RE: HEX6 Jun 2025 14:07
So going to a private fund is likely the reason for the strength in price, likely one of Trumps mates ;)
Might get a post from him on the BB " My mate just made a nice purchase, of these very nice tickets, should make a very very nice profit, I couldn't do better myself, just might buy some "
The majority of the New Shares have been subscribed for by a large private family office investment firm with over $1 billion assets under management as well as other institutional investors.
51% is a majority, its an investment firm, so could flip anytime they have their targeted profit, should treat with usual caution,
Helix Exploration has completed a Fundraising of 28,125,000 New Shares at a price of 16 pence per share, representing a 9.1% discount to the Company's 10-day VWAP of 17.6p and a 14.7% discount to the closing mid-market share price on 4 June 2025, raising gross proceeds of £4,500,000.