Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Not just Minchin who left "
That's right, the company was quickly restructured in early 2023 (after the 'discovery' at Tai in 2021-22). The company's approach was changed from expertise in mining to expertise in O&G. The original team was replaced, with new directors who were previously in senior positions at Orca Energy (which operates Tanzania's offshore gas fields).
No problem, hard not to be sceptical on this board! Just for info, he didn't leave "to join a another Helium explorer start up in Montana". He was unemployed, the did some advisory for Mossman (god help him) on their helium play in Australia, then landed the exploration role with HEX. Hopefully he does well there.
But in answer to your crude attempt at posting FUD... no, don't think so. I think HE1 remains probably the closest prospect to major commercial returns on pure helium discovery anywhere in the world, and I'm sure DM is knows that (as he knew they were onto a major discovery back in 2021, hence the frustration at not being able to prove it at the time).
Then again, there may also have been an element of issue with the board/SC, and the subsequent change of control/coup to bring in the ex-Orca crew and LB's appointment, shifting the company from a mining approach to an O&G approach. Just speculation...
You clearly didn't read my post or the RNS. The raise covered the bills due in April and the side track drill costs. The RNS clearly says that the remaining bills due May-August were expected to be covered by the increased flow rates achieved from the side track
Most of that gossip is just pure nonsense intended to make people feel good or bad about holding their shares. In theory MMs can and do influence price by raising and lowering their bid/offer for shares, but there are multiple MMs making bids/offers on each stock and they don't really operate as a cartel. HE1 trades on AIM SETSqx, which is done by MMs participating in periodic auctions through the day. Contrary to popular belief they don't employ thousands of little gnomes to sit all day and monitor the chatter on every individual share listed on the London market though. If they're not active they just widen their margin and the trade will move towards to those with more competitive prices. Some MMs will be very active in some shares when there is trading action to address, but legendary rumours about 'filling a big order' are usually nonsense. A company like HE1 has billions of shares in issue with high trading volumes and it's really not that hard to get them.
For example, there are zero declared short positions for HE1 currently, go figure...
https://shorttracker.co.uk/company/VGG4392T1075/
OK, to back track, you can see data on declarations of short interest disclosed under the FCA's Short Selling Regulations but I think everyone agrees that many short positions evade that disclosure in various ways, or aren't covered by it.
To be honest, one of the most reliable bellwethers on AIM is to watch the discussion forums like LSE and gauge the appearance and disappearance of obvious short trolling discussion threads ;-) Those threads just don't appear on stable shares.
You can't derive long-short ratio data for a UK share in any direct or simple way. Traders will take short positions in a variety of ways. For example, just selling your shares and hoping to buy them back at a lower price in the future is a clear short position, but you can't measure how many people or shares that affects, other than considering sells as a simple proxy for market belief that the price is going down. Some traders take more committed short positions by borrowing shares, selling them and having to buy them back at some point in the future, but there isn't a declared register of short positions. Then there is a whole bunch of people who just bet on shares going up or down without owning the shares, using spread betting websites, and those betting companies have to take share positions to hedge the bets of their customers (and sometimes you can see those positions if they get large enough to declare voting rights on a T-1)
They will have to consider the additional €1.1m in previously outstanding bills due for payment May-August, which was meant to be funded by increased flow rates. As long as they are out of the well they have no cash flow. Hopefully they can defer again.
Possible. As discussed before, I'd imagine the broker will fill the book above 1p and hope to cover risk in advance at a premium above that, anywhere in the current price range would probably just about fulfil the brief. Mcap is above £50m today, so another £10m is only around 20% dilution, at say 25-30% discount to 1.5p (and maybe then a 10:1 share swap going into the production phase). Definitely some some price maintenance going on, but a bit more good news wouldn't go amiss. We'll see. The alleged 'supportive long-term investors' who stepped up for 1.5p last time won't want to get wrecked, so I'm sure everyone's hoping to pull something off in that ballpark.