Member Info for AJ316

Decent buys this week, let’s see what next week brings. Hopefully we get some news soon to get this moving higher.

This fell on my radar yesterday, can someone who’s followed for a while shed light as to why there is not a single RNS listed on LSE website, seems very odd.

Surely the ML can not be issued this soon, there will be a process and less than 2 weeks just seems way to soon.

Buying volume today tells you all you need to know. Day traders will of left now and yet there is still huge buying pressure.

What peaks my interest is they’ve always alluded to delivering ahead of schedule, the fact we’re going down to the wire might be due to due diligence or down to a JV being worked on.

i wanted to start the question here, but i’d just get drivel, decided to ask ai because it doesn’t talk ****. i’ve been pondering a thought for the last few weeks, thought i’d share as it’s an interesting thought, not saying it’s likely but it is worth thinking about.. question and answer below.

it is not uncommon for oil and gas exploration companies to announce joint ventures (jvs) for financing towards the production phase alongside submitting feasibility studies and mining license applications. the transition from exploration to production is capital-intensive, and companies often seek strategic partnerships to help mitigate financial risks and secure funding.

several factors influence whether a company simultaneously announces a feasibility study, mining license application, and jv for financing, including:

1. **size of the company:** smaller exploration companies with limited financial resources often need external financing, and jvs with larger partners are a typical way to raise capital. these companies might announce jvs around the same time they submit a feasibility study or mining license application.

2. **stage of development:** companies moving from exploration to development require significant funding for infrastructure, production facilities, and other capital expenses. announcing a jv at this stage is a strategic move to ensure financing is in place before advancing further.

3. **investor confidence:** a well-timed jv announcement can boost investor confidence and support the company’s share price by demonstrating a commitment to long-term production plans.

4. **regulatory approvals:** the timeline for announcing jvs might be aligned with regulatory milestones such as mining license applications to show regulators that the company is financially prepared to meet its obligations.

however, not every company follows this pattern. some might secure jv agreements earlier in the exploration phase, while others might focus on completing their feasibility study before looking for financing. typically, jvs or partnerships are announced in tandem with or after key feasibility and license application steps when the project has been de-risked to a certain degree.

would be interested in hearing peoples opinions and experiences on this, there must be a likely chance a jv may be put forward at simultaneously with mining license application.

Point proven, weird guy.

Juno you’re clearly not mentally stable, take your head for a wobble.

What are people’s expectations this week? We potentially have a very news rich 2 weeks ahead, it would be nice to kick start tomorrow with an RNS and get the SP heading in the upward trajectory.

amazing how it’s a continuous repeating of the ‘sub 1p’ ‘raise incoming’ narrative by loads of accounts one after the other, most of which i’ve never seen before, **** off elsewhere your boring and annoying

20 wells, 20million a year, minus JV %, minus tanz gov %, doesn’t leave much annual profit. That is also after the time and money needed to develop 20 wells. I’ve halved my holding so not a deramp as I am invested just pointing out this is nowhere near the size of find it was built up to be.

I think any JV options previously in discussions will now be very wary given the lackluster daily cubic feet of helium. I for with all the positivity surrounding this find leading up to the EWT was expecting more than what they’ve managed to flow to surface. You are talking less than a million pounds worth annually even with artificial lift.

Craig your calculations are incorrect, read the RNS. 2,701 barrels per day = 834 standard cubic feet per day.

If itumbula isn't commercial, the raise will be much lower than 0.75 as the SP would collapse hard.

I don't understand the constant whining, the raise is done and dusted. B*tching about it and constantly discussing the doom and gloom of pending results is stupid. If you are invested, sit tight and wait for results. If you are not invested then p*ss off from this board and find a better way to spend your time.

Interesting read, all relevant to HE1, particularly ‘The preferred rig contractor has now been selected and the company is in the process of finalising the drilling contract ahead of the drilling phase of the appraisal program.’ now who has a rig available within close proximity to noble ? That would be a nice cash balance buffer if they go with HE1.

Just thought I’d pop over and check ADVFN’s rumour, and that is exactly why I never check that site. Pure ramping fantasy any time I do 😂

De rampers*

I really don’t understand the hysteria around the pull back Friday. It is simply the investor who want to sit through results are holding and the ones who wanted to trade it to make a quick % gain did so and sold Friday. The talk of a fund raise is just mind blowing, how anyone can for one second can think they would or can raise funds prior to results when they are funded for this stage just blows my head. Shows the lack of knowledge from many genuine holders who are suggesting it could be the reason for the drop. Take your head for a wobble and look forward to EWT read out, that is the only thing which should be given any thought right now. How anyone could think they will come to the market for money after a previous raise for a specific outcome, just before the results of the given outcome is beyond me, how would that look ? Anyone suggesting a raise are either thick, incompetent or rampers. Sorry to be nasty if you are genuine, just speaking facts.

The fact this topic has been discussed so much this weekend is a shame, it should have been put to bed on Friday.

GLTA, let’s enjoy the coming weeks and roll on results.

I really don’t understand why people are moaning we are down today. News is expected next week, just because many of us are comfortable holding into results, many are not. It really is as simple as that. Some who bought in Monday just made an easy 30%, they simply don’t need or want the risk of result read out, they’ve made their desired profit. For us who are confident and are holding into results let’s all hope we are rewarded.

GLTA, enjoy the bank holiday weekend. Let’s hope next week brings us the news we all hope for.

How can you say it is priced it, we are at 100m market cap, we don’t know the value in the ground to even say that results are priced it. I think a successful result is obviously priced in otherwise we wouldn’t be sat at 100m market cap, but not the actual results as we are all expecting NAV in the billions based on all the available data.