Member Info for deep100

Well I know which interview I liked the best - HEX & DM are different class - LB looked like a rabbit in the headlights- so uncomfortable. Second time she has blamed the nomad for timing & pricing of a placing . She is clearly a puppet & not in control.

Figures look excellent with HEX - I can’t help feeling that BS would not be involved here if he wasn’t confident of success.

CO

I’ll look forward to that

Crusty Pete

You have misunderstood my line of questioning. I have been talking about a placing for some time now - so wasn’t a surprise- in fact I also called it at 0.5p

My point is they raised £4.7m in February & now £8m in June just for a EWT - no detailed data has been released- they must have it . They are going through a serious amount of money !

Crusty Pete

I know what the rns said but £4.7m is an awful amount of money to raise & for them to not to let us know exactly what they used it for . There is a serious amount of cash burn going on here .

I’ll answer my own question

To keep the lights on otherwise they would have gone bust & to keep paying their substantial lifestyle wages .

I would love to know what the £4.7m raise in February was used for ? Ideas any one ? 🤔

KR

Yeah - I think people are yo - yoing between Hex & He1 - to be expected I suppose . Both are now fully funded for the drills ahead .

If both find commercial helium I shall be a happy chappy - just hope I can remember where the sell button is at the correct times ! Lol

Added some more here this morning @23p - would have been been rude not to !

Good luck to all who has invested here . I am still invested here from way back - written them off in my head so have not sold them .

Why do people think they have not released any more data ? I have a feeling that the data they have either they don’t understand it or they don’t believe it is as good as they thought it was - hence they are going to drill deeper !

This why I haven’t added this morning along with my complete distrust & dislike for the BOD . But good luck to those that have - there is still money to be made here !

RE: 63.5% DiscountToday 08:51

Placing shares are not being sold now. They will only be sold after 14th June.

"It is anticipated that trading in the new shares will commence on AIM at or around 8.00 a.m. on 14 June 2024. “

Best make sure any profits made before then are taken before 14th June then !

Rightly or wrongly- who knows - I made a top up on Hex this morning @ 23p .

I’m just not sure about He1 - to now decide to drill deeper just makes me think they either don’t understand the data they have or they know they haven’t got good enough data to go commercial?

Obviously I may be completely wrong about this but along with my distrust & dislike for this BOD , I just don’t feel like risking any more money with them !

Excellent strategy from Hex & very clever . People who were holding back for the He1 placing may well be putting their money into Hex instead. They actually seem to have a proper plan and are fully funded for the upcoming drill .

I think I may buy a few more Hex instead of He1 myself- had it with bandits at He1

They have been waiting for He1 to announce the placing before releasing the results of the scoping survey . They are playing a very clever game !

“12 months working capital “

12 months pay cheques for them then . They must be thrilled !

Also this must mean that any further projects - including Tai - are not funded & another placing will be needed if a JV can not be found . Not sure who would want to jump into bed with these shysters but there may be someone stupid enough.

Dai

I hope you sold ?

A week ago the sp was 1.4p - they have let their mates sell their shares knowing that they can buy back in at 0.5p - & not for the first time either! - that is disgustingly behaviour & shows a total disregard for PI’s . It should also be illegal & it’s time LSE done something about this .

Having said this - it is totally predictable- anyone that didn’t see this must be blind & the resident rampers on here should share the blame & be ashamed of themselves.

I reduced my holdings here & transferred them to HEX because I KNEW this would happen . Have been invested here for best part of 3 years & the present board are toxic . Stalker leaving when he did was a big red flag . St . Lorna (ha ha ) hasn’t a scooby about looking after investors - nor does she care !

I had big doubts ( which I expressed on here ) that Rukwa has commercial helium at all . The reason they haven’t released detailed data is either they don’t understand it or it’s not what they thought it was !

THEY ARE TAKING US FOR MUGS !

Yeah - I called it at 0.5p - very predictable. $8m for a EWT - own their own rig - it’s laughable. No mention of deepening Tai or anything else ! Noble’s well test is costing $0.5m & they have to hire a rig !

There’s still money to be made here though !

He1 - the share that keeps giving! - they really care about PI’s 🤔😂

I said before the Itumbula results that I thought they had nothing & we’re going bust - I may still be right . Their 4.7% helium flow claim kept the lights on for them & gave them option to raise again although they did not say what the funds were to be used for !

With lack of further data it smells very fishy to me . Lack of progress over at Noble also has not wetted my appetite. Is there commercial helium in the Rukwa basin ? The jury is still out as far as I am concerned.

I have saved a bit back for He1 - placing must be due soon . Will be very interested to hear about their plans going forward . I’m still not convinced they know what they have there . Could be nothing or could be jackpot time ? Lack of meaningful data is troubling me but either way there is still money to be made before their EWT results