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I reckon that if the next drill goes well and they hit gas then 3p could be easily possible - that will be a m/cap of about £100M. Previously when drilling Tai-1 a sniff of Helium had this up to a m/cap of £165M. Nothing much has changed and the Helium is just as valuable.
Yes, but with the volume over the last day and a half it is just a panic to sell them below the placing price. And pretty stupid too. They can just as easily raise the sell price to anything between 0.25p and 0.30p and the placing shares will still all be offloaded easily before the spud of the next well. It looks like buying pressure is going to force the price up anyway, albeit slowly. The MM's should also be charging a premium for larger quantities ie. 10 million and not letting them go for the same buy price as a few hundred thousand shares.
2 x 10 million buys and 2 x 4 million buys and still the MM's don't up the buy price. This is getting very silly. Yes, there might be some big sell orders being worked but it doesn't matter to the sellers whether they get 0.238p or 0.248p or even above the placing 0.258p. In fact, generally to most sellers, the higher the sell price obtained the better.
Only the Tai drills have failed to find Helium so far. Noble Helium seem to be pretty confident that they have already made a discovery and confirmation of this will derisk the whole basin. And this new location may just as likely hit Helium for HE1 too.
I think the MM's should have a good Xmas break and then come back and pay more attention to their jobs. With this sort of buying demand the buy price could be 0.25p, 0.26, 0.27p and even a lot more.
Endless amounts of buys going through at 0.241p - so what's next? 0.242p??
They should not have taken the sell price down below the placing price. That is just silly and very insulting to those who participated in the placing.
We might even get a blue day today if we are lucky. That will be the first for a while. Positive news to come:
Rig mended and fully functional
Drill plans proceeding with spud date
Further info regarding the first drill
Noble Helium announcing a discovery, which basically will green-light the whole basin.
Exploration companies don't go bust. They stay around for years and years and there are lots of examples on AIM. Besides down the road, HE1 could always look for a JV partner to drill one or more wells. Mosman recently secured a JV partner to drill a Helium well in Australia this coming year. That will cost them nothing and these exploration companies can survive on very little when they need to. HE1 will still be around years from now and if they do hit the helium on this drill or future drills they will be worth a lot more than now.
If the next drill is a success - and why not looking at NHE's drill results so far - then I don't think that HE1 will even need to go back to Tai so that could save some serious cash.
Does anyone know where the HE1 acreage is in relation to the Noble Helium acreage. Are they close?
Just asking because the Noble boss has been very confident since the outset that NHE would find Helium and kept saying that every single drill in the Rift Valley (I think without double checking) had been successful - until HE1's Tai drills that is.