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That even the board are perplexed by the share price.
Literally telling the market this is a nailed on discovery.
and we sit at 22
DonCoxothe1st - it’s clearly not yet a “nailed on discovery” (at least, not in commercial quantity). Otherwise the share price wouldn’t be where it is.
As stated before - Bo wouldn't be there if it wasn't .
Its about as nailed on as it gets in my view. But time will tell if i'm right or wrong.
This post is telling the market in advance - its not ramping its fact. 'Significant gas-in-soil anomaly at wellhead demonstrates #Helium in system' their words not mine.
Lord, it just goes to show how the market has changed significantly since the early HE1 days when their cap reached over 5 times our current level without commercial discovery either. Those were the days!
Seems the market will only take notice when / if a commercial discovery is made here. Coupled with what appears to be II selling into relatively low vol buying, the share price is range bound at these levels.
Nothing really to dislike about this company and its prospects given the info which is available to us. and there is plenty of up to date info that they continue to share with us (again unlike most AIM companies).
I agree Don that Bo is very confident that this is his best shot and this venture is years in the making. I am happy to back that right or wrong we will soon see.
ATB
Blue
It can never be pre determined as nailed on... as anyone who remembers Desire Pet back in the day... Announced a Oil discovery and the shares soared on to announce 3 days later its water not Oil!! ..... but here with HEX all things considered its looks a pretty good bet to me and one positive is nothing is priced in at this stage imho... come end of Aug this could easily be a 3 or 4 bagger from this point ...if all goes to plan obviously.
Bigbench - agreed. NOTHING is nailed on until we get an RNS saying that commercial levels of He have been detected.
Despite Bo being an expert and having put his money where his mouth is, every investor here (myself included) is still taking a calculated risk.
As for Hex's latest post: "Significant gas-in-soil anomaly at wellhead demonstrates #Helium in system." a) I'm surprised they can say for certain that it's definitely Helium gas at this stage - without risk of institutional investors taking legal action if this ultimately proves false & b) what they omit (because they simply don't have the evidence either way yet) is whether there are COMMERCIAL quantities of said gas.
As a holder here I'm not trying to deramp. Just attempting to paint a balanced picture.
...the current price is a steal. Let the sellers keep on selling whilst we keep on buying!
DYOR and GLA
At this rate, by the time they start drilling, SP could be 15p. The seller is relentless.
This is IPO's for you. Nightmare. Why didn't they start offloading earlier?
Just feels like they are going to kill any decent news. But eventually the tide will turn
Butch
Will likely bounce from here.
Who knows why they (however many are doing it) have left it this late to dump? Maybe like the rest of us they thought it would have been at a higher price by now and have attracted more interest than it has. They have de risking objectives to achieve lets say by spud and will have to accept a lower price averaged out. Still a 100% return at these levels so not a bad investment. When will the dumping stop? This becomes even more of a bargain by the day...I am really tempted to start adding again at these levels as I have done each time it has visited close to 20p. Still hopeful of a double here as there are a few weeks to go yet and hopefully positive up in between.
Would really look forward to adding at 15p but don't think it will happen!
The only joke here is the share price ; )
Surprised to see it drift but until we get new rig is assembled and ready to go this has no direction as i guess most who wanted in are in !
This has only one direction until the seller is out. It is relentless and they still have 10m.
The post was for crypt..
15p... remember when the start drilling, its multiple horizons, so news weekly.. hint of helium shows... whooosh..
Pure speculation on my part but perhaps Oberon is working its way down to a free carry pre drill. They started at what, 12%, and probably just above 10% now based on the latest TR1.
If the results are good then it shouldn’t matter much long term. However I do worry it will stifle out some short term decent news in the next few weeks.
That’s AIM for you, it almost never goes the way you expect
NewBoF who knows it could be Oberon selling some or Premier Miton or Adele or many other investors. The Oberon position is made up by multiple underlying clients advisory, execution only some institutional or professional and others normal investors, I have some Hex via Oberon and I’m not selling any. I think it’s some profit taking plus some selling ahead of GEX listing on the 30th. GEX has a lower Mcap but are not drilling until December. Some money will flow back here as we are drilling any day and have multiple targets, the first of the Amsten and the historic close Hilliston 1 well found 195 feet of non flammable gas in that formation alone ! Let’s see Dyor
Buyers not deterred and still piling in
Bounce back coming?? GLA. CJ.
No bounce back unless this pesky seller clears off.
It’s a pity we don’t appear to have a geologist among us as it would be very interesting to hear their opinion on Ingomar and Rudyard. Even just knowing they're invested would be a reassurance of sorts!
When HE1 got to 27p the market was the strongest it’s been in recent years. Having said that, it did also do 0.17p to 3.5p off the back of its last drill.
The Helium market is now much more competitive with HEX, He1, MSMN, GEX etc. So the helium money is now much more spread out than it was only 6 months ago.
those that believe have the patience to wait for however long it takes. those that are trading, will become increasingly impatient
meanwhile ipo sellers continue to break out balls
but the rose is cold and the evening blackbirds are singling
don****o
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