Member Info for Magoo79

Good video, JB may not be the most trustworthy executive out there but he knows his stuff.

By the way, what happened to the GCAT telegram chat?

While i am not too happy with the dilution, the move makes sense. There is no 100% guarantee that ZEN will win all the remaining arbitration cases and raising capital now is certainly more convenient than it was a few months ago or that it would be in case of an adverse outcome of the arbitrations. Cattaneo is simply hedging his bets by bulding up an alternative source of income. Those assets will go into production soon and the cash flow will be more than enough to sustain the baseline costs of running the business and also prove that the company is a credible producer of solar energy.

Hopefully in a year we'll all be richer, having cashed the proceeds of the arbitration and owning a small and profitable solar energy company. If part of the arbitration income is put to good use to generate additional income it's only a good thing..

Hi Burberry

how much gold are we currently producing? and how much are we projected to produce in the next couple of years.

there you go

Sold some at 16.15p, with 116% profit. If it retraces a bit I'll buy back.

Very confident about the arbitration case

FN second tranche should also be announced any time. Althogh they may wait until they are down to the last penny, as usual.

I was hoping for a change of pace and better communication, seems like I was wrong.

I don't. I wrote final hearing, not ruling. A bit risky trying to guess when the actual ruling comes out!

@rider, correct, I think the article makes a wrong assumption. True also that in case of victory at ICC2 increases the probability of the third and final case.

I'm here for the full process to roll out only because I have a relatively small position compared to other shares I own but it would not be a bad strategy to ride these shares for a few months and sell just before a significant milestone (e.g. SOC submission or final hearing). It's a low risk / high gain strategy that can pay well if you monitor a broad portfolio of companies at different stages of arbitration. I may top up on Tuesday!

Just to remind you all that ZEN is seeking $9M compensation from their rig contractor in Congo at the Paris Commercial Court. Final pleadings on the 30th of May, with decision to follow in June/July. Not a huge amount but, if you add interests, it's going to be easily over $10M

@geng let me know when we get to 10p. In the meantime you go to list of filtered posters. Good luck

We are looking at about 2 years but with several milestones along the way and a concrete possibility of out of court settlement.

No dilution foreseen as the company is fully funded for the next 3-4 years..

Potential monetisation of the west african assets.

Happy to wait and eventually derisk after the final hearing

@cyber yes, I didn't express myself well, the SOC does take into account the current pricing environment. The VSA estimate did not take into account the actual SOC amount, they probably used a much lower figure (500-1000M)

POG would be factored into the west African assets though

@caterham the VSA valuation was calculated before the SOC, under the assumption of a lower amount. The price of gold was also lower, so we are going to see an updated valuation, probably 50-60p or higher.

The truth is that, if we set aside a conservative 5p for the west african assets, this is a pure arbitration play. The GoI can't play games any more as they are bound to the timing set by the tribunal. We are now a few well defined steps before a ruling and timing will not be stretched out. No matter how long it takes, Panthera is fully funded and therefore there won't be any dilution. I think Mark needs to remind this in future interviews.

We are priced at just 3% of the claim amount, this is the reality. Does anyone believe PAT only has such a low probability of success, given that they have the best legal team money can buy and that someone else is picking up the tab in the hope of getting a share of the proceeds in 2-3 years?

I don't know where the SP will be tomorrow or next week but it is a given that it will be closer to 20% of the claim in the weeks preceding the ruling than the current 3%. The only other possibility is an out of court settlement, which is unlikely to be lower than 400-500 million dollars. Do the math..

@geng how on earth could this ever go back to 10p? LOL

They submitted a $1.58bn claim. It's going to give ZEN a boost too.

great news for arbitration plays

The first moments are always like this. We may even see some tree shake at the start of the day but we'll move higher by late morning, I am not worried.

Relax, or buy more if can

Wait till this makes the news and attracts a new horde of PIs.

This is the type of news that gives visibility to a company. I hope Mark now gets around to promote this investment opportunity thus giving the SP a further boost. I would be great if we could settle around 7-8% of the claim ahead of the next milestone. And by the time we approach the concusion we are likely to be around 20% of the claim, meaning 6x from now. Easy money.

Settlement is also a possibilty, i think it happens around 25% of the time in similar situations

And another clown gets filtered out.

GLA

@wannabeloaded you'll stay a wannabe forever as you fail to grasp the basics.

You can't say that MB cannot be trusted because he doesn't publish the RNS when YOU want it. Give it a rest

Hi 190945, there's a telegram group called "special situations" where some of the folks in here and ZEN are sharing other similar opportunities. Feel free to post in there

Welcome back 6p! Shocking how poorly this company is performing and communicating to the investors community