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That target is wildly outdated and of no relevance today. There will be new analyst reports and forecasts once the new evidence and risks have been assessed.

There are always new accounts spinning positively or negatively, that’s how these forums work.

It wasn’t a ‘failure’, they successfully established the existence of a working helium system, but were unable to sample free gas due to downhole issues

There is a well established relationship with the Tanzanian government. Neither the company nor the authorities will be shouting about this publicly until a discovery is confirmed. Too much was lost by doing that prematurely last time.

In short, this looks like a transformational business opportunity of global significance for Tanzania and the company.

Surin - the initial commercialisation proposal was to develop a cluster of wells with distribution pipe work, feeding a purification and liquification plant that will ship one tanker a day to port. That was estimated at around half a million dollars revenue a day (or $150m a year) at approx $80m capex and $1m opex. On that basis, capital would be paid for in less than 12 months. Incorporating the hydrogen and thermal energy may require a revised costing, but add profit. I don’t have figures for production licensing or tax, but I think we can safely assume it’s massive on a forward pricing basis. Then there’s the balance sheet value now added to all their other licenced areas in Rukwa through derisking from a discovery at Itumbula or Tai.

The main thing is a fuller analysis of data, and a broker or analyst note detailing the revised estimates and confidence level for the NAV, as a proven reserve, and with a new share price target. If they plan to raise they will want to boost that price. The analysis is market sensitive so they should publish it rather than keeping it under wraps but it may take a little time.

Because they only invest when companies are de-risked. First HE1 needs to publish a complete analysis of wire line logging and flow testing to evidence the volumetric and commercial potential of the gas reserves. They also need independent verification of their initial findings on gas concentration. With that info they can hopefully get the asset revalued by analysts on basis of 2P estimates rather than current 2U estimates. That changes the game for any major O&G sector investors. At the moment the market is relying mainly on speculators and traders. They will also need to secure finance for full appraisal and commercial development, and be confident about any political and production licensing issues. A lot more money will be made here but the serious investors/buyers won't be fully in until the risks are all accounted for.

That’s just giving you the same price sampling indicator as Google. You’re not getting a list of live trades

All London prices are delayed 15 minutes unless you pay for access. Google gives an indication of live price movements based on individual sample trades at intervals.

No, it is up 1,000% and more since then. The last raise was at a price of 0.25p and it’s now more than 2.5p, that’s x10 at least

But it’s not NT and hasn’t been all day yesterday, he just makes up fake posts every five minutes to try and ramp the price confidence.

Neill - I don’t understand why you’re posting false and outdated news like this. Liberum is the joint broker for this share, and largely responsible for destroying shareholders by about -90% last year. Their 19p target was put out shortly before they engineered a 75% share dilution. The equivalent price target today would be about 4p.

Sheep - you’re right and he’s wrong, unsurprisingly

You do know who Liberum are?

Redbaron often takes short positions. For now, this share is in positive territory but he’s absolutely right that the msin thing holding it down is the uncertainty about funding. That will be resolved soon enough but it could go either way for the share price at that point. It may rocket if they announce a non-dilutive finance deal, and it may dump if they announce a large dilutive share issue. In the meantime, the higher the SP the more options they have. They’ll probably need somewhere in region of $100m

Vastly more money was ever lost on AIM shares by punters listening to ramping than to deramping.

Musk - you have to factor that today's RNS is only indicative of preliminary results taken at well head. They haven't yet said anything about analysis of the wire line logs, which will help to confirm estimates of proven reserve. Along with independent verification of free gas samples, and the flow tests, that will then move the formal assessment of 2U reserves up to 2P reserves, which is transformational in terms of O&G market risk/value. De-risked NAV with proven reserves is when the real money comes in.

"None of my limits getting filled"

Then stop setting daft limit orders under the market price every two minutes. You're just making it up to ramp the trading

"This was sitting at 6p in December so that should be atleast the minimum over next 2 weeks "

Of course it shouldn't, because the shares have been diluted by more than 75% since then. This is really basic stuff, you need to do your research before investing.