George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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.
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.