Member Info for kelsbells

We now have 900% more shares in circulation than we did when we started 3.5 years ago, when we were told constantly that dilution would be minimal. The reason we’ve raised less volume to others is because we’ve had to raise in a constant lower spiral which is the worst of all worlds as you dilute by a meaningful % each time with a less meaningful volume coming in which means you have to do it again quicker to keep the whole game rolling on. It was obvious in January how important the 5.3m from snpc would be to having any chance of doing anything operationally in the next year, and I believe it’s now clear that we’re extremely unlikely to receive that money. And it stands this morning we’ve paid £200k for a license that expires in a month

Yes comes as absolutely no surprise to anyone who knows the continual failure, continual delays , continual raise modus operandi here. Still diddly squat from Congo, and that silence nearly always means bad news with zen..I mean if good news was coming out of Congo (license snpc funds) in the next couple of weeks they wouldn’t be raising now would they

Orjones I wasn’t being serious about the Aaog getting a license it was an ironic observation of zens ability to snatch defeat from the jaws of victory . I would be genuinely interested to know why you believe (particularly in this covid era) the snpc would hand over $5.3m to zen ?
Yes I’ve lost a lot of money in 2 shares zen being one. I’m not bitter as I knew the risks before I took them and I’m fortunate enough to be able to absorb the losses. However you can’t really blame anyone who’s been in here for more than a few months for being extremely cynical about our prospects

Disappointingly but not unexpected I’m almost certain that the $5.3m is staying firmly in the snpc bank account now. Best we can hope for is revised license approval but that leaves us with no easy way of funding any work apart from the obvious and painful route of constant dilution at rock bottom prices. Or maybe in the ultimate African double bluff the snpc decide to give Aaog a new license in exchange for the £200k we gave them !!

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

Speaks a Johnnie come lately who hasn’t put up with 3 years of constant failure and 100% record of missed deadlines.

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.

They’re still going to drill exploration wells in azer just no more rehabilitations

Don’t you worry bungle I’ve been in other places for 3 years suffering a tremendous amount of pain!

8 red days in a row since I bought in here must be closing in on some sort of unwanted record!

Nothing intriguing kam I’ve met ezhik previously and just wanted to have a chat . Keep the faith I’m still hopeful of making some money back here at some point in time

sent you an email ezhik

Apparently you have to check your notifications/mentions using the bell icon

I’m not ezhik but someone I know is going to get in touch in a few mins

Is there a way I can contact you?

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