Member Info for Dibs61

OK a quick bit of research. We would have to move to the main market first to be at least eligible for inclusion in the FTSE250.

Actually this has made me think… entry to the FTSE350 or 250…. What’s the threshold?

Sorry guys take no pleasure in being correct on my and the markets interpretation of the finances. No way will gross £750k cover the actual drilling too when they are commissioning a specialist geology team to do a lot of geophysical work, mapping, data and preparatory work. Perhaps £750k was the limit of what they could raise a few weeks ago.

I think they’ll def be coming back for another slug of cash within the next few months. To generate a MRE will require some drilling don’t you think?

Oh yes I’d forgotten US is closed today.

Tree shake again ….? Or Richie’s Big Short? 🤣🤣🤣🤣🤣

Roller Coaster ride today. Huge volume is def positive though. We had a few dips yesterday and then went higher.

MM’s are well aware what’s going on here. Why do you think they've opened up such a wide spread?

Be careful you don’t have your pants pulled down later.

Absolutely huge volume. 108m in first hour and half.

Look at those delayed late reported buys coming through too.

This is going one way. Up.

I don’t think he appreciates that Lenigas is smarter than he is.

Like a coiled spring here. I think the yanks are gonna do the heavy lifting this afternoon.

You need to see a professional RichyRiches. Both a professional investor … and a professional therapist. Big issues going on there.

Bamb - don’t we all want a good price? Look the results are decent for sure. But I think the market shares my nagging doubt about finances for further drilling? I’m not making it up. It’s what the announcement does and doesn’t say!

Def keep any eye on this.

Yes I think my initial hypothesis was correct. The recent Fundraising would not cover the cost of the establishment of an initial MRE through a further drilling campaign. Also, a concern that they have to reduce costs by bringing exploration in house.

Decent grades and results yes but question mark over the further need for finance. Seems like the recent placing was a stop at a bridge gap.

But are they? Serious question.

“ Following recent fundraise, the company is now financed to complete the work of advancing the structural model and planning the drilling campaign.”

But not the actual execution of the drilling campaign right? Just the ‘planning’?

I’ll settle for this as a first day invested! How long do we think until first drilling results?

Reckon so napthman1👍🏻and credit to you for the hands up. I’ve ballsed up myself too many times.

Moving very nicely now.

Kind of like a blue bloodbath lmao.

Money drip feeding in ahead of initial drill results (assays no doubt later).

Why is it so quiet on here? This drill campaign, as I understand it, is potentially transformative for the company.

Jeff - I absolutely concur with your view on Dennis and his word. It’s why my bullishness has cranked up a few notches since the HydroPulse announcement. This guy puts a lot of credence on credibility and trust.

The one thing I would say though is he specified the focus initially would be on small to medium size projects. I think ’ that rules out 100MW but I’d love to be wrong!

Heading for a pound? I reckon so….