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However AIM expect surprises all the time .
May be JV who knows .
Tunes will be changed when this rockets. Reminds me of glory hunters and kids supporting the team top of the league back in school days.
This is HE1 not the other board.
Positivity and patience and then 🚀🚀💪📈
Investing should be like watching paint dry, if you want anything else then visit your local
Bookies.
Crossramping .Best of luck .
If you think hex will be only rising you must be on another planet let's see funded or not they have not drilled and have not discovered anything yet so you cannot be sure where is the best bet .Every one expect placing howev
money for nothing and the chick aint for free.
but if you want to make big money you either gamble at the bookies or a casino, alternatively you can attempt to rob a bank (if there is one on your high street).
aim is a crooks paradise and the chance of gaining a fortune is highly stacked against you
read all the past rns's you will see a pattern,.. the begging bowl in this company doesn't even collect dust.
i chose to ignore all the hype and quite frankly am fed up seeing my money constantly diluted because this shower of ****e plod along at a snails pace in the knowledge that they can raid your savings any time they need the funds.
since removing my investment i have piled up over 7k in profit over at hex, now on a free ride over there and i will wait it out until the inevitable occurs here.
i will only invest in this company when i see evidence of something that will generate income and stop the constant dilution.
hex by contrast fully funded and very little free float of shares which means no downward drift or mm manipulation of the share price.
That is somewhat "out of date" (10th April) - we need up to date information and news of progress.
In their last video announced the EWT was on schedule and due to be complete ¼/3. 2024.
I think you might have misunderstood - the point that I was responding to was relating to Lorna having shareholders best interests at heart. I have held this long term and have seen my investment eroded overnight when she decided to raise (yet again) and my investment went over 75% down overnight. I am sure that as a trader - HE1 offers great scope as it moves when certain pie in the sky announcements are made. But don't for a minute believe that the board has your best interests in mind when they feel like raising another tranche of £5M+.....
"Legalwolf - What if they have something up their sleeve though?"
They might, but I don't see any funders coming in at this stage tbh. Why? Because I recall LB said so herself in a previous interview, and because they haven't proven a commercial discovery as yet. Also and again, if they are looking to pay for the EWT through sourcing external funding, I believe they would have said do. They haven't indicated that.
Therefore, I really don't see what the issue is here. As Skippys has just set out (and he is LTH and invested here), the cost of the EWT is a lot more than what HE1 can afford right now, which all of us knew already. Therefore, they DO need to raise cash. The only question is how and when. The obvious and most likely route is the usual one of placing at a discount. It is not de-ramping to point this out, but plain common sense. Getting external funding is not impossible, but is highly unlikely. Noble had to place, He1 will have to do likewise. Just my opinion and expectation. Others might disagree. That's fair enough, it's your money. Mine is expecting and going to wait for the placing. Time will tell if it's the right or wrong decision. GLA
I agree skippy but it works both ways - no one knows if they are going to raise or not. I just think on balance they might, and will then have to top up again
AIM is fundamentally trying to work out if they are going to raise - and therefore get in after, or not - and therefore get in now. But I accept we don’t know
Very professional presentation - covers all the key points in a succinct way with great use of graphics and plans. I am fully expecting this to be presented in an engaging way and remember - it's all about the all important conversations that this generates at the summit.
So how do you know they won't put out an operational update RNS? Of course this is coming and may include detail on funding etc. We are getting closer.
All this 'whataboutery'. Wait for news. Today is all good for letting us know that everything remains on track and for keeping the local government happy. Necessary.
Yep nothing has changed from months ago.
As legal says, if they ARE funded when why don’t they just come out and say it with a more detailed operational RNS now we are approaching Q3?
The most optimistic counter to that is they are indeed working on something else. I personally don’t think Lorna gives a monkey about us PIs though (as history has shown) so she wouldn’t think twice about a dilutive raise to fund the work and then let the big boys in a price which is better for the company
So the presentation was a total nothing burger then.
Agreed skippys, that was the one takeaway form the presentation that was not already "known". Everything else is just a regurgitation of all that we have already been told. Good PR without a doubt but not exactly a game changer.
AUS$8m Skippsy and that for two wells. However we also have to drill another appraisal well, so I am not sure that it is directly comparable.
Legalwolf - What if they have something up their sleeve though? Such as investors or potential buy outs following the discovery. If there is a substantial amount of money to be made here, surely much larger companies will be in negotiations for further investment and funding?
I seem to remember that a few on here argued that having own drill would not be relevant for EWT. However - this is clearly stated in the presentation as a benefit of owning a drill.
This reduces the cost of EWT somewhat. I'm expecting less than £5m now for the EWT. I think we established previously that Noble were expecting to pay £8m for EWT? Others will correct my 'from memory' fact finding.
Yes.
1) They pretty much used up all their cash for the last drill (see RNS for drill costs which gave the breakdown).
2) Following the drill, they raised £4.7 million at a 30% discount in February. The RNS stated that this money was need for HE1 to review and plan its next steps.
3) Since then, they determined that the next step was to do a EWT in Q3.
4) They have never said they are fully funded for this. If they are, they would have said so.
5) I don't know the exact cost of the EWT (nobody does) but my expectation is that it will be a seven figure sum.
6) A combination of cash burn since the last drill and the costs of the EWT lead me to believe that they will need to place.
There you go. Happy to read the counter reasoning.
To think people were saying this was worth £3.00+ a share only a few months ago. 🙄😆
Legalwolf- Can you likewise explain to us why HE1 will require to do a placing. Give us the expected costs of the EWT against how much money He1 already has so that we can see your reasoning. It's a two-way street, to de-ramp you equally to back up your claims otherwise your argument holds no merit.
Instead of calling out the obvious and labelling it as de-ramping, why not counter it by explaining to us all why you think He1 do not need to raise for the upcoming EWT in Q3 and why there won't be a placing here shortly? Give us the expected costs of the EWT against how much money He1 already has so that we can see your reasoning. If it's persuasive, I'm sure us de-rampers will convert to your bullishness, which without any explanation for it is bs.
The placing is no big deal. All companies do it and it's more a question of whether you want to hold ahead of it, or wait until it is out of the way, or ruled out by He1, before buying in here. Simple! All imo and GLA
Well it was! Fluctuating around opening SP at moment.
DYOR and GLA
But it is blue!
You reckon not even the ramping lunatic Pubdrawl can turn this blue!!