focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
At the weekend I did a review of the detail I've kept on Zephyr and , while I'm still not sure that we may not see another finance raise I concluded that the strong reasons for the range bound nature of the SP is probably as much to do with poor market sentiment as any other cause.
The markets want detail and we haven't had that , (with accuracy ) , for some time. A little less than a year ago the BOD knew that we wouldn't be able to produce oil from 16-2 for at least a year but we weren't told that.
Various other delays have piled one on top of the other. Then there was the placing and ,more recently, a lack of substance in communications added to the Malcy speak.
Thus we have no new institutional investors and we've lost one of the two we had. What is clear is that everything has taken too long and delays against targets have not encouraged the markets. It's pointless for shareholders to be chasing permit accession. It's for the company to let us know when they've been granted with reliable dates for the commencement of drilling.
So far 2022 hasn't been a glorious year. Let's hope it improves---soon.
Note that at the time of the last placing in January the same shennanigans were being conducted with the SP and the SP was identical to what it is today. And if there is a placing in the offing now it will be done at the same price as the last one- 5p.
IG's surmise that such an event could be planned to purchase more non ops seems credible to me. No one posting here who is also an investor wants to see a placing but it is always good to conjecture. What is about certain is that the share activity today,( and on many other days too), has been managed to restrain it. And that is exactly what company's brokers do before placings.
Hi Thebhoys, hope you're right. I'd love to see Zephyr being sold but at this juncture I doubt it will happen. I noticed in the RNS related to the Kirkwood cooperation CH made no mention of how Zephyr would pay for it's 50% share of the costs, (which was unusual for him), but I also hope that my possible interpretation of that is incorrect. Go well.
The Chain,in the RNS related to the appointment of Panure Gordon as Joint Broker there is no mention of any access to US institutional investors and ,anyway, the connection is with PG's UK arm.
Fact is that the SP is being "managed" by PG.
Also Zephyr have already done a placing and, while we all hope they won't do another, there is no guarantee that they will not. Time will tell!
The Chain, I hope you're right of course. But it's been some time since CH commented on the financing of upcoming projects. And I remain convinced that the range bound and illiquid state of the share has a reason outside just buys and sells. Especially on such small quantities. But we'll see.Go well,
Firstly, The Chain, no aspiring investors want to pay a dime more that they need to pay for any share. If the ZPHR share were not being manipulated the price would be much higher today. That is my opinion.
My opinion also is that Panmure Gordon was brought in to cater for the probability that Zephyr may wish to raise finance in the near future. If the SP were allowed to drift upwards too much that raising might prove difficult.
It is worth noting that in the RNS announcing the cooperation agreement with Kirkwood no mention was made of how Zephyr will fund it's 50% of all costs!
When the finance raising at the end of 2021 was poorly executed Zephyr ended up with a fund raise at less than excellent terms ,and the SP has not recovered from that experience to date . The SP still stands at 6p.
That's how I see it.
I don't disagree with the sentiments of Thebhoys or The Chain except to say that Panmure is one of the company's brokers, ( not the market), and it would be interesting if they were manipulating the SP. And,yet again, the upswing has stopped just short of 6P. I have long been of the opinion that the SP ought to be nearer to 10P at this juncture.
CH acknowledged the illiquidity of the share in July when he announced the entry into the US OTCQB Venture Market and also the appointment of Auctus. Neither has had any noticable affect on the trading of the stock which stands at around an average of 8m per day.
Tyndall holds ,(and has held for a long time). about 8% so it is clearly attractive to one institutional investor. CH also noted that there were institutional investors involved in the last placing but they were never identified.
Even private investors only trade in relatively small numbers.
For some reason a stock which looks gilt edged to investors doesn't attract very many even when it produces good news.
I do not understand why the 6p point is always restricted but I have a feeling that the " interferers" are the company and/or its brokers rather than MM's and traders. But then I've thought that for the past year. Problem is that I can't work out why unless it has something to do with the scope for raising finance until ZPHR produces its own oil.
The Chain and I thank you for your maturity. As a matter of interest I never held the number of shares in GGP that you probably held because I was a bit late in and doubtful. I left when it fell back to 30p. But I found it to be one of the best and most knowledgeable boards I frequented.
Part of my occassional irritation with the trajectory ZPHR has followed is undoubtedly due to the size of my holding. But I still have great confidence in CH. Go well.
I posted the number of shares I held quite a long time ago and I was accused then of being some kind of fraud. I was not and I am not. The plan I am working to is completely genuine. It's just that the majority of posters here don't have a long term plan nor do they possess the kind of financial investment I have here. There are a few millions of trades investors here but several left as the SP retraced.
Answer to your question IG is :mind your own business and concentrate on your own small holding. But I am well on the road to the £1M mark.
And Thebhoys you're manifestly not Setanta 1. Maybe you're your American cousin.
I came to ZPHR via GGP and the BB there was the best one that I have ever contributed to.There were quite a few contributors there who had become net millionaires from their well timed investments and each one who declared that level of success was heartily congratulated by board colleagues.
One such helpful member told me that the secrets of successful AIM investment were: 1.To choose a market segment in which you were comfortable. 2. To only invest where you deeply admired the BOD and its plan. 3.To only invest money that you could lose without causing any change to your lifestyle.
I was a relatively late entrant to GGP and I cashed in at around 30p with a decent ,but not magnificent, return on my money and I began the quest for my own ""million pound model".Several months later ZPHR appeared on my research screen, and I was so impressed by Chris and by the plan he was outlining and executing that I began to invest with confidence that I was on a winner.There have been some deviations since then but,in fact, I'm well on the way,(I think), to the outcome I have been seeking from the start.
Just two facts I want to add in response to the comments of The Chain and IG:
1. I don't have any alter ego here, nor do I need one.
2. I bought 7.123M shares in ZPHR on one day, and in one trade, and I still hold every one of them . I also bought multiple millions of shares in ZPHR in smaller deals.So I@ well invested here.
I'll be very happy to post if I achieve my ambition!