futureistoday
25.07.2024 kl 14:16
2159
Du bør lese hva jeg svarte på, og ikke tillegge meg noe annet enn det. Han skrev at obligasjonene ble betalt på tide. Det er jo så langt fra sannheten du kommer, og de ble heller ikke betalte, de ble refinansierte til dårligere vilkår for zenith. Så at du kommer med en lang tirade av hva jeg mener eller ikke får du holde for deg selv. Jeg korrigerte feilen som ble sagt og la frem fakta
MarketGunsling
25.07.2024 kl 13:59
2135
Futureistoday – as always you take the most deeply negative spin on any Zenith news that you can. Of course this is good news. The company have issued new bonds that do not need to be paid until 2026, by which time they will probably have a number of producing US assets and also a significant cash injection from the results of the arbitrations with Tunisia which will make the payment of the bonds easier and the additional interest will be irrelevant.
It makes total business sense for Zenith to do this and it is not a big deal. Companies refinance debt all of the time dependent on where in their development cycle they actually are.
No doubt, you will argue from your relentlessly negative point of view that there could be no wins from any of the arbitrations and there could be now new assets acquired. Yes this is possible, but let’s face it, it is also extremely unlikely and very difficult to take seriously. After all, you could apply the same “whatabout” logic to negatively talk down the prospects of any company on the planet.
As I have mentioned on a number of occasions in the past, the first arbitration is pretty much guaranteed to be won by Zenith. The simple facts of the matter is that Zenith produced the oil, submitted it for sale and it was sold. Etap took the money from the sale and simply did not pay Zenith. It is clear breach of contract and basically amounts to theft. It is easily proveable and as close as you can get to a guaranteed win in a legal case. When interest and damages are added onto the top of the original $6.5 million that was stolen I fully expect Zenith to receive around $10 million this September.
Once the first arbitration is completed then the company will have a significant amount of money to invest into new producing acquisitions, presumably in the US, making this debt relatively easy to service.
Of course if they lose all of the arbitrations and do not acquire any other assets by 2026 then the company is done. It doesn’t take an investment genius to tell us that. However, if you go to the other extreme and assume that they win the full amount from all of the arbitrations and acquire a number of new US assets then you get a very different result. A company with $80+ million in the bank and a continuous monthly revenue of further millions of dollars. In this circumstance the additional interest they are paying on the bond refinancing is totally irrelevant.
Of course, the reality is likely to be somewhere in the middle. Zenith will not get everything they are after in the arbitrations but they will get a good chunk of it. They will fund some of this into Leopard and raise more money in the US and go out and acquire a number of significant producing assets. In this circumstance the bonds will still be easy to pay and the refinancing will still have been a clever business decision.
Given the current position of the company it is hard to work out how this bond refinancing could possibly be considered bad news. It is not game-changing news that is going to send the share-price rocketing upwards but is a sensible business decision that has helped put the company on a much more solid footing going forwards as we move into the resolution period of the first two arbitrations. There is only two months to go before we get the results of the first arbitration and only 8 months to go before we get the results of the first big one. I simply fail to see any justification for treating this as bad news.
It makes total business sense for Zenith to do this and it is not a big deal. Companies refinance debt all of the time dependent on where in their development cycle they actually are.
No doubt, you will argue from your relentlessly negative point of view that there could be no wins from any of the arbitrations and there could be now new assets acquired. Yes this is possible, but let’s face it, it is also extremely unlikely and very difficult to take seriously. After all, you could apply the same “whatabout” logic to negatively talk down the prospects of any company on the planet.
As I have mentioned on a number of occasions in the past, the first arbitration is pretty much guaranteed to be won by Zenith. The simple facts of the matter is that Zenith produced the oil, submitted it for sale and it was sold. Etap took the money from the sale and simply did not pay Zenith. It is clear breach of contract and basically amounts to theft. It is easily proveable and as close as you can get to a guaranteed win in a legal case. When interest and damages are added onto the top of the original $6.5 million that was stolen I fully expect Zenith to receive around $10 million this September.
Once the first arbitration is completed then the company will have a significant amount of money to invest into new producing acquisitions, presumably in the US, making this debt relatively easy to service.
