RE: Another Times HE1 article.20 Sep 2022 22:46
To Persian Trader:
'Wednesday proved a bad day for two businesses close to my wallet. Helium One Global (HE1), the speculative gas exploration outfit, announced drilling delays that wiped 18 per cent wiped off its share price to trade at 6p. Ouch!
Worse still, ITM Power (ITM), the Sheffield-based maker of “green hydrogen”, revealed that its chief executive will be leaving without it first having attended to the formalities of finding a replacement. This rattled Mr Market, who marked the stock down by 25 per cent to £1.26 on Wednesday.
But I didn’t sell any shares because I continue to believe that HE1 is either worth much more, if it finds gas before it runs out of cash, or nothing at all.
Similarly, after first investing in ITM more than a decade ago, I have seen big swings before — and took out more money than I put in by selling five-figure parcels at £5.39 and £4.46 last year.'