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Lol, I did last night too..
Its all about trading it now....
The costs are crazy, site supervision, safety and community +$1m, for probably 4/6 weeks....
Radison Camp $0.5m,
High Rollers, spending others money
Shareholder meeting today, may generate some interest?
was cancelled last week due to technical difficulties - everyone thought they were doing a roaring kitty and turning up half hour late🤣
it did look to me to be rising a likkle going into the meeting time, then pulled back when it was cancelled, so maybe a chance of a cheeky short term trade on it - meeting approx 5.30pm uk time
Yes Dai
I have highlighted these drilling costs on the bb first thing this morning - no one seems bothered to discuss it further. You are the only other one to pick up on it .
Strange lot over there !
Hmmm costs are most lily hidden, big payrises, pay people off etc Its all just grouped together to reduce scrutany from the share holders.
They prob want a big chunk of cash gto tie them over as once they drill this well they really need to wait until next year to take next steps so have prob saved a few mil just to keep the lights on for the next 8-9 months.
Add 3 zeros
Well Testing Services 1,140
Wellsite Supervision 510
If it takes 5 weeks to drill and test, thats 100k/w in supervision, its as much as Noble are suggesting to test the gas cap ?
$5m is the cost assigned to drilling and associated services not testing ?
Rig Equipment and Drilling Costs 2,490
Drilling Services 2,560
I am guessing that rig has had a load more cash spent on it, I don't think they have put drilling pipes and casing under rig equipment before..
With HE1 they own the rig but not the staff so they prob pay over the top to get people to do a month assignment so I bet alot of the money is going on the labour rather than the rig its self.
Both opportunities to target discontent, and cause divide
How have He1 budgeted $5m to drill 150m, that sort of money I would expect Tai another drill.. don't have to rent a rig, and its capable of drilling that in 1 day ????
Dipping back, during the news lull
under 22p is great price and another spike could come anytime with news imminent - licence ratification due anytime now.
The closer to 20p you get the better, ideally 18-20 - but suspect it may stay above 21p(ish) resistance this time around
Https://ftseaim.co.uk/lithium-1
saw this on kod board, interesting article on state of lithium.
France I suspect is always on the brink of a civil war, the people revolt against anything they don’t like.
Sweden just read about that actually, a lot of it is due to the unsuccessful integration of migrants. Apparently they have 25% more gun crimes than the uk.
read two articles this weekend..
sweden brink of civil war
france is on the brink of all-out civil conflict
when the germans were preparing for war they had agitators in many countries kicking up ****e....
now if putin can get a movement going to get rid of alcohol duty i might be tempted to riot..
https://www.youtube.com/watch?v=hamkl-su8pe
This our police apprehending a you cow, that is back home happily chewing grass, jut suffering a cut leg..
https://static.standard.co.uk/2024/06/15/14/36/image0__63_.jpeg?trim=0,34,0,258&quality=75&auto=webp&width=1024
No point trying to decipher wth is going on with the results at He1 (or Noble) - because you never will - just trade the stock!
Looked like a restrained smile...?
Oh didn’t notice that but I’ll have to re watch the video lol
Mmm, didn't they say they were ordering the long lead items for Tai and moving onto Itumbula instead of waiting ? If money was not an issue, Tai should have been drilled May/June while waiting on Itumbula..
I guess Tai is being kept as next years carrot
So the interview, did she fart or was that a smile brought on by mention of the mining licence ?
Lots of in answered questions dai but yeah agree they have a rig and crew the long lead items on other so why don’t they go back unless it’s a duster?
Your trading point is very true. The last been the biggest but if it does the same again I’ll jump in I think others will too creating the perfect storm.
Other interesting point there..
They said they cased Tai as they wanted to go deeper into the basement play..
But now they are doing that at Itumbula, does that mean Tai is finished ?
Maybe, it was luck they got that flow, just clipping the top of the source, so going deeper could give a stronger flow, but then again they said it was exsolved from fluid, well Noble let that out of the bag... All confusing.. fooook they can get 10% from water in surface ponds, saving $18m.. and they like savings, hypothetical ones that is ....
I don't know, is it another 88e..
88e when we first dabbled, it was their best chance ever, and they found it, and did a practice flow test and found it again.... so how has it gone from 0.5 to 0.1p.. only guys making money are those that buy in after the placing and jump before results,,
Seems to be people are suckers for what ever a CEO says...
Lorna, has made a lot of money for people
No rig update, crashed the price ~ 50% allowing those that knew the was on the way to make 100%
Then 0.2p turned a 4 bagger into x17, sitting x10 for weeks
And now taking it back to 0.5 offers another multi-bagger opportunity
If you traded He1 from the start, as an experience AIMer, x100...
No Rig £1k, becomes £2k, £2k x17 becomes £34k, £34k was up 60% today..say £50k, crazy if got it perfect, somebody did...
It’s a strange one, I don’t really know why they are drilling down further, do they think they can reach another helium section maybe? Does this mean the last drill was a failure and didn’t hit the required target? Shane they didn’t explain as part of her interview
Thanks legal, it’s staying on my watchlist incase a raise or finance is done but right now too risky to invest in
Why do an EXTENDED well test if you have nothing?
"The OGA generally considers any well test with a total flow duration of more than 96 hours or which produces a total of more than 2,000 tonnes of oil/oil equivalent1 to be an EWT. For oil volumes over the 2,000 tonnes threshold, consideration should be given to saving the produced oil rather than flaring it."
==========================
Why drill deeper if you already made a commercial discovery ?
Read articles where TD has nothing but going deeper results in a discovery, but they seem to be hinting at a flow last in excess of 96 hours
==========================
But then we have big discount and dilution...
=========================
Is she breaking wind when mentioning the mining licence
https://www.youtube.com/watch?v=7e3w0Op1V-0&t=130s
Yes, looks almost inevitable that HE1 will hit 1p now. That's what happens once a placing is out of the way, sentiment changes and it's back to a ramp fest and rise. Will look to add on the next pullback.
I took some partials on HEX today as well. Will exit the rest in the 30s hopefully - if it gets there.