George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Its now listed on London Stock E for tomorrow
https://www.lse.co.uk/news/helix-exploration-plans-to-ipo-on-aim-next-week-posts-eyed-market-cap-67cmzr8iznys0z3.html
EGT, can't be Helix, different CEO, or Helium,
There is no ticker up for Helix so I am not sure where the He1 poster got the date from
I wonder ?
He1 1.5p bid, that's another 50% blip, should have kept a closer eye on that one, traders dream
@PortfolioPower, will you be looking at Short ETF when it turns ?
https://invst.ly/14aq3h
https://www.wisdomtree.eu/en-gb/products/ucits-etfs-unleveraged-etps/commodities/wisdomtree-silver
https://www.wisdomtree.eu/en-gb/etps/commodities/wisdomtree-silver-3x-daily-leveraged
https://www.wisdomtree.eu/en-gb/products/ucits-etfs-unleveraged-etps/commodities/wisdomtree-physical-silver
so Miner, physical and futures...
Copper, that article talked about futures making the gains..
So that article is confusing, copper miner cutting back and antophagasta price rising ...
Helix IPO, I wonder if it will be like the Cana IPOs, but after the 1st few they multi bagged on open, and look at them now....:(
Now I have to check those charts to if they are PHAGs...
Can we say PHAG....?
Where did you spot that ?
I see Orana listed as Helix company secretary
https://find-and-update.company-information.service.gov.uk/officers/UhbuxMO1PAAtKWLutRYFTBCSeYM/appointments
The list goes on..
https://find-and-update.company-information.service.gov.uk/search?q=ORANA+CORPORATE+LLP
Orana
https://find-and-update.company-information.service.gov.uk/company/OC382064
@Tro, interesting article that..
https://www.proactiveinvestors.co.uk/companies/news/1044692/helix-exploration-all-set-for-london-float-after-heavily-oversubscribed-offer-1044692.html
Sounds like they have set it to multi-bag by not choosing to take up all the funding offers that would cover them up to production.....and $90m MC compare..
Saying 0.5% is highly commercial , less than 10% chance of being 0.88% or lower ??
=======================
Offered £22m, plus £4.27 pre-market valuation = IPO MC £26m
Instead IPO MC £12m offering much greater upside ....
Since its appraisals not exploration could see MC £30-50m near drill especially with DMs ramping
========================
Starting with roughly 120m shares (guess) should help price climb rapidly
Raising after or during drilling gives the city cheap shares, and more profit,
Low SII should ensure quick flip with a good discount, and 2nd cheap entry for PI
========================
Comparison set to encourage MC £80-90m on discovery
Targeted Annual Production 55,000mcf, while another up and coming IPO $90m aiming for 32,000 mcf/y
=========================
Maybe £100m MC,
Sure He1 BB quoting over $500mcf, so
55,000x $300= $16.5m/y
$500=$27.5m/y
All for under $27m(15m plant +ipo 12M)
Sounds crazy but He1 hit £100m when the rig turned up
plucking out of the air of course, any views
I thought I read 3 wells to be drilled, is it 1 or 3 ?
Wrong link ...
https://invst.ly/14aq3h
Mmmmmm, but they look near longterm highs, so near the tops ?
What's behind the rise ?
Wisdom Tree Silver is lagging a little do you think it will catch up..
https://www.ft.com/content/c3c66359-6bdb-45cb-8ddd-663f10c1d3d9
DMA , I just think thats level 2 access by passing the middle man we trade through..
There was a post on ARS....
But many traders are placing bets on supply shortages as production cuts by miners begin to take effect
https://www.ft.com/content/c3c66359-6bdb-45cb-8ddd-663f10c1d3d9
So are miners going to benefit from the rise ?
The well produced AT an average oil flow rate of approximately 42 bopd during the natural flow back period
vs
The well produced an average oil flow rate of approximately 42 bopd during the natural flow back period
The former is a rate that was achieved, the later is the rate for the whole test period ?????
Or is it ...... during could mean , throughout or in.....
Obfuscation
Looks like some posters questioning 88e results, almost call them a lie.....Should always read last page to 1st lol
24.8 stk bbls of oil, what's stk ?
"The well was cleaned-up and flowed for 111 hours in total, of which 88 hours was under natural flow back and 23.5 hours utilising nitrogen lift."
"The well produced at an average oil flow rate of approximately 42 bopd during the natural flow back period, with instantaneous rates ranging from approximately 10 - 77 bopd with average rates increasing through the test period."
So its natural to assume
========================
The natural flow back period was 88 hours or 3.6 days, with an average of 42 bopd that's 154bbls.....
====================
BUT.....
After all the extra historical bumf, contact details and broker info, there is important info...
"A total volume during the flow back period following establishment of oil cut of 24.8 stk bbls of oil recovered following establishment of oil rates. "
The differences
https://www.ig.com/uk/spread-betting/spread-betting-vs-cfds
Nor me, I thought the only real difference between betting and CFD was charges/taxes :)
Good Night :)
I don't know, seen people talking about shorters and short positions on He1, yet I got a message saying NO from IG...
I guess they were talking crap, but sure one was quoting how many IG traders were short, percentage.
Trouble is IG have a labyrinth of pages, I am sure recently I was able to go through the motions of shorting Aimers without a login,,allowing you to see how its done...
Something happened after Robinhood/Gamestop, I remember people told their positions were getting closed, profitable or not... A few guys at the time were trying CFDs, the more experience warning them about the sudden swings in AIM shares being swift enough to close out positions or cause margin calls to then continue as predicted, but its done and your out... very harsh..
With IG I am not sure you really short, its a contract between you and IG.. I looked at DMA trading its a contract between you and IG, so you own nothing..
Interesting comments
https://community.ig.com/forums/topic/6379-you-cannot-sell-this-market-to-open/
, both the CFD and Spread betting options for the AIM stocks I tried gave the same message.."cannot sell this market"
Being a demo I still might be able to place it, and play like the big boys ;)
Investing is about growing your pot, and AIM is about companies raising money, so often opposites
Also the traders move in and out, those who have timed the recent 3 peaks well (that's not me), have more than doubled their money x2.5
https://invst.ly/14ajwk