RE: Turner Pope Today4 Jan 2026 08:50
Thanks MTK for those words, appreciate it. Apologies, had a few too many shandy's when i was posting that. BB's & booze dont go well together.
I sold my sons ZPHR holding ( 2.3m shares odds. ). 60k ish. Reinvested Half into Alliance Trust ( long long term foundation ) & the rest into EEE, which is already up 17% in a week with much much more to go. Now that's a well run / get the job done Co.
Sadly i haven't thrown the towel in with ZPHR as i still hold 4m in my own SIPP, which frankly i cant do anything about as i'm down 50% ish. Neither myself or any one else could have imagined ZPHR would still be ( after the 36-2 success & the CPR) on the floor at 2.3p odds. Truthfully i thought in May, we would be 5p-6p by YE 2025 without any sweat broken, i owuld have sold at 6p & moved on. i believe any other share in the world with ZPHR's progress in 2025 would have risen very nicely. Not so with ZPHR.
I cant help but think Harrington has got things back to front. The complete priority after the 36-2 success SHOULD HAVE BEEN to get it producing & the other 2 wells just as soon as possible between May - 31st december 2025. Instead he spread himself far too thin with the Non ops sideshow, the so called $100m partnership & various other sideshows. We talk of cashflow & so does CH & his SP frustrations etc etc, But from now until the end of time, i will never ever understand his logic that simply, cashflow would have been solved by getting the 3 x wells staring him in the face online. Then a larger mkt cap & thus SP would have followed.
The end of year RNS with progress in the Paradox, should imo have come out in September & WHY wasnt the CPR button pushed in MAY after the 36-2 success , i mean WHY ???
How can it have taken so long to get even just to the Enbridge progress in the YE RNS?. My firm belief is that He was far too busy fannying about on Non ops side show / the $100m side show / nonsense about Fed Gov shutdowns / re- working his credit facility's & all the other excuses of the day . I think he was doing this as he believed he would secure a JV partner or a sale in 2025. But he failed. WHY?. Because he was trying to be a smart arse & put the cart before the horse.
He should have got all 3 wells online FIRST, then JV partners / investors could see a firm proof statement with solid production with which they could base an offer / development deal on. But he tried to bluff his way through without any production, VERY VERY POOR business decision Colin. They saw you coming & put you in your place son, and hence you have by your own poor decision making & frankly arrogance utterly destroyed the SP by 60% in 2025.
You are to blame Colin & noone else is.
Yes, i still believe ZPHR will make good progress in 2026. The Enbridge progress is very good news. I cant afford to take a 50% loss now though, so i'm strapped into ZPHR which is hugely frustrating as i could be making 50%-100% PA elsewhere. GLA