Member Info for Blubay

The company's own proposal last summer was based on $85m capex and $1m opex, so with allowance for added complexity in the hydrogen component and utilising the geothermal energy potential, and contingencies (especially in drilling wells) 100m seems fair enough as a ball park

CAPEX

• Helium plant US$ 38 MM

• Production wells and gathering US$ 48

MM (6 wells)

OPEX

• US$ 1 MM / year

Always give yourself targets and timescales for your investments (everyone has different goals and different timescales).

Down hole testing flowed 'up to 4.7%' helium. Every explorer quotes maximum figures in initial results. It matters not in the slightest in context of the share price. If they can reliably flow even half that concentration then they're sitting on a resource of world changing significance.

Absolutely Pete, the so-called long term 'supportive' investor bought their shares at the 0.25p placement, after shorting down from 2.5p. They will have sold above 2.5p on recent news and replaced them with 1.5p placement shares, then selling half at 1.75p. Massive profits, and a free ride on the half remaining, pending news. Rinse and repeat for next raise.

Yana wasn’t holding, s/he was short and targeting a lower price point, but missed the dip yesterday due to be greedy for 1.5p and has now lost money on closing the position. 9/10 times it would have worked but this is one of those rare opportunities where an AIM share holds up

Absolute nonsense

Don’t talk nonsense

🤣🤣🤣🤣🤣🤣🤣

Totally agree, they are not going to pep up an admission of shares RNS and they'll let the dust settle on any rumours around that before we see any update on results.

Yep, the trading price for the placement settled roughly at the dilution %, and where it is now, around 1.8p to sell (not 1.5p)

Definitely a magic number and a very reasonable target on proof of discovery

Yes, a 5p target would simply be equivalent to the 20p target quoted before dilution and before possible discovery news. If you think the news would have raised the previous target to 30p then raise your current target to 7.5p

Please, please stop quoting the 'broker target of 20p'. It is way out of date and misleading information. You need to base your target on the increased number of shares in issue today, balanced against the reduced risk since then. A target of 20p then would equal a target of around 5p today.

Jaffy - "the correct marking of each trade which we would all like to see"

There are no 'buys' and 'sells'. There are 'trades'. Every trade has a buyer and a seller.

Nonsense Roger, LSE has nothing to do with the stock market or the MMs, it's just a cheap private bulletin board based on advertising revenue. All the other boards use exactly the same data feeds and mark them up in a similar way. It's just a cheap way to provide a sense of dynamic market info for people who don't pay to see the next level. And it's also a complete myth that MMs employ thousands of little gnomes sitting there waiting to manipulate the price of every share listed on the exchange every day. No doubt some market actors do send proxy posters out on the boards in an attempt to shape sentiment sometimes but no-one is sitting there fiddling the LSE buy/sell feed.

For the millionth time, LSE does not report 'buys' and 'sells', it reports trades 'above' and 'below' the mid price at the timestamp for that trade

SETSqx combines a periodic electronic auction book with quote-driven market making. Electronic orders are only visible during the 10-minute call period ahead of the next scheduled uncrossing, except for the closing auction when it's five minutes.

Auction is 2pm

Both investors and traders are legitimate participants in the market for second hand shares. The company doesn't gain anything from either group, only from placee share investors. One is not more virtuous than the other, it's just a game played between the two groups. The market exists to test the limits of longs and shorts, that's about it really.

I wouldn't think so, the company's priority is to get it right and get their ducks lined up, not to act as emotional support for retail share holders