I've made some nice returns on the corona stocks.. NCYT, AVCT and SNG during last few days... core holding remains here and TLW.. still confident zen can be a multibagger after so much pain ..
letter of intent is conditional on a number of things happening... the pricing reflects that... we likely need funds to keep the show going until the deals complete... if any of the deals complete we’ll likely be back to 2.5p... not such a good deal imo
annoyed with this.. again more dilution... only positive imo is someone wants to put half a million in zen with the world apocalypse in the background... great entry price for some I suppose...
depends on the assets tbh.. new fields in west africa might even have a production cost of 10$ per barrel.. if zen are going ahead with them we can only assume they'll be able to make a small profit... for me the big potential is when oil prices recover
saudis will definitely do a deal and oil prices will recover...just a question of time.. usually go for small caps but returns here can be v attractive in near term imo..