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Can’t think what they did pre internet days! Best not give it too much thought!
Oh I agree Bunsa - they're still a PIA though! Like Twitter Trolls of a certain political proclivity...
Trolls and bored small time traders filling time.
I think you’re giving them too much credit. I don’t believe they, in most instances, have any impact on the SP, they’re mainly trolls.
@ST: I agree about the derampers, rabidly attempting to push it down. It's an inevitability though at this stage, when they know spud/news etc is a good few weeks off and the SP is likely to drift a bit. They'll do all they can to exploit the newbies who might be looking in and hammer it down further.
Just check out St John’s posting history. He repeats the 30p mantra like a broken record regardless of the day’s sp movements. I think he’s a bot.
I would think most profiteers have got what they wanted by now so we can settle down and wait for the good news to flow and watch the jumping back in. GL to all LTH.
Interesting numbers there Akworld. I'm not sure if the price will rebound quite so soon, although I am sure it will rebound.
https://invst.ly/urilu
The chart shows various trend lines - solid blue is the old weekly trend that was followed until the latest highs.
This has been transposed below (blue dashes), to mirror the trend after the fall. This was followed for a few days, but fell below that this morning.
The initial downward trend is shown by the orange line. This was transposed against the previous low (left orange line). Where this line crossed the floor set at the end of April, it rebounded. The downward trend was also transposed against the peaks of the fall (dashed orange), which the SP is not currently getting past. This line crosses 17.5p at 12:00 tomorrow so I hope the fall is arrested before then before going back up. The trend line falls out of the monthly channel (purple range) at close of play tomorrow at 17p - 2 hours of trading later and it hits the floor of 16.78 that it rebounded off earlier.
I think we will be rising again by Friday, but 24p could be a bit of an ask.
Oldandbroke (Love your ID by the way)
I think we have been over this point in the past few posts; I suggest you do some homework and look for the answers in previous posts.
Also, if it makes makes you feel "uneasy" about the "this company", why do you still "hold" the shares? Look at what Tin said a few posts ago?
Look, if you want to get in cheap because you didn't buy like many here, from 3p all the way to 17p, I say suck it up and buy or just wait for your luck and maybe you will get it, maybe you won't. But to come here and try to deramp it (bluntly, softly or like some, in a well constructed argument) some of us will see through it.
Nevertheless, you know, deep in your heart, that that any deramper is and will always be a pathetic person, who, by absolute selfish reasons try to make others afraid of their investment and sell based on what the deramper says, knowing full well that they (the deramper) will try to buy the shares at a discount so they can make the money.
I am not gullible that the world is full of those sorts and especially in these boards and we have simply to navigate through these murky waters.
The only thing in common we all have here is to make money but the difference is how we intend to do that. Even the rampers are not helping, although at least we share some positive feelings with them.
I am here to make money and share some of the research I do for myself and read what others have found. That is what a FA guy will want..facts, real things that we can compute, add or subtract from our investment. That's actually one of the major problem I have with the TA guys; when have they actually contributed with one single piece of research here?
Have you ever seen a TA guy post any link of useful research on the company, never mind many links? No you haven't. But, being a heartless and cold traders that they are, they are happy to give you past chart performances and trends in psychology to you "so you can see" what the sp will do shortly (I bet you after they have done their trades of course).
You will never know what they are going to do in advance, as no TA guy will expose themselves like that (well, one did once and we know how it ended up) so, I say stick to facts and research and, if you are not happy with your investment, just sell it; if you think it is too risky..sell it, exploration companies is not for you, but do it with class, do it with integrity..sell it and go. Don't come here to say why you sold so you can may be buy back cheaper because you tried to scare some other poor guy who wanted to make some money.
All the best
IMHO and DYOR
ST
I still Believe what was said yesterday. Ignore the downward move of sp... it’s temporary manipulation.
I anticipate the price movement as follows:
End of this week-24p
End of next week-28p
End of last week May-32p
Week of drilling start-35p
I am confident that HE1 will be successful in its drilling campaign, hence, reflecting in the share price.
Always get suspicious about a new poster on the forum joining in and talking a share down.
Just saying.
The fact that there is only one Director, Mr Stalker, with a share holding greater than the average PI makes me uneasy about this company.
St John,
I am little confused, you keep referring to a 30p "floor" prior to drilling. Which is presumably the least the SP can be? Given that would have to be an all time high, I am not sure how it is a floor? And as we are indeed in the "pre-drilling "time line and the SP is about 18p, I just don't know what this 30p figure refers to?
And why 30p? why not 32p or 35p or 40p, or 28p? What is the rationale for 30p?
Nothing has changed as far as the fundamentals are concerned. Plenty of cash in hand to complete the drilling program. This is unnecessary pressure on the share price driven my opportunist who think they have missed the boat. The reality is that these prices are now bargain when the target price before drilling remains 30p. Once again, plenty of cash for the company to successfully complete the drilling program. Patience and keeping buying. I have topped up.