focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I'll just comment on a few remarks. One is for V111JAS's post. I posted this before so I can repeat it . I bought 7,123,000 shares in ZPHR one day ,in one trade, and I still own every one of them. I also have lots more. My critical interest in this company is because of the large amount I have innvested here.
Read SCEAUX's 16.31 post which details CH's commentary on the work "to facilitate and equip the export and sale of the hydrocarbons produces".
I won't comment on dsrt2012s posts because I just cannot understand what he's writing about. Sorry dsrt!
Lack of faith in a company which produced oil from the Paradox Baisin over a year ago and which as yet has hardly a saleable gallon from that source. And which has done nothing to popularise the share to US II's, despite that they said they would do just that.
I'm glad I bought in when it was cheap !.
If we had been told the truth from the start,( that they couldn't pump Paradox oil), we could all have left at 7P. Slippery monkeys here!
As for Malcy's latest opinion. Well a yes man is a yes man!!
Up and then down again. Auctus employed to no purpose it seems. Panmure Gordon looking ineffective, no US institutional buyers, just one UK institutional investor (Tyndall), the webinar delayed for another month, and the SP speaks of minor traders being able to skin the SP. Strong hints of a lack of investor confidence. Let us see the oil which is now a year overdue. Good news creates good sentiment.
I don't think so .One 1m trade today! The rest are , more or less, small trades. And the MM's are enjoying themselves as they widen the spread and reduce the SP--yet again! If they would just get State 16-2 into production that might help matters. This yo-yoing has now become tedious after more than a year of it.
What's needed here is a declaration by the company that it is producing large quantities of oil from it's self drilled wells. That might encourage a new Institutional Investor,(as well as some interest from the US),which in turn should give real wings to the sp.
yes it's high time the company's brokers got down to making the stock more liquid which will accelerate any increase in the SP. Like you I am heavily invested here, and while I'm happy to see some advance I don't think daily trades of under 15m is going to do very much for liquidity or SP progress.The news is good so let's have some good broker action!
...now appears fairly clear to me. The company still hasn't produced oil from it's own drilling efforts. All it's production is from non op wells bought with money raised by one means or another. That certainly won't have impresssed interested institutional investors or larger private investors. Zephyr need to produce oil from State 16-2. in large quantities. That should unbloc the SP malaise.
Why the almost static SP. And why the low number of trades. The questions I've been asking for months now. This has nothing to do with placing shares. Too insignificant. Some how there is,(and has been) , a lack of enthusiasm for the share.
Agree with all you say. I believe the Webinar will be a crucial turning point because the future will be detailed there and your comment about the prolific quality of 16-2 is really important.The linkage to Cane Creek/Paradox is vitally important ,as is the fact that 36-2 is fully funded.
If TP wanted to sell their placing shares they will have done so long ago and at a better price.
Today's trading was pittance stuff. Largest trade 500k!
The reason that the SP faltered is that some traders continued with what they've been doing for almost a year. They sold the small quantities of shares they held.
And the reason for that is simple. Confidence in the company is at a fairly low ebb. Too many delays, changes of mind by the company and failures to comply with some promises.And especially the failure to pump oil from 16-2 a year after it was drilled. The market is not keen to put its money where doubt has been allowed to develop.
A few big late declared buys might strengthen the performance of the SP in future days. Hard to believe that strong buyers are not piling in here while they have the chance. If there are none it will speak poorly of confidence in the company.