Member Info for CrustyPete

I would not like to predict where the sp will go from here magicp, as you say could go either way but my expectation is a gradual slide down to 1.5p or thereabouts. However I will be keeping my powder dry for the next fund raise which surely is due between now and EWT or if not then, certainly before the next appraisal well.

Mitchman - it doesn't matter if they "Understand the significance with the find" or not - they simply do not have the patience to wait 3 - 6 months.

I agree Js1, "solid" is an appropriate word. As some of us here had been suggesting, more work yet, modelling, EWT and maybe another drill before production and hence the likely need of further funding in the coming months? If so, no great surprise to some.

Very good news on the Flow rates etc "0.5 mmscfd of 4.7% helium (without any artificial lift)". So now it is clear, thankfully, but still no formal announcement of a discovery etc ho hum not a problem for me.

Will people sit with it until Q3 or will the "hot money" desert the ship with a view to a return in Q3? I know what I am expecting.

For now Rojo - don't poke the bear ;0)

"they all think they are five star investment analysts 😐" If that is true Rojo then we all have a "problem" - if there is anyone in our little troupe of cantankerous old feckkers that might be able to make that claim I probably come closest and believe me, as I have been happy to admit (4D Pharma et al) and has been demonstrated on this board umpteen times over the last 15 years I really don't have a clue ;0)

Sorry gents but I have to leave you for the evening.

BG, that may well be true but I guarantee none of we regular AEX posters is in that fraternity.... simply a bunch of people with nothing better to do ;0)

Honestly gents, get real. Who on earth do you think reads this BB?! Who and how can you honestly believe that anything, and I mean, anything that the few dozen OAP, lth's like you and I has any influence on anybody and anything?!? Nothing we say or do has any influence on anything! It is only the few dozen or so old cronies like us that even bother to "log-in" here and read this tripe on a regular basis. We preach to each other, nobody else, we are like the dozen or so septuagenarians that congregate in the pub every week to moan about their aches and pains! No more relevant than that. We share views and opinions on here, sometimes heated but actually if we were to meet up in the pub or restaurant at some point it would be akin to old buddies meeting up after years apart - I feel as if I know you all! We all have our foibles but actually that is just our character, our individuality, nowhere in my being is there any feeling of malice or dislike of any of you. Indeed as I have done with one or two posters on this BB it would be great to meet up and put a face to a name.

Let's not get above ourselves here - what we do here is totally inconsequential, what will happen will happen and NONE of us has any influence or effect on that no matter what we say, how often we post and how vociferous we are about it; changing the title of the thread? Really? When only 12 people actually read this board? WEN mk2, remember... no-one is listening.

Just get real chaps and chill out.

Jersey, unfortunately as the He1 BoD have not made it clear and the article referenced doesn't either I am afraid that I am as in the dark as you are. But, as I understand it the nature of that stimulation may well (likely) impact future costs and potentially duration of production and hence impact the commercialisation and viability of the asset.

The salient point and the one that I was trying to highlight is the aspect of"stimulation"..... many here have been arguing the toss about if there was or was not "stimulation" behind the Itumbula He1 flows. If we are to believe the NI interpretation, it implies that He1 flows were created after stimulation....

That may not be of any significance or relevance to you? But it is to me and may be to others.

Really, MasksNewNorm? Have you actually read it? Have a look at the section in whihc they compare NHE "assets" to those of He1 - they state, as below:

AND a probable free gas cap: This is a key differentiator between NHE and its neighbour... NHE hit a potential free gas cap which means the helium could flow to surface without the need for any stimulation.

They may or may not actually have a free gas cap but that free gas cap would flow free without stimulation - which is a differentiator from He1 whose assets, by inference, DO NOT!

Oh and English I have already top-sliced and am in for free, with the exception of a few recent top-ups. So as I have said several times I am very happy with my holding, though realistic enough to recognise that it is not totally without risk; as some would love you to believe.

You misunderstand English, maybe I did not express myself very well, it is NHE and their PR campaign that does not smell right. I was differentiating He1 from NHE.

It is certainly true that the He1 statistics greatly outweigh the NHE numbers, however a few choice quotes towards the end are as true of He1 as they are of NHE:

".....all of these future production calculations mean nothing unless NHE can flow test the wells and prove commercially viable flow rates first though."

