Do you think that amount of capex would be anywhere close to what it would cost? The original modular plant proposal was for $38m (pre consideration of the geothermal and the hydrogen component)
Good luck, at the risk of being a grinch, putting all your money on an AIM exploration stock with no income stream is about as risky as it gets (although HE1 is obviously a more optimistic gamble with the discovery)
You could in theory hold your shares yourself in certificate but otherwise your broker holds your position and reserves the right to loan your shares. This clause will be in your brokerage agreement.
When you set limit orders they be also visible to third parties clearing. The ‘helpful’ souls on bulletin boards telling you this are often sent out for this purpose, to gauge likely exit points.
There’s nothing magical about limit orders. It’s simply an instruction to your broker to buy or sell stock when the price reaches a level, the broker will try to execute the order at best available price. That order will either be filled or not, depending on liquidity. It’s not like buying an option/futures contract for example.
They can’t model reservoir parameters using O&G criteria because there isn’t a reservoir in that sense. They are assessing data on a dynamic helium migration system, which really requires a new way of modelling.
That’s true for a straightforward pure helium play (see slide 25 in the September investor presentation). The newly discovered hydrogen throws a bit of a curve ball that would need to be worked through.
They’ve got flow data, they had an independent PVT lab set up onsite. The raise enables them to play a stronger hand in negotiations (not deal or bust). Any partner will need to see the full commercial analysis report first. That’ll be the next step.
Yes Joe, Chinese capital is always a consideration in African resources and infrastructure where strategically important. There are also the big global players in high value gas supplies (not all of them with a presence in Africa). The government’s strategic interests also have to be considered. The Chinese are important but so are the corporates who are paying for the new gas terminal port.
ASAP means just what if says. As soon as the full analysis is presentable to market it will be presented to market. She did day ‘in the short term’ so it probably won’t be too long. But frankly they would be paying for this video to maintain interest if they were going to RNS immediately.