You promised to do one when this “dog” of a share reached your price of 17.7p . You should be long gone by now . This bb is a better place without your pessimistic ramblings.
It’s a difficult one - lots of people derisk before results. So how to work out if insiders in the know are bailing or people are derisking before results is a quandary.
Average down everybody said - so I did again & again & still I got further & further behind- painful lessons learnt .
The results at Tai C were a shock to everyone- & I mean everyone. They threw everything at that drill - no expense was spared & the share has never recovered - it has been diluted to death since to keep the lights on .
Ironically it was dodgy Dave’s involvement in Hex that drew my attention there but it was Bo Spears who sold me on it & I have been in since IPO . They are the complete opposite of He1 - BOD have skin in the game - regular updates & most importantly in America not in some distant African country with logistical problems.
Yep - emotionally invested I was - so much so that it affected my health - I used to wake up at night thinking about helium . I chased my losses on ADV - was nearly level again & the 💩hit the fan there as well .
As regards to Hex - I still believe it is falling under the radar - lots of money to made here I think .
Finally decided to cut the cord today & sold all my shares in He1 & reinvested them in Hex this morning in the 14’s . I feel quite sad but it’s the right decision - He1 has been part of my life since Tai 1 & I have lost a fortune on them - has cost me an early retirement- but I couldn’t bring myself to sell up .
It’s done now - I haven’t believed in the project for some time now - it will cost so much money to move into production I don’t believe it ever will .
I do believe in Hex & exciting times are ahead- it could be enormous- Bo spears is ploughing ahead at great speed & Hex just might get me my money back .
Helix has commenced surveying of well sites for Production Well #4 and #5 to the south of Linda #1. Additional production wells will be self-financed through cashflow from the Rudyard plant.
. The well will also be extended to test potential for helium and hydrogen within the Cambrian Flathead and Precambrian strata. This formation showed both high grade helium and hydrogen at Ingomar Dome but has never been drilled in the Rudyard area. As Flathead reservoir conditions are unknown in the area any gas identified in this formation would be an upside for the project.
I hope this lasts until Monday & the new ISA tax year begins. I have been maxed out for ages . Will finally be able to purchase some more at this ridiculously low price !