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BTC has been relatively flat since mid May, I wouldn’t give too much worrying to wobbles up or down of less than 10% in low volume trading. The overall horizontal stretch is probably a good thing in establishing a firmer floor for the next up cycle, which will be supported by the huge institutional buy-in that has been going on at these prices.

It’ll $40k by the time the conference starts ... ??

ARB continues to substantially outperform BTC this year (at least 30% more). I agree it was significantly over-bought in February on a wave of retail optimism. It’ll get back up there but it’s in a much stronger position to leverage the coming rise in BTC now. It’s all good, today’s minor wobble in low trading over the mid term break is really not worth worrying about.

Of course it moved the price, look at the chart, ARB jumped up hugely compared to the BTC trend (from around 100 to 150p) as soon as the level II buy in got going.

Buys were still bidding 165 when the sells started in at 155, post-close 152

Open / Close 160.00 / 152.00
High / Low 166.50 / 152.50
Bid / Offer 150.00 / 155.00

@seisprocessor and @deepbluediver - thanks for the really helpful context and explanations. So, looking at state of play from the other direction, what kind of mishap or miscalculation would be needed at this stage to result in insufficient evidence of a discovery?

PS. 220p would do me fine for a start but I still think we'll see closer to 280-290 before Q4, one step at a time though

So they decided on -13% revenues in 2021 , against previous forecast, and -17% in 2022?

Is that their assessment of the machinery delay or their adjustment to BTC futures estimates?

Just because continues to enrich rather than 'destroy' my life... https://imgur.com/A9Ahjzq

The painful but necessary consolidation of BTC and ARB, and the transformation of level II holdings has done exactly what we wanted - raised the baseline of our SP leverage on BTC's upside and stabilised some of its volatility in the process. Hopefully, we'll see a continued rise in that leverage baseline with increased productivity and HODLing as well as smoother tracking of BTC trends. Looks all good to me.

Yes it might even out the planned productivity over time or close to it, we’ll see, but all good news and confidence building that minor hitches are dealt with quickly and effectively and capitalising on success in strategic relationship building.

yes, it's a typo. The May newsletter confirmed the rig is one site and drilling 'in the next two weeks' (less than that now)
http://www.helium-one.com/2021/06/01/helium-one-company-news-may-2021/

Yep, that sounds about right, therefore still very good value at the current SP in the current situation

I still think the published de-risked valuation at 24p is very good value this close to spud on a 'must drill' target with the team and rig already on site and both driller and seismology choosing payment in shares.

Yep, SP well below average trade values and haven't noticed any sells below it.

$38k paid

It certainly hasn't been but it only takes a day or two before Stocktwits is full of 'boring!' posts

"Volume is low so it’s not a lot and people have all sorts of reasons for selling."

Yes, retail traders often sell out of boredom with a stock if it's static for a few days and there appear to be opportunities elsewhere.

Because it's not 'nailed on'

It's quite common to see large numbers of single share trades appear on the log. They may be fake trades to maintain the ticker at a certain price (only one share needs to move to affect the ticker), or it can be a cross-trade to verify the price, but brokers also use VWAP software (value-weighted average price) to achieve an average price for an order by splitting it into pieces at different time points during the day.

@drlong - are you still waiting for your 80p entry point?