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You never know this share could be back to .50p very soon, could even go lower with now substantial news.
happy to show my face here even after this very punchy recent fall.. and, while the rest of us long suffering are no doubt disappointed, at least sonofscb is a much happier camper now.
Given this was an extremely lowly .50 p ahead of that free drill announcement, I think it's farcical that it's only .625p as I type today.. but it is what it is, sadly.. and, whatever, I remain fine with my recent adds here in the .5's and .6's and .7's .... and very much believe around 1p is a fair price for this share around this time.
dave 2478, with the falling share price, don't forget to top up to lower your average! Or why not wait for a month or two, share price could be even lower.
Today’s RNS. McCoy costs $30 BOE, no figure given for Paradox
1p is that after the next consolidation of shares?
I will be adding up to 1p then re asses when further clarification news is released. This imo is the value range
Raise at a time of strength which is not now. Yes small Caps need to raise money but the story is now being developing over the coming months and the initial drill is funded. Imo raise early next year when a plan is in place but like always and like all pi’s we don’t know.
Probably need to sell more shares with the market cap so small, then opps, the share price falls!
Well is that not what happened in its previous incarnation ROSE!
The market cap here is miniscule so always room for decent upside from that angle alone.
Most importantly, this free drill from Utah Energy and geo science department is very useful indeed.. off the back, a farm in would hopefully be much more de risked and therefore more likely to happen.... and a farm in for a focused part of their paradox basin holding seems the way to go to minimize future share issuance here.
Also this free drill would happen relatively quickly too, but not so quickly as the PoO&G would not have had a chance to further recover somewhat.. so hopefully early next year sees $50 ish WTI with further upside on horizon, to tempt a farm in partner more too .. a decent farm in deal would see the s/p around the few pennies range I'd guess .. so for newbies here the bet could be: buy at under 1p and potentially for eg triple or more your money within 6 months.. versus maybe halving it if things go badly from here. In this space, in those timeframes that's a decent bet in my mind.
High Risk obviously and DYOR
Well this is defiantly perky with only 287mil shares in issue and 30%+ held tightly, especially when shares are 0.7p and a market cap sub £2mil. I am not privy to being a Rose holder so cannot comment on that front although this seems to have a clearer direction now with new management and updates are expected within the next few week I.e. confirmation of funding for Paradox (by Utah’s Energy and Geoscience Institute) can hopefully see this in a lot better stead come year end. I purchased some shares earlier this weeks and will add based on progress and direction over the coming weeks/months.
Fingers crossed GLA.
I have to agree, smacks. The assets are absolutely world class, no doubt on that front. The only question was how to find getting it out of the ground. Well now we can see a path, and the fact that their acreage has been chosen for a free lunch indicates in and of itself that it's optimal. Still a fair way to go but it's now gone from write off to potential average-down for me. Will see what unfolds here.
Yes Malcy likes it for the potential and those driving it now so I feel a real starting point should be 1p. If the number can be increased to that level and beyond then we may have paper to make acqusitions which is what management would want to do.
With apologies for extensive quotations but the nature of this exciting development for Zephyr shareholders deserves the full Monty. It seems to me, and I suspect the management, that they have finally cracked the code re progressing the Paradox position without causing dilution to shareholders or at the asset level, and this is the first of several positive steps coming in Utah alone. There can be few better effectively option plays in the London market and this management team is of a superb calibre and is worth following on that basis, Zephyr should go into any diverse energy fund and for such a potential is remarkably low risk.
at least some semblance of common sense is being applied here today in this s/p moving decently higher than the extremely lowly .50p it was pre latest GREAT news RNS. For it to go back towards .50p yesterday was farcical...and this news should have seen it move up to the 1p range imho
Let's just forget about Rose and consider the potential that the new management bring to the table. The company has no history as such but the management do and will use ZPHR as their vehicle. We have an oil man with about 7pc as a private investor and reading Malcy 's blog he seems to very positive. So let Rose go.
Interesting SuperRoty, a different company now I feel but I seem to remember that a Rose USP was the low-cost of production.
I recall the estimated cost of production was around or just above the current price of WTI. Anyone thinking of buying in should read the old RNS's first as unlikely to be commercial unless oil goes around 60 dollars or more
Understood that this company has an awful history of shareholder wealth destruction: I've been in this for years and gotten smashed. And the share price has been utterly decimated as punishment for previous management incompetence.
But there is a new management team and this RNS is GREAT news.. its a free hit drill.. nearly as good as a MINI farm- out in my mind.. and given the share price is already at an extremely low level before this news, for it to now be be only 15% up on the day now is farcical in my mind.From an extremely lowly .5p, this should have gone way higher than that on this news in my honest opinion..
Again, I've been in this for years and so am not some guy turning up this morning and doing some baseless ramping for a quick in and out . I'm happy to have added more here today and will sit and wait patently for this company to progress itself from here.. and what a gift they've just been given to start them well on there way !
No its the same company that managed to lose our cash and start with a clean slate and it seems a fresh bunch of rampers...
The U.S. Geological Survey estimated means of 560 million barrels of undiscovered oil, 12,701 billion cubic ft of undiscovered natural gas, & 490 million barrels of undiscovered natural gas liquids in the Paradox Basin of Utah.
https://pubs.usgs.gov/fs/2012/3031/
same assets, same lack of funding, same broker. Different name, different people. We'll see. I'm cautiously optimistic it could do very well from these levels.
mrcautious, this is a completely different company now with completely new management and directors with very large holdings. It is frankly silly to still compare it to Rose under idiens.
Alternatively, this RNS shows that this company has potentially very good assets.... and is potentially very undervalued.
This rise shows just how insane governments are, so they got funding from the US Govt, I wonder how deeply the US govt looked into the losses previous shareholders suffered when the previous itteration of the company (ROSE) was run into the ground. This company should have been de-listed not had US Taxpayer cash poured into it !
the drill is funded by govt.