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What I hadn't fully realised (and I have been in on a lot of drills over the years) and it becomes obvious here now, is that it is the drilling contractor who organises and does all of the pre-drill work. I suppose it is obvious really as it is their rig that needs the drill pad and their workers that need housing when on-site, etc, etc. Anyway this is now underway and will probably all be completed within the next month - GEX have said that they will send a team to inspect the (finished) work in June - and then the rig and equipment will be mobilized to site. That will involve 50 trucks of between 40 and 60 tons loaded and also the crew will be flown in and out on a weekly basis. It is obvious that this is a multi-million £ operation, paid for by the off-takers and not something the rig contractors would even start on if the funding was not forthcoming.

Within the last few weeks the stupid acquisition has been dumped, the rig contract has been signed and work has started on the ground. Drilling should be about 2 months away. It would be nice to see the share price re-rate soon. 20p would be a good starting price with a modest £35M m/cap.

ATB

I'm a bit disappointed to the markets reaction to the Hussar pre-drill work commencing. It's big news. What is it going to take to get this shifting upwards???

There are still some sellers around otherwise this would be moving up with this news. Maybe the sellers are left over from that ridiculously dilutive recent placing. Or maybe the Institutional Investor who very greedily grabbed those cheap conversion shares last week is trickle selling in an attempt to keep the share price down so he can get away with some more cheap shares. Whatever the reason it's a shame as this could easily move up by multiples and still be under priced. Also once the share price rises to a more sensible level - ie. 20p for a £36M m/cap or whatever - then the risk of more stupid dilution will stop altogether.

Big trucks, big plane - google search '19 seat Swearingen Metroliner' - and a big drill. Maybe this is a bit undervalued at the moment.

Great news and progress at last. Big operation with 50 plus 40 to 60 ton trucks soon to be heading their way.

Just need the lagging share price and m/cap to get this too. We are still stuck on a £10M m/cap when £100M might be more in line with operations.

ATB

Its finally begun. On-site work now for a month or so and then it will be rig mobilisation. Bring it on. All paid for with no dilution to shareholders.

By the way, the Interim Results were out on time last October so the company do not have any further issues with their results beyond the historical one from the RTO.

These posts are far too complicated.

Lets look at some facts. Over the past 4 or 5 years, particularly after the Russia/Ukraine war and sanctions against Russia, the USA has gone from a nothing producer/exporter of LNG to the world's largest. Australia has followed close behind to become the world s second largest exporter with Qatar (and this is before the Iran conflict) the 3rd largest. There is now suddenly very good money in producing and exporting LNG. Follow the USA which is usually a pretty safe policy.

"The global liquefied natural gas (LNG) market is dominated by three main exporting countries: the United States, Australia, and Qatar. Together, they account for the vast majority of worldwide LNG trade, supplying major markets across Europe and Asia."

So Harlequin know exactly what they are doing and the LNG alone will make their investment worthwhile with the added massive bonus of the Helium and Hydrogen which are worth many, many times more than just the LNG.

If the share price can get to around 20p - that is about a £35M m/cap so nothing special - then that would be a good point at which to put a stop to all of the mindless and needless dilution by Hamilton. That RNS today was quite ridiculous - apart from the shares issued at 7.5p that is - but to drop the conversion price for the Institutional Investor was quite loony.

I just checked and the IPO or rather the RTO price was 12.5p so there is a long way to go - a double up to be precise - even to get back to where this started. Roll on getting the boots on the ground at the well site.

Cheers but let's face it they don't need to start from the ground and build new units anymore. The Sheik has empty units waiting around in abundance and Bitdeer have an endless supply of mining machines as well as other hosting services - ie AI.

Bitdeer are tradeable on Nasdaq.

No it's just a straightforward transfer. The shares en masse are delisted from one market and then relisted on the other (out of hours of course). The shareholders do not have to do anything.

Excuse me but I have tried every link to X and each and every on says:

Hmm... this page doesn’t exist. Try searching for something else.

What am I missing???

Not sure where they are getting the shares from to feed these large buys but let's hope they run out soon and then the share price can really start to motor upwards. No one is going to sell at these prices. Maybe when it gets to 20p, 30p or 40p but not at the current price.

It isn't up for negotiation. IG Markets will sell the shares and it isn't just going on with Mendell. It affects 50 shares in total, as listed below;

https://www.ig.com/uk/unsupported-instruments?lid=besz2quf0xdf&utm_source=crm&utm_medium=email&utm_campaign=em_uk_ess_ess_ibkrfeaturelossisin_20_04_2026&utm_content=variant%201&utm_term=retail

Well the only news we want to hear is that the boots are on the ground. Everything is going on on-site from now on and the sooner we are informed that ground work has commenced the better. Nothing else counts or is of importance.

Yeah, a bad mannered Institutional Investor is that one. Do we know who it is? Obviously the person knows that they would not have got away with it as the share price rises much further so they got it in quick. Bad mannered and very greedy.

I would have thought that the Institution Investor would have been quite happy to pay the original price of 8p for the conversion shares. After all the Investor is I'm sure as keen for the share price to rise as all of us PI's so why hold everything up by being greedy and securing a silly price of 2.7p - especially as the share price had already just about touched 8p over the last couple of days. Hamilton should of stood up to him and secured a reasonable deal for all shareholders. Whatever the original arrangement 2.7p is no longer a sensible and relevant conversion rice.

Yes the advice is to transfer the shares to another ISA provider. I have just filled in the form to transfer mine to AJ Bell. I have spoken to IG Markets (average call wait time of 25 minutes plus) to ascertain what would happen to any shares not sold or transferred by 20th June 2026. I was wondering if they might issue a shares certificate but apparently the ISA rulings are that ISA shares cannot be held in certificate form and they can only be held in a Nominee Online account. In view of this IG Markets confirmed that any shares still held in their account after the 20th June (Saturday) will be sold on Monday 22nd June.

However, I do not agree with the information in the earlier email from IG that they cannot be held by IG even if MDH has completed its move to the AIM market. That doesn't make sense. I called the Mendell head office a couple of days ago to get an update on the AIM move from the ever-helpful Anna but instead the call was answered by Nick himself, which gave me quite a surprise. He confirmed that they are aware of the situation and that they do not have to hold a GM to seek shareholder approval and that subject to issuing a Prospectus the whole procedure will be completed in 2 or 3 days.

But for safety's sake I have initiated the transfer and I now just need to check that it will be completed in time. I am assuming that IG will speed through the transfers now as there is a deadline date.

I just want to see this share price rammed up as much as possible to the point where drippy Hamilton is left with nothing to do but issue pointless speeding tickets...........

It tells us that you have got a f*ck of a lot of shares - good for you. And at 50p you will be a Georgina millionaire!!!