Member Info for CrustyPete

Late delayed trade announced after hours - or tomorrow morning?

All of a sudden Wimbledon? you mean you couldn't do the same 10, 15 minutes ago? What was the limit then?

But yes it seems that they have been holding it for some reason - it will be interesting to what it is , or was!

Cupacoffee, to be totally honest I would be guessing and I don't want to set an hares running - but I would not be surprised if it is news on a placing or similar.

1.20 - 1.22 now.....really fishy?!

Or, maybe they already are...!? And 1.20 allows them their escape....?

Oh BG, you old cynic you!! Have you become a convert at last? ;0)

And a really tight spread - ordinarily with BUYS going through at 1.23p you would have expected a spread of what? 1.15 - 1.25p? Certainly not 1.20 - 1.23p

What is the sensitivity of that 1.20p ? A placing price at 1.10p or 1.00p? If the bid goes below 1.10p or 1.00p what? No "discount" and therefore no placing? They will not be able to forward sell them if they are issue at or above the bid.

Highlighting the final kicker in that paragraph CP - "albeit this may be subject to delays".

Well I'll be blowed, surely not! ;0)

Same old story RJ. One piece of news on it's own will only ever have a transitory, short term effect. The market very quickly settles back into "I'll believe when I see it" mode.... scepticism rules; unfortunate but totally understandable.

Js15 that estimate was before the drilling of Tai3 and Itumbula, so I suggest that will have been "pushed out " a little since then due to the the recent and current delays (repairs, spare parts and long lead items etc). Though frankly even if it were 18 months from now and not August 2023, still manageable.

A very good point Torreaguas! I had missed that and assumed it was "current" - So I retract my earlier post; I had wondered why we hadn't seen any impact on trading and sp. Though we have see a small number of decent trades this morning.

Apologies one and all and thank you Torreaguas for pointing it out.

The Mail on Sunday article could well give the He1 sp a bit of a lift over coming days and particularly once the new ISA allowances come into force.

Well fwiw I too will state that the last time Lorna made any reference (interview before last) to the "independent" evaluation of the Itumbula1 well data they had NOT yet been sent off but they were ready to send off. Have they yet been sent? I cannot claim to know. However, I do not think it is an issue as it is clear that as far as the BoD are concerned they will only corroborate what they already know. Will they even bother to RNS that corroboration when it arrives? If all it does is conform what we already know, why would they bother it? I would suggest only RNS if it is available to issue with something else (basin modelling and new resource estimates perhaps).

Though I do think they will send it off and will get that validation / corroboration before releasing the basin modelling and revised resource estimates. Why wouldn't they?

But that Joe is more than likley the reason that they have booked the EWT and spares, long lead items etc so well in advance...?

A very fair assessment roger, in my view. Though personally I am "sticking around" indeed I have been adding (bought yesterday at 1.2485p) I don't see much downside from here even with a raise and any release of the basin modelling and revised resource estimates could well push this up ahead of a raise.

They have found natural seepage of Helium on He1 acreage (and elsewhere ) of up to 10.6%. Which puts 4.7% into perspective? This may be why they could choose to drill a separate appraisal well post Itumbula...?

It might also mean that they are keeping the sp in a controlled range ahead of a capital raise....

Though Bridgedogg, I do not see that we will get someone in to fund drilling only downstream capex, just as NHE are in the process of discussing.

Yes Bridgedogg1 now we are singing from the same hymn sheet.....!! Hurrah.

Exactly what I have been saying for weeks now.

V111JAS. Like you I have tremendous respect for Panmure Gordon having had past associations with them and a well respected former colleague of mine (David Buik) worked there until recently.

See below:

https://liberum.com › news › liberum-announcement-16124

"London, 16 January 2024 – Panmure Gordon and Liberum today announce an all-share merger to create the UK’s largest independent Investment Bank. Panmure Liberum will have the biggest retained base of quoted clients across the UK market and will bring together their combined entrepreneurialism, deep and broad sector knowledge, and shared ambitions to establish a market leader in UK Investment Banking."