Member Info for Setanta1

Not talking down the company ,(in which I certainly have many millions of shares, YES), but making intelligent comment on the current situation. Bit beyond you I suppose!!

confidence in the company were high investors would be buying,not selling, on good news like todays concession of permits. And I never mentioned the crypto. Have a bit of common sense!

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.

can't stay above 6p and only 9m shares traded. That's where the real question lies. Why!

Don't forget,IG, that if 16-2,(with 2000 barrels possible per day ), were brought into production the sentiment would change immediately. And that event should precede production from any new wells.

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.

as you please The Chain. I'd prefer if there were no finance nexus. But..... I've seen such things in similar situations. Let's wait!

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!

makes perfect sense. The lower the price the subscriber pays the more profit he makes. By the way that is fundamental and known in investing.

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.

MTucker, you've just confirmed what I've been saying for a long time : that the company's brokers have been restricting the SP. Let's see what happens as we approach 6p again!

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 number of trades is pathetic,(the 5M was from another day ), and the retreat from 6p has been carried out again. Someone is active in protecting the 6p plus. Interesting to know who and why.

The permit is the key!