Let’s not pick on him too much lads, in his defence he has always known this has a massive chance to boom but clearly felt threatened enough to sell which is fair.
My issue with him was his fear mongering Friday at the first sniff on this moving up, but he’s realised his mistake and bought back in this morning so let bygones be bygones.
There are literally no sellers left here at these prices, all lth are in red and day traders don’t tend to appear until you’re at top (or bottom) of leaderboards. I can’t see anyone selling sub 3p as that’s the price we were at pre suspension - on confirmation of NED we will start seeing big moves in anticipation of proposal to govt this quarter.
So much to look forward to with all dependant on NED coming on board, if this gets done sub 3.5p boys it will be time for us to all go in here imo!!!
The original jv signed with power china gave an insight into costs etc with pc agreeing to invest 4 billion $ as an initial investment to get things up and running, so considerably more than that! A lota lota cash bud….current mcap of 5m will look like a joke on some positive news over the next couple weeks!
Ask yourself this, when the person invested £100 the mcap was 300m plus. Why did the market value this company at 300m without any successful drilling results? Why oh why??
Maybe it’s because helium is a highly sort after resource and the sniff of having it in the ground resulted in a 300m valuation.
We now have CONFIRMED helium…300mcap at the sniff remember. When the market decided it wants to let this go and results have been verified expect double the previous mcap on success.
Now turn that frown upside down.
The risk is why the price languishes at 2p and not 20p…risk is priced in. We’ve been through the for and against delisting many a times and i’m 95% a NED is announced before the first week of march is over.
After this is confirmed good luck anyone trying to build a holding around 2p or sub 5p for that matter.
Reconnect…hello and welcome! Monster about to awaken is a perfect analogy to describe GCM.
Last few days have been a little strange, it’s been ticking up on no volume indicating background buying is taking place.
Hopefully it’s a leak announcing new NED appt- that would be amaaaazing!!
RP2020 you were talking this down at 1.8p yesterday and today you’ve bought in @ just under 2p. Lol idiot
Now don’t double down on idiocy and sell for 5-10% and try and hold for once up to at least 6p. Thank me later.
There’s also the small matter of advisory fees that were outstanding amounting to around an extra 12% of share capital if approval was given before July 2023, which it wasn’t and now they’re not getting paid. Better for us, timing feels right with govt in first term of new office but let’s see.
Sharebare2 - i made a similar point recently, specifically relating to the NED situation and using THAT to take this private. Doesn’t make any sense at all…Tang could’ve withheld polo funding and taken it private years ago, not a penny of the 3.2m has been paid back, why give it? On top of that his wage has been deferred for 3 years, he wouldn’t have done that unless he expects a big pay off and the way that happens is by getting approval and selling his shares (of which he owns over 30%) on the open market as this rises into the pounds.
It’s expensive to have a London stock exchange listing, pay annual fees, meet nomad requirements, needing shareholder approval at agms etc. He needs it because without it the licence is worthless and he’ll get taken out on the cheap by Bangla gov/Chinese with nobody to step in. The LSE listing gives him security - the figures we are talking once this takes offc security is essential….his very living probably depends on it (dramatic, yes but don’t underestimate peoples greed and corruption).
Now put the shares Polo is currently holding into a calculator and times it by say 200 (£2) which is a minimum at some stage after approval and go figure how much Tang is now worth.
Copper - RP saying he bought and sold for 15% is just his way of admitting he was wrong to bash it all day and he’ll be taking an entry soon (after bashing it some more). Pay no attention to the contents of the message but the intention of it…plenty of hungry traders lurking for their 5%..most are probably down like Yana the genius who has lost over 90k trading.
LB needs this at 6p just to gain her shares, expecting the SP to hit it before the end of Feb. GLA
Some of the commentators here are so funny, you have PJ who’s been advising against buying since 0.2 - since done 1000%+ rise.
Now we have Yana - reading a few comments from his history this one stood out:
YanaAlikhan
Posted in: HE1
Posts: 137
Price: 2.40
No Opinion
Today should be interesting8 Feb 2024 07:47
Folks please gamble only what you can afford to lose.
No stock can continuously increase and don't want fool to get carried away.
Over the past two decades of the 30 potential blockbuster stocks only 2 ever materialised.
My net profit over the past 2 decades is -£94000
Yes that is a loss!
- 90k+ loss. Now why would anyone take the advice of such idiots I don’t know. LOL
Every weakness here is an opportunity to add to holdings, once news arrives you’re gonna wish you had (that includes the deramping squad looking for cheaper entries). GLA ignore the noise and small fluctuations in SP
Showmethemoney i hear ya, no doubt we would all be happier if the situation was as you say and the price reflecting it, but it’s not unfortunately.
I’m only offering an alternative opinion because as LTH’s it would be a shame us holding years, then finally when things are showing promise (albeit with more risk) some of us sold out and what we waited for finally came to fruition.
All of us LTH are in the red here, i’d rather lose out than the above scenario play out but that’s just me, everyone should act according to their finances.
We have a clear timescale (q1 2024), we’ve been told already about the NED situation only 2 weeks ago in the update.
They likely have a local (regional) lined up, someone who’s had dealings with government before. Imo
Everything feels geared towards getting it right this time, offering govt a % and funding to see us through this period until not long after, at which point financing on approval will look very different.
An example used by youknowitsright - HE1 had a fundraise at 0.25p 6 weeks ago for 6 million and one this week at 1.75p for 4 million (increase of 600% less than 2 months later). Same principles as here, one bit of news changes everything. Except we know what we have which is hundreds of billions of coal.