Member Info for Argylerich

A more serious look at what to expect:

1) Obviously details of the yr end to 30th June 23 of which we are aware income will be £1.75m. Losses we aren't so sure, likely in the region of at least £3m.

2) Updates on contracts since last RNS update 17.08.23 . 4th July stated £2.2m pipeline with 30 discreet contracts. Two RNS's since have detailed 6 contracts @ £726k total. Most contracts are below RNS value by themselves.

3) Update on restructuring (basically job reductions) "This reset of the cost base is expected to be completed by the end of September 2023 with a reduction in operational headcount to the level required to meet forecasted revenues over the next several years" RNS 31st July 23.

4) Any other operational/contract progress.

"3 if the bod didn't think it was posable why issue this RNS yesterday"

It was part of the restructing detailed in the RNS on 31st July you plonker...

Cool, from the RNS 31st July

"Under the revised strategy, the Company's focus will be on developing the core fee-for-service revenues to achieve profitability"

with licencing opportunities coming up in around 50% of their contracts, sooner or later one of their clients products is going to hit the market with an associated financial bonus for APTA.

Yeah Cool, his wreckless gambling didn't only trash companies he was on the Board of. I suspect the it was the hollow DVRG 'orders' that caused the "pipeline" here to drop from £11.7m down to £2.2m.

I also strongly suspect that DVRG got APTA to 'invest' it's own resources into developing the optimers for the Covid testing kit, which is likely why APTA are now a strictly 'cash upfront' company now.

Exactly HH. And with the big issue that crashed this share (DVRG/Gerry Brandon) having been cleansed from the decks, the chances of a genuine recovery are really high.

News will be everything, and I'm expecting contract updates with the finals coming in a week or so.

"I pulled out of the stock with profits which was then on a high"

Caught lying like a muppet:

"chattty

Posted in: APTA

Posts: 409

Price: 40.00

No Opinion

Good share.31 Jan 2023 13:14

An excellent share at a carp price well worth a long term lockaway."

And just to give some context to the share options, at float Dr Tolley owned over 80% of APTA. Even if he gets the share price back up to 50p to claim every option possible, he'll end up with max around 15% of APTA.

Nobody did well out of the last 18 months' debacle.

Fascinating chatty. The stock launced in Dec 21, rose on debut then slid eternally after that.

I'm sure you can reference the RNS that you're chatting about though?

Porky9 if you know anything about the history of this company over the last 2 years you'd understand what a pathetic whinge that was from someone who clearly gambled on a high risk stock and was clearly backing the Directors at the time by putting their money in.

If you gamble, don't whinge. Own your own agency in the matter. It's as simple as that.

I've still yet to see anyone who clearly understands the full story here. I'm sure there are some long term holders out there that do, but are so badly burnt that they just can't be bothered anymore.

So the long and short of your post chatty is that you lost money here?

Last year 18th October, should be an RNS next week to specify the date.

We already know the main data for 2022, what'll be interesting is the contract updates after the closed period. Most contracts are below RNS level but very quickly start to add up. We should get a more accurate forcast for FY2024.

Last 500k @1.19 was my top up. This batch of profit takers seem to have cleared their stock.

Has now been explained by the RNS. But who was selling? and is there any more to churn?

Chain, I posted this on ADVFN on the 31st August, it all still applies..(Although the SAR is actually sooner in October)

"Lauders/Molatov I don't see the long term success/failure of Paradox being up for question really. It will eventually be a success but the question is more when and how ZPHR will get there financially.

ZPHR have hit a bit of a perfect storm lately, 16-2's salt and 36-2's blow out/pipe sticking.

Previously we didn't have to worry as Malcy would point out the co is very thoughtfully placed financially. However the storm is hitting there too with the main Williston drilling interuptions and the Slawson delays.

In Nov 22 ZPHR had $5m newly expanded space in its RCF made available and total debt of $23.8m. Then with the 25% aquisition they took on the $8m bridging loan which Tom Winnifrothed about.

They were hoping that the BL would be rolled into a further expanding RCF at their next semi-annual redermination (SAR) in May 23 but we saw the result, a placing just to cover working capital because of the storm, instead (so all RCF availability used up by then).

(Note that there was no mention of that semi-annual redetermination unlike previous ones)

They now face several upcoming financial hurdles in the next 5 months.

The next SAR in November. The upfont costs of finishing the pipe removal from 36-2 or redrilling. The gas pipeline refurb. The gas plant refurb (with associated share placement). Then they have to deal with the BL expiring in early Feb 24 (secured on the new Williston Wells) when the Slawson income stream will only just be settling in IF everything goes to plan.

Quite the storm. It will be interesting to see if current debt is even mentioned when the finals are out in 3 weeks."

That's the bit.

To me it just smells of cash conservation as they have SAR of the revolving facility in the next month then the bridging loan situation in the new year. All pretty much before the Slawson revenues will return them some comfort.

The real cheeky bit in my eyes is not having the courage to say it themselves but sneaking the change out via TP.

Thanks Adon, it is a strange way to announce a change of plan like that especially when they took shareholders money for it. They really are in cash conservation mode. Don't think it will change anything regarding the second tranche to RSOC though.

"o A second tranche of 26,966,189 new Ordinary Shares will be issued to the vendor upon Zephyr's final investment decision with respect to the contract award to a primary contractor to commence construction activities to make the Powerline Road gas processing plant operational; and

o All equity issued to the vendor will be subject to a lock-up period which expires at the earlier of the date that first gas from the State 36-2 Well is sold via the Dominion Energy Utah, LLC ("Dominion Energy") 16-inch gas export pipeline; or 15 December 2023. "

Ahh thanks will take a look. Interesting that they let a 3rd party announce it as they included the gas infrastructure in the reasoning for the June fundraise.

Adon, sorry where's the ref to the 3rd party processing please? Can't see it at the mo.

NoOneKnows note the word "expects" in "the company expects to recover substantially all costs ..."

It doesn't say the insurers have agreed.

" if they don't secure the support of shareholders to raise some capital" where's that quote from?

This is exactly why I sold out. The risk/reward balance changed and the mcap was looking toppy.