Member Info for CrustyPete

Forward selling? 35m in the week ahead of the RNS..... you cannot "forward sell " using CFD's.

Infamy, infamy, they've all got it infamy......!!

The world according to Prospero and now RJ, it seems.

"The drop began a full week before the RNS - from around 2.25p down - and it was clear the news had leaked through brokers and was being front-run. It happens in almost every small-cap placing, and this one was no different."

"Anyone watching closely could see the tell-tale pattern: controlled price support, then a sharp unwind before the RNS. It’s classic pre-placement behaviour, not fantasy, just how the market works when institutions manage size in an illiquid microcap"

So obvious, so common, so tell-tale and yet something that no-one was able to identify, no-one was able to predict.....

It is easy to look backwards and find the necessary evidence to support a pre conceived idea or theorem but your conspiracy theories would be more credible if, having been so obvious, you had been able to identify as they were happening and not with the benefit of hindsight.

The beauty of confirmation bias.

Many thanks to Botski, Bobbust and EE - very illuminating and helpful feedback. Thanks again to all.

The range of funding options available and the continued positivity from Redmile and Vulpes is particularly reassuring.

Nonsense.

177m sorry.

Lol, that is total speculation at best and pure fantasy at worst Prospero - have you even bothered to check the trading volumes during that preceding week?! Or indeed between that preceding week and the 20th October when the shares were issued? 171 million shares with the placing issued and 36 million traded between Sep 29th and 5th October. £139 million on the day of the RNS and the following day. Take a look....

Goodnight.

Might we test that 0.50p threshold again tomorrow? It would be good to see particularly after all I ambitiously suggested that we could be close to 0.60 by next Friday!

Here's hoping.

What a difference a few hours makes? Morning trade negligible but a marked increase in volumes and values of trades in the last hour or so..... indicative if anything do you think? No obvious Operational news imminent is there? License sign off perhaps?

"The only reason we’ve pulled back since is because of the equity raise, no one could have predicted that, and it’s got nothing to do with sentiment or fundamentals."

prospero really?! You are now stretching the boundaries of credibility. Firstly the equity raise was less than 5% and at a minor discount, what ism more the sp had already fallen to 1.80p ahead of teh raise an rose again to 1.90 thereafter.... so how on god's earth can the current share price be down to that? It has fallen by 25% (from 2.40p to 1.8p) before the Equity raise was even announced.

Sorry, but that really is enough.

Goodnight and good luck all.

"But the reality is that the exact quarter matters far less than the confirmation itself."

That is NOT a fact, that is your opinion and one that I totally disagree with. It is already a "when", no-one is in doubt that the drill will happen but as yet the date is not fixed. In the same way that the pipeline was always a moving feast - did a definitive date for the pipeline "move the dial"? No, not really. If that date is 6 months away then who is going to be jumping in months in advance of the spud? You maybe, yes but I would suggest that most will wait for sometime closer to that date, not least because it would not be the fist time that an anticipated spud date has been put back or delayed for anyone of a multitude of reasons.

Anyway enough from me. Only time will tell.

Well the reality is Zoffy that anything meaningful, material and price sensitive has to be released to the market before anywhere else. The consequence being that anything the BoD released outside of an RNS would be purely superficial PR and of minimal value.

I cant argue with that Watchouse but would comment that I don't think anyone is in any serious doubt tat work is underway on the pipeline; I think most people will take it as a given so don't anticipate confirmation of the same to do much oif anything for the sp. Prospero is right, I believe, in that it is the CH1 drill and drill date that will mark a change in sentiment and momentum BUT that we may wait a good 6 months plus for that to actually materialise.

Oh and with the M&P drill too..... ;0)

So Q1 or early Q" you say? Well I say late Q2 early Q3.....

Only time will tell Prospero.

Prospero drilling CXH1 has been "urgent" for some time as those who were predicting a December drill were advocating. There is still tome for ARA to drill in July and deliver gas into the pipeline by the time the pipeline is commissioned in September..... Moreover you can push and push to "fast track the rig process as much as you bloody well like but if there isn't a suitable drill available there isn't much anyone, least of all PURA and ARA, can do about it......

Where oh where is Jungle VIP and his merry band of rampers when you need them? We could do with a 24 hr spike ahead of the weekend.

Indeed, just go to the He! global website and look at the last presentation....

"Once the rig contract is signed and the CH-1 window is fixed in black and white, sentiment flips overnight !"Surely Prospero that "flip" will depend entirely on when the "window" happens to be? No-one is going to get too excited about it if there is still another 6+ month wait for spudding? That allows plenty of time to choose your entry point and not much by way of FOMO....?

Well Offler whilst I understand well the point you are making, I would suggest that the "problem" is not one that He1 will be spending too much time worrying about. They will be signing a JV with an offtake partner and likely as not selling the gas to them at Wellhead - the logistics around off-take will, of course, influence the commercials of that arrangement but it wont be He1 supplying the mechanics.

"Exciting"? Well, maybe, yes. I had believed that we would get the Rig contract news this month but with only one more day of October to go that now looks unlikely and then with only two months to go until 2026. Who was it that said we would be drilling by Christmas? Come on hands up!

Let's hope Santa brings us an early November Xmas pressie with the Rig contract and CH1 spud news - but I won't be holding my breath.