'Used (good) Warranty '
I wonder whether HE1 have a Warranty on the rig they bought; maybe there'll be some reimbursement of sorts. Or (false economy in hindsight) it cost less to begin with.
Crusty, with another company I would normally agree too. But with the SP so depressed right now, would they get a raise away as easily as at 6p. Itumbula is one of the best chances of a discovery (least I hope it is or they should drill elsewhere) so why dilute before the outcome is known, only to fund increasing slim chances of success down the line? It would seem like a raise now is just to keep HE1 in business (and salaries of Directors paid) rather than for them to discover helium in less fertile grounds.
You and Trek know much more than me how these things work but I just wonder if a raise would do anything other than prolong the agony if Itumbula also turned out to be a mixed bag.
Last week Joe said that the crew and their families will make more from the shares (and the sp movements) than their wages. That could be quite an incentive to keep drilling going at all costs; maybe accommodate management's desire to keep costs down as much as possible and complete the current plans within the available cash.
Https://www.proactiveinvestors.co.uk/LON:HE1/Helium-One-Global-Ltd
I've got more shares than I had on Friday. Paid too much for some of them this morning (3.9p) but nevertheless, even if there's a raise, I'll be where back where I was, with a drill ahead. Will try to trade a little on the news and on the gaps in the news..
Tim, you actually pay to read tw stuff?! No, surely not.
Just learned my internet is down till 4pm Monday. Virgin are the worst; don’t think of joining them, anyone.
So no doubt RNSs galore at 7am for my portfolio(and only my phone to react with).
Yes, quite strong arguments for both averaging down or averaging up on Operational Update news. I suspect that if the sp dropped suddenly it would be difficult to sell until the very moment the price begins to bounce.
Enjoy your game Ripley / NYsize. I'm off to collect the daughters. I think you'll hear from me less from now on to relieve serious posters (Bein, JT and Wyn etc) from the tedium of bickering.
Hope your cat's ok.
'Weird thing is Geeman, the other day you said you remember seeing that twitter account in your name '
I don't even need to check back. I wouldn't have said as I didn't look, so I'll let you be the one to check my history, Ripley.
'D-Geeman saying that extreme right-wing twitter account wasn't his. We all saw it at the time mate. '
I didn't see it Rippers as I would never click a link of your (viruses for sure with you!) and since I haven't even voted Tory for a dozen years (Lib-Dem and once 'Green' most recently) far-right would be somewhat odd.
In fact an X site under your name now explains why you were quiet yesterday, playing your game and creating your account to try to 'frame' posters who aren't your fans.
I did glance at you X post after 13th mentioned it last night and thought it was indeed your creation, and you'd deny it. So predictable.
Your whole interaction here on LSE is an elaborate game for you to try to provoke, make riddles etc. You're a bit like Boris J; say whatever it takes, any lie to get through the day.
'a 10% drop last thing on a Friday'
There wasn't a 10% drop last thing; since 3pm fell.. 5%?
And the time is 3hrs ahead in Tanzania so 3pm here was 6pm there on a Friday. Not convinced 6pm Friday is when leaks would emerge.
On the subject of multiple identities…
True story from 1990s.
Acquaintance of mine was a reporter who knew a sports journalist (ABC) who wrote for a national on a particular sport subject. He, ABC, also wrote for a rival paper on the same subject but under a pseudonym, XYZ, so his main contract client wouldn’t know.
One day a letter arrived from a reader who berated his writing; ‘ABC didn’t know the subject, couldn’t write, terrible style, ought to be sacked’ etc.
The punchline of the letter was that the only person who really knew ‘how to write on the subject is XYX’ - who of course was his own pseudonym in the rival rag.