Member Info for SEA7

yep sure will be

The stock has bounced off the 6p level a couple of times and it is beginning to demonstrate being the new support level.

As long as we see continued buying pressure every time the MM's drop the price to 6p mid and it is sustained, then we will have confirmation of the new support level of 6p, with resistance at 7.5p.

Gold staying over $1500 should easily support 6p going forwards and with gold over $100 higher already, we should be confident in that the rerate from the mid two's to 6p is complete.

yep

chance of further falls tomorrow across the board - depends where US closes

virus fears, expectations of interest rate cuts due to economic damage caused by virus fears and markets rolling over as bottom lines are hit due to virus fears, will be keeping gold elevated for some time, possibly months.

AC seems to be all over the place and the share price is really suffering.

Cannot speak for anyone else, however, I sold a portion of another stock into a good rise over the last six trading sessions and have now banked more profit than the total underwater position here. This has offset the dreadful position my holding shows here as it doesn't owe me anything now. Not that it detracts from the fact that I am annoyed at the performance
and that we should be seeing oil flowing and not just a steady stream of chatter from AC flowing.

well - they raised CAD$9.5M from share sales and indicated on the cash flow statement, that a FX exchange loss of CAD$12.22M was recorded, which relates to the foreign exchange value of property, plant and equipment in the period.

They did record a fx loss in the admin expenses of CAD$297K against CAD$84K last year.

goldplat is suffering the sell on news effect, however, other goldies are seeing gains erased and moving into losses, as wider market sell off continues.

goldies will be first out of the traps once the dust settles.

RH - thanks - all my holdings are down

thankfully I did book some profits last week and the week before, although not on zenith, I might add.

sea of red across stocks - ftse 100 down 3.5% on virus fears - zeniths drop isn't company specific

doesn't open for me either.

The company is way undervalued at these prices, however, the way AIM works, this is following that pattern today.

it is standard AIM trading - built up prior to results being released and then you see a sell off of those that bought in just for the rise and had no intention of holding after results day.

Once the dust settles today, the stock will find its level.

The core focus for Zenith remains in Azerbaijan. The company is working on various investigations with the State Oil Company of Azerbaijan (SOCAR) and these should be finalised by mid-March.

Zenith is waiting for approval to drill the C-30 well in Azerbaijan and is planning isolation work in the C-37 hole, in order to enhance production from the Middle Eocene.

https://www.energyvoice.com/oilandgas/africa/223318/zenith-sets-out-drilling-plans/

yep - until next week!

thanks JSB

yep results to look over next week and positive for Q3/4 also.

yep - the same poster on another board has indicated that in the bearcast, TW says AC is losing the azerbaijan asset - about 18 mins in apparently.

I think Martin has a desire to see the board have more skin in the game and he no doubt has suggestions.

Sometime ago there was talk that major shareholders didn't want cash spent on the mining side of things and wanted the focus to be recovery ops - this is now the case and if martin is behind it, then he is likely to drive things forward on exiting all sub surface ops.

With nearly 19% of a holding and all other shareholders dispersed amongst various nominee providers, martin can effectively drive through whatever changes he wants.

For him to continue buying, he will be in the market now and not from an existing holder - we will know if we see regular and consistent buying in size.

FIL confirmed as seller

$1642

when gold was around $1700 to $1900 and goldplat was putting in a £5.2m operating profit the share price hit its all time high of 16.49p

the company is in a better position now and generating similar profits on a lower gold price - 16.5p is not an unreasonable figure, especially as last time the TSF was not a jorc compliant resource of 81k oz