"NHE hasn’t yet officially declared a discovery at its project and there is always a chance NHE is NOT able to declare one."

Each of these statements is still true of He1 and here is that focus yet again on the Flow Rates those figures which we are told the BoD already have but which they have yet to reveal and until they have they cannot offcially announce a discovery.

Furthermore the NI report states "NHE hit a potential free gas cap which means the helium could flow to surface without the need for any stimulation." Which implies that the He1 find DID require stimulation to enable the gas to flow to surface?

Another BIG difference between the two and the reason that I have never trusted the NHE press, is that whilst He1 have often been criticisied for not doing enough to promote themselves to potential new investors (recently improved) it is really noticeable how concerned that their message is not "out there" they are desperately banging the drum, now getting a third party and an "interested" third party at that, to do more "drum banging"....

It really does not smell right. Another pump and dump in the making?!

Despite all the shouty nonsense +ve and -ve, ultimately it will make not a jot of difference to the ultimate outcome at the end of the day, so as you allude to RJ, if you are confident in your reasons for originally investing here, nothing has, or will change.

The only thing that anyone needs to think about (in my view) is the risk / reward ratio. That risk has decreased enormously over the last year and even more in recent weeks and despite a huge dilution the reward is still potentially life changing for some. The max downside is 2p: the potential upside what 2, 10, 20...... ? Yes there is still risk and everyone here knows what they are, even if their self-interest does not allow them to admit it BUT, to my mind, that is now certainly no more than what? 50:50 and on the balance of probability maybe lower still. 50:50 with a 2p downside and a 100 - 1000+% upside.

No brainer.

And "no" I will not be whingeing if it goes the wrong way - as I have said before this has ever been and still is, a totally binary play and I have invested here with my eyes open and I am a big boy.

With that I intend to turn off the "noise" and just wait for the "big day". If it goes the wrong way with the next RNS I will reassess the situation - a little like we all had to after the Tai3 outcome and the subsequent huge dilution, as I suspect that it will be "deja-vu all over again".

Bye for now.

It is $140 of which $35m is AEX's "carry" edgar

I will defer from answering your response edgar but, honestly each of your "counters" can themselves be countered and each of them I have only recently given in response to other threads; save to say that yes the risks may be diminishing with each milestone delivered but the risk reward ratio that you refer to may be okay for a private investor but still a long way to go before those risks have reduced sufficiently for the II's to get involved in my view - majedie got their fingers well burnt.

Plus the reference to ARA using AEx as their East African O&G vehicle may once of held good but for that to remain true AEX needs to be a functioning "operator" in my view and for many reasons already explained umpteen times. I do believe that ARA will stick with them but they need to be able to retain the Kiliwani operatorship because having lost the capability and credibility to act in that capacity it may not be that easy to restore either.

Political risk? 25yr Dev License one tick in the box certainly but that costs nothing - a pipeline on the other hand may not be so easy to wave through if you have no $'s in the coffers.

As for timelines? Well don't even go there!! ;0)

"who likes to consider all angles" but then Js15 that is a suggestion that many on this BB ought to heed - but then of course most they have an agenda to follow or are led by their own confirmation bias and hence dismiss anything that does not conform to or support their own opinions and self-interest.

Haggismctripe, the king of FOMO, since abdicated and now with a new coronation in the form of sharehead...

Why do you feel it necessary sharehead? Do you not have enough confidence in your own investment decision that you feel the need to support it by pumping it out to all and sundry? Well, as I say sharehead, knock yourself out. I hope it makes you feel a bit better about your investment.

Bye bye.

"pumping" - sorry.

Bye bye.

Oh sharehead, knock yourself out man I could not give two hoots, it is funny, or worse, pathetic. If you are confident in AEX and its prospects why oh why do you feel the need to exhort other people to support your shares? I have been here 15 years and have just as many millions of shares and yet I do not feel the need to evangelise for my shareholdings; I am comfortable that my investment and my patience will reward me eventually.

So you just get on ramping to your hearts content sharehead; even haggismchaggis stopped "pukping"eventually after either recognising that he was making himself look daft or simply could not keep it up month, after month, after month....

So I will leave you to it, no more comments from me sharehead, I will leave you to evangelise to your troop of fawning BB acolytes unanswered.

Sharehead the new haggismctripe!