Member Info for CrustyPete

1.70 - 1.75p

Well GLG look like I could repurchase my top sliced shares below 1.80p after all? 😉

Not that I want anymore.

There may or may not be an RNS on Tuesday but it certainly won't announce a major commercial find. We will be lucky to hear that stage one test has been complete and they will not announce a commercial find until BOTH test zones have been completed and data analysed. We haven't even been told that stage one of the EWT has been completed yet!

Why don't you do the same for the blatant ramping Red_inky?

But TT you told me that I could expect this to close above 2.0p - do you mean that it isn't going to happen now?! You mean you lied to me!!

Those hoards on here telling us that we are going to break on thru the 2.0p barrier before the close, you aren't doing a very good job!! Come on, put your money where your mouth is and you might have some success!! Get the wallet out. There's no point banging the drum and expecting others to do it for you.

We have failed to close above for the last two days, volumes dropping and time running out - Come on!! You are not working hard enough! This is your last chance to get a close above 2.0p before news!!

If we don't close above 2.0p today and with no news on Tuesday, this is likely to go the wrong way.

Come on rampers you aren't working hard enough!!

😉

Oh can I, TT, can I?! I can't wait. Cruising past 2.0p!! Oh what a treat.

Quite right Chesh, concentrations are only part of the equation; flow rates, pressure, consistency and continuity of migration are the missing pieces of that jigsaw and always have been. We do not have a traditional reservoir and any production of Helium is contingent on the flows of gas into the fractured basement continuing.

But HO2 surely the "bad news" as you refer to it, aside from operational gaffs and delays, can only come as a result of the EWT outcome and that is surely not yet available - anything that happens between now and then, good or bad, is rather small potatoes....

If there is to be bad news and, if the BoD know it, surely they will attempt raise cash before the sp crashes? So I would expect them to defer releasing bad news until the definitive EWT outcome cannot no longer be avoided.

Having said that I am NOT anticipating bad news - far from it....

We traded circa 60m in the first hour of trading yesterday - it has taken two hours today.

We will need a lot of that Friday afternoon FOMO to get us holding above 2p today....

Come on LB put another "tweet" out 😉

Yes Tilly and just as I was suggesting might happen two days ago when we could not hold above 2p into the close. We absolutely do need to finish above 2p today or we could see a short term reverse - particularly if we have to wait a while for next news.

Strange that we had that surge in trading on Wednesday but that is has not continued at the same levels - what caused that Wednesday spike? Though I am not surprised at the volumes tailing off; that is the loss of momentum that I was referring to on Wednesday.

As you say we need those volumes to pick up before they fall further - what will create that? We need another Wednesday but I cannot see where it is coming from without news.

2.05 - 2.10p BUT cannot sell any volumes. Cannot get a price for volume above 500k and only 2.02p for those.

The only "pile" on this BB joyo are those dangling between your cheeks! Best you get them treated and maybe you would feel better about yourself and the world.

Just put my August pocket money into a top up. I have every confidence that today's price offers an opportunity that we may not get again.

Sorry 21st not 22nd doh!

I would suggest that news of this placing became known towards the end of yesterday afternoon - the sp dropped 7.0% in very short order. So to me this looks like a bigger discount than is superficially obvious - the discount ought to calculated on the closing price on the 20th or the opening price on the 22nd. However it is all somewhat irrelevant, we will all have our own feelings on the outcome.

I suspect that the market will look on this quite favourably providing, as it does, operational capital for significant programme of work; albeit nothing that will directly lead to a significant increase in resource estimates and certainly not income and so won't be the last. I would also be a lot happier if the BoD had indicated how long they think this raise will last....

Oh apologies I presume it was the scale of the discount that you were referring to?

Honest-money , you say 10%, how do you work that out? 1.5 bn shares in issue and 0.5bn being issued or £1.5m with a £4.8m Market Cap. Surely that is a 25 - 30% dilution in nay calculation?

The biggest relief here is that it is not at a significantly larger discount.

Ha, yes, I thought they might do that!

So a broadly "flat" day then - no great surprise to me after yesterday's close below 2.0p but we do need to get through it and stay there tomorrow.

Well the MM's used a UT trade to bring the closing price down yesterday, so let's see if they can give us a Blue day by doing the same today on the positive side?

Wolverine you say "This last hour will be interesting. Hold tight. feeding frenzy about to begin!" Not if yesterday's pattern is to be repeated. Indeed quite the contrary.