Member Info for mls678

7. An update on the Arab investor. 31/03/20 RNS:

"Zenith Energy Ltd., ("Zenith" or the "Company"), (LSE: ZEN; TSX.V: ZEE; OSE: ZENA-ME), the international oil & gas production company, is pleased to announce that it has signed a non-binding Letter of Intent ("LOI") with an Arab consortium of strategic institutional investors focused on African development opportunities, to provide an investment of US$2 million in Zenith's share capital at a price of 2.5 pence per Zenith common share (equivalent to approximately NOK 0.33 or CAD$0.043), representing a premium of 384% over the closing mid-market price of Zenith's common shares admitted to trading on the London Stock Exchange on March 30, 2020 ("Strategic Investment").

(Around the time of this RNS the share price was 1p fyi).

I also can't remember seeing a further update on this.

6. An update on the PPE manufacturing / alcohol gel. 28/04/20 RNS:

"In the first instance, the Company intends to export PPE manufactured in the UK to African countries, specifically the Republic of the Congo and other African countries where Zenith is seeking to acquire oil and gas production assets. In a secondary phase, the Company may establish PPE manufacturing activities in the vicinity of its oil and gas production operations"

"The Company is in discussions with a local partner in Pointe-Noire to finalise an agreement for the establishment of a manufacturing facility for medical grade hand sanitiser ("Disinfectant Gel")."

Can anyone else remember reading more or getting a further update on the subject?

To average down

And just like clockwork out comes another post claiming someone isn’t invested.
What categoric proof do you have of this then?

Anyway back on topic… Zen really do need to get some reassuring news out soon. Feels like a lot spooked or sceptical and leadership quiet imo

I wasn’t saying you did. Look at my first post on the matter!

I was referencing these words:

“ in which $9m guaranteed from French courts”

It is by NO way guaranteed. This is false. Zen say they feel they have a strong claim but it is NOT guaranteed.

Deramping pointless as you get personally attacked / accused of not being invested / told that buying shares not for you etc etc…
Anyone is welcome to their opinion

And the money owed in the court claim is NOT guaranteed. Nothing is. So please don’t say it is

Zero volume. Sellers look done (at least after the recent news)

Being critical is allowed HH….
Also perhaps he wrote to LSE to have his account deleted. Perhaps.
Well never know

Yep well done them.

Also.. just since one other regularly claims I'm not invested I have just avg down some more and bought 300,000 shares at 0.56p.
Trade will print shortly but posting before for proof !

Kam you are spot on. It was ajbennett
I think their account has been deleted

I didn't say anyone had inside information. Please re-read my post (and I keep saying this!!)

Thanks for answering my question.

Where's the accusing? I asked if he was in PR out of interest. No accusation. Suggest you look up the definition.
Good to see the attacks out the block early overnight / this morning!!

Well done. Thanks for posting it again so more can read it

I said “perhaps” where is the accusation

I didn’t accuse. This is the second time I’ve had to correct you. Please re read

Hedgehog intriguing that you dig up and reply to a thread from many days back re 10 bagging etc.

I think it as good as needs to 20 bag now though to hit 10p

Just asked aqualight. Read the post properly. Nothing accused.
And on the “buys” not materialising (and still not materialising even today!) I think i can make my own assumptions.
Odd they still haven’t appeared even today! Maybe more bad news is feared even by the bulls.

They have used printing shares to pay a meagre £67.5k bill. After all the “record” energy income in Italy and oil lifts we still need to use shareholders to pay the bills… oh dear

This is a lengthy RNS with a lot of info in it. Good to see AC and LB have subscribed for new shares. But I guess you’d be silly not to average down too if you held that many.

There was an “investor” here claiming they were going to buy many shares after the tilapia bad news given the drop. I didn’t see any such trade(s). And now news of a massive fundraise at a discount. Perhaps someone knew something. Perhaps not. But I’m growing suspicious why those trades never materialised….

Also why didn’t this raise happen Pre tilapia when share price in 0.7/0.8 range??