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I still have questions, but first I'd like to make it clear thet CH did not say that oil from State 16-2 would be delivered by "old style tankers until the first half of 2023"(dsrt2012). Why it should take more than another six months to construct a simple ,(CH's words)), pipeline of a few miles with a £1M price tag is beyond me. More so since it's necessity has been evident for the past eight month. And the "tankering" is so unimportant that the figures aren't even included in quantity of oil sold.
Also, I can't understand why none of the director have bought any shares in the past months. Don't bother telling me they were in "a closed period" because for most of the past six months they have not been. I now think I have a larger holding than three of the five directors!
About eight months ago when the share price began doing it's flip flops CH declared that he was going to attend to it's recuperation He obviously did nothing about that. He made the same declaration at the Webinar, where he also said Zephyr have "several institutional investors above the declaration point". We have just one! And where are the US institutional investors he used to talk about. There aren't any!
The liquidity of the share is now a serious issue. It's been illiquid ,(dreadfully so), for well over six months. We, as investors, are here to gain profit from our investments. So it's finger out time BOD. WE need a rising, not a falling, or a static share price.
When the finance was being negotiated at the end of 2021 it wasn't too clear why it couldn't be completed satisfactorily. Then it dripped out.
When it was obvious that State 16-2 wasnn't yielding oil it wasn't too clear that the "infrastructure" required was, in fact a pipeline. Then that dripped out.And we still don't know what route is to be taken.
When the appalling liquidity of the stock became obvious it wasn't alluded to until three weeks ago when Auctus was appointed. That should have been done six months ago!
We still don't know who are the institutions who bought into the last placing and we've never been told by the company that Edale has sold their holding.
I've come to have a mild dread of another Webinar, or another interview, because it all seems to be a repetition of the same,(well presented ), points.
The ZPHR SP should be in the region of 10-12P and it is struggling around 5p on pathetic trading.. What we currently have is a veritable heap of non ops and ,(yes), a good strategy but a lot of smoke and mirrors being passed as transparency. Come on CH, lets have some news that excites the market. I'm fed up with the story being about 5M shares being traded on average day and every rise being clawed back on the day it materialises.
is that it's been decided to let it go this time after six months,or more, of SP management. Today's movement is not coming about off the back of 5m shares traded. There will be lots more revealed in the after hours declarations. I think they've decided to let the SP go a bit, which almost certainly means we will be having an update on 16-2 About time too!
No chance! Paradox IS ZPHR. The non ops were only bought to fund it. They'll be exhausted when Paradox is getting into it's stride. Or weren't you listening? It's just waiting for a suitable infrastructure,(pipeline), that's all.The thirst for good news is obviously affecting your judgements!!
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!
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.