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after the initial rns i don't think it is as binary as you portray 'donotpanic'. in fact i see no reason to panic whatsoever. the situation you describe, effectively **** or bust was before when there was little faith the drill would even reach td succesfully. now it's about quantifying what we have, a different proposition entirely so i don't agree with the 'lose everything' scenario. this could disappoint, meet or exceed expectations wih any number of flavours inbetween. of course there is risk, this is aim, but if you're not here for potentially transfromational news on the discovery why bother?!
She's out there winning hearts and minds with the local community ahead of the discovery announcement, clearly relaxed and sending a signal that HE1 intend to stay. Just another interpretation of a photo, RNS needed now.
I accept that any of these theories could be accurate! I prefer the one that says they are simply taking their time to ensure they can reach TD safely and give best chance of a decent analysis of the results.
No RNS today = no material difference from yesterday's position. Interesting speculation and interpretation of the pics in the meantime though!
Answered own q by going back a couple of RNS'. Should be some lab results soon on basis of below:
The first phase of this process includes exhaustive laboratory test-work, testing several processing sequencing combinations, which is expected to be completed during the Q3 2023.
Based on the volumes delivered, we then expect to conduct preliminary pilot-plant testing at the joint venture's facility, which is now being assembled in Austin, Texas.
Holding here waiting for results of testing and hopefully beyond. Can anyone help interpret last RNS however...are they saying it's all on track but there isn't a facility built yet? I get that they've upgraded some kit (sensors) and there were long lead times etc, scaled up plant is going to be located in US. But is there localised, smaller scale testing happening now, of which we should soon expect results? If so, it should soon be picking up. If not and need to wait for plant to be built I guess timelines have slipped quite significantly and explains lack of interest currently.
News dearth doldrums is all, nowt to discuss currently. Holding shares in the bottom drawer for now post duster and adding a few here and there. Little point bailing to chase other rainbows at these lows and with CLON having other irons in the fire. GLA
Just checking in on my 'investment' and I see you are still here innit! Don't forget respect must be earned. You were of course right to call this out for further falls but hopefully most involved also know their onions and only treated this as the low CoS punt that it was. I still have mine and expect another roll of the dice before the fat lady sings. To that end your bleating now serves my purpose as I'd like a top up (proportional to the risk of oblivion as you call out). Good luck all.
I just clicked on yours instead innit, the very definition of a pathetic Clont! Interesting pie chart distribution on posts. I bought in here for a punt on the drill, low holding which will now be held long term of course, and probably added to. Unlike yourself I will have the dignity and respect for others to quietly move on, I suggest you get a life. I won't be responding as about to go on a stag do, cheers.
I guess it depends how many are actually interested in the drill! Reading about it and the prolific finds in the area I'm comfortable to see this out. I expect some have made some profit in the recent fluctuations from the placing. Bring on the main event!
Not sure I buy the 'friends' sat in some kind of ramping sweat-shop theory but take your point. Personally I don't know anybody in reality on these boards and like most can work out for myself when some posts are a little enthusiastic! I also don't post much due to the whole ramper / deramper categorisation that goes on. If you just bought in on the new, imminent prospect then of course you are going to be positive. If you are a long term holder then you might view this with a certain amount of scepticism if disgruntled by past performance. Just opinions on a board, meanwhile the SP will do what it does. Here's to near term success for any and all holders!
Nibbled a few of these this morning having been alerted by HFB on another channel. Looks decent prospect and happy to get in, although slightly miffed at timing. From the initial heads up, bit of research, made a brew, came back & it was up 30%! Could move quickly in coming days once placement selling clears.
Much patience needed with this stranded asset. The spike may have facilitated some forward selling of placing shares.
In his interview earlier this week he implied 'days not weeks' for assays. Another Tuesday RNS perchance?
Just low volume / low liquidity stock so if looking to sell quickly you may end up taking a derisory offer via NT whilst safe hands mop up the bargain shares! Conversely this can cause very rapid price increases when there's a stampede following news. Good time to be holding IMO prior to next drilling results, JV progress update, other plans / sampling data re Anza.
Just read the due diligence section. Not sure how much the 'crown pillar' issues and 'de-watering' requirement (up to 4 months) following a rare earthquake are standard issues an operator can overcome relatively easily or an ongoing nightmare. For balance not a holder currently but track the vast story.
Just for balance, not meant as a retort to the other thread, I did actually add to my holding today. Reasons being we're not far off the recent placing price and a dip below that to pre Tai prices would seem to me to suggest that there's no value attributed to the learnings from the first drill. I think this would only occur if the next steps mean that the targeted drills cannot take place in a reasonable timeframe. So I understand that the uncertainty is driving sentiment but this could quickly reverse IMO. If not I'll be considering further additions at what is still an early phase of the project.
Be patient Aimster, with the size of their acreage, multiple targets and helium bearing zones I expect He1 have plans B through to Z available! The question is which is the best way to go next?We'll find out soon and the good news is it's all funded.
Tend to agree Mr ST. I don't see this drifting below recent fundraise price so it's in buy territory for me now. Key learnings will be taken from this first hole to inform the plan for the next drill. I'm expecting a positive reaction in the SP once next steps are announced, given rig & team are on site and funded that may be soon.
down here on the basis that, despite the proliferation of chat on this board there is actually no new info! Got a round number holding now which is nice, pure punt money and no opinion given.