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Re: None

Tuesday, 08/18/2020 12:16:41 PM

Tuesday, August 18, 2020 12:16:41 PM

Post# of 54123
Who here thinks ZN can seriously get the price over $1 on news of drill rig arriving w/crew (Aug/Sept) with likely start of spudding well in Oct? Are they clearing & prepping the new drill site? My best guess would be price of 50-60 cents. The new 10s of million in new shares being issued, on top of the 220 million shares already outstanding, would put ZN at a market cap of 150 million assuming 250 million shares issued w/ZN pps at 60 cents. With ZN at $1 pps, ZN's market cap would be 250 million. Seems like a large stretch to me to hope for anything over 60 cents with oil at $42. ZN has assets of 20 million w/new rig & drill pipe. I'm sure hoping for $1 but it will take news that is almost supernatural.

Sell Jan & March covered calls 25 cents now for a 60%+ immediate gain and let it ride.
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