Member Info for SEA7

according to a poster on another board, the TW bearcast indicates that zenith may have lost one of its major assets

Goldplat started Q3 of its financial year with gold above $1500 - it is now above $1630 and we are halfway through Q3 - this is looking like being GDP's best quarter in over nine years. The interims will be out next week, which are set to be positive.

With gold on a tear, the rest of Q3 and Q4 are looking very good so far.

way undervalued.

US, Britain Accuse Russia Of 'Aggressive' Cyberattacks On Georgia

https://www.lse.co.uk/news/us-britain-accuse-russia-of-aggressive-cyberattacks-on-georgia-7bjiludvy6i6142.html

rns out - major shareholder increased again to 18.09%

Mr Clark has been buying again - he is upto 50m shares now.

He bought 3m shares yesterday and 2m the day before, as well as one million on the 14th.

He has purchased 15,000,000 shares since 28th Jan 2020

https://www.canadianinsider.com/node/7?menu_tickersearch=zee

Says BNY (ocs) nominees as the name of the shareholder in section 4, as Miton are the entity responsible for notification obligation.

mud - - I will only support that, when the company concerned has a demonstrable track record of successful integration of acquired assets and that they can deliver profitability that exceeds the cost of capital.

zen haven't done this in azer or italy yet and as such I would like to see AC deliver on something, other than balance sheet operations.

everyone on these boards and who holds shares wants to see oil being pumped and sold, not globe trotting, share issuing, balance sheet engineering and debt fuelled asset grabbing, empire building.

there is an rns a while back indicating the some of the shares that have been listed on the tsx will be listed in london once permissions obtained - they just get traded on two exchanges, there is no increase in the actual amount of paper in existence.

itisagame...

286m shares are listed in london as well as tsx and oslo - which is still only 286m shares in issue. The balance of that amount, 291m shares are dual listed on tsx and oslo only. Once permissions have been obtained, they are likely to be listed in london as well, meaning all 577m shares would be tri-listed.

There is 577m shares in issue.

gold pushing past $1587

The financial statements on the website do not have the latest to end december if i recall - they are filed on sedar

amati viewpoints are out for last month and they make no mention of Block this time, whereas they have commented each time in previous months.

They indicate selling hurricane energy, which would indicate that they still hold block energy.

http://amatiglobal.com/viewpoints.php?entry=54

yep agree zeb and as you say, AC never specified how long it was producing at 285bopd, so it could have been on test for a day or two, then shut in as wc increased.

He indicates in the rns that it should produce at 250-300bopd without stimulation after the bridge plug is installed.

We must now wait for this, which is not going even begin until mid march. Ac says mobilisation of the A100 is expected within 30 days, which means at least 30 days in AC's world. We are looking at May before we see any evidence of C37 on production in my view.

now we are still waiting for the bridge plug - so no, in my view it has been on test and never on production.

zeb - flow testing - they didn't indicate it going onto full production.

I have learnt to read very carefully what AC says.

He talks of production and uplift and expected revenue, however, never actually states that the well has been put on production. It only references continued flow testing.

are they doing EWT or not, who knows.

oil production may be down, however, the balance sheet is stronger - which may have been at shareholder expense in the form of dilution, however, this can only go on for so long, before the sources of capital dry up. Get a decent result somewhere and further sources of capital open up.

AC knows this

I checked just before the close and nothing - thanks bots...

I note that the working capital deficiency as at end december 2019 was CAD$9,069,000 in 2018 and is CAD$3,997,000 at end december 2019 - this is a massive change in the balance sheet - it has strengthened significantly. Long term debt is CAD$1,055,000 instead of CAD$981,000 - A slight increase.

This means that AC has managed to drum up enough revenue and cash from raises, plus his debt negotiations to take the working capital deficit from GBP5,251,920 to down to GBP2,314,741 - a reduction of nearly GBP3 million.

yes it is annoying that the sp is where it is and that AC just seems to produce shares by the van load and not great quantities of oil, however, we are where we are.

The current underwater position I hold here, has been offset by the gains I have booked elsewhere, so even though, overall It is not having an impact, I am still annoyed about it, as we should be in a better position through bopd increases and not share certificate increases.

Whilst I have not added for some time, as I could see it heading below 2.5p, there is a lot that can go right and I am in no hurry to sell any of my zen holding.

I booked excellent profits on this ages ago and hope to do again...at some point! if AC could deliver something that makes that happen

dean has been in the market again...

https://www.canadianinsider.com/node/7?menu_tickersearch=zee

1m shares bought on the 10th Feb
2m shares bought on the 12th Feb

he now holds 44m shares.