Member Info for mls678

Exactly. We've had the fireworks RNS announcing the £££ weeks back. And the SP slipped backwards after. What we need is real news and action on the ground. Oh and Tilapia.

Indeed Bammo. This week has been very quiet lately from ZEN and even this chat room has quietened off. Frustrating imo.
As always the bullish will say more patience required etc... but it's been a colossal amount of waiting I'm sure all will agree. There comes a point the ZEN management actually need to deliver a material improvement in the SP.

Was expecting at least an RNS to say the £ has been received?
Some news on something be good!!!

Do you think we’ll hit 1.5p if it comes in?

Nice to see I'm not the only one buying recently and a few buys trickling in!!! Haha

Are you referring to paying management’s salaries?

Looking less good in UK

I correctly guessed we’d have a share price in the 0.8s a few days back. At this rate I guess we might also see 0.7 something before the next lot of substantive news perhaps. When will we get some actual news that gets the market going???

That was my thought too.
We keep talking about the amount of £ coming in from oil sales. So why do we keep taking loans / issuing warrants?
When will we get Tilapia news?

100k at 0.883p just now
Just wanted to let the haters know
Trade will print in a bit. Posting so those that regularly call out I’m not invested know that I continue to be!
Enjoy your day!

ZEN isn't AIM listed fyi - it's main market

(That comment wasn’t aimed at you Canary)

Canary. Yes I did say they had the money from recent oil sale.
But my Q remains why did pay if off early and use £ and shares when they could have waited a few weeks and used £ only?
Fyi I'm also up on my investment here after a lot of averaging down. But again (again again again) let's stop the personal attacks please and focus just on this share. People are allowed their views surely and it should be ok not to have the same view as someone else??

Oh dear. Lets keep it to Zen please.

Canary,
Yesterday's RNS for debt repayment was the the Loans from Winance "announced to the market respectively on May 26, 2021, and December 6, 2021"
If you read the December 6, 2021 RNS it states:
"The Loan Agreement has a duration of eight months and does not attract interest"
and...
"During each month prior to the maturity date, Zenith shall make repayments in accordance with the Loan Agreement ("Instalments"), with the first Instalment being payable by the close of December 2021.
So by my very simple maths about eight months (from December 2021) takes us to around July 2022.
It also says:
"Under the terms of the Loan Agreement, Zenith may elect to pay each Instalment either by cash or by utilising the Reserve Shares"
So my view is that they are paying monthly and could have indeed very much waited for the oil sale money and not used shares. Let me know your thoughts.

Thought we might have a bit more £ in the bank then!!

Why wouldn't we use all this £££££ we've gotten recently then? (And more £ to come!)
And not use shares
It's for all PIs benefit to avoid dilution as much as possible

Not happened yet...

One Q from today's RNS...

"The Company has made repayments for a total of EUR 650,000 in cash, with the balance having been paid by way of the Reserve Shares issued in connection with the Loan Agreements"

Why are we not paying off in cash given our recent oil sale? Why are we still using reserve shares?

Few sells this morning. Looking like a 0.8 something SP could be soon….
Tilapia soon / maybe / one day ? Hopefully

I know where they are. Looked like nothing happening after a recent satellite image check. C30 / C37