The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
We are still 6 to 8 weeks away from spud, we need to get a few weeks out of the way before we see any substantial raise.
They raised at 10p last time and we burnt through all those shares with out any issue. I would be surprised if we don’t reach mid 20s, for all the reasons we all know - price of helium more than doubled, resource size 60% bigger, better drill …….
InvestingGoals - noble still have to raise money which I believe is at 18c - this is going to be the main reason they haven’t moved - well that and no drill on site.
Can’t remember exactly when that is meant to be happening but think it’s around the end of this month.
Don’t know if the Lassonde Curve will apply to us, think someone will want to buy it from us straight away, which will then increase the share price.
Guess the main question would be if they sell the company or just the discovery and he1 move on to eyasi and balangida.
Even if we did go into production I think this would be fairly straightforward and quick to do.
12p - 14p is really low, personally think we will smash 20p again. We own a drill now - helium price has more than doubled from last time.
The risk / concern of a duster has reduced hugely with all the new data and the fact they can drill as and when they want to.
It’s only a matter of time now until they have the discovery and we are talking months not years. Next year we will have more drills in other areas.
Agree legalwolf, hopefully we get a more professional operation update tomorrow rather than one that looks like she had just woke up. Nothing in that update has updated us just left more questions.
I would like to know why we haven’t used the predator rig , surely they could get that to site faster if it isn’t being used elsewhere
Don’t t forget noble are raising more money at 18c in a few days/weeks. This is more than likely holding their sp back.
But yes agree, it’s going to be hard getting back to double figures the lower we go, which is why they need to care about the sp - they seem to have a attitude of - well we don’t need to raise so it doesn’t matter.
I think people are talking about forcing an emergency general meeting not just here but other platforms too.
HE1 need to come out fighting next week, LB needs to explain what has been going on and what the next steps realistically are asap
Looking at this shxx show slightly different, we could say at least we know there is a drill available to us which is going to be in the area once noble are done, which is closer than we have been to one for 2 years.
Also it may be better to drill after noble, if they do hit then our sp could break out above anything we would reach going first without a discovery
The only problem with saying nothing until a rig is sorted is that could / has go on for a long time, at some point they have to update us on what’s going on.
Clearly we have some issues or it would have been sorted, I think they are probably trying to get a plan B sorted before updating us.
I think we are still on for this q3, they are doing the pad and I am sure they would have prepared for the drill with noble to go wrong.