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Helium One is currently working towards an EWT in Q3 2024 on Itumbula West-1 in order to confirm flow rates and the fluid composition. Conditional upon these results, the Company will then be in a position to advance discussions with off-takers and industry partners and will help determine the design of any future production facility.
Nothing short of a fantastic RNS dropping will slow the decent, remember lots will be selling into the 1000% rise or getting out to trade elsewhere for a while. I’m not interested in getting back in here until below 1p now. Traded it for good profit but not prepared to tie up funds here will sentiment how it is. Holding onto AIM in the hope of recovery is a bad idea especially as they are 100% going to have to do another funding raise.
It’s defo commercial and a strong AIM play. Never understood the buy and hold regardless mindset, far safer to trade in and out. Agree on the retest but I’m pretty sure buying pressure will hold it from going below placing.
Long term holds in AIM shares are historically risky. Winning with AIM companies is all about timing and being nimble. This could easily do 10x in 2 weeks again like recent gains but it’s very clear that it is now going to be driven entirely by news and not sentiment. I cannot see anything other than a positive RNS to keep this from sub 2, that doesn’t detract from the companies promise in any way that’s just aim
Maybe not but I’m pretty sure that I’m better off trading elsewhere for a while, if I get back in great, if not that’s the game. I do think He1 is the most exciting stock on aim right now but I’m slightly worried about the short term and I’m happy to trade in and out where I can. Been a very profitable swing trade for me
I’ve been involved in explorer companies where they find a fantastic asset (like. hE1) but cash burn and delays with Gov permits, finding development partners destroyed shareholder value. This next stage is going to be incredibly difficult regardless of how good the find is. Remember big players can sit back whilst they blow through cash and get desperate so they can get a much reduced deal.
The risk reward for me is enough that I am prepared to go pretty big here but to think it can only go one way? I can list dozens of cautionary tales. I still own shares in MIRL ffs!