Of course if they lose all of the arbitrations and do not acquire any other assets by 2026 then the company is done. It doesn’t take an investment genius to tell us that. However, if you go to the other extreme and assume that they win the full amount from all of the arbitrations and acquire a number of new US assets then you get a very different result. A company with $80+ million in the bank and a continuous monthly revenue of further millions of dollars. In this circumstance the additional interest they are paying on the bond refinancing is totally irrelevant.
Of course, the reality is likely to be somewhere in the middle. Zenith will not get everything they are after in the arbitrations but they will get a good chunk of it. They will fund some of this into Leopard and raise more money in the US and go out and acquire a number of significant producing assets. In this circumstance the bonds will still be easy to pay and the refinancing will still have been a clever business decision.
Given the current position of the company it is hard to work out how this bond refinancing could possibly be considered bad news. It is not game-changing news that is going to send the share-price rocketing upwards but is a sensible business decision that has helped put the company on a much more solid footing going forwards as we move into the resolution period of the first two arbitrations. There is only two months to go before we get the results of the first arbitration and only 8 months to go before we get the results of the first big one. I simply fail to see any justification for treating this as bad news.
futureistoday
25.07.2024 kl 09:39
2238
TheLondonOiler skrev The bonds repaid on time everything on track.
On time? Da følger du ikke med i timen. De skulle vært betalt i januar, altså for over ett halvt år siden, og nå har de egentlig ikke blitt betalt, de har blitt fornyet med en skyhøy rente. Så zenith har fremdeles like mye gjeld, bare til enda høyere rente. Og de har fremdeles ikke noe mer inntekter til og betale nevnte gjeld som de ikke klarte og betale i utgangspunktet og måtte refinansiere obligasjonene til dårligere vilkår for zenith. Hvertfall 88% av dem. De har ikke betalt de resterende prosentene ennå. Så den posten din er bare helt feil.
Redigert 25.07.2024 kl 09:40
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Blientotre
23.07.2024 kl 19:45
2705
July 23, 2024
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Successful Conclusion of Bond Exchange Offer
Zenith Energy Ltd. (LSE: ZEN
Kanskje ballen begynner å rulle nå?
ZENITH ENERGY LTD.
("Zenith" or the "Company")
Successful Conclusion of Bond Exchange Offer
Zenith Energy Ltd. (LSE: ZEN
Kanskje ballen begynner å rulle nå?
JobPeterson
23.07.2024 kl 16:22
2772
Jeg tror nyhetsstrømmen vil starte fra september hvor aksjekursen endelig vil bevege seg opp
Blientotre
23.07.2024 kl 14:11
2810
Forhåpentligvis får vi noe mer svar på tall vedrørende US og kanskje noe nærmere om utvidelsen som skulle skje i Italia nå ved årsrapporten og Q2 om få dager.
TheLondonOiler
18.07.2024 kl 14:53
3058
Zenith Energy's profit from its Italian assets comes primarily from its electricity production activities, particularly at the Torrente Cigno concession. Here, the company produces around 900 MWh of electricity per month using low-grade natural gas. This electricity is sold at an average price of approximately EUR 110 per MWh, generating net revenues of about EUR 110,000 per month. After accounting for production costs of about EUR 35,000 per month, the net profit from this operation is around EUR 75,000 per month compared .
Over the course of a year, this amounts to an estimated annual profit of approximately EUR 900,000 from the Torrente Cigno concession alone. Zenith also has interests in other natural gas and electricity production assets in Italy, which may contribute additional profit
Over the course of a year, this amounts to an estimated annual profit of approximately EUR 900,000 from the Torrente Cigno concession alone. Zenith also has interests in other natural gas and electricity production assets in Italy, which may contribute additional profit
tsu for all
18.07.2024 kl 12:58
3093
Blientotre skrev Vi nærmer oss rapport 31. Juli. Kan ha med den å gjøre.
takk, fikk litt til billig :) Regnskapet vil jo være underskudd pga liten produksjon av gass/olje, kun goe strøm inntekter fra Italia
Kostnader er som vanlig ADM med reiseutgifter mm og renter på lån
Kostnader er som vanlig ADM med reiseutgifter mm og renter på lån
tsu for all
17.07.2024 kl 23:21
3236
Blientotre skrev Vi nærmer oss rapport 31. Juli. Kan ha med den å gjøre.
NAV betaler pensjon 19 juli, blir trangt i døren :)
Allroad18
17.07.2024 kl 16:15
3366
1,2 millioner aksjer har blitt omsatt hittil idag, er ikke det mye for å være Zenith, og det endatil i ferien? Har svinget 0,02 ører fra topp til bunn idag, ikke akkurat noe å skrive hjem om. Blir nok slik framover i ferien, men interessant at volumet er større enn normalt.
