The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
No you are wrong, simple as that.
For two years Zephyr has been blighted by Traders. Particularly Traders of no real substance i.e. Punters trying to make short term money using gearing orT trades. I e. Money they don't have. Granted there has been newsflow from the company suggesting good news is close at hand and the punters seize on that. Are you naive enough not to realize that the market knows exactly what trades are "hot" and more importantly when they time out and then take advantage.
No you just carry on blaming the company for your losing "bets". The reality is the company are working diligently and carefully to ensure as best they can, a satisfactory cleanup and consequential satisfactory flow test. Yes, it is taking a while and personally seeing my investment dwindle by several hundred thousand pounds doesn't give me any pleasure but like other serious investors. I am happy to let this play out.
As far as the traders go ,40 years plus in the business taught me quite a bit along the way!
Thanks for your profound opinion Bubble, your posts are always so informative.
Who is talking about being funded or not? Not me.
I do know the company is operating in the USA.
I do know they are generating sufficient cash to fund Paradox venture.
As someone who has retired a couple of years ago from a lifetime career as a Broker i have a fairly good understanding of these things.....
A penny share on aim is entirely at the mercy of punters and traders.
A consolidation and a bigger exposure to US investors as a result would be very much in the company's interest.
Furthermore my investment here of more than 9m but less than 15m shares would feel a lot more settled!
I do my own research but thanks for the suggestion!
I believe your observation is entirely correct? And that's the market, particularly in aim shares as fallen off a cliff.
Personally, I believe the companiy's best course of action would be to consolidate the shares 10 to 1 and furthermore if feasible to transfer from the aim market. This would also open the door to a much larger base of potential American shareholders who do not have access to penny shares.
V111JAS, absolutely spot on. The moaning does come from the daytraders and gamblers and yes, the MM's are not a benign force and will always exacerbate the situation.
Try emailing the company and see what they think of the day Traders. It's very disappointing that the share price has dropped from 7.5p where it was even before permits were given let alone successful drilling. It is not the company's fault that we are where we are and they have been highly professional in dealing with all the challenges they have met. The fault for today's SP lies entirely elsewhere.
There is a bit of a myth being propagated that Zephyr don't have experienced oilmen in their corner. That is a lie, pure and simple. Not only do they have strength and experience at Board level but also at management level and most importantly in field staff with hands on the kit. Fact!
Northern, pretty much agree just wish i had taken my holding in the last month or so rather than last year. I'm sure that Tyndalls must be feeling the same! Even the Board could have waited a few weeks and saved a Hundred Grand or so!
I applaud your optimism and certainly wish that you are both proved right. The fact is that no matter how much oil, gas condensate, hot air, etc we produce we will not achieve that sort of share price until institutional investors are on board. The only thing governing the current share price is selling pressure being stronger than buying pressure because we are over full of retail investors and traders. Institutional investors will bring solidity and some stability and who knows if 36 2 is as good as we are led to believe and that production is on the short horizon they may choose to support Zephyr.