Member Info for pawnsacrifice

Not completely true highlander..
As previously announced, AAOG Congo is owed approximately US$5.3 million by Société Nationale des Pétroles du Congo ("SNPC") as a result of past work performed on the Licence.

Following Completion, the Company will assume responsibility of all ongoing costs and liabilities in relation to AAOG Congo. Zenith expects to implement a series of cost-cutting measures at AAOG Congo to improve profitability, especially in reaction to the significant recent decline in oil prices.



Andrea Cattaneo, Chief Executive Officer, commented:

"Acquiring a 56 percent interest in the potentially transformational Tilapia oilfield, as well as 100% of the approximately US$5.3 million in receivables, for a consideration of £200,000 is a fantastic result made possible by the exceptional circumstances brought about by the COVID-19 pandemic, as well as the current low oil price environment.

Do think the debtor will squirm and possibly there'll be an arrangement but with zens marketcap being so low anyway even a part payout would be useful imo.
As posted though will wait and see no point getting all excitable either way imo.

They only paid $200k for it so can't see they'd be out of pocket. Wonder how this would effect the $5.3m? If its owed then congo would have to pay it I'd of thought but on what timeline.
More going on in the congo than just this licence though Eni's trying to sell its assets there including marine XII so see how this all pans out.

Eni Seeks to Sell Congo Assets
http://oilnewskenya.com/eni-seeks-to-sell-congo-assets/

Peeps didn't want to post before they bought imo. Hoping the market wouldn't notice the RNS.
Agree amazing news for them, just keeps coming here.

Will do janehenry. Didn't say it couldn't drop by the way just questioned your "expertise" after the warrant predictions.

could be an insti buying in or a large trader and they're having their buy broken into pieces but only a guess.
They're def on the buy side though so has to be positive for holders I'd of thought?

John you were one that was wrong about the warrants.
"The 5M shares for Warrants at 20p are likely to be exercised fairly shortly and already forward sold.
the 25p warrants will probably be held a little longer.
aimho"

Forgive me if i don't take you as our resident expert.

They have got very few shares so I can see how they could go silly (as they did) with heavy interest we had in trading last few weeks?
Roll on the next update!

So they haven't exercised and sold all those warrants its just been pi's trading?

Just wondering us skinny ones, if we go to the drs will they prescribe doughnuts?

Change your broker wolves. I can sell 26k shares straight away and thats with IG.

Just as difficult to buy wolves.
I've been trying to build a position down here but every time I try to buy the dip I'm knocked bback.
Had to resort to SB's yesterday which is a pig as I'd like to buy and hold .

Didn't think the FCA cared. Their mandate is to maintain an orderly market not upkeep the law.
Covering crimes up is much more beneficial than risking the exposure of the market as a pi cash stealing scam (imo of course.) lol

Yes I think that too. Would imagine shops/manufactureers would see it as a selling point and want it in their product rather than in the competitions.
FOMO in the plastics industry.

Robinson doesn't that just mean that as no one wanted to buy the co. they're trying to sell it of piecemeal?

Not what I read. I read no material financial benefit from the deal with the pharma. ie they're still fooked financially and with no buyer to boot.

Power Metal Resources plc ("Power Metal" or the "Company")

New Investor Mailing List

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company is pleased to announce that the Company has now established an online mailing list.

Investors wishing to receive copies of all market news announcements and related information by email may sign up for this through the following link:

https://www.powermetalresources.com/s/21/contact

In addition any investors wishing to contact the Company may do so by emailing info@powermetalresources.com.



Paul Johnson Chief Executive Officer of Power Metal Resources plc commented: "As Power Metal moves into a period of intense activity as articulated through market news announcements, we are continuing to build our investor engagement through enhanced marketing & communications work.

We consider this to be particularly important as our exploration programmes expand and news flow from our projects intensifies. Investors are invited to engage with the Company and the team at Power Metal will be happy to assist where possible."

Expect nothing less from twitter. Still an interesting play and gold is still flying.

Acidisation will only remove up to 20% of the cement? Will that be enough for sustained flow and will the cement build up again or is it a one hit fix?

Thanks for that Chris, glad you're getting on ok with it.
Impressed with delivery speed must say.

Agreed seems to be just patience with this one..
"We are currently working with a UK water utilities company where the benefits are already noted. This technology has the potential to be a very important technology for the UK water industry to achieve the AMP-7 objectives over the next five years."

Already working with a UK water utilities company where the benefits are already noted will do me.
One more string to their bow.
Did notice theres no RNS news alert here or on advfn so news may not have percolated the whole market yet.