UK 21:13 Monday, 12 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I notice that Zoltav Resources (LSE:ZOL), the toy, of Abramovich junior, Arkadiy, has come back from suspension quite a bit higher having announced a reverse takeover of some dodgy sounding oil and gas assets in Russia. The shares at 7p are to be consolidated on a 1for 20 basis on 4th July to give them a price of 140p. This ought to cause the penny to drop when investors see that the notional price at which the assets were acquired was 70p and that Arkadiy, through his vehicle ARA has agreed to put in money at 70p. Why pay double the amount that the insiders are paying and will continue to pay in tranches through to next year?
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