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Coco
Where have you seen Lorna say that the second site drill won’t happen if Tai-C is successful?
All I heard her say was they would immediately move onto Itumbula whilst awaiting results at Tai !
I think your imagination is running away with your mind - stick to facts please !
Https://x.com/heliumone1/status/1702247872689787100?s=46&t=Yio2q8EEy0KoP9edq2LYPg
Keep them coming !
KR
Thanks - that is good advice - was hoping to derisk at 15p during spud but that now looks unlikely to be reached .
I suppose the best thing for me is the hope that they will claim a discovery very quickly after spud - and that is possible- before difficult decisions have to be made around the 3 week mark.
Swissy
That is exactly my point- I don’t know what will be worse - lose my money or lose a potential fortune !
I have managed to get my average down to 12.5p - was 24p after Tai1 .
KR/Dai
I think you are right Dai - they have been very vague .
I think the lab test is to confirm the discovery & that it is commercially viable . What we won’t know is how much is down there because we haven’t done the flow rates yet .
Aren’t noble capping their wells & returning to test flow rates because that process is so expensive ? Didn’t they say it costs $4m to do ?
It just makes me think we will be left hanging all winter & a further raise will be needed before we know if we have hit the jackpot!
I may be totally wrong & I hope I am !
GLA
Swissey
That is great post & mirrors my thoughts on this journey exactly. I just don’t know what I’m going to do yet . After having no exit strategy for best part of 2 years I formulated a plan around a month ago . The demise of the sp since then has forced me to have a rethink & as of now I still have not decided what to do . Trek has a point in that fear may force people out too early. The trouble is the new BOD are only looking after themselves & their mates & I do not trust them . Too many things have gone on that I have not agreed with & if I wasn’t so far under water I would of sold up. But I am definitely emotionally involved in this project & can not let go yet . If we get to the 3rd week post spud & have not heard anything & the sp is 10-12p I may jump ship with a loss .
Not sure if I’ve missed it but does this placing pay for the appraisal well & flow rates ? She may claim a discovery this time but will we know if it’s commercial without another fund raise ? Will we have to wait all winter to know ?
GLA
We are gonna need it !
What did stalker say ? “ dilution stinks “ & yet we have had more & more . No wonder he quit !
BOD have looked after themselves & their mates big time . No wonder the herd have hung back from buying - they don’t install confidence in them by their conduct . In fact I don’t think the ‘herd ‘ is coming at all this time pre spud. They will wait for results
Https://x.com/heliumone1/status/1419662784833499136?s=46&t=Yio2q8EEy0KoP9edq2LYPg
I think this is what you’re referring to Skittish - a tweet about the bubbles
kr
thanks for that - just checked both my hl accounts & i was offered new shares on both of them - just i didn’t see it because i was out .
if i’m honest i’m glad i missed it because i would of been tempted & im already heavily invested . 6p is not much of a discount- i would of been ****ed if the price had been 5p .
let’s see what tomorrow brings - at least it’s done now & we can move on .
Birthday bash today - missed everything- can someone please explain simply to me what has happened ? 2 placings ? How much have they raised ?
Thanks in advance & sorry for my request - too many San Miguels !
The crew have arrived!
https://youtu.be/CS9OO0S5w2k?si=0h8f5XqRYDZBI6aJ
LW
Fair point if the seller is definitely Stalker but we don’t know it is do we ?
I have been convinced since Tai 1 & 2 that He1 think all they have to do is put the right drill in the ground & they will get a discovery. DM gave me this impression & now LB is doing the same by her actions & timetable . Whether it is commercially viable or not is the all important question .
I’m expecting helium shows being reported during the drill & a discovery announced around the third week after spud followed by a raise before results .
What the sp will be along the route is any ones guess . I may be totally wrong but this is what I think they have got planned .