TheLondonOiler
10.07.2024 kl 12:10
4043
From what I gather the first arbitration result for Zenith Energy against the Republic of Tunisia is expected in late-2024. Zenith Energy has initiated multiple arbitration proceedings, including an ICSID arbitration in Washington DC and an ICC arbitration in Paris, primarily related to contractual disputes and unpaid invoices for oil production. The ICSID case involves claims of at least $48 million due to various breaches of bilateral trade agreements and obstructions in oil sale processing by Tunisian authorities.
So I guess that’s only several months away before we get our first big uplift in the share price. Not long to wait.
So I guess that’s only several months away before we get our first big uplift in the share price. Not long to wait.
Blientotre
10.07.2024 kl 10:40
4056
Har de noe å dra opp fra hatten på Q4-kvartalsrapporten og årsrapporten den 31. juli.
Men av erfaring fra tidligere kommer det vel melding om utsettelse om ikke lenge.
Men av erfaring fra tidligere kommer det vel melding om utsettelse om ikke lenge.
Redigert 10.07.2024 kl 10:41
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Blientotre
09.07.2024 kl 08:58
4193
Får håpe det snart begynne å interessere større investorer.
Skal ikke mye cash til for å gjøre stort innhugg i en stor eierandel.
For en million kroner kan du nært bli eier av 2%
Skal ikke mye cash til for å gjøre stort innhugg i en stor eierandel.
For en million kroner kan du nært bli eier av 2%
Redigert 09.07.2024 kl 09:01
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BMU
08.07.2024 kl 20:57
4295
👍 not exactly that was primarily why I hung one to Zenith , I was thinking more about building an Empire and be a part of it. But it looks like universe haw different planes.I did not give up the hope, more like I surrender to the flow of events.
Redigert 08.07.2024 kl 21:16
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JobPeterson
08.07.2024 kl 20:41
4243
mer tålmodighet kreves, men jeg kan se en stor regnbue for penger i enden av tunnelen.
Galv
07.07.2024 kl 22:33
4417
Noryng skrev 450.000 gav 1.0
1800.000 gav 0.6 etter realisert.(skatt) snitt ned fra 0.9
BMU
07.07.2024 kl 13:47
4560
Over 3 mill. average about 1.20 ,You can think whether it is smart or not, the most important thing is what I believe
BMU
07.07.2024 kl 13:39
4555
This is an ideology or a goal that the company is working towards, so there is nothing wrong with it. Everything you have written, it is good to have a goal for the future. But this will take time, we have learned that. Whether we believe it or not is up to each of us individually. Experience for running international working company ,I don't doubt them. If they can or not implement that, again is individual thing haw vi believe.
jantt
06.07.2024 kl 18:31
4720
Har 800.000 til snit på 1,10 nok så lidt stort papirtab.
Kommer jeg nogensinde i + ? Tror det næppe, men håber at nogle penge kommer fra retssager. Der kan dog gå lang tid.
Tror KAZ er død siden vi intet hører. Når melding endelig kommer at det intet bliver til noger kommer vi under 20 øre.
Kommer jeg nogensinde i + ? Tror det næppe, men håber at nogle penge kommer fra retssager. Der kan dog gå lang tid.
Tror KAZ er død siden vi intet hører. Når melding endelig kommer at det intet bliver til noger kommer vi under 20 øre.
Blientotre
06.07.2024 kl 16:33
4760
618 000 aksjer til verdi 166 000kr.
I tidene jeg begynte å kjøpe var så mange aksjer ville vært verdt 890 000kr.
Det sier vel mye om utviklingen i aksjen.
I tidene jeg begynte å kjøpe var så mange aksjer ville vært verdt 890 000kr.
Det sier vel mye om utviklingen i aksjen.
Jotun71
05.07.2024 kl 16:19
4843
hei, da er det ferie her. Hadde vært moro og vist hvor mange av oss som sitter og hvor mange aksjer hver enkelt av oss har . Nesten som en presentasjon av aksjeeiere. Frivillig selvfølgelig. Meg selv: Mann 52, Møre og Romsdal, 400000 aksjer. Snitt så vidt under 80øre.
God helg.Og god sommerferie til alle Zena folk.
