Member Info for SEA7

With gold moving up and staying strong, expectations of dollar weakness, recessions and fears over covid - we will see loose monetary conditions for a long time to come - this is supportive of the gold complex and good for projects such as this

egg- yep and the probability is higher to a successful outcome

low risk tailings dump processing, established methods of doing so, by other operators to follow, visibility over expected rates of return based on historical mine recovery rates and recovery rates from other tailings dumps, above ground resource - no underground risk.

This share has been left out - the assets it has a stake in contain 1.3m oz gold

assuming they get 50% recovered - 650,000 oz at $2000 an oz (the price is heading there) - thats about $1.3 billion in revenue.

allowing for the fact it is a jv and that costs will be incurred - there is still many, many multiples of the current sp to be made in earnings by Katoro over the life of the project.

These are above ground tailings dumps - they are not underground mines with all the inherent risks - this is a much lower risk operation.

Look at DRD gold who do this all day, every day - they are making a mint from it.

This will get funded.

guateng, where goldplat is based is the epicentre and they are getting more than 10,000 cases a day across the country.

60% more natural deaths recorded than expected in the last few weeks.

Goldplat remain tight lipped about whether they are still at 50% capacity or have been able to increase or dropped below because of covid impact.

from bloe acquisition rns...

Boosts 2P reserves of oil and gas by 64 million boe and initial production by 245 bopd.

yes...fuse7 definitely.

Amounts in thousands US$

2019 total ..Rustaveli...... 3,474.3(a)

(a) Represents payment in kind of 54,179 barrels (bbls) of crude oil

https://www.businesswire.com/news/home/20200630005152/en/Schlumberger-Reports-Payments-Governments-Year-Ended-31

Goldplat is located in Gauteng, South Africa, which is being hit hard with the virus.

It doesn't help matters when Gauteng Health MEC Dr Bandile Masuku said more than 1.5 million grave sites were being prepared in the province.

which had to be clarified by the Gauteng Department of Health which has since said the number refers to the collective capacity all municipalities in the province can take.

The company is tight lipped on how well it managed to return to full capacity and what impact this virus is now having, as it is their winter and cases are soaring.

Werner would do well to clarify the situation and expectations through to the end of winter in SA.

should see this move back up again in short order, with gold above $1810

reckon hansie dumped them shares today -

2 x 300k sells
1 x 200k sell
1 x 100k sell
and one trade at the mid of 100k

that is a million shares and today was listing admission day for them.

yes - I was being quoted 2.1p to buy just before that trade showed up

from the credit report....page 2

Nevertheless, the company still owns two drilling rigs, which are expected to be moved to Africa anytime soon

https://raexpert.eu/reports/Press_release_Zenith_Energy_Ltd_27.05.2020.pdf

I would like to see clarification on azerbaijan.

the redpsa agreement had two parts - field rehab - which has been discontinued and exploration, which is still in force. The company has that BD260 rig sat idle in azerbaijan - are they going to continue the drilling program there or ship the rig to one of the new assets. The rig is held in zena drilling, a wholly owned subsidiary, so not attached to the azerbaijan field.

and these funders...
http://www.mynewsdesk.com/uk/news/a-loan-of-830-euros-million-euro-was-signed-by-legion-finance-trade-limited-and-the-jsc-georgia-for-underground-gas-storage-315623

Legion Finance Trade Limited investors group and the JSC Oil & Gas Georgia has reached a closing to secure a loan of €830 Million Euro for the conversion of the depleted oil field at Samgori South Dome into an underground storage for natural gas.

samgori is being funded by german and euro banks

https://forbes.ge/news/4649/KfW-will-finance-the-construction-of-underground-gas-storage-with-150-mln-euro

I have only ever been part of an EBT once. The company got sold, the EBT got turned completely into cash and I got a decent cheque in the post - can't complain.

It was a good incentive scheme, we worked hard, the scheme grew off our work and then we got paid.

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA-ME), the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has made payment for a total of US$250,000 to Kuwait Foreign Petroleum Exploration Company K.S.C.C ("KUFPEC"), a subsidiary of the State of Kuwait's national oil company, in relation to the acquisition of a 22.5% working interest in the North Kairouan permit and the Sidi El Kilani Concession (the " Tunisian Acquisition "), which contains the Sidi El Kilani oilfield ("SLK").

and

It is expected that the production revenue generated since the date of signing of the SPA will be sufficient to fully satisfy the second and final Consideration payment to be made by the Company to the Seller for the Tunisian Acquisition by October 2020. Zenith does not therefore expect to raise additional capital to fund the Tunisian Acquisition.

very true V111JAS,

I recently had a sell of 200k shares in another stock not show up on the trades list for hours. As the stock price moved down when I saw my trade execute, I knew what impact it had.

When the trade eventually showed up on the trades list, the price I sold at by then, was displayed as the offer price. Unless you bothered to look to see that it was late reported and that the time of the trade was different, at first glance it gave the impression of a buy at the full offer. It was then followed by several buy trades, at the full offer and the stock ticked up, but not quite to the level I sold at.

He will slip that out in the rns tomorrow - same old same old...the price moves up, the placing takes place -

NOTE..

https://raexpert.eu/reports/Press_release_Zenith_Energy_Ltd_27.05.2020.pdf