Member Info for CrustyPete

The spread at 15.53 was 1.40 - 1.50p so if it went through at 1.425 I suggest it was a sell; the sp dropped back immediately afterwards too. That said, it is of little consequence, it is all in the closing sp now.

MarkP you say "Today’s SP action suggests to me that (unlike last Friday afternoon) nothing has been widely leaked."

Or just as likely a) there is nothing to leak as there is no RNS on Monday 2) there is an RNS on Monday but that it says very little - i.e. is inconclusive or reveals very little that we don't already know / expect?

100% inconclusive. Good or bad will only come with the final EWT announcement. Monday stage 2 only.

I am not questioning your assertions JH, my beef is the nonsense that has been spouted about today's issue of 590 million shares - it was and still is totally irrelevant.

3 - 4 days time? So relying on a poor EWT outcome to make your point eh? If that 590 million were coming back it wouldn't be waiting for an RNS would it?

Maybe we will wkw but that'll be after 10% rise on the day. You will still be telling us that the sp will fall back to the placing price! And yes, of course there will be a pull back before the close as people take their day trading profit before the weekend and the MM's take advantage. BUt where oh where is that 590 million shares wkw?

It is all in your head!

Yes indeed OSG, where oh where are those 590 million shares that we have been warned will flood the market today?!? 😆

Whoknowswhere?!!

Are these derampers just liars or totally stupid? Do they actually believe their own buulshiit...? THankfully no-on else does.

Zeppo, that would have been good to see, if it actually had any relevance at all, which unfortunately it doesn't :-(

but you can borrow funds on the basis of current and future income streams and that is the point! this strategic play will give he1 the option of borrowing money to fund further development of rukwa which without it would be very difficult. this move is likely to minimise future dilution - for which reason this is very much to the benefit of long term shareholder and not short term speculators - which is why so many posters are ******** and moaning about it...

So let's have a look at our cheer leader elects "best bet"...

Firstly the "special one" whose arrogant, hypocritical stance is that people should not speculate on timelines that are only known by the BoD of AEX or ARA and yet does so himself whilst clearly NOT having a clue.

My best bet is:

Workover on NT-1 November/December - Drilling CH-1 in December/January?

So does mctripe not even recognise that NT1 is only scheduled to follow the CH1 drill as it will need the CH1 rig in order to do so. The NT2 workover, which might indeed precede the CH1 drill, was supposed to start in June 2024 but we have yet to hear anything about it, so what evidence a November start? Pure speculation.

CH1 drill starting in December/ January and yet we have still to hear anything about identifying the rig, let alone the rig contract, so how feasible is it that a Dec/Jan drill is achievable? So where, the NT1 workover that mctripe anticipates in November? Nonsensical.

Pipeline construction starts early 2025. So the Pipeline tender was due in July and we have seen nothing! Yes I suspect that "summer" got in the way and nothing happens in August but even so, it looks to be behind schedule and no evidence to support a January start - more speculation.

Gas sales start mid 2025. Maybe, let's hope so!

My best bet.

ARA will not put a spade in the ground until TPDC commit to a pipeline initiation date; why else have we not yet seen any work started on the NT2 workover, once scheduled to start in June?

Pipeline will not start until Q1 2025 at the earliest and probably with completion Q2. ARA will start the NT2 workover to coincide with Pipeline completion.

CH1 drill will only happen once the supposed "drill sharing" agreement with a.n.other (supposed M&P) is agreed and then that ARA will play second fiddle on the rig as M&P (if that is who it is) have commitments to complete two drills in 2025.

Production Q3 at the earliest.

I hope mctripe is correct and I am wrong but my conversations at the AGM would appear to have been borne out (so far) whereas other's interpretation of their own conversations seem not to have been. Some have stated that they had been told that the rig would in in country in July and that the Pipeline tender was already signed... well maybe so but there is no evidence of such.

So mctripe speculation maybe but my speculation is as valid as yours and your assumptions have already been seen to be flawed ( Workover on NT-1 November/December Lol!) . So please understand why I won't be relying on your version of our short term AEX future.

It won't go up in a straight line onetent and yes I am expecting a "shake" mid-morning and later this afternoon but I doubt we will be able to buy again below 1.3p. And I do expect to see 1.8 - 2.00p over com,ing days

No speculation about the sp falling down below 1.0p or at worst the placing price? No speculation about the BoD "getting their mates in on the cheap", no speculation about their deliberately shafting Shareholders...?

Conspiracy theory billshyte

And tell me herbie how is that any different or any worse than yesterday's bombardment of speculative de-ramping rubbish?

But Bipolar, you told us that we would see the placing price or lower?! Did you lie to us or were you just totally wrong?

@ Sharebel "Every single time so see you down there."

Total nonsense!!

Take a look at He1's last two raises for confirmation....

Agreed JH I would agree ; what I am saying is that we will not hear the outcome of the Commerciality question for a week or two after the next EWT stage two RNS. I am not predicting the outcome just the timing of any notification/ RNS, JH.

Skippys, LB did say on the recent Proactive interview that they will be testing for at least the remainder of this week, which, I think rules out getting anything today but I am reasonably confident that we will get something on Monday, though as was explained in the same interview, it will not the the final definitive statement of "commerciality"; that will take some time to put together with the figures from the Karoo and, I suspect, the original 500k sq ft shows from the first drill, the assumptions around cost of production, to establish "Commerciality". That will take a bit longer I suggest and we may not hear about that until closer hearing about the Mining LIcense application.

I'm always open to learning JohnHenry, please enlighten me.

Https://www.cityam.com/helium-one-acquires-blue-star-helium-colorado-stake/

Your "best bet"?!!

But surely the only people that would know that are the ARA and AEX BoD's mchaggis, so why are you speculating on things you know nothing about?!

Oh silly me, because its only okay for you to speculate on timelines but no-one else. 😆

Excuse me if I totally ignore you.