Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Affected
Joe80, banging your head against a wall has affetced your judgement.
Well said…… made up my losses by going to work !
🤔 maybe worth a try !
This will be massive in time so pointless posting now really ….. no more news for a while good luck all !
Stock market is forward looking and HE1 is great value at its current price.
Just not LSE
But not today perhaps . lots of good buying so far
This looks like it will stay at this price, but more likely, go down some more.
We have months of nothing but speculation about raising more cash, it Looks and sounds like it shall, I'm fed up of all your chat back and forward, this and th at, I'm leaving this and I shall return in June and see what has happened.
Some people have way to much time in this board.
Over and out for now
Stewarty
Lorna should just raise at least GBP 10 million at once this Q2 so that the company is fully funded for the planned works in q3.
Carrying out an ewt , either deepening tai 3, or a new appraisal well at Itumbula, working capital should be funded by that amount.
Itumbula costs approximately GBP 5 million to drill ( drilling only and no 30 days ewt) Not sure how much ewt will cost.
But as you just stated “gambling” which is taking a chance on an unknown outcome , so you don’t need to know anything , obvious really
So SWLC if they still had the lion's share of the £8.7m as of 7th Feb why did they need another £4.7m ? Well if you actually read the RNS for that £4.7m raise properly it spells it out for you:
"The company led placing provides the Company with sufficient working capital to progress its planning for the next stage of the work programme in Tanzania......"
"This placing enables the Company to determine the next stage of its work programme following the success of the Tai-3 and Itumbula West-1 exploration wells."
So it was to provide the company with the ability to "PLAN" and "DETERMINE" the next stage of the work programme. Note the words "plan" and "determine" SWLC. Things that they are doing currently that amongst other things necessitates expanding the team, ordering long lead items, basin modelling, sub-surface activities and many other things.
It does not say that it provides the company with the capital to initiate or complete that work programme. If it did, do you not think they would have said so?!
It would be company suicide not to do next raise now. If you can't see how obvious that is probably best not to be gambling here.
....and glad to ADD
I'm gonna "Hold for Gold" DYOR
The Itumbula drill happened in January therefore that £8 million was mostly used.
The current cash balance must be well under GBP 5 million as there was only 1 million remaining at the time GBP 4.7 million was raised recently.
Most of that will be spent on long lead items and we will for sure have another raise imo before the EWT in Q3.
All imho.
Wrong board.
You deliberately forget the cash balance of 8.7m by 31st of December 2023, I wonder why Joe?
Toe
Last raise was 4.7m stop talking pure rampy pish
Worth a read For all helium investors
Investor ppt;
https://wp-helix-2024.s3.eu-west-2.amazonaws.com/media/2024/04/Helix-Exploration-March-24-Final.pdf
I'm up for some fighting in the sun
Lorna has a big hole to empty full of gas , the company should be concentrating on evaluating build cost and partnerships infrastructure of roads ,, money makes money time wasting to look busy does not wash 😑,, so porna news of a plan for the start of the construction dates of the helium plant !!
Or you will go on the naught chair , congrats on your engagement to pubcrawl 🤔🥂
Castle
They won’t be doing any more drilling atm as April is the rainy season…… so no money be spent this month .
Hold onto your shares or buy low ……imo
Risky business buy low sell high unless you have a crystal ball . A lot actually get it wrong too and loose money !they forget to say that it’s just it I doubled last week etc etc 🥱
How ever you choose to play it Gla
But do not buy or sell because of what’s on here DYOR !!
Why would they need a raise? They just banked £10m off the last raise.
From what I can see there isn’t much getting spent whilst all the planning takes place.
I can’t see why they aren’t drilling more holes with the rig
Message to the paid De-Rampers:
I thought I saw your name on a loaf of bread today. Then I realised it said, "Thick Cut."
GLA genuine investors 📈
Anyway, let's just keep reading his route to our wealth...... 3 pence per message paid so he will need to get enough for a bottle of cheap cider and 5 minutes of online chickboy chat...... 😉😉😉😉😉😉😉😉😉😉 Gla..... rocket rocket bicep graph to the moon
A raise, if any, would be preceded by a successful next stage and very likely a rise in SP. I believe the tree has been shaken and a slow rise to 1.65 will follow in the short term IMHO. There may be the odd drop or spike on the way.
Anyone waiting for 0.7p is likely to be disappointed but anything is possible in the world of aim so I’ll take advantage by buying more if it does.
DYOR and GLA