God helg.Og god sommerferie til alle Zena folk.
TheLondonOiler
05.07.2024 kl 16:07
4814
Incorrect we have one result end of this year, from what I recall one mid 2025, and the last one probably 2 years. I’m happy to hold for 2 years and make 10 times my money from where it is now.
Allroad18
05.07.2024 kl 14:56
4855
Har vi sett tidenes laveste kurs idag? En milepæl med andre ord HA-HA !
Blientotre
05.07.2024 kl 13:57
4815
Derfor vil vi også drive ørkenvandring og tap av aksjeverdi i flere år fram i tid. De $75m er det flere år frem i tid til vi får noe svar om.
Kan godt være vi er konkurs før den tid.
Kan godt være vi er konkurs før den tid.
TheLondonOiler
05.07.2024 kl 13:04
4765
Quite honestly I couldn’t care less about production or any asset if the company adds $75m to the market cap. That’s over ten times the current market cap, I would sell out and enjoy my profits. I am not emotionally attached to any stock and this stock has a huge upside in the future if you take out emotion out of the equation.
Blientotre
05.07.2024 kl 12:20
2739
Det kan godt være, men hva skal vi med de pengene når ledelsen ikke evner å drive produksjon?
Pengene kommer selvfølgelig godt med for aksjeverdi.
Pengene kommer selvfølgelig godt med for aksjeverdi.
TheLondonOiler
05.07.2024 kl 12:08
2663
The most important milestone will be the arbitrations, if those are not met and we don’t win at least a quarter of the $150m owed I will be the first to sell. However zenith have signed one of the best legal teams and I would guesstimate we have a more than 80% likelihood of winning $75m. Considering the market cap is around $5m the upside significantly outweighs the downside.
Blientotre
05.07.2024 kl 10:16
2683
Kanskje det er det vi som aksjonærer burde jobbe for - å få en utskiftning av AC og hele styret.. AC burde holde seg til kun å få løst voldsgiftsaken - med alle hans aksjer så må det da finnes motivasjon nok for han også.
Produksjon og avtaler burde han begynne å holde seg unna.
Vår representant her i Norge er det jo ikke noe prat å få ut av. Har sendt han melding for litt tilbake, om diverse spørsmål - meldingen er lest, men ingen svar. Så det er tydelig han ikke er involvert i noe som helst av informasjon.
Produksjon og avtaler burde han begynne å holde seg unna.
Vår representant her i Norge er det jo ikke noe prat å få ut av. Har sendt han melding for litt tilbake, om diverse spørsmål - meldingen er lest, men ingen svar. Så det er tydelig han ikke er involvert i noe som helst av informasjon.
Redigert 05.07.2024 kl 10:21
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Allroad18
05.07.2024 kl 07:29
2732
Nå vet ikke jeg snittkursen hans, men la oss anta den er 0,10 øre (etter spleisen 1,-). Gitt sluttkursen igår 0,266, og at han har 24.400.000 aksjer, så kan han sitte på et potensielt papirtap på nesten 18 mill. Det er ikke verdensrekord i papirtap, men det er ikke så mye mer å hente av verdier i selskapet heller. Oppdatert børsverdi er 59 millioner, så jeg vil påstå at han har et enormt papirtap likevel(nesten 1/3 av selskapets verdi). Hva ville jeg gjort som direktør i en sånn situasjon, tja si det. Litt nytt og friskt blod hadde nok ikke skadet. Utfordringen med dagens situasjon er at ingen vil overta et så skakkjørt selskap, så vi vil nok dra med oss både AC og store tap videre, dessverre.. Hva med styret oppi dette her, ser de ikke galskapen? Vi har oss selv å takke, men hadde denne utviklingen skjedd i et seriøst selskap, så hadde nok både styret og direktøren blitt skiftet ut som følge av et aksjonæropprør!
futureistoday
04.07.2024 kl 13:25
2914
Du får slutte å vri på det jeg sier, jeg klagde ikke på at de hadde betalt. Jeg stusset over hvorfor det ikke ble børsmeldt siden de alltid har gjort det tidligere. Det står i en børsmelding at de forventet saken ferdig oppgjort inn det finansielle året 2023 var ferdig den 31 mars 2024, over 3 mnd siden. Børsmeldingen får du finne selv. Helt tydelig du ikke har lest noenting angående firmaet siden du ikke er klar over disse tingene.