Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I lost £25k basically. But thankfully I have other investments which do well.
BTW some here will look at £25k loss and be like WTF. However the more investment pot grows, there more £ value profit and losses are likely. In 1 day I can either lose £1k or make £1k. You have to make yourself immune from worrying about these swings.
No point being emotional about it.
Whether they make a commercial discovery or not, point being, for LTHs, there's no value in this share now. It's over.
Also good luck with Lorna getting another top job in a company. They may pay themselves for another year, but the company is about to be finished. Any new employer should do their research and run a mile from hiring this BOD.
As some of you will know, I have been invested since 2021. The SP and fundraises have been managed badly, period!
We are now in a situation with circa 3.3bn shares in issue. To put that into prespective, 2 months ago we were around £50m market cap, with a price of 5p, say circa 1bn shares (rounded up). Now a £50m market cap is equivilant to 1.5p share price. An all time high market cap of £200m which was in 2021 around 28p, will now be 6p.
Basically all LTHs with averages of 10p or more, you can write this investment off. For what it is worth, my average was 13p and I never averaged down. Nor will I because I no longer believe in the BOD or the fundamentals of finding commercial free gas helium in the areas we are drilling.
I have lost a lot of money but although I am gutted, it's not the end of the world. I have learnt extremely valuable lessosn in this journey and have a well diversified investment portifolio away from single shares. No doubt I will recoup my lost money in the coming years via other means.
You can't win at everything in life, that's just how it is. In hindsight I wished I had sold much ealier at a lower loss but I believed in the BOD and the fundamentals at that stage. I think a bit of bad luck and missmanagment by the BOD has got us here.
But for those who are thinking of averaging down, you will still be throwing good money at this investment and IMHO, I think even a success at the next drill, SP will struggle to get past 1.5p, which represents a £50m market cap. Lot's of cards need to fall in HE1s favour to realise a £50m market cap from where we are now.
This investment is a write off and never will I ever invest in 1 single company and bet on a BOD. The most expensive lesson I have had in my life, and probs the most valuable too.
BP
Https://www.proactiveinvestors.co.uk/LON:HE1/Helium-One-Global-Ltd
To all readers, the RNS is disappointing. If it sounds like a duster, smells like a duster, it probs is a duster and make no mistake, that's what the market thinks.
To all LTHs out there, today is another blow for us all. I have lost quite a bit of money on HE1 now over the years. Deciding whether to call it quits, sell up or hold on as there's not point selling at these levels. I have circa 126k shares for what it's worth and massively in the red.
But the bigger picture is what matters to me the most. And not the HE1 bigger picture. I actually think HE1 has a limited future tbh.
But wealth creation can be done in many ways. Your employment income, property income, funds, savings, premium bonds, etc etc.
I have lost 1,000s in HE1 but overall, I am significantly wealthier through my investments in various assets. I am still young, I will recover the 1,000s lost in HE1 many times in the next 10 years and then some....
To anyone who is feeling down today, I say get yourself back up, it's a bad day in the office, a bad investment decision and lessons will be learnt (I will never invest in a AIM company or an individual share like this anymore). Very expensive lesson indeed.
There are plenty of other ways to make money and create wealth for your loved ones.
Let me be clear too, no point blaming the Board. We all knew this is a binary stock in exploration. It could make you rich, it could also lose all your investment. The Board tried their best, have not been able to delivery and unfortunately the future does not look bright. For starters, share dilution (whenever it comes) will be deep. But the highest rewards are in the riskiest investments and unfortunately you win some, you lose some.
So I say, keep calm and carry on. I certainly won't be jumping off a bridge anytime soon.
Big plan
I said many times yesterday the importance of finishing above 6p. Some clowns here thought we met that objective by finishing on 6.03p.
We are still trading between 5p and 6p unfortunately. Now back under 6p. Very annoying. This won't go to 7p until results are out.
Come off it, once you round it, it's 6p. Look I really wanted an above 6p finish, we got a 6p finish that's all. No real change to the price action IMO. The share is still trading between 5p to 6p.
By finishing well into 6p (i.e 6.1p or more), then a new trading range would have been established.
This is why finishing above 6p is important. Let's try and stay above 6p to make a real effort to run at 7p. I would be happy if price remains 6.10 or above by COP today. Keepp buying guys, keep the pressure on.
RJ, exactly that, casing means you can't test. Casing is normally run after all testing, to protect the finds. The on production tests, holes are punctured through the casing to release the gas and conduct a flow test.
So I would imagine if results are good, they would case upto lower karoo then re-drill to basement and take a risk. YOLO.
But I am struggling to see multibags just from lower karoo discovery.