RE: Cap under 23 million16 Oct 2024 08:54
Quite a while back that particular Sunday R$oast and giving a £2 to £10 band suggests they haven't a clue!
One thing is for sure, we will soon know for certain!
My belief is that the insertion of the intermediate casing to contain the Mowrey Shale issue has just started or is imminent. It does look like pipe has been 'loaded' into the 704 rig, but as a previous poster commented, difficult to tell if this is drill pipe or casing. Given the recent tweets, interview comments, advice taken and the obvious capability of the new rig, I have a high degree of confidence that the issue will be resolved "in short order" to quote Bo, and that the various wireline tests and flow tests will quantify what we already know is there. There is a second decision to be made regarding deepening the well into the precambrian layer in search of potential additional Hydrogen.
As some very knowledgeable posters have pointed out, this is drilling and things can go wrong! However, the project is fully funded, there is sufficient money to drill a second well if required and Rudyard is imminent. I don't think you could find another reward risk opportunity as good as this and an added bonus is the fact that both the main players (Bo and DM) have publicly committed to no dilution and the need to look after the shareholders.
I like the fact that the two main players invested £1.46 million in their own shares and presumably provided some additional seedcorn money prior to the listing (that may of course have been repaid from the float). We do not know until audited accounts are produced but that would seem fair to me. Yelling about £3 million is unhelpful and not true.
The SP is drifting a little and in my opinion that is to be expected at the moment. I don't see any negatives in Oberon de-risking and taking profit from the float. They have no interest in a long-term investment and are effectively traders on a giant scale. Other than that, the SP can be affected by disproportionately small trades and posting over the last few days indicates a number of inexperienced 'squeaky bum' investors as well as posts from people who have very obviously not researched much and not followed HEX closely. That fine by me (as each to their own) but it does contribute to that slight drift.
Some final thoughts. I'm personally n this for the longer term and expect it to be my best investment on AIM ever and I have enough shares to profit hugely if the Helium and Hydrogen readings are confirmed. Confirmed is a crucial word because we know that it is there!
There has been some animosity between investors here and elsewhere in the world. When I was looking at a Helium play, like Kaeran, I was attracted to the logistical aspect of HEX. Don't shout at me if you are an HE1 fan, but this is in Montana with massive implications as regards getting the site developed and getting the product out.
Anyway, good luck all, do your own digging and don't be diverted from the facts by
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