Member Info for dai2belts

@richar, just how easy it is to clearly present facts, leaving nothing in interpretation.

Originally the rig issues were described as electrical and hydraulic issues, so He1's statement leaves you assuming the electrical issues persist.. That's poor communications..

During the rig audit they did similar but that time they were hiding faults,

"The audit, which is now 80% complete, has catalogued required repairs which are being addressed by the drilling company. """"There are no major failures identified to date that Helium One management team believe would prevent the Rig from being used successfully in a future drilling campaign."""""""

Before they could complete the remaining 20%, they had to rebuild the engine after stripping it while identify power issues.... They didn't mention that at the time..

It makes it very difficult to be sure of what they are telling you

Sounds good to me, its AIM.. ;)

BEN. Oct 2023,

https://www.youtube.com/watch?v=T_O3-tQNCAE

Can't read the article, behind a paywall

£1, nicely timed IPO, wasn't it previously a failure taken over by the Investment Banks

https://invst.ly/14453p

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/met-coal-feeding-power-plants-as-thermal-coal-price-spikes-71650242

BEN No Dilution, so that £55m MC. is achievable if production is good, trains run and the price of coal rises

Okay, I think I have it..

BEN sell in short Tonnes, Index is Metric...

So BEN break even at $111 short, add $100 for transport, commission and conversion rates..

So BEN payback on excess of $120/t is about $220 Met Coal price on index..

So I guess they maybe make ~ $9 profit, and the rest is covering debt

Last year they produced about 240k, tonnes, so that would give $2m profit..

Just wait for the protests when they plan to divert all the under ground water from the salt farms to the helium plant...

But if it gets to the point its going under, it will do 100% after as people pile in for the last bounce

BEN drawn down $8.75 million recent new $10m facility

The repayment amount will be the excess of $120 short ton for coal sales

That suggest $120 is breakeven but there are posters suggesting its $200 ????

'''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''''

Plus they have issued $6.5m of loan notes..

@Tro, Ben there is the breakeven price of the coal too

the lower the production the higher price needs to be...

Yep 10 bagged, 10p to 100p, now 2p to sell...:(

Shares in Issue 399.87m

Market Capitalisation £8.00m

Assets ?

Debt ?

Other risks are coal continues to fall, and those trains don't collect the coal in the volumes needed, both outside the control of the company.. I think I read there were problems with the trains... haven't figured out the break even price of coal...

Need to find out more about the exsolved bit, you could exsolve 10% from surface ponds...

But regardless the media that present to the pi, included this website are already pushing its commercial

Turns out the rig not only had no hydraulic issues, but no operational issues...

"Itumbula West-1 was drilled in 18 days with no operational Issues."

But when it is broken down, is that a non operational issue, as its stopped with an issue, not running with an issue ;)

.............................................

Next news, maybe sp movers

drilling at Tai-3.

Extended Well Test (EWT) at Itumbula.

Commercial volumes interpreted.

Securing a route to market.

This I find amusing, as obviously Liberums statement is straight forward, clear and likely correct, He1 was far from it..

What market misses

==================

Itumbula West-1 was drilled in 18 days with no operational Issues.

He1's version of that was overly complicated, and left open to interpretation

"NPT for the Epiroc Predator 220 drilling rig was reduced by over 350% between the Tai-3 and Itumbula West-1 wells, with zero downtime related to hydraulic issues."

"...zero downtime related to hydraulic issues."

That left the possibility of non hydraulic issues....

I think part of the problem is they are only testing two of the original targets drilled, and then its too prove the stimulation technique rather than achieve commercial rates, so maybe another go next year.. So after last years hype, its disappointing, and has probably deterred a few, and encouraged early profit taking..

But if the results exceed expectations, it should initially give a good return, but that's it for Hickory until next season at the earliest..

Bear trap example

Bed Bath & Beyond is a company that has seen several bear traps. In 2022, Bed Bath & Beyond's fundamentals were weak, with around $3 billion of debt and little cash on its balance sheet. With its business struggling, and investors questioning whether the company could continue, traders identifed an opportunity for short selling.

There have been several sharp rallies that could be considered bear traps for Bed Bath & Beyond company shares. The largest was in the middle of 2022. In June and July of that year, the stock was drifting lower.

But in August, the share price started to rally – slowly at first, and then more rapidly. It went from around $5 to $23.

In this example, the volume and share price both accelerated. These increases could have been considered a warning that a bear trap was forming. The share price eventually underwent a sharp reversal, falling to $1.66 in January 2023.

But for those who were short, that sell-off was too late. Many were forced to cover, as the share price rallied strongly and the losses became too big to handle. They had been caught in the bear trap.

Despite the fundamentals of the company remaining weak, the share price still managed a strong rally on more than one occasion. Technical analysis may help to identify bear traps such as this one.

https://www.ig.com/en/trading-strategies/what-is-a-bear-trap-and-how-does-it-work--230605#:~:text=Bear%20trap%20example&text=With%20its%20business%20struggling%2C%20and,in%20the%20middle%20of%202022.

Although we all share we still act individually, maybe for new bear bottoms we should all give the candidate a look over and score it.. That way you also get to learn from others what points to look for..

Horult has highlighted the 3 day rule

Portfolio has highlighted the MC to assets valuation

Experience the fund raise, likely news

Tro, the bottom should be a bear trap, but I need to learn that or his definition

Wbi, probably caught loads, eventually it gave good returns, but when you entered the II were selling out, and then their source of debt eventually pulled the plug..

BEN, that's another Wbi, nobody really knows what's happening with the trains to carry the coal, or what the break even price is for the coal...

Avacta, 50p, not a penny stock yet then..... I don't know anything about them, at all ...

I guess you need to see 2 attempts to rise, and then chance the 3 rd

Grandmothers, lol

I need Tro to explain the bear trap part, .. There must be clues, a seller or funding before big news,,

Not read the article yet, just downloaded it, does it say anything about the flow being exsolved from water ?

Courtesy of Pubcrawl

Might be worth downloading, just incase it gets deleted

https://total-market-solutions.com/wp-content/uploads/2024/03/24-03-15-Liberum-HE1-150324.pdf

@Swissy, Tro shouted FAB, I was just reading up on it, his bear trap lows sound interest, especially as he mentions he has an 80% success rate...

QED from that 0.8 bear trap low that would have gained x4 lol

QED have extended the OO to coincide with the new ISA allowance in April..

Today the price was falling even though it appeared they had sellers, and also that rise after the placing to nearly 1.4p seemed a little to easy..

I prefer just a few stocks, as I can't remember much..

Let Tro shout the bottoms, then do a little research to fine tune the choices