Zenith Energy Share Discussion Threads

[andy] 03/11/2020 13:26

dgarvey,


Well I certainly don't remember them alluding to that t be honest, I would welcome you pointing out to me where they stated that.


from the 17th April RNS:


"Completion of the Acquisition is therefore no longer conditional on certain regulatory approvals being obtained in the Republic of the Congo.


We are fully confident that the necessary regulatory approval process in the Republic of the Congo for the transfer of ownership, as well as negotiations for a 25-year renewal of the Tilapia licence, will conclude positively, having been delayed due to the difficulties caused by COVID-19"

[dgarvey] 03/11/2020 10:28

Andy.Back in April the company did alluded to the expiring licence and delays in negotiating a new one due to CoV19.I suppose it depends how you view these things, yes, the licence expired but they were managing the field whilst negotiations were ongoing.Dan is right in that its a binary outcome which will significantly impact the share price and future prospects of the company - fingers crossed.

[andy] 03/11/2020 09:22

Dan,


If I remember correctly, they didn't admit to the loss of Tilapia until after Shareprophets posted a picture of the letter from the Congolese government saying so!


Whilst I agree it is clearly a binary play from here, your article looks way too friendly, and slanted in favour of AC, than the share price performance over the years deserves, IMHO.

[daniel levi bmd] 03/11/2020 09:05

FYI

Zenith Energy Update. Binary Play....

Dan
x

[fatfish] 02/11/2020 18:42

Ah I see why it rose today, so that someone could exit after the bell with a nice lump sum. A very nice lump too. £84k
Peanuts to some I know but not to me.

[andy] 02/11/2020 16:45

fatfush,

Exactly what I thought.


I have to admit I thought they would announce something before suspension was lifted to boost the price, but they didn't.


So either my theory was wrong (very possibly) or they tried to conclude a deal and couldn't,so had to lift the suspension anyway.

[fatfish] 02/11/2020 16:18

any particular reason for the rise today??

[wrtmf] 02/11/2020 11:40

today's rns,

Lifting of Suspension
The Company can confirm it has now applied for the suspension (announced to the market on October 6, 2020) in relation to its common shares admitted to trading on the London Stock Exchange Main Market to be lifted at the discretion of the Financial Conduct Authority

[charle8888] 29/10/2020 07:21

Did you know that, in general, shares that are way overvalued, with a business model that cannot work, tend to go bankrupt?

[markstevenkirby80] 28/10/2020 09:20

Come now we need luck

[grannyboy] 26/10/2020 17:47

Yes you could be right Andy, but will it be the right news? I hope it is for lth's.. But can't take anything for granted where cattaneo is involved.

[andy] 26/10/2020 12:41

granny,


No, but my guess is some news will be put out before suspension is lifted, otherwise it's hard to see the price not falling further upon resumption of trading.

[grannyboy] 26/10/2020 12:04

Well another timeline for the announcement of the audited accounts ... 'Sometime this week'.. Notice no mention of the award of the Tilapia licence!!

[kenco7] 23/10/2020 19:57

Is this the same CEO who ran the sock factory in Leicester dubbed "King of Socks"

[muddy_40] 23/10/2020 17:40

At least they have a B+ credit rating I think it was.

[fatfish] 23/10/2020 07:18

I'm betting on, last man out the door turns the lights out.

[tinker10] 23/10/2020 04:36

I'm betting on an after hours rns with more bad news...

[andy] 22/10/2020 11:46

muddy,


Yes I doubt even the most raging bull could make a case for anything positive in the chart.


It will be interesting to see if news is released before the suspension is lifted, to test my theory.

[muddy_40] 22/10/2020 10:18

I am not much of a chartist. But the chart doesn't look too good to me;-)

[fatfish] 22/10/2020 10:16

looks bad to me, we are ddoooooooooommmmmeeedddd

[andy] 22/10/2020 09:13

Another delay would not surprise me.


Given the weakness in the share price prior to suspension, this 'delay' does look convenient.....