Thebhoys. But I think that a sale would be slower to accomplish. On the other hand it would probably yield higher rewards for shareholders. A buyin would probably create dilution in the short term but would also probably leave Zephyr with the current A1 team. So...!
Was he referring to the SP? Surely not, because there isn't any, and there hasn't been any since 28 June. That was the day the SP reached 7p and it's barely exceeded that price since. Just chance? I do not think so! Was he referring to the daily number of trades? I do not think so. because the daily average number of shares traded since that fateful day has been about .4% of the shares in issue.( Yes, point four percent!). Now that can hardly be classed as trading. So the sp is being managed. Held back in this instance! Why? Just my opinion, but I am increasingly convinced that the company and it's brokers are in deep negotiations with an interested party ,or parties, who do not want to see the SP rise above the 7p mark. Time,(and soon), will tell. A buyin or a sale? Take your pick!
Is just a convenient generic term to describe the practise of making trades to tidy up aspects of a portfolio. There were a number of examples today relating to Zphr. Trades for the same quantity and usually close together are usually for housekeeping. The reasons for carrying them out are various.
At least a dozen of todays 40,( so far), trades are just "housekeeping" trades and thus they, and indeed the days trading so far, is fairly inconsequential. And it's been that way most days lately. But it keeps the SP around, (and usually below), the 7p mark.
Hi Thebhoys, like RTB I found it interesting that they are proposing to drill a well which is outside the WSU and for which 3D seismic may not even be available That infers confidence in the prospects for the entire Zephyr acreage rather than just the,(very considerable) WSU area. Exciting times coming,I think. Go well.
Good post and I understood the lease lengthening function of the first of the three wells. Your take on the second well proposed is very interesting and implies even greater confidence. Wonderful company to be following! Go well.
I'd guess at a buyin in some form or a sale. The two wells planned for 2022 seem to be related to satisfaction of the WSU and I see the WSU as part of the prep to satisfy a partner or a purchaser. A positive CPR would complete the work for due diligence as negotiations proceed. No poster,(apart from myself), has commented on the direction of the SP which,( I think), has all the hallmarks of ongoing management. It has been range bound for several months despite a constant flow of postive news from the company. Daily trades are relatively few and decidedly paltry. So something is restricting the SP. CH has already stated categorically that Zephyr is not a "lifestyle" company and that it would be for sale under the right circimstances. So I would guess at a sale.
Malbrad. But don't you think that the WSU may be a prerequisite for a buyin or a major investment? I do . How else can one begin to explain the share movement in view of today's magnificent news? Go well.
The formation of the WSU will make the monetisation of Zephyr's assets so much easier, and the upcoming CPR will add to that certainty. Also good to see that two new wells have been scheduled for 2022. And the SP just stays steady. For now!
The fall in the Sp today has nothing to do with the latest warrants , nor has it anything to do with MMs chasing stop losses. It is very simply related to where the Company and its brokers want the SP to be at this moment which is where they've kept it for the several months. And the reason ? Zephyr is dealing with a buyer in or a significant investor who is insisting that the SP should be kept in the 6-7p range until the negotiations are finished and the deal is finalised. And that cannot happen until the success and the scale of Paradox is known beyond any doubt. So there! Just one add on . Apart from their duty to try to make a market the MMs wouldn't cross the office for the piddling trades we're seeing lately on ZPHR.
The MMs have got the message, and the SP manipulation goes on. Less than7M shares traded.Hardly worth talking about in the scale of shares in the company. I bought more than that in a single trade! As for the water mentioned.Rubbish! There has to be some water. Wait for it!
I clearly agree with you, Thebhoys: It's a (very) good place to be. But I see the reasoning differently. In my view the MMs are not the prime movers here in relation to the SP. I think it is the company through its brokers, neither of whom want the SP to get out of the range it has been in for the past couple of months. Read the comment in my previous post about the company's wish to attract " industry or financial partners". What those partners require is certainty about the prospects (of ZPHR), and an attractive buyin price. So the MMs are ,in my opinion, under orders to moderate any price rises for the moment. At the moment a good trading day comprises 10-12M shares . In January it was 50-80M per day. But the SP then was around 2p. So no threat to a future buyin on good drilling news! One only needs to look at this BB. There are hardly more than a dozen regular subscribers to the board of what looks like a runaway success. But 7p is a bit beyond the dreams of dreaming punters! When you and I began to buy in here we were paying around .8p. That's the price for dreamers! Give it a couple of weeks or so and the scenario will change. I think.