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TBH, I do have a lot of sympathy for the LTH that got shafted with the massively discounted placement.
There's always the additional risk of severe fundraising, whenever the company doesn't generate any revenues and the upcoming drill is higher risk (in this case due to inconclusive result of previous drill).
Going forward, if this drill result (if proven viable) will dramatically reduce the discount to the next placement. IMO
Profit jock the placing was 2.4bn shares on December 21st, there's been loads flipped since then, you can't keep counting sells and say there's still billions more to sell lol last two trading days was massive volume and I'm expecting the same through to results.
Encountering helium concentrations over twenty times higher than the background during drilling is a positive and promising indication. Such a significant elevation suggests a substantial presence of helium in the geological formations, which can be favorable for commercial extraction.
Odds on its commercially viable, should be fun next week.
Come and join the party.
With Tai-3 well not being plugged & abandoned, it does suggest that with 6 times background helium it's borderline commercially viable.
West-1 with over 20 times background helium does look to be commercially viable.
Interestingly 6 times being an exact number whereby over 20 times is a variable number, could actually be 26 times for instance.
Looking forward to seeing the results, bodes well for a decent size discovery. IMO
There was a time when you could buy 1m shares in GGP for £300.
There was a time when you could sell 1m shares in GGP for £300k.
Imagine how many derampers there were between them times.
Good Luck Everyone.
Between now and the results this is going to be massively traded but the additional selling pressure is severely weakened.
The overall view is will rise higher into results.
Profit Jock come and join the party, c'mon there's plenty of room for you to also make some money here.
Loads of chatter on here today when the market is closed which bodes well for next week.
TR1 indicates a lot of selling pressure has been taken out which bodes well for next week.
I'm already two-bags up here which bodes well for next week.
Next week bodes well IMO
Yes the hydrogen shows indicates a substantial elevation in concentration. Such a significant increase could indeed be promising and potentially commercially viable.
The well has also encountered elevated hydrogen shows, over two thousand times above background, in the Lake Beds Formation and sufficiently elevated in the Karoo Group and Basement