The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
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This will stir the gravey train up !!
Presenting HE1 to the world booom .
Castle
Castle, I agree this will stir things up, I think it will be the last straw for patient investors who will look to move their money to more profitable opportunities.
I fully expect many to jump ship rather than be Hit by another long wait and another raise. Would expect the market to react negatively, a stir up indeed..
I am looking forward to reading the presentation - slightly odd that it isn't available now on the website given she is presenting today but I'm not reading anything into that.
I was always tweeking presentations up to 30 mins before my slot
Did that need an RNS? We knew a while ago she was speaking there.
I see it as a hint at what's coming and it confirms to me my stepping out for a while was a good thing. I look forward to being back onboard when the deed is done.
No operation update ? They really are dragging their heels . Perhaps skittish is right & they really do not know what they have at Itumbula !
As they clearly want everyone to follow up on the presentation, it must contain something positive for the company. It’s unlikely to say anything along the lines of ‘we thought this was going to be wonderful, but what we found wasn’t commercial’.
Yeah it’ll contain ‘potentially transformative’ and ‘the company is well positioned to capitalise on the opportunity’. Almost guarantee it.
Dangle some carrots and then raise soon?
It’s a lot easier to do some speaking events than worry about a legal RNS
Absolutely stonking rns. The doomsters quaking and crying
How's that last top up doing Pubcrawl ? Looking like a blue day ?
Not such bad news!
We wanted an RNS and got it , the market will be liking it as it is highlighting the company, we are a very small minority on here and this is a great price to get in at and hold .
Lth will be happy with this ! Buy and hold
Gla
Too cheap this is with a great presentation by lorna today , look on there web site this afternoon for the update ...
Castle
HEX up nearly 10% !!!!!!
This will be up over 10 percent later imo, lets see
You reckon not even the ramping lunatic Pubdrawl can turn this blue!!
But it is blue!
Well it was! Fluctuating around opening SP at moment.
DYOR and GLA
Instead of calling out the obvious and labelling it as de-ramping, why not counter it by explaining to us all why you think He1 do not need to raise for the upcoming EWT in Q3 and why there won't be a placing here shortly? Give us the expected costs of the EWT against how much money He1 already has so that we can see your reasoning. If it's persuasive, I'm sure us de-rampers will convert to your bullishness, which without any explanation for it is bs.
The placing is no big deal. All companies do it and it's more a question of whether you want to hold ahead of it, or wait until it is out of the way, or ruled out by He1, before buying in here. Simple! All imo and GLA
Legalwolf- Can you likewise explain to us why HE1 will require to do a placing. Give us the expected costs of the EWT against how much money He1 already has so that we can see your reasoning. It's a two-way street, to de-ramp you equally to back up your claims otherwise your argument holds no merit.
To think people were saying this was worth £3.00+ a share only a few months ago. 🙄😆
Yes.
1) They pretty much used up all their cash for the last drill (see RNS for drill costs which gave the breakdown).
2) Following the drill, they raised £4.7 million at a 30% discount in February. The RNS stated that this money was need for HE1 to review and plan its next steps.
3) Since then, they determined that the next step was to do a EWT in Q3.
4) They have never said they are fully funded for this. If they are, they would have said so.
5) I don't know the exact cost of the EWT (nobody does) but my expectation is that it will be a seven figure sum.
6) A combination of cash burn since the last drill and the costs of the EWT lead me to believe that they will need to place.
There you go. Happy to read the counter reasoning.
I seem to remember that a few on here argued that having own drill would not be relevant for EWT. However - this is clearly stated in the presentation as a benefit of owning a drill.
This reduces the cost of EWT somewhat. I'm expecting less than £5m now for the EWT. I think we established previously that Noble were expecting to pay £8m for EWT? Others will correct my 'from memory' fact finding.
Legalwolf - What if they have something up their sleeve though? Such as investors or potential buy outs following the discovery. If there is a substantial amount of money to be made here, surely much larger companies will be in negotiations for further investment and funding?
Agreed skippys, that was the one takeaway form the presentation that was not already "known". Everything else is just a regurgitation of all that we have already been told. Good PR without a doubt but not exactly a game changer.
AUS$8m Skippsy and that for two wells. However we also have to drill another appraisal well, so I am not sure that it is directly comparable.