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I have to agree. Although I have never met him he seems incompetent to have allowed this to happen. I think the first step to retrieve and rebuild anything is to get rid of him and appoint an expert in Phoenix companies. He scored a tremendous own goal at the last presentation which may have precipitated this.
excellent news I am sure Mr SO will take full advantage
Also I wouldnt be surprised if SO has lent out the shares to the shorters!!
There is definite evidence of shorting. If SO was only looking to cut his position and not completely liquidate, there would be a strong liklihood of a melt up if it coincided with some good news. It would be an intelligent play by SO if he liquidated a portion of his position to draw in the short players and make massive profits on his remaining position. The fact that he has been reducing his position very slowly is a testament to this. Normally you would expect someone to cut and run quickly before anyone had an inkling. The next few days will be interesting.
The MM picked up nearly half a million shares in this. I pity all those that sold today.
I have to confess to being disappointed by the fact that there has not been any news as yet. However I wanted to offer some encouragement to everyone here and I am surprised that this has not already been mentioned.
Drilling started on 13/7/21 and the plan was to attack up to 8 overlying zones before entering the cane creek reservoir. As they were overlying it is safe to assume that these would have been picked up first. Indeed this was confirmed by the RNS issued on 28/7/21. This also mentioned the following:
Additional reservoir potential beyond the proven Cane Creek reservoir, including eight high-graded overlying reservoirs which are likely to be hydrocarbon filled and which demonstrate adequate thickness for potential future development.
I am seriously encouraged by this as they already had 15 days in which these targets had been hit and would have a fair idea of what they could expect from the adjoining leases. Otherwise why did they pick up these leases and overlooked others.
GLA
No Tom
This is a lateral drill. The 10,000 foot depth was drilled the first time round. They have been drilling up to 5000 feet laterally at different depths. These last 5000 feet will be drilled in a day or two at the most
After a busy four hour session in the OTC market in the good ole USA the bulls and the bears have been having a glorious battle over Zephyr stock. So far there HAS BEEN EXACTLY ZERO TRADES!!!
So lets all move on from this and look forward to something that is going to add 15p to this stock, namely the drilling results.
I am really encouraged by my holding here for a few reasons.
Firstly, usually there is a sharp falling away of the SP after spudding and although this has happened I would not describe it as sharp and consider the price has held quite well.
Secondly, the main MM is holding a massive amount of this and has not considered offloading as yet
Third, there is nearly always a leak of news from site which would result in either buying or shorting of this stock and I am definitely not noticing any material shorting. We are half way through this programme and I would expect that half the targets have been hit, we would not know the amounts of hydrocarbons are there at this stage but I strongly suspect that they are finding hydrocarbons. GLA
Hi Thebhoys
You are absolutely right this has nothing to do with oil price
This is MM shaking that tree and all the monkeys falling off. There is also a global sell off and there may be some margin calls or sellers taking profits. But I also believe there are some posters here and elsewhere raising expectations that are not being fulfilled. If you are a holder here give yourself the 20 days we have been told this drill we be completed, there are 2 weeks left. Hold until the results are known before bailing out. There is a SP of 20p on the announcement of good news
Hi All
I don't believe that Zephyr qualifies for OTCQB because as has been stated it is for companies that are at early stage. But White Rose had been around for more than 20 years. It is more appropriately listed on the pink sheets which is where it is at. Hence no RNS
I have been watching these comments regarding the US over the counter market listing and gritting my teeth with disgust at peoples inexperience. If you take care to look (please use the internet it’s a great invention) you will see that Zphyr listed on 28/6/21 and so far (last time I checked) there were about a dozen trades to date. So a massive damp squib
Good question. The answer is nothing happened. But the comparison is not the same as they were not eminent to drill. There is going to be a lot of speculation on the success of this drill and bringing more players into the market is bound to be good at least initially