Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I guess you mean "non news " periods but there certainly have been plenty of such periods in the past year or so. But the BOD didn't buy any shares anyway whether the market was open or closed to them. That's the important point! Thanks for your reply.
It's the thirty day period before a financial report. And ,though there may be exceptions to that, can you tell me the last time any of the directors bought shares? They've had ample opportunities. With the exception of CH I believe I hold more shares than the rest of the BOD. Not a good look (for them), is it ?
as far as the shareholders are concerned since August of last year when the SP was 6p and State 16-2 had been successfully drilled. We've had no news whatsoever which has had a positive valuation effect. The much anticipated CPR turned out to be a damp squib after all the hype. CH was telling us tht 16-2 would be brought into production "as soon as practible", and we're still waiting. Does it really take more than 10 months to bring a successfully drilled mine into production? That's a serious question!
Somehow the gilt came off the gingerbread here when the finance was being negotiated here just before year end.
A few things to remember: the crypto will be a small event. At the rate 16-2 is being brought into production we are unlilely to see any production from the new wells before 2024.Nothing has been done to improve the liquidity of the share meaning tha the sp is flipping and flopping on the back of risibly low trading.
The very least the BOD could do is produce a credible timeline for th various activities and stick to it. Oh, and they could also buy some of these low priced shares!!
Also remamber the much vaunted pipeline is for gas and that should be part of the clear information.
Ref your 13.29 yesterday reply to my post I think you may have enlightened me . Your post made the equivalence between gas and oil in the BOE aspect quite clear and I now believe that that is what CH was referring to. Thanks for the clarification. Go well.
Islandgirl, there wouldn't be a Paradox without the non ops,(or some other source of finance), and there won't be a buyout,(or certainly not for a long,long,long time, if ever). That's all dream stuff. Keep a closer eye on the RNS's and on what CH says.
in your suggested strategy,(Islandgirl), is that the bulk of the non ops,($36M for the last Williston batch) were bought to fund the Paradox project, and they also have a finite life. So just buying them for revenue is not a forward looking strategy.
I believe State 16-2 will be successful. What irks me is the length of time it has taken to bring it into full production, and,(in my view ), the lack of clarity relating to the methods.
for that TDav but CH has declared on several occasions that Zephyr will be mainly an oil company, with gas as the bonus. Can't find the references just now but when I do I'll post them for you. Meantime I'm sure some of the longtermers here who do their research will support me on that.
In response to a battery of questions CH appeared to say that Zephyr might lay a pipeline,or they might get someone else to lay one on a commercial basis,(for oil?), or that they may truck the oil to a railhead for transmission to a Gulf refinery, or they might use the Dominion pipeline,(for gas?), and that they might use that pipeline for the three upcoming wells,(for gas?), and that they will sell gas to crypto miners,etc,. Seems to be more talk about gas when Zephyr intends to major on oil. And if trucking the oil from State 16-2 is the best option why has it taken them seven months to do it ? Confusing!
Thanks Hoarder and I agree about the unfulfilled promises "echoing around the tv studios".
And, V111JAS, I am astonished at how much I am in accord with the myriad of points you made.Why CH couldn't have been quite clear months ago, for instance, on the requirements necessary to bring State 16-2 into full production just baffles me. While he was negotiating the finance we might well have been able to reduce the amount which had to be raised if we had production from that well.
There are so many excellent points in your appraisal that I'd be typing here for a long time to cover all with which I am in agreement. What pains me most is the very diminution in transparency you refer to. Thank you for a first class resume. Go very well !
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.