Zoltav Resources Share Discussion Threads

[paperclip3] 26/12/2021 07:13

Cyprusdave, I think you may have misread the document. The document says
"A maximum of 16,762,099 Ordinary Shares (representing approximately 12 per cent. of the issued ordinary share capital of the Company) may be purchased under the Tender Offer, for a maximum aggregate cash consideration at the Tender Offer Price of approximately GBP4.2 million".

The other 82% is held by what the document terms "The Majority Shareholders" (i.e. the companies controlled by Abramovich).

So, the tender is for all shares not held by The Majority Shareholders.

[cyprusdave] 25/12/2021 22:20

HL saying that whilst the offer is st 25p only 12% of shares are greed to be bought???

Alongside this, Zoltav Resources Inc is offering to buy shares at 25p per share. You can ask to sell all or part of your holding in the offer. You’ve got a guaranteed entitlement to tender (i.e. elect to sell) 12% of your shareholding. You might not successfully sell all the shares you tender above this amount.

[paperclip3] 23/12/2021 22:22

It's a condition for the tender offer to proceed that the resolutions at the EGM pass. The major shareholders have about 88% of the votes; so the resolutions will pass. Other things being equal, the minority shareholders will be bought out at 25p and the company will delist.

[paperclip3] 22/12/2021 00:10

Would that it were more!

[shambaby] 20/12/2021 11:18

Very disappointing after years holding these. What are other shareholders thoughts on the offer

[cyprusdave] 08/11/2021 08:46

Nice price manipulation for cash now at 15p, I can see what’s coming next, offer to all at similar ☹️

[davemarn] 08/11/2021 08:39

Nurse those Zol losses

Angus Energy 0.90p
Positives
• Equipment should be arriving on site Nov 21 – Feb 22 proving this isn’t hot air!
• Permitting and Approvals expected early December 2021
• First time in 2 years a Project is about to become a reality early 2022
• Huge rise in Gas Prices (300-400%): 51% stake in onshore Saltfleeby Gas Asset
• 52% recent upgrade to NPV10 from a revised CPR of Gas Asset now £25.5m (£9m market cap)
• £12m fully funded for Saltfleeby
• Sidetrack to Gas Project Planning Permission in place to try and double output
• £1.4m Convertible Loan Note holdings extended deadline to April 2023 for final payment!
• 2x Director Buys of 1m each mid 2021
• £8m potential funding with Aleph and Associates for a valid Geothermal play
• 165m Warrants of £2.1m at 1.36p average potentially available
• 26m Employee Options at 1.5p but fully vesting at 2p too
Negatives
• A group of Locals persistently fester on UK Share Forums to stop any buying momentum, the success in market cap makes it harder to stop any of their projects dead in its tracks!
• A substantial undercurrent set of Short Sellers who seem to be betting against delivery and pre-gas price rally; now hurting and desperate to close out their positions – towards First Gas Q1-Q2 2022. Their short positions could create a dramatic squeeze to 2p alone IMO.
• Legacy Oil Assets and failed projects knocked share price and confidence of Long Term Holders
• Geothermal Progress Seems Slow
• Delays seem to bother some impatient traders but Aleph have stumped £12m loan!
Share Price Predictions?
• Harmonics showing 2-3.5p target?
• Management believes 3.5p per share is Fair Value vs. 0.90p share price
GLA WTFDIK DYOR

[bsg] 08/11/2021 07:54

LOL, Russia have antimonopoly laws!!

[paperclip3] 22/10/2021 12:13

Looks like the buyers are emerging

[paperclip3] 19/10/2021 07:43

I think something that may have been lost in the RNS of 4 October was the following:
"it may be challenging for the Company to maintain its licence obligations with regards to the Koltogor Licences"
So, are these about to be sold? Given the current oil price, the licences must have decent value.

[the book of wisdom] 15/10/2021 14:53

Some brave buyers!

[the book of wisdom] 14/10/2021 13:48

Who knows…and today they are marking up de price after a 4000 sell !!!

[cyprusdave] 13/10/2021 12:53

Have they got a large order to fill from Zoltav?

[the book of wisdom] 12/10/2021 08:22

Mostly buys yesterday. Yet the Mm’s marked down the price most of the day. Weird…or manipulation?

[the book of wisdom] 11/10/2021 15:58

Indeed. Good to see!

[paperclip3] 11/10/2021 15:17

And the buyers emerge!

[the book of wisdom] 11/10/2021 10:53

It has not looked good for quite some time…despite P3 optimism. Having sais that, I hope his analysis is correct!

[the book of wisdom] 11/10/2021 10:51

Only buys it seems and yet price marked done big time. Another bad news round the corner or a seller in the background?

[bsg] 11/10/2021 10:50

Not looking good at the mo.

[paperclip3] 07/10/2021 09:00

The next month or two could be interesting.

[paperclip3] 06/10/2021 13:59

The company is actually now in great shape. It is sitting on a pile of oil (Koltogor) and, given the current oil price, it's got to be very valuable. Zoltav is a gas producer, and the gas price is through the roof. Zoltav has huge gas potential - the unexploited Eastern fields. Now it has agreed the finance to develop them. Now might be a good time for an oil major to put in a cheeky bid for the company, and with Mr. A's right to covert his debt at 27p, he might find this a tempting option .