Member Info for Gheko

Circa £90,000 trades late today and price ticks up despite showing as sells. Ore likely buys and recent strength suggests the uptrend is continuing.

So a few basics:-

On July 22, 2022, the Company announced its first financing with Anavio with the issue of convertible bonds raising proceeds for the Company of $19.7 million to finance the acquisition from Cuda Energy LLC of additional interests in the Company's Wyoming assets.

So nearly $20 million raised for an acquisition sanctioned by this board.

Only 9 months later

On January 3 and March 27, 2023, the Company announced further issuances of convertible bonds to Anavio and other investors for additional proceeds to the Company of almost $15 million. The Company noted in its announcement of the March financing that the Company was in serious financial difficulty and without such financing, did not have sufficient working capital for its present requirements

So they raise another $15 million without which they got no money to carry on.

Now market cap circa £500k with only $1 million in coffers and debts to creditors a whopping $135 million!!

Just a thought…….do the board not take any responsibility for the. Initial acquisition and the carnage that followed!

Suspension looms me thinks

Anyone got a link to the conference next week?

Https://total-market-solutions.com/2023/12/10-companies-to-follow-in-2024/

On Christmas Eve the Times reported that GSK looking to spend billions on respiratory health. Step forward BELL with the best COPD product in the world!

On Christmas Eve the Times reported that GSK looking to spend billions on respiratory health. Step forward BELL with the best COPD product in the world!

Interesting view over at share. talk

‘ Meanwhile, the biotechs are on notice for buyouts. Avacta, Cizzle, Poolbeg, hVIVO and Hemogenyx are all strong acquisition targets in my view — you can read all about them in pieces over the year. But UK valuations are cheap as chips, and private equity war chests have never been larger. Literally, they’re at record highs — and the pharma giants will also want to muscle in.

Here’s to a top 2024

Am I right in remembering that the recent presentation set out that the (I think 3 target zones?) are all in fairly shallow drilling areas? If so I guess at least the risk to the drill is less!

Got to be in the mix for the company to do a share consolidation considering they now have an eye watering 3.4 billion shares in issue! Maybe 10:1 giving a share price of 2.3p ish and 300 million shares in issue.

Hate to say it but the share price action suggests problem getting anywhere near the funding they need to carry on drilling.

Don’t rule out suspension of the shares as material uncertainty of continuing as going concern. I lost a bit here but so pleased II saw the wrong messages of this BOD soon enough.

Negative Times article today in personal investment column. Reiterates binary nature of the investment and the fact that they have run out of cash. Clearly the author very fed up that he bought at 10.1p!

So 315 million shares can be issued let’s say at .0075p would give company after expenses little over £2.3 million. Probably enough to drill next drill at Itumbula but no more and without any more breakages.

Terrible Q&A in my view. I don’t get the line that they had to inform the market they needed more cash. Seems nonsense to me.

Last roll of dice if they get a heavily dilutive placing away for this drill.

Thank you for posters and your lovely thoughts. Truly touched. Puts things into perspective.

Daily you can read some posters knocking lumps out of each other. Yet isn’t it more simple and kind. You invest in a company thus support it to find cures for these horrible diseases which touch all our lives.

Yes of course you can make money on your investment with the success of HEMO. But in the process you are supporting the company to find cures and save lives. Be kind to each other, find cures and yes make money for risking your money and then do with it what you want. Me I’m happy to invest in cancer research and the likes of HEMO to reduce the suffering. Good luck all. Be kind to each other.

I posted a while ago I am invested here because my brave sister was battling ovarian cancer. Sadly she has just passed away and the funeral is this week.

The very week that HEMO announce this amazing news. Would give anything to have my Sis back but hope that Hemo smash this and save tens of thousands of families from the pain of losing someone to this cruel disease.

Go Hemo!

So at least a 3=4 week gap before a possibility of next drill. With the need for more parts for the rig (just to enable the next drill) plus engaging a hydraulics expert plus more spare parts required to drill deeper at Tai and the problems thus far must mean that funds are going t9 be required in short term.

No bad thing if they can get it away at a decent price but likely to be in range of 2-3p imho. Best get it done and out the way then we are back to focus on trying to get a commercial discovery.

Fabulous update today with huge upside coming. Bit that has been missed from commentary is the mention of potential further acquisition as they did with the Canadian purchase.

Truly mind boggling the upside here! No wonder the price shot up after the placing. Good luck all, it’s going to be life changing for many

100% plus rise and not showing on LSE leaderboard!

You are going to drill slowly slowly if you have a huge amount of gas (helium) in the hole in order to manage the hole carefully.

Let’s not forget this is massive on a successful drill so why not manage the drill with kid gloves.

So Noble ready to drill too. Great week for HE1 to announce TC and strong helium shows

https://www.investi.com.au/api/announcements/nhe/4e6696f8-a5b.pdf

Excuse the pun! So a part on the drill fails and needs replacing in a remote area and it will take less than 2 weeks to replace it.

Meanwhile the drill is progressing as planned and about to enter the key target zones.

What’s the big deal folks? A slight delay and then we enter the key zones.

Thanks for the cheap shares at 4p today. Already in profit on those but holding for the multibagger. Ludicrous reaction today. When folk look back at 4p chance to top up when this story unfolds there will be folk thinking ‘wow….imagine if I had bought at circa 4p +’. Still a binary choice. Upside……phenominal