Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Hi Surfer9, I didn't do my research as well as I should have. But fortunately I only bought 200k shares at circa 19p. If I had made myself aware of the way the shares were distributed I wouldn't have invested. A failure on my part! But I'll keep what I bought in hope of some improvement in the SP. I just don't think that the current distribution,(of the shares), will be conducive to SP advancement . Sorry about what you perceive as my negativity and I'll leave it there.
Hi papaduke, I wish you were right about that. A broken valve can hardly be put down to that, more likely to incompetence and shoddy material, I think.
Like you I have a large holding ,(considerably more than your own,if I may say) and I'm well and truly cheesed off with the performance since 16-2 was drilled. Not surprisingly the market has failed to show confidence in the company.
It's hard to believe that these guys drilled their first well without realising that they woul need a low cost pipeline to transport the gas and also to obviate flaring. But two years on the pipeline hasn't even been started!
Zepher still has only one institutional shareholder and not even one in the US. The SP has been languishing for almost a year and a half and the company has done nothing to address that apart from employing Auctus who have been useless.
We hear less and less from CH, whereas a year or so ago he was in our faces every couple of week telling us what a wonderful prospect Zepher was.
I don't know whether Zepher is a lost cause, whether the management is deficient or just plain unlucky, but I do think that it has lost touch with its investors. What we are dealing with now is a company which has drilled a couple of wells over a two year period and sold nothing worthwhile.
Someone suggested in an earlier post that the company should employ some top class North American oilmen who would let us know rapidly what is the matter.
I bought in here to make money not to read about problems and witness a languishing SP!
for a short interview by CH with an update on the state of play and a couple of pictures of the well site. We are in the era of instant communication after all. And all we're going to get here (as we have all morning ), are the uninformed opinions of verbose posters who (by the way), may have very little invested here. A first hand ,and more detailed appraisal online by the company would almost certainly recover the SP.
but if 36-2 comes in at 2000bopd, as has been suggested, there won't be much point in using revenue to purchase more non ops . What ZPHR needs is a gusher in Paradox and a clear plan for the future. That will answer all the questions and be beneficial for the SP. But I do agree with your "limbo" comment.
Thanks Stiffybristol for your helpful comments. But I don't think the prospects here are as rosy as I thought when I invested.
In fact Prospex is a small invesment company with a very few staff ,and a large number of shares in the hands of eight private investors, most of whom bought their holdings at around the 5p mark or lower.Lucky them!
The price having reached 20p one of those investors sold part of his stake to give himsel a profit and a free ride. Nothing whatsoever to criticise in that! But that will continue to occur if the SP rises again. So, I think all the rhetoric about elevated prices , and even a buyout was probably just that.
I only hold a couple of hundred thousand shares so I'm prepared to hold on for a while yet but only in hope of a bit more recovery. In passing I note that the CEO only holds around 1M shares. Well he knows!
with a high proportion of the equity in the hands of a few private investors and constant posts about the imminence of mega prospects. But in reality nothing happening apart from a 50% fall in the SP in just over a month. I'd love a ciued up investor here to explain all that as I'm a 50% loser ,(of my capital),so far!
There are a lot of punters here scratching around to justify a lousy performance in respect of the sp for the past eighteen months. Still one institutional investor and very litttle market impressing news. When oh when!
..xvoiolet and Surfer 9 for your comments. And you're probably right that the supporters bought in here at even lower sp's than the current. You're also right Surfer9 that I bought in near the top so I may as well keep what I bought and hope for a recovery. But what a drop!!
Thanks AMJ20 for your heartening ,if cryptic, comments . I hope you're right because I've been here for less than a month and I've already lost half of my investment. And yes I have done my homework but I'm finding it hard to justify the 50% fall or confidently imagine a 50% ( minimum) recovery. The scorers here ,(quite reasonably), are those who bought in in the 2ps.
Thanks The _Chain, but I have re-read the 25 August RNS which makes mention of the pipeline but does not indicate any permits being sought. You are usually accurate in your assertions and I would be grateful if you would tell me where exactly you came by the information.
And,by the way, I was also disappointed that there was no mention of any activity related to the larger bore Dominion pipeline. Go well.