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RRR was not the share that did 35 to 1.5. Sorry. And it was a sustained loss over about 2 years. It was so painful to have in my portfolio numbers that I did an immediate sell and buy-back because I couldn't bear to have that staring at me in the face. It was really bad. but since then the value has gone up x 4, but x4 is not enough.
News, not sure what your point is. You asked if I was at a loss here, I am. I'm holding on for now as the big reason to sell (release liquidity) has gone for now. I'm not a trader, but luckily, it was only one share that did 35 to 1.5. I have another 2 that are not doing so well, but I think they'll come good. I'm not here ramping shares. I was just replying to your open question.
I stoopidly followed some egit that ramped on HE1 about 10 days ago ... What a mug I was. I wanted out yesterday but couldn't get out - pressed requite abour about 20 minutes... Wanted to get HE1 yesterday when it was a 1.8... :( :( :( Oh well..
I like what I'm reading. I'm in deep here, like oil-well deep. I think if I dig any deeper, I'll be hitting magma and structural integrity of my portfolio will fail!!!
They say a fool and his money are easily parted. I might be a big fool and maybe I shouldn't have put in any more, but hoping that averaging down at this price wasn't a foolish move... Might have been. Who knows. Might as well get hung for a sheep as for a lamb... Only play with what you can lose. I've lost 80% so far on this share. Adding in now reduced my average to 4p. Will it ever get back to that level? Quite a few things need to line up. AIM is speculation aka gambling. Even FTSE250 shares involves a gamble - just there's less volatility. All IMHO. DYOR. etc etc.
Chesh, you're correct.
James Smith, Chairman of Helium One, commented:
"The year under review has been dominated by obtaining a rig for the Company's Phase 2 drilling programme. Post year-end we were delighted to acquire our own drill rig, giving the Company a greater degree of optionality and an additional revenue stream, as well as spudding the Tai-3 well in Q3 2023 as stated.
"The year ahead promises to be an exciting one. We are fully funded for our ongoing drilling campaign at Tai, the results of which will soon be published, and are funded for the follow up well at Itumbula."
When posting about events, please make sure to state facts, not assumptions.
5 October: RNS announced Drill breakdown – expected 2 weeks impact.
16 October (11 days later) – RNS announced the resumption of drilling. “The Company will now continue to drill ahead to the planned total depth ("TD") of 1,100m”
7 Nov 2023 07:00: · RNS announced "Tai-3 well has successfully reached a TD of 1,448m measured depth ("MD") having encountered weathered crystalline Basement"
The fix was completed sooner than their announced base case - better to allow for a margin of error - TIA after all.
FOLLOWING IS MY OPINION:
The announced planned TD was 1,100m (based on desktop analysis), but they in fact needed to drill to 1,448m to get to their target. True, they needed to drill 30% deeper than they anticipated - but that's geology for you. Until you get there, you're not going to know. Unfortunate, but it happens.
So far, IMHO, the communications have been very good. Quick, clear and measured. IMHO, I do not see any of it as having been exaggerated or intended to stoke up investor appetite etc.. I just hope their continued expressions of "delight" and their smiles on X posts are genuine. DYOR.
I don't know why people are bailing. Drilling has risks and while this is a bump in the road, "the drill pipe can still be rotated and drilling fluid circulated so wellbore stability remains good." It's not like an issue down the hole which has much bigger cost implications. I'm no geologist or mining expert, but I've worked with industrial equipment enough not to be concerned - just wish I had more free cash to invest on the dips from spooked investors. DYOR.
I'd rather a nice slow and steady rise. Rapid rises means the MM speculate more. Slow and steady means they find it harder to predict if they're going to be able to get back in at a lower point - but that's just my own opinion.
LS, I nearly did the same thing. However I'm still down something like 75%, so this is hardly going to have me breaking out bubbly. If it can continue, then maybe my idea of averaging down (within the hour so after the most significant rise) was a good idea. Two sides to each decision: Don't throw good money after bad vs you need to speculate to accumulate. I just almost doubled my shares though. Not going to make me rich. If it went to the wall, it won't make me poor either.
Just My Humble Opinion. Would love it to go stratospheric, but that usually results in burnt fingers. Steady as she goes would do me fine. Green-eyed monster is lurking - but good to keep it under control IMHO.
Why can't people take a chill pill. EVERYONE posting on this BB will be wrong at some point - even WB has bet on the wrong dog at points. Nobody is infallible. There are external forces (including geo-political) that are impossible to predict. Posts are only relevant for the point in time that they are made. After a day or two they can be considered as 'historical'.
Relax.
Given the share price volatility and the risks involved, I'd expect there'd have been little interest from investors had there only been a 25% to 50% potential upside - because you need to bear in mind they have legal and other costs to bear too. IMHO, they will likely be hoping for at least 100% sp increase. But what do I know. I'm just a punter. DYOR.
Passiton, if you are speaking to him, do mention to him that he's missed. People being rude are to be ignored. Their comments have no value. I don't always agree with everything HFB said, but all contributions and research is welcomed. I personally know that some people get under my skin and I find it hard to let go, but it's important that we do. Life is too short.
Good luck all - and have a little patience.
I'm actually surprised (and relieved) that it has held up. I fully expected it to drop to 0.12 because of people selling off the shares they got for 0.12. The fact that it did not fall as much indicates to me (and what do I know) that only a limited number of shares were sold that were generally mopped up quite quickly - because if a huge volume was placed without corresponding offers, then the price would have dropped back more. Some may have taken a profit as a profit. I didn't and won't this time. buy for 0.12 to sell at 0.14/0.15? Not enough profit for me to be tempted. Think: The placement was only for £5m, so the profit on that was only ever going to be £833k if all the shares purchased were sold at 0.14. Lots are holding for a much bigger pay-day IMHO.
What do I know.