Member Info for Blubay

But you do understand that the vast majority of retail share investors/traders in the UK just use ISAs, SIPPs and trading accounts on online broker platforms or spread betting websites without certificated ownership?

But the vast majority of retail clients do not have certificated ownership, that's what the holding represents

"Hargreaves Lansdown hold 1,525,664,068 in an AIM listed company because they think they will make money by holding them. Thats a massive risk for HL "

Of course they're not. That's the total of shares they hold on behalf of all the people who hold shares on their platform. You don't own your shares traded on HL, they do, you own the beneficial interest in them but you're not the listed shareholder in the company's record, HL are (unless you make that application).

Similarly, Hargreaves Lansdown, Interactive Investor, HSDL, Barclays Smart Investor, AJ Bell and IG are listed because they hold stock on behalf of retail buyers not because they invest in HE1 as 'institutions'

You really should stop repeatedly posting this kind of misinformation

The 'institutions' you refer to hold less than 0.5% of the stock and represent retail investors (such as L&Gs stock and share ISA clients).

Legal & General Investment Management = 0.38% of HE1's shares (20m shares = c. £200k)

Fidelity Life Assurance (500k shares = c. £5k)

Banca Credinvest SA (500k shares = c. £5k)

Toffers, seriously, they're not major investors, and 'institutions' you suggest mainly represent retail investors (such as L&Gs stock and share ISA clients).

Legal & General Investment Management = 0.38% of HE1's stock (20m shares = c. £200k)

Fidelity Life Assurance (500k shares = c. £5k)

Banca Credinvest SA (500k shares = c. £5k)

Because 'institutional investors' don't buy AIM penny shares in early stage exploration companies without a mining licence or revenue. Institutional investors don't take risks, they depend on early stage venture capital to take all that risk for them. Much more likely you would see institutional investment in loan capital for an SPV during the development phase.

Worth adding that most of the derampers on AIM forums aren't investors 'looking for a lower entry price', they're just betting on the price movement going down rather than up, using CFDs / spreadbets. The ramper myth of short manipulation to help a 'big investor' get in lower appears on just about every AIM chatroom but it's almost never true except in takeovers. Both sides seek to deceive, as bad as each other, or sometimes the same people.

Either way, it would be prudent to get in/out today, depending on your preferences as there's no way of knowing whether news will come Monday, Tuesday or Wednesday

The RNS should confirm the application was successfully completed and submitted, after it is submitted. Companies often report on the day of submission but often the morning after.

There’s a difference between market sensitive information and commercially (competitor) sensitive information. They have to report the former but not the latter. I’m hoping there’s a key point summary confirming the proven reserve estimates and commercial assumptions underpinning the application. I’m not expecting all the details until there’s a competent person’s report or research analysis, which may take time.

The final deadline for application is Tuesday so certainly it will be submitted either Monday or Tuesday and announced to the market either same day or following.

The comparison with 5p for 3.7bn shares in February (£185m cap) would be just over 3p at 5.9bn shares now, hence the current broker target of 3.4p

You can’t compare the February share price without adjusting for the number of shares now in issue.

Not surprising, it’s too risky to play more short games with this now given the incoming news schedule and the MMs will be sufficiently stocked up with penny shares.

Well Stollen didn’t last long in offering inside information, account deleted? 🤣

I would be amazed if Liberum allowed HE1 to put out a good news RNS this evening. But it would be prudent to take or close any positions before the weekend, although I think it will likely be Tuesday for news.

Toffees, no-one releases a good news RNS after hours, let alone on a Friday. That’s the bad news slot. Optimum trading slot for a good news RNS is early on a Monday/Tuesday so they can trade on it.

They’ve had the maximum 2 years extension (after the initial 3 year extension). The licences would revert to the TZ government if they expire (and why would the Ministry not take that opportunity to own them?). If they were not commercially valuable then HE1 would be handing them back now. If they are valuable they’ll get that application in by the deadline, as planned.

They have to apply for a mining licence by Tuesday, otherwise they lose the two key licences that are now at the maximum period of extension for exploration

Where did you read about talks with a JV partner?