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Well, watwedontknow is whether or not these guys can turn this around. You’re right, having lawyer/admin qualifications doesn’t mean you have the deal making skills of Tiny Rowland but , call me naive, I’m giving them a chance. As I previously said, an interesting play if nothing else.
GLA
Muggins, LT, clearly you guys have been around a long time. Muggins thread on DVRG going back 5 years and I agree you are right to be sceptical and suspicious in your lack of faith in BOD. Are you sure NB was fully complicit in DVRG misdemeanours, hoodwinked by a crook maybe? He has a lot to lose not least of which is a lovely position at Blackrock and at 66 years old does he want to end his career with another DVRG failure or perhaps turn this one around? Bob Moore, similarly at 67 yrs old being variously described in his previous directorships as : Lawyer, Administrator, Co Director, Energy Consultant, Legal advisor, Barrister. Again it would be a poor ending to a career to be misleading the market with over optimistic RNS’s given the previous history with Brandon and for relatively small gain at massive personal reputation as cost. It’s an interesting play if nothing else.
If I remember correctly CH spent last Easter weekend directing traffic after roads were closed following the blowout. One difficult year on and Easter brings new hope again! Let’s hope for a better result this time around.
If the plant is mothballed, still not produced anything then where has all the cash gone? A bit more info for shareholders would be appreciated and well deserved after watching this investment sink like a stone….once again!
Yankee, what is the connection please between Brandon, Burton and Kingfield you allude to. I’ve looked at Kingfield and Jaytee cannot see any common directorate or links to either of the above and both seem nice little profitable companies. I read the RNS as positive moves forward, putting moves in place to press ahead with getting this business going again.
Not a good day again. 16 trades, 10 of those less than £50! BOD must be feeling the strain right now, they have great technology, little time to turn it around but just one transformational deal needed for brighter days. Come on guys give us all some good news!
It would be good to hear if the new generator contract is signed, installed, up and running. We are we up to with third party hydrogen project. Likewise is the plant still mothballed whilst awaiting ‘institutional investment/borrowing or are we smelting and granulating any HPI at present. An update would be appreciated as nothing else seems to be happening here, very illiquid stock!
There is always underlying negative news in every RNS from Zephyr these days. However CH has large personal investment here. Planning work has obviously continued on 36-2, still sat on potentially massive reserves, more infrastructure being put in place for gas extraction, drilling contracts getting closer, no one expected it was going to be easy, never is where oil is concerned. I respect Oilworkers career experience here but even more patience required now as hopefully we close in on a future payday. Let’s face it, not much point baling out now having been put through the grinder for the last few years! At least CH doesn’t appear to be priming us for another fundraise! GLA
We don’t yet know how Brandon managed to pull the wool over Burtons eyes but there is no way Burton would risk his substantial city reputation (check out Blackrock Throgmorton director profiles) for a small fry like Deepverge. Dissapointingly or naively seems to have been misled by a crook. Big task here to turn it around but he has the contacts and business know how to do it, involved in many different roles so let’s hope he can devote enough time to this high risk ‘gamble’ to turn it around.
Spot on Porky. What we do know is that the BOD have a lot on the line here, reputations, years of work invested in this company, probably their mortgages riding on it….dont forget they have never benefited from any sell outs so not super wealthy from their efforts at Aptamer, they need this to work. Yes, they have been over optimistic on revenue forecasts and need to be tougher on expenses to reduce monthly cash burn but we can be absolutely certain they are flat out trying to turn this around, if for nothing else they need to save their own skins. Just one deal could be transformational, they have great technology. For all our sakes let’s hope they get there……….soon!
Have I got this right? The whole facility, according to the previous RNS was mothballed awaiting new generators whilst also continuing development by third party of hydrogen usage in manufacturing process. Ironveld continue to tease us with Twitter/ X postings re how valuable and desirable HPI powders would be but there has been no smelting ops since pre Xmas. So, the recent fund raise was at almost twice current SP and here we are raising more funds. If the plant is mothballed, where has all the recent fundraise cash gone. It is surely time for some honest updates here as to what are the realities of getting this smelter in to full production and when.
No real surprises in todays RNS. A reroute or side drill will do doubt incur further costs and delays but not unusual for oil explorers, more patience required here. Big potential down there, worth waiting for.