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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.

Endless amount of buys going through at 0.24p - so what do the MM's do?- they put the buy price up to 0.241p!!!

Xmas break now. Maybe news that the rig is mended and fully functional between Xmas and New Year and confirmation that the drill is on and we could easily see 0.30p's or even 0.40p's here by early January.

The share price has just turned blue. Only 0.64% up but it's a start.

The share price has just turned blue. Only 0.64% up but it's a start.

COPL also fell to 0.23p - same low as here - but is now back to 0.30p/0.35p - and they do have the risk of going bust as a producing company. Same share price recovery here please!!!

I'm just saying they will not go bust. That is nonsense talk. Only companies in production go bust.

Once the share price shows positive and is up for the day I can imagine that people will pile back in.

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.

I always thought that a return to Tai was a bit rash and very risky after the previous 2 failed drills. Hence it was easy not to hold any shares during that drill.

This new prospect is going to at least be a breath of fresh air and it could well be the company maker that discovers the Helium. After all Noble management are pretty sure that they have hit gas in both of their shallow wells so far. And the upside is much bigger now with a much smaller m/cap than at any time during the previous drills.

Tomorrow will be the first day in 3 weeks that the share price won't be falling through the floor while everyone was either selling in fear of a placing or holding back on buying due to an imminent placing. We may even see a share price increase tomorrow. In fact, that is most likely. Bring it on.

I think that those involved in the placing might regret not having stood their ground and made a bit more of a return from this. The day-after-day falls were ended today by the announcement of the placing - the share price should similarly be turning around and heading back up. Very strange.

I don't profess to know how the MM's and the market works in detail but this seems to be mismanaged today. For weeks this share has been dominated by sellers with no one wanting to buy while the funding was hanging overhead. With sellers in control and very few buyers, the share price has fallen day after day and week after week.

However that has changed today as the much overdue and heavily discounted placing has finally been announced. Now all of a sudden the market for this share is demand-driven with people now prepared to buy at a heavily discounted price. However, despite the huge demand and huge buying the MM's are what looks like bullying the placee shareholders into selling their not even acquired yet placing shares at less than the placing price. I just can't see why they would and how it is being done. At the very least the share price should be kept above the placing price. Very strange.

I think it's more like $1Billion if they make a big discovery.....

Over 1.6 billion shares traded so far today and most of them have changed hands at slightly below the heavily discounted share price. I think the buyers have done well out of this. Personally I thought it would open at around 0.30p/0.35p this morning.

I think the MM's want to slow down and use their heads a bit more as there is just no need to keep the SP below the placing price. This was trading at 1p 2 days ago and even with the huge dilution that is the equivalent of 0.28p. Prior to the placing it was between 1p and 2p with only the fear of the bottomless placing causing the increasing falls. 2p before the placing was the equivalent of 0.56p. Now the placing is done and out of the way the fear factor has gone and it is time for a more normal service to be resumed.

Looks like a leak to me. The last one was positive.

Thanks for the advice. I'll leave the door ajar and buy back in if/when the share price is back at 0.15p (provided the deal sounds like it is still on). The share price here was over 1p a year ago and 3p two years ago. It has been decimated in much the same way as HE1 and COPL except over a longer period of time. And all this FOMO scaremongering nonsense is just silly.