Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Problem there being that any good news will have no effect until the raise.
We have done this dance before, until the funds are sorted nothing will happen, if they sort it to close to the drill again it won’t help anyone.
No point making their job harder than it needs to be, they struggle with simple stuff. They need the shares to get the funding, how they do that is up to them unfortunately.
But the fact remains - no money - no drill and possibly no company.
If you are invested here make your own decision on the votes.
AGM is Thursday this week coming, if they are going to update us on anything this is going to be the week for it.
Not expecting much my self, this interested party talk is like the shallow drills they were going to do in the raining season back in 2021 after the first crash, was never mentioned again..
I thought noble said that the helium separated its self from the liquid of its own accord in the sample? Sure they put out a clarification rns on in.
Also they made it sound that it was more likely to have free gas higher up above the liquid mix helium making shallow drills a possible option?
May be wrong as it’s all clear as mud at the moment, size of the resource must have reduced at least for the areas we have drilled.
Personally I ain’t buying more until they sort the raise or funding. Even then I may just wait for results as I think this needs a commercial discovery now.
It is a good price for new people to buy in but for the LTH it’s painful.
We have to consider the chance that they are unable to get funding to carry on. That may well be why she has had to
Come out publicly and say they need funds and looking at all
Options.
In my mind the best way would be to offer it to existing shareholders only, if that fails or come short then take it to market.
The price we are at now is not really right, most have sold out or sold some so as to be able to buy back in at the raise price, can’t blame them really. Sure some won’t come back but I think most will once funding and drill is sorted with a plan to go ahead with, will we get back to 6p ?? I don’t know.
Surely the raise was priced in here at 3p, not sure why they felt the need to push this down more before raising.
If they can’t find anyone to invest they will go bust now, LB needs to go - the way she has run this has been a joke.
I am in a similar position and think the same xman, I half think if they had discovered it would still be 6p for some reason.
Going to hold tight for now though, knowing my luck the day I sell they will come up with something.
On the plus side the lower it goes the less of a loss 3% is each day :)
Was thinking Q1 myself, if it was Q2 then surely they would have just kept the drill at Tai and waited for the new drill bit to come rather than moving the drill to the new pad.
The biggest issue here is and always has been the lack of pr, it’s like they don’t care about the sp at all. They need to start communicating better and lift the sp all the time so when they need to raise we are not at the lowest value we have ever been.
While I believe they will find helium here at some point the question has to be at what cost and what price will the sp be for the long term holder ?
Feels like this next drill will be my last if they don’t change their ways, I don’t mind if we hit dusters, that’s just the chance we take but we haven’t completed 1 drill completely yet and at are starting to look like they are just not the people for the job.
Going to stay positive as they may surprise me and pull this off, sorry for the rant.
Joe80 - I think we will find out for sure then about the deal, seems to be a lot more going on in the background then we know about.
Coco- that 4 million saving is down to services packing up and going away and then coming back. But we have kept them on site to save on those costs. A bit like Invictus who kept the drill on site for a year as it was cheaper then getting it back afterwards - although no point chatting about it with you as you clearly just want the price lower to buy back in.
Coco, you are not invested here any more but continue to comment on them having to raise, they are just as likely to start drilling next week without a raise.
Also nobles results are due any day, maybe Sunday night - if they have free helium gas in the basement fractures then this will confirm what HE1 are saying.
We also know they have other plans with the government in the background for more drills.