Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Please stop posting this false information, which you've done several times. There is no new analyst/broker share price target rating. There is one analyst rating but it's from three years ago. If the article is new then it's referring to the old rating.
They have successfully proved the geological theory they set out to test some years ago, based on the collaborative research with Oxford university etc. That's an amazing story and a huge success, career defining for an exploration geologist like LB, very exciting. How much helium they can commercially recover from the existing well we just don't know yet. So we have a major theoretical de-risk on the whole Rukwa prospect but now waiting for information on it's commerciality.
Ah yeah, I see what you mean. In theory if they've given instruction to buy/sell then they are deemed to be aware of it within two days of the event (see the quote I posted from FCA rules), I think that knowledge applies whether or not the order has been fully executed (but not totally sure about that and could well be a grey area).
"Where the shareholder is party to or instructed a transaction, he will be deemed to have learned of the transaction no later than two trading days following the transaction."
There were 11 TR-1s in a month from late December to the well completion RNS, mostly representing proxies for small traders. The "4.7%" RNS was then more of a placeholder really and only fleshed out what was already in the TD RNS. Some very useful context and some promising detail but not sure it added materially from perspective of a major shareholder move. A new 3% entrant would have to be in the millions and if that was me I'd want to see the numbers first.
Within 2 trading days for a UK issuer of shares, within 4 for a non-UK issuer.
"Where the shareholder is party to or instructed a transaction, he will be deemed to have learned of the transaction no later than two trading days following the transaction."
Once bitten twice shy, the market clearly does not yet value the positive preliminary results as highly as it valued the unproven results last time. That may not be a bad thing, a more cautious, more experience investment market with higher share trade volume hopefully leads to a more stable price discovery over time. Fundamentals and market sentiment are two very different things. Like most people, I believe is HE1 is considerably undervalued and significantly de-risked otherwise I wouldn't be invested, and I've been consistently long on this share for years. I just think it's prudent to see that market evolution in stages because we simply have no idea how share price growth will play against future fund raises etc. A lot depends on whether the full analysis is sufficient to sign up significant investment partners, or whether they need to go back to either of the wells, as she mentions in the video, before they get to that point. Then it depends if partner agreements are dilutive or non-dilutive, or a combination. Are they based on future sales, on raising commercial debt against asset value, with or without debt/equity swaps, mergers, acquisition? There are a wide range of possibilities. Mostly transformational for future mCap, mostly unknowable in terms of share price. First step is just to get some sound analysis of share value to proven asset, which I don't doubt is a high number, share price discovery in the market is a different thing.