Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
That's all it is. Nothing seems to happen apart from the next raise to pay the salaries.
The market has no faith whatsoever in anything CH says. Unfortunately his words don't match his actions.Every time he makes a presentation the SP falls.
The only circumstances which will reverse the downward trend are a farmin or a major increase in production from the own drilled wells. The nonop wells will do nothing to enliven the SP.
2.5m shares traded today and we have seen a further fall of 7% in the SP.
Fact is that there are very few punters as evidenced by the low number of contributors to this board most of whom are probably SIPP traders who think they can wait a couple of years while their pensions mature. Goood luck to them!!
Meanwhile the BOD here need to employ a publicity outfit to be given some advice on how to manage the visible profile of the company which is currently in tatters.
It shows that the non op wells have little or no affect on the SP,(ie the market). What is needed is substantive progress on the own drilled (Paradox) wells. Nothing else will fill the bill.
Also note Adon 30 reference the monetary benefit of the 550m barrels!
IOG is not UOG.
A more positive RNS with suggestions about participation from other companies as well as definite progress related to Paradox in general. I'd guess that the unenthusiastic posters here have negligible investments in ZPHR. Let's see what happens to the SP if CH does a presentation now, which is quite likely I imagine ,because he has a lot to explain. Now may well be a good time to invest.
What's clear is that that the level of misinformation and witholding of information being peddled to its shareholders by the company in relation to 16-2 and 36-2 is immense.
Whether the felt need for such duplicity has been down to sheer incompetence on the part of the company or by the people they have chosen to drill the two wells or to some miscalculation of the real potential of Paradox is a a matter for debate.
What is certain is that communication by the BOD with its private shareholders has been dreadful for the past year or so. Witholding information is never acceptable.And Zephyr needs some competent oilmen rather than to bediscussing the pros and cons of a failed well with an insurance company.
There were slightly more buy trades than sell trades today and the value of trades was, more or less, equal.The drop in the SP was down to a bit of manipulation by the marketmakers.
Nevertheless I'm not overoptimistic about the upcoming RNS. If there were to be a very positive announcement they would have made it without waiting for the half year results.
In any case the pipeline system is not complete so oil and gas delivery will be compromised for the immediate future.
The management here has been at least unfortunate, but as communicators over the past eighteen months they've been as poor as can be.
Just one ray of hope. We have one important institutional shareholder and while they remain my confidence will prevail.
The declaration by the company that there will be a statement in the next three days about the pipeline and progress with Paradox there is very little buying activity and,indeed very little activity of any kind related to the share. Such a situation usually suggests lack of confidence in the news to be provided.
The SP of ZPHR is at a relatively historic low and good news should see a serious uplift. So why just a handfull of buyers at this point?
45 trades and about 6M shares contained therein. Not much activity on a day when the BOD began to give some promising hints about the near future. That's how you make money on AIM. Invest while the price is low. We'll see, I think.
...and it elucidates some of the many remaining issues. But a remaining issue is whether Zephyr might be close to acquiring that often spoken of partner. If the news is super good now might be the time to do that, assuming the state32 blowout is resolved.