RE: Shopping20 Nov 2025 15:38
Zephs update Wass just saying things are progressing.....
They took £2m more debt instead of raising, but it also shows the did'nt have the cash,,,,,,,
Plain-English translation
“The additional funding will be used to finance incremental near-term expenditures across Zephyr's portfolio, including federal bonding increases recently imposed by the U.S. Government and for potential further leasehold acquisitions.”
“Incremental near-term expenditures” → small, immediate costs that come up while running their projects.
“Federal bonding increases recently imposed by the U.S. Government” → the government requires them to have higher bonds (basically deposits or insurance) for operating on federal land. This is mandatory and a cash cost.
“Potential further leasehold acquisitions” → money set aside to try to acquire more land in future federal lease auctions.
But the company employees subscribed to £700k at 3p in June......thats positive IF they think they will get as good return, and not just protecting their jobs..
this is a bit of a teaser.....maybe another drill next year.....
In addition to its operational focus, the Company continues to run a structured process aimed at securing potential farm-in/joint-venture partners to accelerate drilling and the delivery of value from the Paradox project. The Company will provide further updates on this process in due course.
Sign In
Follow the stocks
