Member Info for CrustyPete

Peak market cap was about July 2023 with 400m shares and an sp of just below 10p - so £400m. So yes to reach the highest market cap we would need an sp of 7.5p.

Anyway must off out now - see you later.

Actually eafster in August 2021 when the sp, briefly, reached 30p there were 615 million shares in issue, so a market cap of only £185 million. So that would be the equivalent today of a share price of about 3p.

Really? Wow that'll equate to a market cap of circa £450m - did it really reach that level? I don't recall that, if so.

MM's will pull it back over the next few hours only to ramp it up a touch into the close. RNS Monday re "31" well test - that'll get it moving.

Personally, I would be disappointed at He1 losing their independence at this stage; a 3.6p sale would sell shareholders short I think. The long term potential is a lot more than that, I believe - though could not argue that a 3.6p return would provide a good short term outcome.

Yes McNol that another option! 10:1 consolidation might get us to 30p Lol.

Triplestar I think it is innappropriate to think f things in terms of share price and more relevant to think about the market cap of He1. It is conceivable that we may never again reach an "all time high" share price of 30p (Or have to wait some considerable time for it) as it would mean a market cap of circa £1.8 billion! And any future increase in share issue would increase that valuation yet again.

It is more appropriate to think of when might we next see the He1 Market Cap reach it all time high of circa £280m (from memory). That would require an sp of circa 5p and I can see that being possible in the medium term if all the dominoes fall correctly; a good outcome from the remaining Galactica drills and well tests, ML approval, a significant increase in NAV from a new CPR, comprehensive Feasibility Study, concluding funding for Rukwa with minimal increase in shares and dilution and then eventually the monetisation of Rukwa He1 etc. Then yes I could see 5p and more being eminently doable, but 30p? Only if having done all of the above someone then comes in to buy He1 out.

Just my opinion of course.

I bet they would allow you to sell - ETORO make their own market, matching buyers with sellers and pocketing the difference, then hedging the net with the market. If they have no sellers to match with buyers they cannot make their internal market and there is no point selling to you if they then need to run to the market to cover your position; there is no spread in it for them.

Okay, that might explain it.

Thanks McNol and Wimbeldon

Same as me!! Peculiar....?

Who is that through McNol? - I cant get a price for 5 million currently.

The 1.06 was short and sweet - did it get hit?

How many for ST?

That is less than half an hour ago Wimbledon.

Makes a total mockery of the $2m CGT that AEX had to pay when they Farmed-Out to ARA.... the $5 + $35 carry AEX received in payment simply repaid all the money that we shareholders had forked out developing Ntorya over the years.

fwiw i anticipate the well test results from "31" knocking these, very good, results into a ****ed hat! 😉

Yes but only if they can find a cost effective way of monetising it.

And snorebollax wants you to sell so that he can get back in and make another few percent...

SYN is highly unlikely go bust - at the very worst the BoD could effect a sale at a fire sale price. Fully carried and with forecast income and tax losses - that would be quite attractive to some.

Ufufuo to try and answer your question I think that misplaced or not both CH1 and NT1 will validate ongoing figures of 30 mmscfd and possibly as much as 35. CH1 80% chance NT1 50%.

All in my opinion of course.