Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Total silence I see from FRED - has nothing to say except that black is white; because he says so....
So what's "incorrect" FRED, please correct me? What are those non-dilutive options then? Just saying "incorrect" does not make it so Lol! Are you going to give them an interest free loan?
I ma perfectly chilled FRED - it seems that your form of "banter" only plays one way eh?
A "loan" requires the payment of interest; something that He1 could not support and hence is not going to happen this side of production. Unless of course they do so through a Death Spiral loan, which repays interest through issuing more equity FRED.
Yes I would agree any form of funding, dilutive or not may be good for shareholders but that was NOT the question - and, as you have proven, you cannot come up with any options available to He1 that is non-dilutive. QED
Nonsense Doggydic, I have been quoted 1.285 for 500,000
I already have CODEFRED. As I said earlier a JV a Farm-out, a "death spiral" loan are all dilutive - not issuing more shares to get funding does NOT mean that it is NOT dilutive; is you give away 50% of your future income to get the funding it is dilutive you "plonker"!
Is it your lack of intelligence or your refusal to accept anything that defeats your simplistic agenda that means you cannot see that?
Common sense is different for different people RJ, hence it is your strategy, in my view. I may read the situation similarly but choose not to apply the same logic - a different strategy. Hold and buy on the dips is my strategy. As someone said earlier unless you can afford to sit and watch the intraday movements being out of the market could become an issue.
Come on FRED, what's the answer? What methods of non-dilutive funding can He1 avail themselves of?
So CODEFRED please explain. A JV, farm-out, "death-spiral" lending, company led funding, rights issue... etc. all come with dilution in one form or another and, as He1 has no income, they are precluded getting a conventional "loan" or "bond" as they cannot make interest payments. So pray tell what those "many ways" of non-dilutive funding might be?
I agree 100% flava. As I have always said there is still a lot of uncertainty here and that i what creates the volatility in the sp. One reason that my holding is now larger than it ever has been (buying on the dips) and why I do not subscribe to RJ's strategy is that I perceive the risk to reward ratio of He1 to be tremendous. Yes that means you have to be able to ride the volatility and "fund" the dilutions (so as not to lose shareholder value). And I accept that I may have to do that for a little longer yet. Once I no longer have the financial bandwidth to continue that strategy I may have to reconsider. Either stomach the affects of volatility and dilution or follow RJ's strategy.
Yes Discodog but only implement those steps if or when the EWT confirms that they have a commercial discovery.
I may keep a few Rojo, just so that I can attend the AGM and report on it for the likes of you and others who, despite living in London, can never be bothered to attend! ;0)
In truth yes I may keep a few but I will certainly be selling the lion's share of my holding and, likely as not, I will revert to my more usual tag of "Hold". As I have always made clear the tag I choose to apply is not a "recommendation" it just reflects my current "attitude". If I am or have been buying it will be "Buy" but after retirement I will certainly not be buying any more.
Well let's hope that the end of that journey is close Tom. I don't think I could suffer any more of this exasperation post my eventual retirement. So that kind of limits it to 2 -3 years max; that is as long as my patience will stretch.
There was some reference to it in today's interview with LB. Though I got the impression that they may just pass it over the fence to a "hydrogen" producing company for some proportion of the income - though there was very little stated that you could hang your hat on.
Just goes to show the depths that some will resort to when their lack of intellect precludes them from being able to fashion together a remotely coherent rebuttal or counter argument.
Oh and LTHreader of you are correct on the cash runway up to and including EWT no-one will be happier than me, so I hope you are right. That said I do believe that the BoD themselves have given us the heads up on this when they have stated that the 7th Feb raise provided capital enough for planning and determining the future work streams, they did not say "execute" them.
I wish you well.
Must dash, have to catch a train. GLA
"But I'll be holding and ignoring most of the rubbish that gets posted on this board in either direction."
I can't say I blame you LTHreader with t*****s like Discodog and 5085 and many others posting infantile drivel here on a regular basis I ay well join you.
5085, you really do not have a clue do you? You live in a fantasy world all of your own. Firstly I am not a "lame deramper" as you claim; I simply tell it as I see it. Secondly I bought three tranches of He1 at 1.0p, 0.98p and 0.99p. 100% wrong you imbecile Lol!
Come on 5085 shape up man - you are beginning to have all the credibility of Discodog and his band of merry rampers.
You really do not have anything whatsoever worth listening to; it is worthless trash written by an idiot. Why do you actually bother wasting yours and everybody else's time? You ought to join the circus you clown, you might earn a bit more money there ;0)
Unless LW the BoD are able to execute another "company led placing" as was the case for the £4.7m raise which was not at a huge discount, was not pre-announced and led to a subsequent change of sentiment and a resulting sp rise. With positive Basin Modelling and revised resource estimates (yet to be completed or simply retained?) they might find they can do so again.
However, like you, I will be keeping my powder dry for that inevitable (in my view) raise just in case.
"they got slaughtered last time for pre-announcing the fund raise."
Not just "they" LW - all shareholders got "slaughtered" as a consequence.... and some may never make it back. Thankfully I could compensate for the huge dilution and discount that early announcement predicated but not everyone could.
I would agree that the raise of £4.7m will cover the planning and determination of the work programme but that does not include the EWT which is part of a work programme. Other than that I would largely agree with you though I think that you have missed out one very significant item from your list LTHreader - the company will know how much funding is required at some future point but until the results of the EWT they will not know whether they have a commercial and sustainable helium (or hydrogen) discovery or will be able to complete the feasibility study that will get them the all important Mining License.
Now I would happily admit that I am personally confident from all we know that they will be able to do that after EWT, BUT nothing is guaranteed and even then it might require the completion of another one or two appraisal wells before they can complete that feasibility study.