Member Info for Buffin

Naughty PRD for not doing what Gudin thinks they meant when they used the word "expected".

I agree their comms should be improved but we don't agree about the CM report. Did they mean released to the market, or released to them? You don't know. Nor do I.

Gudin: They did not commit to issuing a T&T report within a timeframe. You are misreading the RNS. Several posts this morning have covered this.

Silverfoil13: See this RNS.

https://www.lse.co.uk/rns/PRD/update-on-guercif-testing-morocco-and-trinidad-h2iwfkieb53cvb3.html

"An independent technical report for the Cory Moruga asset with indicative production profiles and near-term revenue projections is expected to be released before the end of 2023."

"Is expected".

"To be released". Does this mean released to the market, or released to PRD? Dunno.

All I've done is look at the RNS, which anyone can do. And if someone knows more, I'd love to hear it.

Which brings us to the ROB conundrum.

On the one hand, he points out that limited testing avoids trumpeting the size of the potential, which makes unwelcome early bids less likely.

On the other hand, to reassure LTH's, ROB publicises this message!

Well, LythamSlim8, you can read all about it in the RNS

https://www.lse.co.uk/rns/PRD/update-on-guercif-testing-morocco-and-trinidad-h2iwfkieb53cvb3.html

As you can see, it says

"An independent technical report for the Cory Moruga asset with indicative production profiles and near-term revenue projections is expected to be released before the end of 2023."

Does this mean released to the market, or released to PRD? Dunno. Read the RNS & make your own mind up.

Hasiba: "F#ck the BoD"

And the rampers.

If you own HE1 shares, there's your turkey.

Gudin: Yup. And anyone who doesn't trust the BOD to run their business should sell.

Well that tells it as it is.

And how blessed we are to have so many posters who could run this company better than the BOD.

Truly humbling.

But how big a slice?! Probably the incomers would want the BOD to resign. Still a sell IMO.

Https://www.afdb.org/en/news-and-events/press-releases/african-development-bank-mobilizes-eu246-million-construction-guercif-nador-highway-67272

Touchstone hope to be able to borrow a lot more in order to be able to drill a few holes. I didn't see CM specifically listed. Is it part of one of the fields they mentioned?

PRD's strategy is to look at the forthcoming analysis of CM and then pick several holes (excuse the technical term) to drill next year. This is the opposite of Touchstone's approach to 2024 and they're not going to have any cash to spare. So are they carried on CM?

Any thoughts, or have I (it's perfectly possible) completely misunderstood?

Ibiza: Shakeyerbooty's point is that there is no promise of an RNS by any particular date there.

Bob: Fair enough. I can think of 9 other helium explorers in various countries, though, and I doubt all of them are running out of money. Joe mentioned Pulsar and there are others out there.

The question isn't What did you buy at, it's What can you sell for? Do you think it's going down (yes) or up? IF they can get enough for another drill, and IF it seems successful, could they even afford to test? Judging by the comments on the AGM, holders know no more than they did before.

I panicked and took a loss several weeks ago. I'm glad I did now.

Yes, the company's owners will be the last to know how much they're going to be shafted.

Legalwolf: Well of course it will be at the current holders' expense. You didn't expect anything else.

Hasiba: But you were so bullish so recently.