carries a cost down the line as is being reflected in the share price now .
The zardab, jafarli and Muradkhanli licenses in azer will be the best and biggest licenses zen could ever get , they had an apparent npv of $800m. Even 18 months ago AC was saying the share price should be 20p just for having those licenses.. that is why the market is asleep to zen currrently. They’ve heard all the flannel before and plenty!!
On a wider point there is a reason these licenses are given away free or for peanuts all over the world to hundreds of wannabe micro oil and gas companies like zen, and that is because they are invariably bloody hard if not impossible to make a success of commercially ! if a deal seems to good to be true it means it probably is. Nobody gives you something for a lot less than it’s worth they sell it for what it’s worth or as close to as possible
Florida for someone who reads posts properly and constructs sensible arguments, for you to say in your last post that if you have patience to wait as long as it takes you will ALWAYS reap the rewards is complete nonsense and you know it...tell that to all the investors at Sirius minerals and thousands or other companies who promise the world and then destroy shareholder value...and definitely don’t think it’s impossible for it to happen to an inconsequential tiny 1 man company like this
Florida in your last post you say ..”On the one hand if you have patience and can wait no matter how long it takes you will always reap the reward”
For someone who at least reads posts properly and constructs decent arguments, to say if you have endless patience you ALWAYS reap the rewards is just complete and utter nonsense and you know it ....tell that to shareholders at sirius minerals and thousands of other companies who promise the world, destroy shareholder value and go pop ...and definitely don’t assume it’s impossible for it to happen to this tiny 1 man operation
A successful drilling operation to produce a decent amount of oil !!! For all the funds they’ve spent on drilling rigs and all the promises they’ve made on drilling, the sum of their drilling efforts is one failed well in 4/5 years , and the market have zero faith in their ability to succeed. Until they do that all these clever deals that always need to get another chain of bureaucracy to approve will count for very little in meaningful share price movement. This is the most significant reason the share price is down 60% since Jan last year. And no I think there is no chance a drill bit will hit the dirt in 2021 . Good luck
Pawnsacrifice so in your opinion what would AC and Zen have to deliver for Tom Winnifrith posts to become meaningless?
Tyb waste of time trying to have an adult discussion with you all you want to do is puff your feathers out and tell people how great you are!
Tyb why is it always how well you’ve done, when you bought in, how great you are . That’s for you and yours and good luck to you ...But believe it or no this board and this share is not all about you and how well you’ve done it’s a much broader 4/5 year question here and you haven’t got the empathy, selflessness or interest in looking at it, so the question remains
f AC has done such brilliant work and incredible deals over the last year, combined with a flying oil price then why is the share price a shocking 60% down from the 2.6p it hit in jan 2020 when the tilapia acquisition was approved?!
Nice to hear from you tyb...FYI even in Ponzi schemes people make money , just because you made money here doesn’t mean it’s an average, good or strong company to invest in., it just worked for you in the moment...The facts from the day it was listed tell the overall truth of matters. And if people want to say AC learnt from the past and changed direction then feel free to answer the question in my last post....
If AC has done such brilliant work and incredible deals over the last year, combined with a flying oil price then why is the share price a shocking 60% down from the 2.6p it hit in jan 2020 when the tilapia acquisition was approved?!
If AC has done such brilliant work and incredible deals over the last year, combined with a flying oil price then why is the share price a shocking 60% down from the 2.6p it hit in jan 2020 when the tilapia acquisition was approved?