Member Info for Blubay

Next level more like 2.95, maybe a bit above 3, before chance of gap up to 5.50 or 5.95, all to play for

Bob, the entire point of this whole company and their exploration strategy is that it is seeking a pure helium play without hydrocarbons.

"Well done all those that brought at 1.60 on placing"

No-one bought at 1.60. The lowest sell was 1.65, the lowest buy was above that.

They’ve already been moved in this volume churn

That’s true Chesh, not since last year anyway. Maybe they’ve speeded up trade crossing in SETSqx auctions

It’s remarkable that the MMs have managed this much volume and volatility over the past week without a single Price Monitoring Extension. Very smooth, very strong.

And still going. It’s not often you will ever see this happen on an AIM share raise day. Well done to everyone involved.

Paid

Auction is 2pm on SETsq

2p again, impressive

That’s entirely normal in these situations. The previous raise gave a cash runway to end of June or so (year end). On a rough estimation the new raise would see them through to next drill season. After a successful appraisal there would be a separate financing strategy for the capital to build out production wells and plant, with a view to revenue in 2025. In all likelihood they would want to raise maybe $100m against a multi-billion $$ proven reserve estimate (e.g. through combination of debt, notes, shares and or JV).

But then probably Eyasi

I don't think there will be a new drill location before the next season. The interim priority shifts to appraisal and commercialisation strategy

What's your alternative for developing the company until there's a revenue stream?

...as I said, 'yet'

Did you find another £3m down the back of the sofa?

Also worth noting that neither Linde nor Air Liquide yet have an active presence in Tanzania

2p paid

Hasn't affected the price demand, higher now than it was before the sale

That goes along with the larger trade earlier, delayed publication, same price