Zoltav Resources Share Discussion Threads

[bernieboy] 22/4/2016 22:13

Err - nope my maths is bad! You are right! Doh. That's what Amsterdam does for you......

[bernieboy] 22/4/2016 22:11

Black Rock my maths isn't brilliant but that would seem to be a five bagger to me ;-)

[blackrocktrader] 22/4/2016 16:54

Waldof
so you expect something like 12 bagger in 3 years .This talk about trajectory of share price are here for years already but see it materialize is rather hard .

[waldof] 22/4/2016 16:12

Thought as much..they are lidding it.
Fine by me.
good w.end to all.

[waldof] 22/4/2016 15:26

ZOL a fine example of a W.Buffett job...the stock market is a mechanism that tranfers wealth from the impatient to the patient.

Accumulate 200,000 at these levels wait three years and pick up £1mill.
but how many pi''s have the discipline to do that.
Not many , and even fewer that come to websites such as this.

[a1samu] 22/4/2016 14:48

thomas you did not say that they want £40 to view! Why do you not reproduce the whole report? It is not worth £40 to see it otherwise, since there will be no money in Zoltav for a long time to come to pay for it.

[thomasthetank1] 22/4/2016 13:27

Read Panmure Gordon & Co's note on ZOLTAV RESOURCES, out this morning, by visiting hxxps://www.research-tree.com/company/KYG9895N1198
"Zoltav has reported better than expected FY15 results. Higher revenue YoY, boosted by a strong production performance, and lower unit costs combined to produce an operating profit of US$1.1m. The company reported its first positive EBITDA, of US$7.2m. Zoltav met its debt repayment obligations and now expects to have sufficient liquidity at least through the end of 2018; previous guidance was to the end of 2016. The immediate priorities remain to keep the Western Gas Plant, serving the Bortovoy licence, onshore Russia in the Saratov region, fully utilised and progress existing development opportunities while seeking accretive acquisition opportunities. We have updated our forecasts and maintain our ..."

[waldof] 22/4/2016 13:25

They will know when ZOL want them to know and that , when it happens, will be overnight.

[paperclip3] 22/4/2016 12:29

I think another problem with Zoltav is that it is not well known; people don't know the story

[waldof] 22/4/2016 10:21

Indeed a1samu.

Note AF's observation : improvement in both factors ( weak ruble and POO)would likely in the future haven a very corresponding impact on ZOL's financial performance.

[cmillar] 22/4/2016 10:10

Better than I was expecting or hoping for. Now back to sleep for 6 months till the next results!

[cmillar] 22/4/2016 10:10

Better than I was expecting or hoping for. Now back to sleep for 6 months till the next results!

[a1samu] 22/4/2016 09:53

The Company does not have any significant exposure to foreign currency risk as no significant sales, purchases and borrowings are denominated in a currency other than the functional currency of Diall and SibGeCo, which is the RUB.

The Group's operations are within the Russian Federation where all of its revenue, costs and financing from both Sberbank and intra-group lending are denominated in RUB. As a result there is no exposure at the operating subsidiary level to foreign exchange movements.

The Group does not currently enter into forward exchange contracts or otherwise hedge its potential foreign exchange exposure.

Group revenues were USD 28.1 million (2014: USD 20.0 million. The Group's RUB revenues in 2015 were RUB 1,697 million, compared to RUB 826 million in 2014. Accordingly, revenues in USD, the Group's reporting currency, were significantly affected by the devaluation of RUB (61.0 RUB/USD average rate in 2015 versus 41.3 RUB/USD average rate for the 196 days in 2014).

Denis Golubovskiy appointed as Director of Finance in July 2015 to strengthen the finance function.

Clearly Abramovich senior should teach junior how to hedge currencies and hopefully Denis will make changes to safeguard income.

[noirua] 22/4/2016 09:26

Looks set fair but some buying recently could have been from those in the know. Not holding but realise I've missed out in the short term. Chart shows 50p as the big fence ahead then 80p, will be interesting to see if strength builds enough to take the stock price above 50p, really bullish if it challenges 80p - good luck

[brad44] 22/4/2016 08:49

I really don't understand the current market, company puts out good/decent rns, share price goes down. company produces slightly average rns and they get hammered 30-40% off the current share price?

[brad44] 22/4/2016 08:01

yes Bernie, all looking good. just got to wait and see what the market reaction is now. couldn't post here earlier, ADVFN always glitches when one of my shares releases good news!!

[soggy] 22/4/2016 08:01

All looking good. Glad I bought back in.

Let the good times roll!

[paperclip3] 22/4/2016 07:57

A solid set of results

[bernieboy] 22/4/2016 07:53

Hello! Anybody awake yet!?

[bernieboy] 22/4/2016 07:32

Good production numbers and increases and cash until at least 2018.... Off for breaky. Will be interesting to see how market reacts!

[bernieboy] 22/4/2016 07:11

Particularly like the opening of the new well at Karpenskoye field, commercialization plans for Eastern Bortovoy and future acquisition strategy. :-D

[bernieboy] 22/4/2016 07:08

All looks good to me! :-)

[bernieboy] 22/4/2016 06:08

Ha ha ha I am a Muppet! One hour too early! :-)

[bernieboy] 22/4/2016 06:07

No results..... :-(