Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
The gently falling SP at the mo was accurately forecast by Whistler51 (I think & apols to all if it wasn’t) a few wks back pointing out that Spud would see traders selling out, by simply being a point of risk crystallisation, tho let’s face it, those selling out after Spud day, & esp anyone flogging out today / this wk, are a little late to this particular “but the rumour, sell the news” party. GLA.
Tho tbf, only a few wks back in mid March the ST business section leader was “In the meantime, the world needs to keep the lights on. O&G + renewables are all key parts of that”. Indeed our very own recent senior management addition Andy Lee (RNS of March 28th 2024) in his previous roles at Cat Canyon Resources was on the sharp end of California’s long standing anti fossil fuel policies. Just personally I’m relaxed about the anti O&G movement & the timescales involved either way. GLA.
I never use em. However, just a thought that stuck me today. If anyone is using auto stop losses on their Zephyr holding, it may be wise to take them off before trading starts on Monday just incase the erroneous chart / last trade prices from Friday cause any silliness first thing on Monday. They prob won’t, as London Stock Exchange price is correct etc & we all “know” the chart / last trades price are incorrect, but maybe wise just incase. GLA.
Let’s hope they leave the erroneous chart up over the w/e & before they’re corrected, worth scrolling thru the 1d, 5d, 1m, 6m, 1yr & 5yr charts just as a reminder of how good it’ll feel on the day it happens for real. It may not be true today but if all goes well, it will be soon. And some. GLA.
Great research as always Adon30 & thanks for sharing. Just personally I’ve long believed 16-2 is a dud (aka test well/research well) for the reasons mentioned in my 7th March post & can’t help thinking Zephyr’re hoping when 36-2R turns out to be the gusher we all equally hope it may be, they’ll fanfare that all company efforts’ll be concentrated on bringing 36-2R to fully tied in production at the same time as quietly announcing the mothballing of the likes of 16-2 with everyone’s attention focused on the great new success (36-2R). Appreciate some may say “but Colin said…” but as we all know Colin says a lot of stuff that never actually comes to anything - whilst obs, as CEO, staying legal. Here’s hoping for success at 36-2R. GLA.
And in amongst what is a long & detailed RNS, 2 of the standouts for me were 1: “No bonuses of any kind have been paid to any of the Company’s directors in respect of the 2023 financial yr” & whilst I’ve no doubt we’d all say I should hope not after the yr we’ve had, it’s good to see it confirmed, imo. & 2: Worth noting the paragraph stating a former legal contractor, now a Zephyr employee ?, has accepted 3.5 million shares in lieu of fees, which may suggest they clearly see the value in that deal. GLA.
Worth noting H&P Flex Rigs have the option to be “walking rigs” so can be fully assembled on the pad to one side of 36-2R, if for example any pre-work there is ongoing, & then literally walked into position as required. For those who haven’t seen it, just Google “Flex 3 walking rig” for H&P’s own vid of this. GLA.
Out of hrs, on a quiet day & on the subject of “Long time arriving” let’s not forget… Ron Wayne… who way back in 1976 started the “Apple Computing Company” along with the 2 Steves, who between them owned 90% of Apple stock whilst Ron held 10%, which he sold within the 1st yr for 2 payments totalling $2300 & today’d = $12,000 ish. 10% of Apple stock today ? Just north of 1/4 trillion USD… ish. Ron’s reason for selling out ? He believed Apple “would be successful but there’d be significant bumps along the way” which is surely why those who’ve been here since the Vane & Rose days may still be here; success after bumps along the way. I’m not for 1 second suggesting Zephyr will ever grow in to an Apple or that anyone’ll wait 50 yrs for the payout, just that 36-2R is the inflection point, H&P is the game changer, so not long to wait now.. either way. GLA.
Either way, between those last 2 reported trades, nice to have an almost 1/4 million quid vote of confidence that there’s money, & hopefully plenty of it, to be made here yet. Surely we’d all agree on that. GLA
Tbf, the briefest of DYOR reveals Cat Canyon Resources to be a relative tiddler, operating in an oil field that peaked over 70 yrs ago in the early 1950s & also that the Co itself took a pasting from the local environmental lobby during Andy’s time there. All good learning experience tho & Utah should prove a far more positive regulatory environment, plus the Paradox project will hopefully take Andy back to dealing with the sort of numbers he was used to, pre his MBA. Can only wish him all the best because his success will be our success. GLA.
Tbf, looking at some of the relatively chunky (for Zephyr) sells today, would suggest they may be traders, perfectly reasonably, banking up to 100% profit & poss within a month, even allowing for the spread, so not too shabby. Just personally I’m holding over 3 1/2 times my orig buy in 3 yrs ago & happy to hold a while yet. GLA.
Bless ‘em, this is a brutal enough game to be in without not understanding that sort o stuff. Mind you, these BBs are littered with posts from folks who clearly don’t understand percentages. As in, for example, 85% undervalued is not the same as a potential 85% upside & the percentages truly are what this game is all about. As I say tho, happy to be corrected if there’s something I’ve misread in the updated RNS. GLA.