Member Info for Blubay

There were no buys at 1.65p

That's not how it works. The project is worth vastly more long term. The placement is about the price of leveraging short term finance for a company with no income stream at zero risk to the investor

"they could easily be bought out 100% by someone offering 100% premium to. todays price"

If it was an offer to take it private then they'd have to offer a lot more than that.

The bulletin board is not responsible for the volume of buys today

"I'm back in at below the placing price anyway"

Don't talk nonsense, the placing was at 1.5p, the lowest trade was at 1.65p and that wasn't a buy.

See slide 25 for the outline development concept for production wells/plant with indicative costings

Lost a lot of profit that is

Sure, I'm long and have been for years. It's an exciting project but risky. I've bought and sold shares at different points. i lost a lot of money by not selling at 27p but in a fair position currently. I've two tranches of shares, one around 1p and the smaller one around 6p.

The company was restructured and rebranded last year to "to explore, develop, and ultimately, become a producer of low-carbon helium" (i.e. no longer just exploration). The range of expertise on the board was changed to reflect this, bringing in more weight on finance and commercialisation. I think that probably answers the question, but you never know.

And your source for this information is...?

Maybe read the shareholder presentation on the company website. It's slightly dated now, from September, but sets out the scenarios for exploration and for commercialisation

...busy

Best of luck to you, what screen name do you use the other side of your trades?

I think you have confused the words concentration and commercialisation?

The previous placings provided a runway to end of financial year (end of June/AGM) on top of drill costs. The new placement will probably see them through to next campaign window. If they can secure deals on commercialisation then there would be first revenues at some point in 2025.

A significant share (TR1) of this company is held on spreadbetting

He won't be worried, he has another identity on the other side of bet

Seriously Baron, this company scenario is the very rare placement occasion where you need to close that short/spread

You didn't buy at 1.64p, no-one did

Yep, delayed publication @ 1.79p