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Hi Poor,
You've played it well. I bought at 8p then was in a good profit (till DM had the washout) but didn't do like you, sell some as I should have done.
I think people thought it would be a repeat of the big rise into spud with LB. But it never came; times had changed.
Maybe times have changed again but with all these new shares I see it as less likely.
Overall you're in a massive % profit on HE1. If you lose a bit now that want bother you too much and yes, you may make a bit more (lot's more if they strike helium).
Good luck and fingers crossed for us all!
Hi Poor, I have been LTH for a few years. Doubled before the last spud with the intention of getting a free ride by selling half the new great holding at a profit, riding on a pre-spud boost. The boost never came, quite the opposite. And now I'll only ever get back some of what I've put in if Itumbula is a commercial find. People buying today might find that there's no boost. Obviously the upside for them on a commercial find will be amazing but I'm not sure that's why people bought today.
I never used to be interested in the posts on how many billion cubic feet He a find might be but now, the bigger the better.
Or I lose my whole investment, which is actually the most likely outcome.
I don't see much likelihood of a rise around spud this time. Was there even a much of a rise for the last one? I intended to de-risk with the Tai 3 spud rise but it never came. Hence I'm now completely reliant on a helium strike in January. I suspect that most people will have to ride it out now or sell at a small loss, possibly break-even, if they bought today.
I was also in COPL till earlier today. Certainly my Black Wednesday.
Is it all rests on Itumbula. Just suppose they find free flowing gas, could this multi-bag?
Can't imagine I'll put a penny more in even at much lower sp and if I did put in an extra £300, what would be the point unless it multi-bags.
Regarding the announcement of need for a raise before they'd organised it;
I wonder whether they'd been trying, and failing, to organise funding long before they announced the raise to us.
Then had to announce because the raise news was on the verge of being leaked due to the shear number of talks, hence the nomad said they had to go public.
Clearly they continue to have trouble.
Haven't sold but at a big loss. Can just imagine a sudden reversal in fortune with people 'in the know' making a killing here.
Tiziana Life Sciences Ltd
TLSA Bid Price NCM 7/19/2023
So I guess there'll be some serious ramping soon.
We've discussed January weather and had holiday snaps of dry weather in January, so they should be ok. Maybe January isn't the driest month but not the wettest either, and the rig is going to be ready soon, so why not.
(I checked with investor relations and the person who complains they communicate too much is the person who has to write the tweets. Glad to clear that one up at any rate.)
When I looked back at the Dec 5th Proactive interview I didn't get the feeling she was script reading. Her eyes wander but only like the rest of us do on a zoom chat.
The questions (are you going to take a pay cut etc. didn't illicit a satisfactory answer but will have been a clear signal to the BOD on investors' feelings.
When he said he'd love to share an update on how the funding negotiations are going it implied he had good news but could easily have been an act for the camera / audience. But when we've been in more optimistic times that would've been seized on (eg "I'd love to tell you what's in the wire-line results but can't yet" would've sent the sp crazy).
Hi Skippy, that sounds fairly well planned but he said that current shareholders (including retail presumably) would, ideally, be entitled to take part in the placing. How would that be possible if everything is already in place?
Can we assume that they had to announce the need for a raise as it was more market sensitive this time as the position was much more perilous than last time, so could indeed be misleading the market not to say something?
The sp actually went up 7% during LB talking about the geology so that seems sound. The lack of info in the second half of the meet, and the answers to questions on funding, are what's caused the huge drop subsequently. Frankly, if they can announce enough money to drill Itumbula I will see that as a better outcome than I had feared, reading some posts on here.