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At last, some positive news. Still looks good for 2022 and still seems like everything coming together slowly. Some people have mocked others for being a bit nervy and i think that`s harsh, its
certainly been a strange year to what was promised. I`ve even off loaded about 80,000 shares last few months due to lack of info and i`m at a more comfortable level to let this ride out for a few years now. Next news end of July/Aug, Drilling Sep/Oct? GLA
@KeithOz
Spot on, agree with your sentiments fully.
Onwards and upwards.
clearly too early to jump in here yet but one to watch GLA
I try to present factual information on this BB, if I indulge in speculation I present my assumptions. So first, the facts:
Fact 1. In the interview at 3.32, Mike Williams quite clearly says "We've been planning around any potential logistical choke points, and have already mobilised some long lead time items ... for you wouldn't want the operation to be delayed by congestion, for example in the port of Shanghai"
Fact 2. So items are NOT stuck in Shanghai, as ART123 claims.
Fact 3. ART123 has posted 16 times today on this BB.
Fact 3. All his posts are negative, factually incorrect, or based on false assumptions.
My speculation. ART123 is a paid deramper, trying to lower the sp so that his employer can get in cheap before the inevitable string of positive announcements over the next 6 months.
My conclusion. ART123 is now filtered.
@Sdg1970, Its a difficult one, hard to gauge, DM talking high level, Mike filling in details.
DM talking about Progressing to Finalizing the Audit, that imo suggests producing the final version of the audit process itself but I think he meant completing the audit process as in passing the inspection..
But unsure as I also expect the audit has to be acceptable to He1 and the owner, especially those tests that are not part of any regs.. I suppose like an MOT where they test emissions but not the condition of the engine..
@DAI: I agree, but I'm still not tempted in just yet. Months here, and placing or not, current market climate will dictate several trading ranges between the real meat appearing. That rig has a lot to go through imo before it's attracting my money. I do have a Ford Cargo unit though with a Fuller Roadranger 9 speed in it (8 speeds don't exist). That's had me driving positive on this ;)
ART, how long ago did you get that MATD update, I have just been reading Shanghai is nearing normal..
I am more worried about DM supervising the rig mast up/down, I don't think he is qualified and definitely does'nt know when to stop , he just keeps going..The mast will be bouncing off the yard floor..
MATD - they are waiting to bring an oil discovery into production in Mongolia very near to the border with China. The Chinese have locked down the border and even the Chinese company producing oil from an adjacent discovery have had to shut down production. No staff or equipment has been allowed across the border for months now.
I am just saying that if HE1 cannot get the required equipment from Shanghai then they might not get this well drilled this year.
Obviously if they can get the long-lead items and they have rig in country already then the drill will go ahead as planned.
We seem to be under Art Attack. Posting all day total jiberish with zero sense.
Art, can you explain why you have posted 11 times on this bb today, promise I won't mention the 12% rise has anything to do with it I'm sure it's just a coincidence, compared to never posting on this board before as far as I'm aware of.
Do you currently hold shares in He1 if so why are you so negative?
Oh, and what was the company s name bordering China who have not managed to get equipment out of China you say you know of.
Onwards and upwards
so what you are saying ART is that this Project has the SHANGHAI NOOSE risk...
Sold out trying to catch the bottom now you’ve missed the re entry by any chance ART? You could at least try not to make it so obvious…
Sorry, that last post seems to have repeated itself. That was not intentional.
It's even possible that the lack of availability of the long-lead items may be the reason they have taken so long to sign the rig contract. Without the guarantee of the accessories there isn't much point in signing a rig contract.
We shall see, but I can definitely smell a problem here that is leaving them more than 3 months adrift of last year's timetable.
It's even possible that the lack of availability of the long-lead items may be the reason they have taken so long to sign the rig contract. Without the guarantee of the accessories there isn't much point in signing a rig contract.
We shall see, but I can definitely smell a problem here that is leaving them more than 3 months adrift of last year's timetable.
I think that the CEO has possibly given the game away during this short interview.
Interestingly, he has said that the drill rig is not the problem with getting the next drill spud in 2022. The rig is based in Tanzania so there is no great problem getting it to the drill site.
However, along with the rig, the drill will also need a host of long-lead items, some of which will need to be shipped from Shanghai, China.
This is where the problem currently lies, and to my thinking this will be the problem that may lead to the drill having to be put off until 2023.
Anyone who has been following events in China will know that virtually nothing non-essential has left the country for a long time. I know of another company operating in a country bordering China who have not managed to get any equipment through the border so far this year. When the borders do open, there will be a backlog and it is doubtful that HE1 will be high on the list for equipment.
We shall see. Yes, if they can get the equipment then the drill will go ahead this year; if not it will be postponed until 2023.
AJMO
Muscles , you will be holding for the results again, the FOMO, the chance of an original RS with whale tail or
the pleasures of my company as life time holders...lol
@sdg1970, I think if just Mike did that interview we would have been top of the risers board.
luckily I did'nt have my account open when DM said they were still working on the Audit list, especially after saying they sent the team beginning of the month.. Good news they got the product specialist to inspect the carrier, but no mention of the substructure and pipe loader...
Looking good for Q4. I'd imaging they'll be a myriad sell offs in between though. Back to 10-12p trading for a few months me thinks...
placing...sub 10p?
don't think DM will hold out for more?
F-ART - Last years rig was inadequate - last year was last year - I bet you are one of those AIM trader/investors that is helps make up the 76% losers !
There are some knobs on this board !
he's trying to tell you there is a placing coming folks...you betcha
second interview from DM.
he's trying to tell us something. I don't know how much more obvious it can get.
you can wait for the RNS. or buy now. or Monday. or whatever.
Void, where Art thou void
Void ART deserves the worst
Do be most horrid ;)