Zaks hot list for 202531 Dec 2024 13:26
... Nice to see we have made it to Zaks hot list tips for 2025..
Helix Exploration (HEX): 18p Target 35p
HEX has been one of the few outright IPO successes of 2024, barely dawdling near its listing price of 10p back in April before peaking at 27p several times since then. This is no accident. The company chose to scale the money raised to £7m, after receiving orders of more than £20m, so that share supply would be tight. The $64,000 question is of course how much helium it can find and how quickly? Last month HEX could boast significant finds at Darwin, and at Clink #1, although Amsden is still a work in progress. Nevertheless, what has been discovered so far does significantly de-risk HEX, especially when one takes into consideration that Rudyard has already delivered high flow rates in historical drilling. Recent dips for the shares have been towards the 14p area, and those wishing to get a decent entry point in a stock which has performed well in a hot sector may be eying up this zone.