Member Info for Glib

You mean you've not been reading my posts?
gutted!

You don't think this will go back up like it has every other day since we have been waiting for an RNS?
I mentioned the head and shoulder formation yesterday (only now it has 5 heads - more like a hydra) and many traders use charts to determine when to get in and out of shares. No news = sell. End of formation (and news due) = buy. I think this will rebound around 11:10

The head and shoulder formation has now completed, but current trajectory may take SP to 23.4p.
Resistance below this at 23.2p and 23p.

Helium is used to find leaks, so way too risky to do that here.

I think it may bounce back up in the afternoon. The chart could be about to complete a Cerberus pattern.
Okay, I made that up, but basically a head and shoulder formation where there are 3 heads rather than 1.

If we go below 24.5p, we could see it retrace to 24.1p. There is a resistance line there and at 24p so don't see it going further than that. Sentiment will bring it back up, so nothing to be concerned with. I reckon we get back to 26p with an hour of trading to go.

So you're not bored tonight Dai, here's another videos for you - some interesting pieces.

[Lecture] - Detailed explanation of various well logs and stratigraphic framework for estimating reserves and assisting production.
https://www.youtube.com/watch?v=PJmMSgM8GN8&t=304s

I don't think there will be any more downward movement from the current levels.
SP will be either flat or rising from here on out according to the Charts.

Unfortunately for that to happen people need to say " I believe in TA " three times, which may be a big ask here. :o)
https://invst.ly/v9mrb

Hopefully we only see numbers above 26p from now on. https://invst.ly/v9krj Although the chart shows that at 13:30.

I've been watching lots of youtube drill videos. lol

I thinks its to do with pressure and retaining hole integrity. We also need to protect groundwater from contamination, so that part needs to be sealed off and protected. https://www.youtube.com/watch?v=Q0PG_O_u2tk=169s

I think if they are changing the size of the drill bit and are going to case the borehole down to 400m, it makes sense to take readings to determine whether the helium show was an anomaly or proof of a reservoir as well as determining what rock type they will be drilling though.

It took an hour less than I thought to get back to this level. I'm sure there will be a bit more trading today, but hopefully not as much volatility. https://invst.ly/v9iwj There is definite potential for a new ATH today at some point.

Exactly. Knee jerk reaction just about over. I think it will bounce between 25.5p - 26.1p between 10:00 to 13:00 before rising again. Before that it will be gradually rising from 25p.

Are we there yet?

I have tried to declutter some of the lines off the chart. I have added a little to show where the projections are coming from.

Long term - since April, we followed a fairly steady trend for around 2 months. The old monthly channel may be about to make a comeback. https://invst.ly/v9d3r

Short term - the current channel we are moving in has trendline of around 55° so this should hopefully reduce rather than us having large fluctuations in the SP. The range tomorrow (assuming no Discovery RNS) I believe will be between 26.1p - 29.7p. Should the market look on the lack of an RNS as a negative, we have resistance around 25.5p, 25p and 24.11p https://invst.ly/v9d8a

We have a show in mud but this means little in the grand scheme of things. There may be He coming from a vent that explains the reading we got.

The wireline logging we are doing to 400m will determine what is in the ground:
the borehole dimensions and rock type formation (Gamma ray)
porosity and density of the rocks and the level of saturation which should indicate the potential reserves / volume
also resistivity and pressure to try to identify what held in the rock

The wireline does not measure permeability / flow, so will only tell us if a He is trapped in the rocks. This would however be classed as a discovery. Once the 1200m is drilled, we will use the drill stem tool to determine the flow. Further wells would provide a a Lithography of the rock formations and their depth which would assist in determining the reserves.

12.3k for cap gains tax allowance.
All of my shares are in an isa, so I can stick it to the man.

If we can keep above 26p, the next resistance point is old faithful - the monthly channel.
It didn't go below that for about 2 months. https://invst.ly/v8uic

So do we stay at the 24p level, or do we follow today's trendline? crunch time. https://invst.ly/v8fvt

I think Blubay is arguing that some investors don't care about the company or even their product as long as they have made their target profit.

This is still al wildcat drill after all.
It is possible that Randy tried some of that gassy Helium beer and the mass spec was just picking up some... effluence.

Both correct.

We will be checking the mud from start to finish of the drill. Hopefully a few more Helium shows to come.

When doing Wireline logging, it is a continuous process.
The Tool Suite gets lowered to the bottom of the hole.
On getting raised back up, a continuous stream of data from the various probes is sent up through the wireline until it reaches the top. Not too sure if it is only run once though - I assume it is.