Member Info for Bunsa

Assuming success on the first drill how many appraisal drills will be required to fully appraise the find? When these drills are completed what is the timescale for the next drill?
Cheers.

Doh - as drilling nears I meant to say

The more I read the more intrigued I become. I think there’s money to be made here even if you only hold for a short period of time. I base that on the psychology of share trading in mining stocks. Price goes up as drilling bears. However, as I posted earlier if you read my posts, I hug em and hold em. I always have one AIM share on the go for ‘fun’. Money I can afford to lose. I’m going to stop posting for a bit though as I seem to be causing suspicion. See you at appraisal.

I wanted to buy a few more on Tuesday. If trading in the USA tomorrow is very positive I assume it’ll lead to the shares being marked up on Tuesday over here.

No vest? Wait till your mother hears!

This is the bit I like regarding the forthcoming drill;

“A substantial part of the overall risking relates to the “play” risk, which is the same for all prospects. Therefore, if one well is successful, it would derisk HE1’s other targets. We estimate that it could double the overall chance of success for the other prospects.”

Cheers Space.

I’ve never actively traded shares. I’m more of a hug ‘em and hold ‘em type. Most of my shares are FTSE and I also hold a variety of funds. I usually have one AIM share on the go for fun. I’m 56 and retired so I won’t be setting my alarm for 7am RNS’s! I’m not that concerned with catching a spike etc.

Has anyone any idea when in the thirty day drilling programme were likely to get first helium ‘shows’?
Rumours abound during oil exploration but I should imagine rumours will be less likely on these drills for a whole host of reasons.

More reading material please!
That’s a lot of helium.
Doesn’t £10m go a long way?
Wouldn’t keep the drillers in biscuits on an oil rig!
Looking forward to Tuesday.

Calm down. I think you’re making some unnecessary assumptions about my intentions. I suggest you read my posts over coming weeks, I’m very positive. We do, however, all need to explore all avenues and possibilities I’m sure you’d agree. Have a great weekend. See you all on Tuesday and thanks for the links.

Thanks Noix, thanks Noob. Much appreciated

Thanks Space, I’m in total agreement with you. I’m trying to figure out possible peaks in the SP and when it may be wise to top slice and then buy back in. As you rightly imply, people can get over excited on an initial discovery and need to expect a, hopefully, temporary SP fallback before it continues with its upward march.

Excellent. Thanks Dai.

Assuming commercial volumes are discovered is there any literature available outlining likely future investment requirements before the finished product can be produced and sold? Thanks guys.

Trek,
Am I correct in my understanding that the Hannam research is paid for by HE1? Do HE1 provide all the information too.? Cheers.

Cheers Noob

Just bought £20k here as it’s an exciting and compelling investment. I’ve been caught out a few times with AIM shares when further investment is required once a discovery has been made. How much funding is likely to be required and at what stages? Difficult question to answer I know as many assumptions will have to be made. Thanks.