Member Info for mls678

TF answer me one simple question. Are you invested?

Bodes well for ESL given they are main logistics provider to their shops

Feels like there is still a bulk seller

AC going to give another placing!

Call me a deramper (again) but I'd say they are done in Az.

Not a single hit target on either exploration or rehab.
Delay after delay after delay.
AC said at Investor evening in London in Oct / Nov19 no risk to losing the contract even though they failed to hit the 50% increase in production required to maintain it - what then followed... (Zen say they handed it back - I reckon they had it removed but we'll never know (honesty?)
They have removed any reference to Az from the bottom of their RNS statements.
Thus I'd hazard a guess the relationship isn't great imo
They spent a fortune pouring concrete for C30 deepening to then abandon and not proceed.

It all points to having it removed imo

Some big sells just gone through. Now -3%

Good news. But fact Zen will raise capital for something else in time even if no more for the SIK.

You do know Stef is paid to promote Zen?

TYB. They are repeatedly always only “small” placings. Have you seen the embarrassing placing for the forgotten Top Drive also?

MGS.

How many placings though? I'd guess Zen have done the most as it's monthly / every couple we see a chunky raise.

Zen should have done one big raise at IPO and made a success of Az off the back of it and got to pros in. We'd be in a far stronger place rather than the amateur-ish approach we did take of doing it ourselves on a "shoe-string" as AC often said.

Carl-Icant - surprising first post ever on LSE from you there.

Why? Sure there's risk but I think far more potential upside than downside. The SP is still flatly on it's arse near all time low

And a 1 trade!

Doesn’t the company have the Az 2p reserves on the balance sheet?
With handing Az workovers back (and I’d guess at some point a total exit from Az) will there need to be a big right down then?

The overall level of debt stood at CAD 8 m by end-2019. However, as previously mentioned, since EBITDA and FFO remain negative, levels of debt cannot be covered by operating cash flows, thus, approaching debt maturities will have to be covered by balance sheet cash or additional equity issuances

the company has been promoting a strategy based on avoiding diluting the shareholders and to finance development with additional debt and, mainly, with organic growth translated in operating cash flows. However, despite the fact that around CAD 1,3 m worth of bonds were sold during March and April, the Euro Medium Term Note (EMTN) program has not being fully subscribed. Thus, the company has continued to issue equity and the cash has mostly been used to cover operating expenses.

Zen put out an RNS saying about the B+ when it was awarded and Andrea mentioned it proudly in many many an interview. I assume he’ll now also RNS that we’ve been downgraded?

Said it wouldn’t be far away
Anyone want to add up all the repeated placings Zen have done last 2yrs?

And the same Deramper...

MMs seem to want stock though. Can sell in bulk!