Incoming Partner19 Apr 2022 13:30
Just my 2 penneth...Has anyone considered that for the last year, RNS's have been coming on a regular basis? Even since January on average every 10 to 14 days, just to keep us interested.Has anyone else thought it strange that it has now been almost a month since the last update?Have we considered that for advanced negotiations on a rig, and that someone had gone overseas to look at the rigs, that the timeline on updates doesn't fit with the term 'Advanced?Is it not a possibility, that the reason for the delay is not the rig announcement, and that this has indeed been secured, but they are unable to announce it at this time, due to external forces and influence.....Such as?Minimal dilution for shareholders was announced at the AGM, and while 10 million may see us through another drilling campaign, it's not a vast amount of funding reallyWe were surprised by the satellite imaging being undertaken, there was never any mention of this previously, in addition to other consolidation exercises undertaken prior to further drilling. Is this for our benefit? yes and no!Think about it, extra work to prove up the resource, de-risk it further....HmmmmWhat's going to be announced shortly is not just the rig deal, where we are drilling, and when...DM will announce who with! He made quite a point of this in a recent RNS, the who with will be the rig provider, but also the partner, who will take around a 20% stake in HE1, just like what has recently happened at prem, along with the offtake agreement, and further available funding for the extraction plantThis my friends, is why we are waiting, and I am happy to wait another few days for the announcement, hence I have just topped up with another 10k worth of shares
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