RE: Progress!20 Nov 2025 16:04
Well The RNS is out, hardly a 'meaningful update' zero timelines etc. Short on details and plans and concrete next steps. In other words, a typical Zephyr RNS...a little bluff, a little bluster, and just wait for our next RNS...wash, rinse, repeat...
I agree with Banburyboy's comment at 7.35am today re debt and the largesly untapped line of credit of $100M (only a paltry $2.5 million was used).
For JO, the update on debt interest reductions is a non-starter event and is par for the course.
More importantly, we now find that Zephry has approval for $2M with an 'Implementation fee' of 6% per 12 months, plus 14% interest per annum...with a 'vague idea' how those rather expensive funds will be used...not only that but these funds may be subject to a convertable loan note at .0357p per share. In oter words, when the Zephyr share price hits say .04p, we can expect further dilution. Great stuff...not.
In CH's interview there was no update on the 'Data Centre' set up recently for would be farm ins or investors. In fact, quite the opposite, as CH mentioned, Zephyr has made the decision to prepare as if 'going it alone'. That tells us, there is no serious interest from other interested parties.
The only upside is that the independant valuations are decent. That said, a portfolio is only worth what 'someone' is prepared to pay for it...regardless of so called expert evaluations. Anyone in business knows that business brokers can value a business at X, only for it to sell at a significant discount.
For JO, this Zephyr stock currently has lots of red flags. Promises by CH of pots of gold at the end of the rainbow 'tomorrow'...may in fact be smoke and mirrors for a much darker situation here. Hence, I will hold my not insignificant investment (over Β£100,000) until the next RNS, which better be decent with concrete steps and timelines...or else JO will be off in a flash! An update on the 'Data Centre' progress...for a start (although it looks like that is already a non-starter) and a further update on the Paradox project wells connection to the 'nearby' pipeline infrastructure, and more.
GLA