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I don’t think it is carping. I agree with the poster who said we are at a nervous tension time. Nothing wrong with that. It took more than 5 years of work to get to this point. I am very happy to have a seat at the event as it plays out in real time. Like the championship game for a team that has been working toward that goal for 5 years.
‘I am confused, If you have no cash to trade how can you then invest heavily if it drops?’
My finances are a nightmare atm!
I am trying to crystallise profits to help the kids buy properties but due to the incompetence of others I have cash in no mans land atm. It’s very boring but at least this game is a means to an end and once I/we secure those properties I will be able to concentrate properly. Just got that and loads of other serious stuff atm. So I am literally juggling house deposits!!!
We are all human beings and when you look under the hood you will be surprised at what you find, well actually you shouldn’t be surprised else you are not a human being!
So to answer your question I will rebalance from elsewhere to HE1. I will use charts, trading volume and news to time my buy(s). There I’m a heretic at least the kids would have benefitted!
I have prophesy about HE1 reaching £5 and I have a list of things to do when it does. You see ticking the kids off along the way is part of it but there is more to come....
I am confused, If you have no cash to trade how can you then invest heavily if it drops?
I agree that in many instances, especially when it comes to high risk exploration, it is perfectly normal to see opinions change in line with an individuals book. This will include but is not limited to, reducing exposure prior to results and/or in the most blatant and disrespectful or cases, a significant change of tone on public forums. It only grates as it insults existing investors intelligence.
In all honesty, DM’s latest interview and stated hope that this first exploration well becomes our first discovery well must be based on the data he has seen to date. It would imply that the second gas show is likely to be presented as a discovery IMO.
Having benefited from first move advantage, the land grab to date and multiple identified prospects have now been further derisked due to the proven helium charge within the basin, and of course a better understanding of the geology.
We can also now consider that with an inefficient seal now being characterized as an effective seal in two instances, our COS has also increased significantly.
I totally agree that in the event that this well has to be abandoned due to technical issues (IMO, pure speculation at this stage and highly unlikely), a drop in the share price would be matched by willing buyers, many of which will be those that have derisked prior to results. Especially when this is the first of four wells and who is to say that drill bit will ever stop turning in the event of success. PANR fall from 35p to 18p and then rerating to 60p odd is a classic example. For an exploration play, it remains a well balanced risk v reward investment with plenty of scope to the upside.
Love it, analytics and procrastinations on future trajectory of SP and MM Machiavellian behaviours as posted before. All the soap opera and shenanigans of a mega drill approaching TD!
I’ve sat through a few now. Some I got right or rather lucky and some I have completely been caught out!
For all those purporters of I only invest what I am prepared to loose. Yeah right! There are only a few of us here in the DYOR lunatic clinic the rest of you had better read Scott’s last post coz tbh that is a distinct possibility!
Probably the best post since the side track!!
You see when we lost the string it showed how complex this drill is. They recovered, awesome! DM fair play went to site and they got plan b up and running. It’s normal drilling ops!
But since then meterage has been slow. Ghostly shiver icon! Now investors have to decide is the well lost. It’s so easy to break the skin on these drills so there is nothing to case to.
Or have they pulled it off with the side track. I do get how successful sidetracks are over the average in a number of drills and I posted way back about the deflector and how much trust I had in Mitchell’s based previous data.
The market (not ‘lth’s’) is now nervous because of the pace of drilling is so slooow! or is it because Oberon are selling their last 2.91% or whatever. No one has mentioned that yet!!
Remember the SP recovered to 21.6 from like 17.5p after the drill loss. It’s like gone back to that now.
HE1 is at a nervous juncture atm!
I am not turning negative or ramping a position. TBH If I had cash I would be trading this now coz if you are close you can hold half and trade half but Mrs Trek has told me to hold. So given my 10 bag or bust attitude I am doing what I have been told! Stick! (I am allowed to play elsewhere though! Just not at HE1! Lol!!!).
Let’s see what tomorrow/next week brings but tbh I would not be surprised either way and if anyone goes back to the beginning it was always the salt seals that were the likeliest drill successes.
Any drop here and I will be buying significantly as there’s helium ‘in them hills’ so I see a win either way.
An honest view but still game on! All very exciting now!
It's interesting isn't it @Glib? Neutral trading range has been in effect since the 12th whilst we wait, but I find it very curious that on the last day of the week, in the final hours, the price was dropped below the trend. Not dropped to some arbitrary price, mind, but rather to an very clear and firm resistance at 21.5p. Just musing here, but if there was bad news, why just drop the price to balance at a safety zone, and why do it at the end of the day? When bad news is due it is extremely common for MM's to push the price slightly over the trend (fake-out) to induce buying before they sell. It feels to me like the MM's have dangled a little bait here to encourage some to sell, which if they true suggests there is some expectation of news next week. I'll go ahead and say positive news, too.
I wasn't expecting news last week after the last update, but hopefully some time this week. It looks like the market isn't expecting news today as it allowed the SP to fall below a major trend line (22.2p) on Friday. I actually expected much more movement last week from traders coming in and out, so not sure where the SP will be going this week. https://invst.ly/vj0t4