The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
This is an interesting move by Challenger and notably a change to previous announcements. I managed to have a conversation with CEO Eytan Uliel this morning and he was refreshingly open with me. He thought that the previous raise was good but investors ‘hated it’ so on the basis that they are not too proud to admit to mistakes they decided to ‘bin it and replace it with a conventional facility’. Fair dinkum if you ask me mate….
Well someone, in the know of course as they will be given a clear run for DD in giving this loan, is still happy to pay 100% more than yesterdays closing price. This is a very good deal, not at all one being held at gunpoint.
Lots of dumping if sells / buys to be believed
If i understand it right the options they got, vest at a Market Cap of about 120 million. That is x6 from now. I totally fail to see your problem other than you continually whine about the past.
This is the stock market, not a fairyland nirvana where everything goes right. You made a very poor choice now you pay the consequences, that is the deal. But now you want to continue talking down your own money even when there is a day of good news. Honestly you need to rest up for a bit mate and chill.
I agree very much with you in that our team are in fact very capable, have some of the best and have shown their capacity to manage affairs well in this valve failure. If you get a broken windscreen or flat tyre its not your fault, however if you have no insurance, no spare tyre and no spare windscreen then you have asked for trouble. The BOD and staff have very clearly got on top of an impossible to stop problem, involved all interested parties ie no attempt at all to cover up, and have shown the best way to deal with emergency situations.
This talk of 'opening shorts' is silly. No broker will touch a deal of shorting ZPHR since a share at 4.5p which has in theory no upper limit is quite obviously not a good trade. I have often seen people bragging about how they short this or that share, even with fraction of penny shares where risk is so skewed to upside no-one in their right mind would think of doing so. However these BBs are unregulated arenas and so we have to put up with such nonsense.
ZPHR are moving along, have had their fair share of problems but are dealing extremely well with such. S week has gone since Colin said the testing would start in weeks rather than months, he is very canny and would certainly be advising us to the conservative side of expectations and i hope to see more from him about the testing program by halfway through May. We know we have hit a natural fracture, we know the pressure is simply immense so it would be perfectly natural for us to be producing from this well in line with the very best in the area. I am no trader, i like to invest in companies that have good assets, good management and good financial arrangements in place. I am happy we have all of those and look forward very much to hearing more of this testing very soon.
Totally agree, the new managers have brought us a long way, the underground, valve or operational issues are actually not their fault, they had all possible safety measures in place, hence no expansion of problem. Now they are about to continue testing, it will be three or four weeks but the well itself is potentially a huge resource and i for one am definitely not at all worried in waiting for it. This time of year the markets are weak across the boardl.
I can never understand those like Uggy who post and post and post utter drivel, no actual information just whining non-stop and blaming others for their own decisions.
Colin really does speak well, and that is because he is dead straight and totally clued up. I really liked it when he was giving recognition to the staff and also the people in the locality who were put out because of the road closure. Small things show just how much the CEO really knows, and what kind of person he is.
Very good news Testing is starting in 'weeks' but i was surprised at how the company is scheduled to develop in the next year quite apart from this test now. Pipelines all ready to start, very short distances too. Very happy shareholder who is going to get some more as funds permit.
Moram have spouted about changes to COO before its known what happened to the valve. The response by theCEO and COO so far appear fast and good. The ,confirmatory, Environmental study will, i bet, be very fast and good news. Insurers being involved and making suggestions is good too. This pressure may indicate some goog gas potential for whole acreage. Interesting time for sure,holding tight is no proplem for me.
Poor little Uggy. It was not you at all who had the idea of buying shares in RBD. It was not you who didnt read the RNSs properly, or at least didnt comprehend them properly if you did read them. It was not Uggy of course, who decided not to take a profit when it was there. Uggy blames others for all this. Uggy especially hates the two joint CEOs, Uggy calls them names, Uggy calls them names even though Uggy may end up in court if Uggy is not careful. Uggy likes to accuse the two joint CEOs of naughty things. But most of all poor Uggy doesn't understand that in the oil and gas industry only 4 wells out of 10 get success in finding hydrocarbons, and only 3 out of ten of those are good commercial wells. Poor Uggy, just cannot understand all these things, so flails around blaming everyone except Uggy, who of course, is perfect.
It was not Uggy of course who then posted day in day out for hundreds of posts, with no actual company information in them. Just nasty minded stuff aimed at disrupting something. Poor Uggy didn't actually know what Uggy was trying to disrupt, just flailing around blaming everyone else for poor Uggys lost money.
Lost? Not yet but Uggy doesn't realise that losses occur upon sale. Now Uggy is wanting to contact the board of directors, but they dont want to speak to Uggy. I wonder why?
Uggy, blaming the TCs is a bit rich, shouldnt you blame the person who made you buy your shares in RBD? Surely that person is holding the biggest responsibility, certainly far more that the RBD 2 who actually are getting the company into a decent position, not that your eyes are able to see it.
was totally horrible. there was nothing nice about them but you had to have one as ( A ) they were a right of passage. and 9 B ) they only cost 80 quid. I bought one of a guy in Storrington West Sussex and the half shaft shot out of the bloody thing, with the wheel attached, coming over Greatham bridge. Was going a bit fast but never got another.
I think my own gut is currently over-pressured with the excitement of knowing from all of the existing evidence that they have not put a foot wrong for a very long time and won on their deals, their exploration, their lease acquisition, their drilling, their reaction to the well problems. The way they get on and sort stuff, when we get the flow news doesnt matter to me, strange as it may sound, i really trust their operational skills at every level. This bit of good luck, definitely, as it took even their drillers by surprise, has possibly put us into the real sweet spot of Utah drills. EEEEEEEHHAAAAAAWWWWWW
Like all here i am hoping for something pretty good given we now know this is a well that will not after all need fracking due to its excellent porosity as stated and it having hit a natural formation full of hydrocarbons. The balance of liquid to gas will inevitably affect the price so we wait on that too, the proximity of pipeline is excellent and if we get a good flow report as production level then this years sales will most definitely surpass expectations as they say. The other news of the 16-2 and the soon to be published corporate update will give more detail and should really let everyone know the future progress here is not just assured but one of being very bright indeed.. I am wondering if the corporate update will need to be delayed to include this latest information from 36-2. Surely the IIs will now be looking for the CU to allow them to invest. Happy days indeed.
You will be very lucky to get in at under 10p next week i think. There has been a large position being worked, at least to me its been clearly that, but hesitation was caused this morning by the potential for something to go wrong given its now a different drilling proposition. I am very happy with all that, but Mr Market isn't yet, The RNS unusually after testing didn't give any flow rate.... for obvious reasons. Mr Market doesnt know when the new flow rates can be given.
The flow rates along with the other well and the long awaited update, in my opinion, will push is to 16p or further and when they decide to allow it to move i think it will be very rapid given the charts.
We could get the other well results any day, tomorrow or next week but they are soon, and if quantifiable, will allow slide rules to be run over this project. The new data from the 'pocket' could make for some pretty stunning reading especially if the flow rates from this well are as good as they may be given the experience of the other producers in the Zechstein who have also hit the sweetspot. Happppppppy days