Member Info for Blubay

A million shares at placing prices, nice work if you can get it

Remind us what depth the first helium shows were encountered at Tai 1, and how far our Predatator rig should drill per 24 hour period, with continuous mud logging and spectrometry available on site? Clock is ticking. Good luck!

Have you changed your position again since closing time Rick? You were after 5-6p, and just missed filling that order. Could have had a tasty bite today at 6.1p. Have you dropped your sights to 4-5p now? Always just out of reach, never filled?

You need to consider the lifetime of potential production and changes in future demand/supply. It's possible that this project alone might lead to reserves capable of supplying of half the world's current demand for helium, but it's a big 'if'. There would be work to do to, various risks, and fund raises, moving from discoveries to production, and HE1 might have sold the asset on or farmed out the production by then, so you can't read off the total field asset into company worth or anything like it. However, yes, it's a very big and potentially game changing play. You've probably looked at the summaries on the company's investor page already.

To be fair, they are sticking strictly to the agreed script and not promising comms other than "in due course", so will likely resist making the kind of DM announcements that spooked the market last time. So let's assume getting to TD is the primary objective, because that affects schedule of completion for the second drill, and we'll see what we have at that point.

Then just read the RNS properly rather than stopping half way down!

"The whole process from spud to completion of logs and initial analyses is expected to take approximately four weeks, after which the Company will make a further announcement."

"The Company expects to make a further announcement once TD has been reached."

"We look forward to providing further updates once TD has been achieved and once the logs and initial analyses have been completed."

No-one expects it to be a duster Chess, that's just silly. Everyone expects helium gas shows at multiple levels. The question is how much and whether it's commercially extractable. If you're going to talk down the price then at least do it in an informed way.

Nothing is broken, there are big orders that need to be filled at low prices, that's just the way it goes

The RNS says:

"The Company expects to make a further announcement once TD has been reached."

Then it says:

"We look forward to providing further updates once TD has been achieved and once the logs and initial analyses have been completed."

19 million shares traded today and not one trade below the placing price so far, tomorrow is another day, what's your target price?

"Otherwise, a month with no update is a long time."

Why on earth would there be a month with no update? They've said they will update the market at TD, estimated two weeks, and LB has said they'll keep the market updated throughout in her interview today.

A good few shares were sold on the bell this morning at profit from the placing (people who got them at 6p selling for 6.6p at 10% profit). The placing was oversubscribed so there have been people needing shares at or below 6p to fulfil that demand. Most people already holding don't really want to load up more and market is generally very risk-off at the moment. But plenty of demand for the shares at a discount, buys matching sells all day. A bit of game playing also, which will come out in the wash later.

Nice interview, very good

20 minutes to go, good luck filling that order... oops, missed it ;-)

No-one but a fool is ever sure, it's all a game of probabilities. It's good to pay attention when people are trolling a share with short predictions and weigh up the risks of them being right. Same for the ramping crews. Moderate your losses and your gains, never be greedy ;-)

Good luck, those late reported buys are going to start registering fairly soon. Some people got a great deal around 6.10p, would be a shame to miss the opportunity ;-)

Have you still not filled that buy order below 6p?

"By adopting an oil & gas best practice approach to this drilling campaign from drilling, logging and sampling, right through to HSE guidelines and procedures, we are giving ourselves the best possible opportunity to deliver success at Tai-3."

And you can notice that everyone coming from offsite, including the local chief, has their site issued hard hats and visitor lanyards to get onsite. Tight ship.

As she says in the RNS, working to O&G standards on all aspects, including HSE

I still think 8-10p is a very reasonable target pre-results, and I'll be content to sell my 6-7p shares somewhere in that range. I have a stop loss below 6p but can't see it getting triggered at this point. For my longer term position I'm still happy to hold and very hopeful of a substantially higher return before the end of the year. It's a risk venture but all looks on track so far and I'm very encouraged by the fact the new management has delivered this drill on plan and schedule in a context where such things often don't go to plan.