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I think a lot of us are still building positions and don't mind the lack of noise right now. I took some more on Friday and will continue to scale in here. I am hoping that once the churn is done, the small free float should mean a quickish move up in the coming weeks and months, and in readiness for the drill in Q3. All imo and GLA
100% looked like buys....
Fortunately, not much of a sell off. I believe those two 'unknown' 100k trades were buys judging from their timings.
I've bought a small amount. Like the short time frame to the fully funded first drill. A binary one.
Sounds like a busy/exciting period from May onwards as reading through the admission doc they have a scoping study due on Ingomar/potential new acerage and news going into spud (July) Q3....
Maybe few more short termers to get out before this re rates over the next 2 months or so.
I expected a little more activity on this board. Hope things pick up soon.
GL to all HEX investors.
Hi all, for the avoidance of doubt, I have purchased more this morning and my buy of 56,664 shows as a sell (same as 2 others I placed this week) so many of the smaller sell transactions are in fact buys. The longer this churn goes on, the more I feel compelled to buy at this price level so I hope they stop soon or I will also be posting a TR1 lol
GLA, Blue
Sorry here’s the link.
https://wp-helix-2024.s3.eu-west-2.amazonaws.com/media/2024/04/Helix-Admission-document-final.pdf
Trek
Management option lives. These were in the prospectus part 6 para 6 and 11, or page 310 and page 315.
Not rich by usual director standards. Must be expecting the price to go up! lol!
Usual caveats
Trek
I mean 100k + round number sells.
Trek
Over 1.5m of indicative sells today. Surely getting there. I think the sp will leap up when the 10m clears.
I mean we have racked up way more than 10m in indicative sales now. Surely the Hereford concert party are out by now or as near as but I don’t get why no TR1’s unless it’s because it’s been prior announced. Full 1% and Eve the 5% had plenty of chance to flip.
Gosh I will be posting a TR1 at this rate! lol!
Usual caveats
Trek
In Black 809.43
Did you pay 10.4?
98,000
Will be building a strong position here
Https://twitter.com/HelixExp/status/1783026544471867627?t=od_ebw65VK6a37JXhH24Ig&s=19
I think its about 3 weeks for wireline testing...
Thanks iceman888.
Any ideas how long we should estimate for testing after completion of the three week drill?
Don’t underestimate the power of Bo’s contacts in getting this rig. Personally I think it was lined up ages ago. Probably before the IPO and just box ticked now.
‘ Mr Stenger has worked with this specific Rig for 20 years and so he is well versed in delivering safe and effective operations on this equipment. Mr Stenger also has experience drilling helium, having previously worked with CEO Bo Sears in helium exploration drilling in Montana using the Cardwell Rig.’
This is why it’s very different having the experience of Bo at the helm. It should run smoother.
We have a rig with spares and a very experienced crew that have also drilled for helium before.
They will know how to set it up what mud to use, how to cost effectively and safely case. Everything. It’s all been done before. We even know the geo yields helium!
I wouldn’t be surprised if the usefulness of Bo’s contacts help with getting the permitting done seamlessly and also customer delivery further on down the line. He will also know who to speak to about any offtake JV.
This is not a virgin drill in some remote place with complex regulations and a lack of spares. It’s just another well in Montana. Just happens to be helium!
Usual caveats
Trek
I believe drill will be circa 3 weeks to a depth of 8000ft - reading that Bo has used the rig several times to date to.
From spud, has anyone an idea of how long the first drill will last and to what depth, including the subsequent testing?
I was planning on adding more when funds allowed, but after this morning's RNS was concerned I might miss out on getting my full planned investment on the table early enough. I'm now "fully loaded" at an average of 11.06p, and happy to hold this for the rise into Q3 and onwards. GLA
Ipo share flippers still ongoing. Bit of patience as imo the churn should be done soon. Am opportunity to load up before the overhang clears.
Looking good, off to a quick start. Put it this way I'm glad I bailed on 88e with a small loss at 0.26, especially this morning 😳