Member Info for FlySeaLSE

There is a presentation tomorrow and nothing significantly new can be said unless there is an RNS. Being so close to spud I cannot believe that we will not have any new information. So the possibility of an RNS tomorrow is very high.

The share price before any shallow drill results would be low. Let's say 10p. The share price after the completion of shallow drilling would probably be 50p or above as it has high chances of identifying a trap. It makes sense to do it after the shallow drills where it will be 5 times cheaper. (Numbers are just examples)
If after the shallow drill you have a discovery why would you dilute the shares if you can just borrow money? (Again this is stated by DM)
If you have a shallow discovery you would probably wait for the big drill results too.
So placing seems highly unlikely but a lot is dependent on results. So we wait for results and based on that we act accordingly.
My main critique was on the word "Placing" not on the fact that we would need more money down the line.

AT1 One line you need to remove as it is not true based on any information we have received so far is the "Private placement". This has never been mentioned so I am surprised you have it in your list. The company is fully funded until the completion of the deep drill. DM has said that numerous times. Please note it as it is misleading information.

There is no point trying to predict or guess anything over three months and certainly put timings next to them other than what the company is stating. The sequence is correct except from the appointment of contractor. This can be announced anytime in the sequence as they were looking into it from September. In fact they were looking into all this since August as they were stated in the Hannam report.

Trek this announcement is for the 2d seismic that will be used for the deep drilling only hence the statement of the conventional rig. ERT/MT will be used for the "pea shooter". They are two separate campaigns. When the ERT campaign starts they will mention the "pea shooter".

Note: WIth time and data the "pea shooter" might end up being more significant than the deep drill. We know Helium is being generated and is migrating. If the PS strikes one of these "veins" we might be able to prove that almost unlimited Helium can be produced by a small rig. It is just a theory but it is a possibility. This is the biggest advantage of HE1.

Excellent news! What I would like to see now is the commencement of ERT/MT survey as this is the one that will affect the SP more.

Someone stating that the SP will drop to 6p without stating a reasonable range of time that this would happen is not a prediction, it is just air.
Some people stated £5 and some 7p. In two years time who would be correct? How about in a months time?
I think most people do not like any of these statements as they are not followed by any reasonable logic behind it . Also a lot of them are followed by language that tends to focus on emotion which is a technique that derampers/rampers/short term traders are using.
When I see any of the above then I ignore.

Yesterday I said that the SP was at the bottom.
Can I have my bragging rights now please?
Just happy to see it going up again!

Chablard, I was not talking specifically about you. Please don take it this way. I was talking in general about raising funds. I think its too early to talk about it. We will definitely need to raise money as we need to build a factory. The effect on SP is purely based on what we will find on shallow drills.
If we have a discovery or two on shallow drills raising money will have almost no effect on SP
If we find nothing then HE will be on low funds and the deep drill will be more crucial.
The time to talk about this subject would be close to the end of shallow drilling.

Big possibility the bottom has been reached.
1. Announcement of the timeline has been made so anyone that couldnt wait has sold already.
2. We know that announcements for the start of seismic and ERT/MT could be made anytime now that will possibly raise the SP.
3. Additional announcements of securing the rig in May could also be made.

The possibility of raising more funds is extremely unlikely. HE is well funded till the next drill. HE will wait until the shallow drills have been completed as a shallow discovery will bring the company to a better position if they ever need funds. Also the company can raise money by borrowing. Dilution is not the only way!!
So please stop talking about dilution as its not going to happen before the shallow drills have been completed.

Note: Trolls have stopped appearing talking the SP down as they also know that the SP will not drop any lower and have already taken a position in HE.

Aimtrader "do you think he'll RNS the start of the seismic?"
They did on the first seismic so they will announce the second one too. They seem to be always on target with their time estimations therefore I will not worry about it.
I am more keen on the ERT/MT survey since its the one that will kick start the shallow discovery and bring the money ;)

Taken from their document
" To produce helium, the methane needs a market. Higher helium concentrations therefore mean less methane is required to be produced. In many countries the low concentrations of helium reduce their ability to recover the helium"
All the above means that they may still have a problem producing big quantities. If they do they have to pay a higher price for the CO2 produced.
Helium One still has the biggest advantage of them all.

"I would rather he doesn’t do bullish Twitter updates about completing discovery work that TC James started years ago or gives out interviews where he is talking to customers about taking the gas to market."
BigPlan I think he knew that there was a discovery from the data that he had so he was posting positive messages. What he didnt expect was that he wouldnt be able to test them.
Testing shallower targets gives him something in the bag (money and time) and then he can continue with the rest. I agree with this strategy. Once we have a modest discovery and we have a minimum of £1 sp then he can go for the big fish at deeper targets without any complains from anyone!

As a person that has huge experience on inhaling helium from party balloons, I can confirm that the video is fake.
You need to inhale a big amount of helium to be able to have a squicky voice. The average lung takes about 2.5 litres of airs and it lasts only 3 to 4 seconds.
It's impossible to take that amount of helium from a whole beer. Imagine if you take only a sip.

A lot more buys than sells but SP stays the same. Probably the big seller is gone and will shoot up soon after lunch!

Vol. Sold 1,119,298
Sold Value £291.02k
Vol. Bought 1,798,565
Bought Value £467.63k

Did I get that right Nate-PI? ;-)

BigPlan Thank you.
Your valuation was an excellent post and ever more exciting for me the acquisition one. I dont think I would have gotten the same concise information from searches in the net.
I have saved your posts to return to when needed in the future.
Thank you

Nate
You are correct. Its far better and I have been looking at it since. But as a data person I like to understand the strengths, weaknesses and how the data is derived. Today we had sharp rises for a while so I bet the difference between buys and sells will be bigger than the stated.
Also the MMs have a small saying on that and I guess this is what you are referring to. The MMs are putting the price a bit higher to capitalise on sentiment during the rise and then pull it back at the end of the day to reflect reality.

Nate-PI
You were the one when I asked that showed me where to get that info (Thank you!!)
After your explanation one of the frequent posters (don't remember who) stated that this information is based on the spread on the time of the sell. This makes this information an approximation.
So when the SP stays relatively steady or it increases slowly its accuracy is good. However when the SP increases or decreases rapidly as the spread and the SP varies the accuracy decreases significantly.
I have noticed that too! During sharp rises I see a lot of sells that are near the mid point. Another problem is that if a buy is recorded as a sell then the effect is doubled.
I would not count on this number during sharp rises and falls but during slow movements is pretty accurate.

Probably this is the reason. Everyone found out that there is Covid!!! :-)
https://www.theguardian.com/business/2021/jul/19/global-markets-fall-amid-pessimism-over-soaring-covid-19-cases

Thank you BigPlan
I had my own "rough" calculations but never got round to understanding the reports evaluation.
Thank you for making it so simple.

"So why no gas chromatograph quantitative readout?"
There is one that's how they know that it was increasing as they were drilling down. They cannot announce it as it will be a number that is not going to be final. This number was increasing but had to stop due to the drill problem. You have to remember that they will never have a running commentary on the drill and the information that they give should be final and correct after verification. If they don't do that it will be chaos. The stocks are regulated.