Member Info for CrustyPete

I am not dismissing the value of the "secondary" developments, not at all, indeed they are contingent and sequential and we don't get one without the others and in that sense very important but, the CH1 drill will be the one that most moves the dial in my view. The others will benefit the sp incrementally but CH1 will be the game changer; I just hope we won't be waiting too long for it.

The proof of the pudding will be in the eating Oscar and I think it is in the balance hence I have de-risked considerably, indeed those I now hold after top slicing yesterday are free carry.

I think there are material questions as yet unanswered re the timescales for finding a Farm-Out partner and indeed whether they will find one without first confirming their thesis that the GWR and HE %ages can be increased..... it seems possible that, without that, the "commerciality" of the venture is in the balance. And if that uncertainty scares off Farm-in, JV or other commercial partners, who is going to pay for that requisite work programme to prove that thesis?

I think they will find a partner but it could be along haul and on what terms? Would we be better off self funding? After all we are told that it would need only one shallower drill and we own a rig.

I suspect this rise is in anticipation of that Rig news prospero. I hope it is not a case of "buy the sizzle and sell the sausage"...? I will be interested to see what the next "Rig" RNS has to say, particularly the inclusion of dates for drilling. Without them I am not sure there will be too much to get excited about; the rig contract has long been anticipated and is well overdue but it is the dates for the drill that is the most pertinent piece of information in my view.

One question McNol. We did indeed see the post auction price settle with a bid at 0.70p and the offer at 0.75p though with a trading spread much smaller. So, if that is what the "whale" wanted to achieve what now? What will the Whale now be doing and show should PI's react? The level of trading has reduced significantly since that time and we now have a bid at 0.65p - what is the whales logic in allowing, or indeed, creating the recent activity?

Not before time! ;0)

And up again! good news.

Indeed HHR, just been offered 0.695p to buy 3,000,000

McNol, so how will the "Whale" react if they do not see that auction activity stabilise above 0.70p? And what should we PI's do as a consequence?

Frankly beesty I don't much care, those I still hold are in for "free" after cashing out yesterday.

Though I would be tempted to buy at these levels.

NT at 0.69? Really, so why is it now 0.67p?

Indeed Bigbeesty, they will have to ramp the sh*t out of it now to get their money back....

The 2,000,000 blocks are now sells.

So McNol, what do you read into this mornings trading activity. More trades per minute now than at any time yesterday and, it would appear most on the bid...? Are the whales now selling?

Our illustrious leader Lorna says:

"We now need to increase our understanding of the Basement fault and fracture play, where we believe there is the potential to increase GWRs and helium concentrations. In order to do this, a further work programme will be required, and we will commence a strategic farmout process to seek an industry partner to help us deliver this."

A few questions / comments to the above that I would like the BoD to answer.

Firstly that the process to Farm-Out has only just "commenced" and could be a long haul - how long and what happens in the meantime? Are the BoD confident that they will be successful in this process? If so, why?

Secondly regarding "a further work programme will be required": The BoD believe that they can increase the GWR and He concentrations but will they get any further investment or, indeed, a Farm-Out partner without first confirming this belief? How confident are the BoD that He1 wont have to self fund this additional work programme before they get "buy-in"?

It would be good to see Lorna being interviewed.

Multiple conversations were initiated months ago; we know that. Maybe some of those were triggered at last years meeting, maybe not (unlikely, methinks from a "poster"). The point, I guess, being that there is little now to be gained from such a venture.

That is not to say that those discussion are now nearing completion; they may be, but I think that might be a bit of a stretch to suggest that, simply from their absence from the AACR.

Anyway, goodnight all, I have three hours driving to begin now - ugh!

Maybe, certainly feasible.

Now we will see if there is any "auction" activity after the "close"......

750million shares traded and yet the Bid closes where it closed yesterday.

I bet that whale is regretting all that buying it did this morning?!

Only joking! ;0)

Well, we have seen a number of "variations on a theme" on the TR1.... the bottom line is that we should have it by mid week; Wednesday / Thursday at the latest.

Perhaps that, in a very busy schedule and with a long list of higher priorities, the event does not justify the time or expense?Maybe that they got very little out of it last year? That a "poster" achieves very little?

Pure speculation on my part, of course.

Agreed Toffers, both the volume and value oif trades has dried up significantly in the last 60 -90 minutes. Unless as has been alluded to there are some delayed trades yet to be notified. But if they are they aren't doing much to the quoted price.