Member Info for Blubay

He says he got his foot in 5.99p, so let's hope it was worth all those days of trolling the board for that extra 0.01p discount on the placing price on a small stake. I honestly don't know why they bother but I guess it keeps us entertained :-)

Rapidly approaching 10 day average trading volume before lunch time...

They have the same limitations that HE1 had, they had to break the drill down into parts to transport it due to the weight restrictions for trucks on Tanzanian roads. They have to re-build it onsite and they mention 'days' in the video.

Judging by the size of trades registered at that entry price it will have to be a very small car.

15 million shares traded before 11am, and counting, great to see this liquidity

The helium was literally bubbling out of the mud flows from the well head last time. Very hard to contain that kind of news onsite but you wouldn't expect any company to RNS until snags have been addressed or results logged.

It did touch lower than 5.8 but you're right, that was the resistance target to aim for on the chart

Rick123

Posted in: HE1

Today 8:33am

Price: 5.875

Strong Sell

"Get rid and buy back cheaper, this is going to have a horrific few days."

Good decision, sorry you didn't manage to get in lower than that. I'm guessing you've changed your opinion in the past hour since you called the drop below 5p today?

It's good that they stick to that tight script that they will not update the market unless there is factual news of relevance to the market. The market uncertainty last time was caused by front-running news of the 'D word' that couldn't be confirmed scientifically due to the drilling conditions. But they do have a legal duty to report inside information of relevance to the market, so don't expect them to keep quiet. If there's news it will be reported 'in due course', when it's ready.

13 million shares traded already in first session, against whole day average of 17 million, and a nice bouncy spike on the chart at the expected level.

It's AIM, that's how it works.

... "Whilst drilling, Helium One will measure gas shows using Geolog's mudlogging services and a portable mass spectrometer."

News incoming shortly...

Yes, very different, taking an O&G approach throughout as per RNS. Really, that alone should give confidence to the market. There was no problem locating helium on the previous drill, the problem was trying to log and sample it through a tiny 3.5" exploration hole in unstable geological conditions.

"The team are currently drilling ahead to section TD prior to running the 20" conductor. The conductor prevents unconsolidated rock entering the well, before proceeding to drill the 17.5" hole section."

Great to see all the Tweets, lots of clues there that everything is up and running, Geolog team on shift, monitors booted up, casings ready to go for the day shift. Is that the 21” or are we already lined up for the 17.5” section?

Yes, all a bit obvious and amateur but good luck to each in their own strategy I guess. The hottest potential gains on AIM will always attract the boldest shorts. We’ll see what happens.

I think the process is to case the first section at 20" before starting to drill the 17.5" section.

The RNS was completely normal for a drill, and it during say a month. It says they will update when they get to TD (estimated 2 weeks) and when they have results (estimated 4 weeks). But obviously, like any other company, they will update the market whenever there is inside information of relevance to the market. Pretending there will be ‘no news for a month’ is just part of the short selling narrative to drive the price down.

Morning Rick, are you back again shouting for a different price today? You missed your 5-6p call yesterday and you'll miss your 4-5p call today.

Placing was oversubscribed and shares were needed at that price to fill those. I added some more under 6p, hopefully a good result, but the vultures will try to pull it lower for sure ;-)