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@ITV
from Ghekos post just a few posts down the list here “ f I’m wrong - great cause have kept a few for now as eventually the drilling will happen - if not then bottom drawer until next year.”
Good luck all
@Sinequanon
Hope your keeping well my friend,
appreciate your angst, from what source
did you read that ‘bottom-drawer 2023’
information? please let’s us know:)
Those behind closed doors, want to get
their hands on our shares, misdirection,
a measure, proven effective, when used
over centuries, why not now? Seems odd,
that this admission, should come to light,
a few days before the RNS. IMO time to fight,
hold on tight, as HOLDING is the hardest
action, though, the most rewarding to take,
at this point-in-time:)
DYOR - the most revered investors on our BB,
have already and will continue to do so:)
Wish everyone here, an excellent outcome,
though, you gotta to be it, to win it:)
ITV - what do l know? though, have a shedload of informed information:)
I think they softened the blow of last years drill fiasco with an expectation that some cheap shallow drills would take place and lead to a ‘discovery’ , it has been obvious that a further substantial raise is going to be needed for the drill campaign this asset deserves since we parted company with Mitchells, what I don’t really understand is why they didn’t go with the winter shallow drill program, get some form of discovery which for sure would’ve pushed the SP enough to do the major raise needed for a proper deep drill campaign. All the different angles just don’t add up, it is just common sense that the longer the company sits apparently idle burning money the lower the SP will drift and the harder the necessary raise will be. Ian will understand this, I do wonder if we are now been guided by too many excited geologist perfectionists wanting the perfect drill campaign, and not enough businessmen that actually understand how a successful company must transition keep moving and remain active.
I read just now here the First mention of a putting this in the bottom drawer till 2023, if that is the case a serious shake up is required, sad really that such an apparent opportunity is been driven forward so poorly. Only my opinions, good luck all.
I think your not taking into account changes from last year In ten fold shipping increases, global shipping delays currently STILL in play, funds dropping below needs to a 3 hole estimate, zero communication in 2 months since advanced negotiations (certain these particular ones have fallen through)
I’m not been negative I’m just balancing this counter with your response. I hope your mind set is correct and I’m looking forward to learning more on Monday If I get the opportunity to raise concerns.
I think it is that straight forward - don’t understand the fear at all - easy hold over summer.
@Helx if only it was that straight forward!
I honestly don't understand the skittishness of some investors over this rig. DM has confirmed verbally on a number of recent occasions that a rig is being secured for a Q3 2022 drilling campaign.
Using the parallel of the 2021 Q2 campaign the following items were announced on the following days:
22 Mar 21 - Appointment of rig.
29 Apr 21 - Mobilsation of rig
21 Jun 21 - Helium identified.
Now if you just add three months onto each of these days to factor in a Q3 start you get an announcement of drill rig appointment of 22 June 2022 (circa 1 month away) & a drill rig mobilisation of 29 July 2022. No imminent update is required - patience is a virtue - to those feeling un-sure, please use your heads!
I’m just waiting, I manage my own pension so I can’t touch the money if I wanted to so no need to go else where it might drop on bad news but will go back up eventually so that’s stating here even in bad news.
I’m currently toying with putting in a large amount in for a quick hope of a 10% 20% increase with a bit of spare cash I have currently but not sure. I keep agonising but this cash can’t be lost so sitting waiting. Two days ago I could get 25k at 9.40 now the amount 9.13 I’m hoping it drops a bit more before a bit of a take off but same time could miss out on the game changer rns or fomo Friday potentially?
I'm trying to play out in my mind how a negative outcome in next RNS is communicated. I'm struggling to see how this happens without the board looking totally incompetent.
I say this after we've had several unofficial things released from HE1 from DM interviews to the most recent presentation stating a Q3 drill this year. It's Q3 in 6 weeks, and we are currently 2months into a silence from last communication been the below-
"…We remain in advanced negotiations with a leading global drilling company and are committed to the provision of a rig solution for our 2022 drilling campaign. We have multiple rig options…”
Personally if no drill happens this year after the 2 months silence I am assuming a 2023 campaign is been planned & will be released with view to soften the blow. Just a theory on worst case scenario.
What are peoples views right now as we sit waiting still for communication ahead of the 121 conference next week? Something will have to come out next week surely....