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Personally I'd like it to go down! For me it's a buy cheap share and lock away in the bottom draw for a couple of years. Like it's been said, huge potential but not a get rich quick share. Hoping EAU concludes soon so I can add more
Didn’t realise their was an Rns issued so most of my post still stands.
The opening price will be fixed but after that anything could happen.
Theoretically although the price will be determined on supply and demand.
If demand is low then price will be lower.
If however demand is high then the market will show a higher price tempting holders to sell.
Anybody’s guess but would like to think the latter.
Positives.
Huge probable reserves in place.
Low drilling costs.
Drilling and appraisal only a matter of months.
High helium price.
Negatives.
Still trying to find one.
All above imo of course.
Looks like that is what it is saying.
Hopefully it opens around that price and the market feels more comfortable investing in a penny share rather than the current sub-penny price.
I might be barking up the wrong tree but is it saying opening price will be circa 5.66 pence ie .024 X 236?
So if Attis trades at double it's conversion rate price that means that H1 will open at 2 times the list price? Or can someone explain that statement better please
"Please also note in order to retain market cap neutrality for the event, the price being used for the addition of Helium One Global will be adjusted based on the last traded price for Attis Oil and Gas."
I don't want to say I told you so, but I did. Whatever the price is on the last day of AOGL trading will be effective to the Helium One trading price on its first day, after the conversion of 236 to 1. That means there's no point in waiting for Helium One listing to buy if you already intend to, it's all the same from now on.
This is still a good company to invest in imo but it wont be the get rich quick share some people might be hoping for, it will require a long term hold to get the true reward.
All the best to everyone.
I did some more research and I came across the below, I assume its common knowledge but in case some people are not aware, seems like it wont be until at least 2023/2024 before they start producing and equity raise planned for 2022 if all the results are positive.
"Drill plans
“The listing now is to raise £5 million to mobilise the rotary lie detector,” Minchin said. The company plans to drill in the first or second quarter of 2021.
“It’s great in concept, we just need to make the discoveries. We’ve done all we can now.” The company expects to hold a resource of 138 billion cubic feet at the Rukwa project. “At $280 per mcf, that’s $36 billion.”
Helium One will drill three wells to a maximum depth of 1,200 metres. Each well should take a month to complete and the company is in negotiations with contractors. The company can make savings as a result of the downturn, Minchin noted.
Success at the first wells would see Helium One move into appraisal drilling and 3D seismic, in order to understand trap geology fully. “In 2022, we would be looking for equity for construction and then it would take around a year to build. We could be producing in 2023-24.”
The company would build the $50mn production plant from modular components. The company would export helium as a liquid in an ISO container, via Dar es Salaam."
https://www.energyvoice.com/oilandgas/africa/ep-africa/276757/helium-one-tanzania-aim/
"Please also note in order to retain market cap neutrality for the event, the price being used for the addition of Helium One Global will be adjusted based on the last traded price for Attis Oil and Gas."
https://www.londonstockexchange.com/news-article/market-news/attis-oil-and-gas/14774717
FORTHEWIN, please note Helium1 Balloon already loosing its 'fizz' . Change now 0.0035 (-12.96%) @14.27!!! One cannot ignore the factual price.... it really is NO good swearing at opinions made on the board. Lets hope it opens at 5 pence or higher, I too want it to rise.....if it was to open higher, the prices at present would most certainly reflect that.
Many thanks, Quantumtar. Lets hope I am wrong, and it opens higher than 5pence
Judging by the sells, over the last few days and no interest in buying, Helium1 balloon MAY turn out to be a Lead1 balloon!!
one would have thought there would have been a 'frenzy' of buying. Based on this, my prediction is below 5p/share. I regret going in with a princely sum of £100.00. You win some / you loose sum.
Friday....not long!
Massive change here for AOGL holders come 4th December & hopefully a positive change in your PF value.
However the cost of energy required for fusion would nullify any return.
Don't hold your breath, but the product of nuclear fusion is Helium
I agree with you, there's no point in arguing further. At least we all agree about investing in this company. After all, we only have 2 more trading days, and then the moment of truth.
I just needed to say what I had to say to mitigate some of the negativity that was starting to appear on here. Good luck to us all!
Meant to say.
"I get your argument"
Wes Sam, I've only mentioned PRE once but I get arguments.
Not to sound like a deramper I'll end the conversation here and wish you all the best.
We all agree the company will deliver, our only difference is when to get in and if AOGL price now is a good or bad deal.
Wes-sam - PRE IPO was 5 times higher (your calculation) because PRE IPO'd with a tier 1 resource.
Helium just has potential prospects in not a great African country for business.
No one is saying anyone is wrong to buy AOGL at a premium banking on it opening around 6p... banking it not dipping below resulting in us cautious ones being 'correct'to wait.
You seem very defensive about your stance.
@Gist you keep using PRE as an example, but you Gail to mention that is IPO valuation was about 5 times Helium One, and the lowest it went was about -25% very briefly, and look at how it is doing now.
Yes, we never know what's going to happen with the market, but the fact that the current price is maintaining at this level is a pretty good indicator of how it is going to be when Helium One starts trading. I say it again, if anyone was intending to sell, they would be selling now. After Helium One starts trading, whoever hasn't sold now won't be selling at the IPO price, unless they were crazy or very dump, That's my reason for telling you it will be a tough competition to snag any shares at the IPO price on trading, if there's even any chance at all.
@Wes Sam. You have a point but they were saying that same on RLD and again the markets are so unpredictable, you are paying a big premium buying in Attis at this price and I personally feel you might not get the opening IPO price but think you will get in cheaper buying on IPO day.
Not long to wait now......
Wes Sam, you have a good argument.
Have you now thought of what happens after the rush? The possibility of the SP dropping? Am not saying it will, but just as its mentioned PRE with rare earth actually went below the IPO for some period before rising again.
Friday is almost here, we'll soon find out, all the best with your holdings and to everyone.
@British_Mike To buy now is because we're investing in Helium One being undervalued at the IPO marketcap. I know you and at least hundreds by now are waiting on the sidelines for the Helium One begin trading at the IPO price. Can you imagine how it's going to be when all of you start putting orders to try buy at that price, not to mention that most brokers will not be able to update all their shareholders with the new shares on day 1 and there will probably be a few days of delay, which means the share float on the first couple of days is going to be very low.
In my opinion, all the people waiting to buy on the first day are going to give us a huge service, as they will definitely drive the price up a lot, probably much higher than the current price, so good luck trying to put an order early enough to catch something.