Member Info for CrustyPete

But it's full of "E" numbers gogs, I don't think Joke90 needs any more; do you? ;0)

One quick question Jodonne; are you looking to buy the stock or trade it using CFD's? I know most of the names below as CFD traders....

I am as disappointed as many are with events over recent weeks but I invested in He1 with my eyes open (just look at their first attempt at drilling!) and after many years investing in similar companies; the operational risks involved in this type of activity are well known. BUT that is far from suggesting that investing in AIM stocks is comparable to betting on a horse or that the risks and stakes involved ought to be considered similarly - the two are manifestly not the same and for a multitude of reasons. Not least that with AIM stocks everyone has the opportunity of selling up and has time to consider their investment in the light of subsequent events.

I am happy with my investment for reasons I have explained several times since Friday, nothing has changed. I have many times more capital invested in this than I would ever put on a horse and recent events have not caused me to regret it.

Oh and wyndrum, that analogy with horse racing is not really a valid one; on AIM the variables all concern one entity, in a horse race there could be dozens. I was recently recommended to put money on a horse because last year it came second and this year it has already beaten last years winner. I did and it again beat last years winner - unfortunately so did the other 12 runners. IN AIM you only have two or maybe three outcomes, up down or sideways, you don't have the fortunes of 12 other runners to consider. Yes you might say but you could choose to back another AIM stock (or 12) , yes I could and I could, indeed, back them both (all) - and both (all) might win....

Oh dear the shape of today's posting appears to be well set - another day of too much heat and not enough light.

I have better things to do than read this drivel.

See you after lunch one and all - good luck.

Sorry for the typo's, currently on the move... GLA

Conversely I am perfectly happy, despite today's hyperbole in reality NOTHING has changed since Friday and in reality it was nevre likely to. It was evident from the RNS and interview that it would take some time to rectify the equipment issues but that the risks to the wellbore are not considered to be material at this stage. Hence my view as expressede on Friday that it is no more than a hiatus before wireline logging.

Nor has my opinion changed that, as expressed on Friday and repeated below by "real_talk_xd" if this had been the disaster that many are suggesting, those "in the know" would have taken thg sp way below 5p. Lack of immediate news today will as ruffled a few feathers (as is evident from many posters here) but, personally I see nothing to change my initial opinion on Friday.

I am glad I stayed in last week.

Lol this is all both ridiculous and poinless. Thankfully, it will be short lived; Joe90 will change his tune once he has bought his position back.... ;0)

Do you know what astounds me? That on a beautiful sunny day as this has been (at least where I live) people have got nothing better to do than waste time, energy and emotion speculating abot not a lot. Why not just wait and see and enjoy your weekend? Nothing you might choose to do or say will change a blessed thing; certainly not until Monday. Does make you ask who an ulterior motive? why else would you waste your weekend spending time over nothing taht you can change? It beggars belief.

Bye bye until Monday at the earliest... ;0)

Roger "New replacement parts extend the life of any machine." Indeed that is a truism RJ, a bit like Triggers Broom - "I have had it twenty years.... 17 heads and 14 handles" !! ;0)

Have great weekend one and all.

How ere your Guinesses RJ?

Well again, I am happy (as can be)m with the interview - the downside is that it doesn't sound as if the hydaulic issues will be solved in quick time but neither does it sound as if the worst predictions of some on the BB regarding loss of wellbore integrity or the drill getting stuck down the hole are a serious likelihood Not yet anyway.

I am glad that I stuck with my original conclusion, which was to keep hold of my shares and be patient for another week or so.

The same "inside information" leak that led to the sp fall 24/48 plus hours prior to the release of the RNS is at the same time both intensely galling but , for me at least ironically comforting. Had those in the know been aware of a significant failure that risked compromising the well integrity or, just as bad, suggested losing the equipment down the wellbore I suggest that the sell-off and hence the sp fall would have been significantly worse than we have experienced today. This leads me to believe that there is nothing more significant than was suggested in the RNS - another frustrating but short term delay to the wireline logging.

Had I been in possession of any significant funds right now I would have been buying more now at these prices. Thankfully whilst I am not in the "green" at these prices I am not very far out of the money (0.2 - 0.3p) so my purchases would not even offer much in terms of averaging down but I would be happy adding at these levels.

Only joking ;0)

Maybe that was the reason they did not drill another 100m....?

"the mother of all deals" - like the last one you mean steve? A tin-pot deal at best and on bloody awful terms.... I rather hope they are hibernating if the alternative is another one like that! At least then whilst they take shareholders money for doing nothing at least the cash will last a bit longer if they don't spunk it on another malign deal! ;0)

Did they buy this rig from Swiss Toni...?

This is the deepest the rig has ever drilled - yes, we now see why! And they were contemplating re-entry? This just goes to show the risks involved and why, if they have already found commercial quantities of Helium. they should keep well away from it.

The opportunity to get a pipeline built in time for the projected "production" date has already passed - unless the pipeline build has started and no-one has told us! 2 - 3 months for the build once initiated and that would be compromised by heavy rain.

FYI my London offices are located some 50 yards from the Tanzanian High Commission - you now when Tanzania is in election season when there are Demonstrations outside the Commission demanding that the Tanzanian President and Govt cease selling off and repatriate Tanzanian farms and land to Overseas companies for the benefit of foreigners and Politicians.... I can see it from my window as we "speak"... ;0)

As I said a few weeks ago that whilst we were in election season many of the current regime's short term decisions are going to be coloured by politics and the self interest of re-election and not on commerce or economics.... So in that respect Tanzania looks very much lie the UK...

By for now.

As regards the CH1 (NT3) drill, we haven't even identified a rig or signed a rig contract yet so any concept of a spud for CH1 is currently pir in the sky. If they were to announce tomorrow that a rig contract was in place and even then subject to a rig being available immediately and being relatively close Geographically I would suggest three months at the bare minimum and even that would be pushing it

Semantics BG, Likonde 1 is NOT in the Mtwara licnse area and Likonde 1 was chosen as the "optimal" drill location for that prospect. There is Zero reference to Lindi or the Likonde prospect in that entire presentation and at none of any AGM's in the last 9+ years, so yes BG, it may literally be part of the Mtwara license area but for goodness sake get real.... it is not a material consideration and is nowhere on any development road map. Dream on.

We no longer have the Lindi License that Likonde sits in....

I was confusing Namisange with Likonde - as indeed I did in 2018!