depend on the upcoming news now . It needs to be very good. Even when we've had spectacular news over the past year the SP hasn't responded as one might have expected! Thanks football fans for cooperating appropriately. It's appreciated.
is that the low SP is due to the past manipulation of the price ,especially when the company was engaged in raising finance at the back end of 2022. At that time the SP was held around the 7p mark and the share has never recovered it's market acceptability. The company and it's brokers are the ones who need to act to remedy that. It is one aspect of investment here that CH often talks about and never addresses. Zephyr has no US institutional investors worth talking about and ,indeed, overall a total of only one ,which is extraordinary. The current SP on production alone should be circa 12p, and that should be easily achievable in the short term with the density of upcoming production activity and news. I do not think this is the moment to sell The BOD made some miscalculations at the time of the financing which damaged the liquidity of the share. They need to act to repair that liquidity. And soon!
Ezhik ....we're not talking about MKA, ZEN, or TXP, so contextually your posts are irrelevant. And The Chain it's been a long times since ZPHR has been "on investors radar", apart from when Edale sold out last week.
and the fact are : 1 That the SP is more or less where it was eleven months ago. 2 That the CPR has been delivered after a very long delay, (attributed to Covid among other causes), and that it went down with the market,( note the word), a bit like a lead balloon. 3. That the finance,(including a placing) has been agreed after various hitches,( attributed to Covid and to Christmas), and the SP today is lower than the placing price. That at the recent Webinar we found out that the company has been selling oil from the State 16 well when it's been at the "waiting for infrastructure stage" , ( which seems to have comprised a relatively uncomplicated and inexpensive line), for the past five months! And that one of our ,( only two), institutional investors seems to have sold their holding without the shareholders being given any notice of the event at the trumpeted Webinar. Doesn't sound too impressive does it? Now please BOD, continue to do all those excellent things you were doing without a hitch early on<(when I bought in
Below the 3% one is only required to drop below the 3%. So it is moot. But Edale clearly wanted to do more. Anyway it's a matter for the company to apply the threshold now, in this case. Zepyyr has always been a very illiquid share which is one of the reasons the SP has been shackled for at least the past eight months , or so. CH has been telling us for almost a year that the BOD is going to do something to solution that liquidity problem, but so far they've done nothing to that end. I have a fairly large holding here and throughout the past eight months it's been impossible to sell in millions of shares on the open market One of the reasons,( in my opinion), why the SP is so depressed. This share should be comfortably above 12p! Trades are usually 5k,10k 30k, etc with a smattering of 100k trades. Except when someone like Edale chooses to sell away from the open market.
It appears that the big seller last week was,(as I suggested here), Edale who held 3.5% and who now apparently hold no shares. So that would account for 50M shares , more or less, and no declaration has been made by Edale, or by the company!! So much ,too, for all those crying "placing shares" last week!
Lots of enthusiasm created here but none on the market. And we still don't know who sold the 50+M shares over the past few days. Nor do we know who were the institutional investors who bought big into the placing.Nor the reason for lack of buying in the US. The BOD needs to produce numbers which the market finds compelling . That's all. But the sooner the better.
Somebody has sold more than 40m shares . It could be an institution,(most likely) but it is just a procedure decision that has nothing to do with placing shares,which have all been spoken for long ago . Nor is it anything to do with shorting because this will rebound anyway. We'll see. you'll see!
You mirror my own sentiments theyknowitall. I, too, think someone has stepped out. These are not placing shares. I also think CH needs to come up with some fresh sentiment.The recent interviews looked a bit contrived to me.
whistler51. I think that the placing shares have been spoken for long ago. Some other reason for the latest blitz. Even a distressed seller. Who knows! But I do think it's past high time that the BOD told us exactly what the preparatory work being carried out is all about and when it will be completed. And when will the State 16-2 well be put into production. I think we're past the time for vague statements,or indeed no statements at all ! Sentiment on AIM is fragile at least. A constant flow of positive and accurate information is what's needed!
16 Million shares sold just after noon . And they ,at least , were definitely sells. And molatovkid,(and others), don't get hung up about the system. You're not going to change anything there. We'd all be better trying to figure out what's causing the malaise. Then we'd have some idea how to handle our investments.