Member Info for Blubay

News - don't mean to be rude but you're just posting random stuff from Google searches without any understanding of what you're talking about. Why on earth would the Liberum be interviewing the CEO? You're confusing the NOMAD with the PR agency (Proactive). The IPO research notes are way out of date now, and the whole point of those so-called 'independent' notes is that they're commissioned by the company to big up the floatation price. If you dig deeper into them you'll find more useful information about CoS etc, which would show you the odds are 80-90% against commercial success in these type of prospecting shares, although HE1 has done a good job in progressively re-risking. They needed odds of maybe one in five drills and hopefully they have a greater chance on this one now, it's good indicatively but it would be wrong to mislead people about the odds.

News - you should spare yourself the embarrassment, you clearly haven't a clue about the company, or the drill programme or how AIM works.

It's East Africa, it won't be a US customer, too far away to ship helium tankers. It will be Chinese market more likely, as with all commodities in EA

It's not expensive compared to hydrocarbon extraction, it's actually pretty cheap on a pure helium play considering the huge profit margin. But yes, all to be tested yet.

Do you have these daft scripts typed out to copy and paste on the forums? What's the pay rate?

"The other day's pump and dump was purely MM driven."

Nonsense. You think all the MMs have thousands of teams of little gnomes constantly monitoring and plotting on every share listed in London? Bonkers. It was a well planned pump and dump but not by the MMs.

I would guess RNS drafted over the weekend, vetted by NOMAD on Monday so they can leak it to the broker’s desk during trading hours, and SC can talk to Cantor, published to market Tuesday morning (but maybe I’m too cynical by now)

To be honest, you're getting to be worse than him, pot kettle etc

What price did you get in? Are you long now?

But this isn't a natural gas play, how can you not know this?

It means 'no trade' or not available at this time (refusing your bid/offer) but when people post it on these discussion boards it's just nonsense in an attempt to talk up the FOMO

I doubt it. The wording of the RNS will need to be very carefully vetted and managed, probably based on all the data they can get and in close collaboration with the NOMAD. They'll have to consider the financing implications and options first (either way), and probably a Board meeting. I cannot imagine them rushing this with preliminary or incomplete data. I'm guessing Monday/Tuesday.

Sounds about right

There's nothing wrong with shorting, Earl has his job along with White Knight and others. Sometimes it works, sometimes it doesn't. The rampers here are just as bad, throwing about fantasy figures. You're never going to move the price significantly by posting personal opinions on discussion boards. No need to filter anyone, it's always useful to know when the mood music changes.

Earl - "Reality Is the Huge CAPEX needed no one talking about it."

If "no-one is talking about it" then why is it all detailed in the most recent shareholder presentation on the company website? Do your homework.

Where is this 'pump and dump'? I don't see it. SP hasn't moved at all today.

Certainly possible. The carefully worded RNS says...

"The Company is fully funded to undertake the sand jetting operation which has an estimated cost of less than £500,000.

The Company expects to provide a further update once a stabilised and sustained flowrate from the rod pump has been achieved."

It studiously avoids mentioning whether there is any cash to install the ESP, so leaves open for the moment speculation on whether they will need to raise again on basis of improved flow rates.

I'm intrigued how the MMs have managed this volume and volatility over the past week without a single Price Monitoring Extension. That does suggest there is more to the managed book than just retail FOMO

Capex would be much lower than setting up a hydrocarbon refinery, and helium price has gone up multiples recently. If the wells can be completed then you’re looking at more of half a million dollars a day revenue for an outlay of less than $100m, at Opex of c. $1m per year. That’s for six wells, the piping infrastructure, and the purification/liquification plant. It doesn’t take much maths to work out the possible profitability margin. But let’s allow a +50% error margin and you’re still clear in c. 12 months of full operation, with potential $0.5bn future profit (annually). Obviously we have to be very cautious about that, but if results meet expectation then they will not have any trouble raising debt for Capex

What’s your target price for the trade on this Earl?