Member Info for ART123

Yes, but you don't short a share with a tiny m/cap like ITS stupid. Besides, who would want their short money tied up in a share that was suspended for months and even years. And there would be the further worry that the RTO might even go through and that the company might even relist at a higher value than before suspension. There is no shorting here stupid.

These days posters on this board do not have to be 'right' - they just need to have an agenda!!

A clean shell is potentially worth a few hundred thousand and certainly not a "few million pounds" by the way.

Good point though - maybe the creditors were Zeus and the costs were incurred appointing them (and getting rid of the former Brokers - Liberum Capital).

If they do have to raise any funds it's going to be sub 1p that's for sure.

RTO's don't look like a good deal unless the reversing company has some cash. After all how can ITS be a cash shell if they don't have any cash - ITS is just a shell!!

Placing next if they are so short of cash that they have to give away over 3% of the company to pay a few bills. That would fit in with the appointment of a new Broker to sort it out. Hope that isn't at 0.25p too!!

Still not a word about the plans from the new management duo. It does look like they do exist though.

At the end of the day, it is all about how this bigger rig is going to handle the drill conditions as the hole gets deeper. The theory is that the bigger oil and gas rig will manage the difficult hole conditions this is still not certain until the drill reaches TD. There are many incidences of oil and gas rigs coming unstuck in all sorts of locations around the world, with many of these not even known as difficult holes. The helium might well be there but reaching it is the current challenge.

Personally, I am "delighted" with the progress and these really are "incredibly exciting" times. Is that better? Happy now?

By the way, the share price hasn't been positive since 14th July when it peaked at 10.20p and it hasn't been over 10p since. I remember on that day several people posted that they had sold at 10p to take a profit. I quietly laughed at them at the time, fully expecting the share price to rapidly continue upwards to 15p and above but that just hasn't happened. It turns out that they are still the wise ones here.

I haven't posted here for several weeks but looking back through some of the posts over the last week or so the filtering and trading of insults seems to be the norm here.

I expect there will be some excuse - missing items, permits still outstanding, etc - which will delay spud to late September or worse but then the long-suffering shareholders here are pretty much used to that by now. It will still be "incredibly exciting" to some here though.........

This must be the only planned drill where we have even heard a word mentioned about the crew, let alone a whole RNS about them. They are usually just taken for granted.

So we still don't know what has kept the share price down this time pre-spud (so far) - dilution, comparisons with the m/cap at Noble Helium, the after-effects of a 2-year delay to get a rig on site, too many changes of management, or other factors.

Even so, I think most would agree that this is still a fairly high m/cap despite the rise in the price of Helium, though the fact remains that however high the price of the end product they still have to actually make a discovery and the COS is still only in the teens as far as I know which makes this still a punt rather than a discovery.

Not much there we didn't know about already. So just over 2 weeks for the share price to rise before sensible shareholders derisk before spud, especially after what happened in 2021 (there are still posters turning up here regularly posting about how they were stuck in here when the share price crashed after the 'successful' drills).

I'm not really getting all the "incredibly exciting " and "delighted" wording. Maybe she should buy some shares herself and then she might realise that this is just another day at the office (though I suppose if you are on a big enough salary even the mundane may appear to be exciting).

Yes, I agree if you don't like what they are posting then just filter them. Who needs anyone to have an opinion? The cheek of it.

First set it to 100 posts per page and then go to the page numbers and scroll back to page 10. It then goes from page 6 to 14 so you scroll back to page 14 which then goes to pages 10 to 18, etc, etc so you are effectively scrolling back 4 pages at a time. Obviously you can see the dates of the posts on each page so whatever dates you are looking for you know when to stop.

By the way, Lonny was appointed after the MOU-1 drill results were announced. They were announced on 6th July 2021 and Lonny Baumgardner was appointed on 12th July 2021. By the way, if you want to get uptight you should read some of the rude posts that appeared on his appointment - again not by me though. There were some very rude plays on his surname.

I am not saying it was a duster silly but I can give you the names of the posters who did if you want. I'll just have to scroll through 276 pages of posts first.

Yes I didn't read them all silly, I just scrolled back through them until I came to the posts from June and July 2021. It took a while because I could only move through them at a few posts at a time. They were around 276 pages ago.

As I said in one of my earlier posts I have not held shares here before despite noticing that this is a very good trader's share where the share price has a strong chance of recovery from the inevitable falls and lows when things have not quite gone to plan.

However, I recently spent a whole morning scrolling back through 276 pages of posts (with 100 posts per page) to look into what caused the share price to fall when the results of the MOU-1 drill were announced. That useful research is largely behind my posts on here today. MOU-1 was widely regarded as a duster, which would help to explain why it has never been tested in over 2 years, despite the many RNS's from the management declaring that testing was imminent. MOU-2 was an absolute disaster and it is only since the drilling of MOU-3 and MOU-4 that things have started to look a little better. These two drills look to be far better prospects to test first and then leave MOU-1 to last so if it is a disaster it will not be such a problem for the share price.

Having said all that, I can now see why the placing shares are being flipped so aggressively. It is actually quite high risk to be in here too heavily at 11p when nothing is certain and flowing gas is only a possibility.

And I don't know how they intend to get commercial flow rates from 22 separate mini intervals. That doesn't sound a very good idea.

The wording of previous recent RNS's was that all 3 wells were due to be tested by the end of September, though that might have been just optimism to get the prospectus out and the placing off. Blimey, some posters on here were so busy watching the satellite imagery they were convinced that at least one of the wells had been tested already. Not so and now it looks like just the one well - MOU-1 - will be tested during September.

However, note that some of the equipment - the sealed coiling unit - is not yet in country so even though the plan is to commence testing at the earliest possible opportunity in September, with the usual delays they might not even get started in September.

Then there is the small complication that approval is still needed, which might cause a delay.

Then I suppose there is always the chance that the management might bottle the testing yet again - how many times has the market been told that MOU-1 was to be tested imminently - and they might instead decide to go on and drill MOU-25 - in fact who cares if the gas is really there and flows at all when they can so easily raise the funds for drill after drill after drill. Who needs the gas to flow anyway?