Member Info for Glib

He's been at the HiliYum
https://www.youtube.com/watch?v=4Uwi7R2Opok

Good call by Wyn. 21.5p breached, now we just need to hold above that.

It gapped up just after I posted at 8:35 but then corrected, so no reason for a retrace. The trendline for a pennant completing on the 11th meets 21.5p at 13:35 so we may see if the price will remain move from there at that time.

I'd agree with that Wyn. Time to put the hardhat on and charge through - safety first.

The last time we were above 21.5p was the 4th and it's trying to stay with the current baseline trend. Getting past the downward trend of the first pennant line (currently 21.15p) would be the first barrier. https://invst.ly/v2u5b That all but disappears today - I think that'll be the last line i'll be adding before the spud. :o)

It's getting tougher to chart this - I'm running out of potential trend points. There is plenty of variation for the price rising but the baseline I have for the pennant ending goes back to a 12th April high whose trendline became the rebound point for the drop - and has been hit a few times since then. The 9th & 11th are the potential endpoints for pennants I have then need to rely on horizontal hi/lo lines.

At least it's nice and colourful. And yes, I can follow it... for now. The sooner this rockets, the saner I may stay. https://invst.ly/v2ptw

I don't understand any of this.
The have potatoes but cover them in gravel, then wait for the spud? To do what?
And what if the possum gets hungry?
All that to get a bucket of chips...

I think oilers are usually around 12%-15%

Source - we know helium is there from the seeps, so that is derisked
Migration - derisked as we know it is in numerous places
Reservoir - from drilling done in the 80's, they know the rocks have up to 30% porosity.
Trap - from the seismic, the vaulted targets at Tai are a must drill.
Seal - we won't know until we drill if the gas is moving out through the fault or if it is sealed.
0.9x0.9x0.7x0.7x0.7 ?

Original drill target was mid May.
After completion of the infill seismic work, the location for the drill was moved to Tai as this became a "must drill" location. There are stacked targets which allow for a greater chance of finding traps.
A new road had to be cleared to get to the new site, hence the 2 week delay.
Twitter #he1 has shown videos of the site being cleared and levelled as well as gravel for the pad being laid.
News of drill I believe will be this week.

Reallyden, this question makes me so mad! Because I can't find an interview that talked about the difference between using a mineral rig and oil rig - which mentioned being left with a "bucket of chips". I'm sure the interview would have gone into more detail on the drilling but I can't find the bloomin' thing. I have even looked through my internet history and filtered it to see if I could find it, and also checked reddit and twitter.

(The interviewer sounded fairly young - not one of the more common share interview sites. The player had a yellow or light orange panel/foreground. I so wish I could find this again.)

In the first investor presentation, David said each hole could take about a month to complete. Probably less as they are now using a larger rig than initially sourced. From what i have read, a diamond drill can complete up to 200-feet per day of drilling. That's around 60m daily at most.
This is the rig they are using. https://www.mccullochsdrilling.com.au/new-equipment/hanjin-d-b-45-cbm

1. Does the drill team need to case the hole, in stages, prior to drilling deeper?
From the drilling videos I have seen, it is a fairly structured process without much pause. The casing is passed into the machine which raises the casing and places it automatically while continuing to drill.

2. How many drill days (approx) before we reach the first zone of possible helium shows?
The first helium shows will be in the mud, but as the drill won't stop until it reaches the required depth, there is no way to really tell. We don't know if the mud will be tested daily, twice daily, every other day... There is up to 30% reservoir porosity, so it depends on what that space in the rock is made up from. I am not sure where the seal on the tai geology would be, but I would hope to hear some thing during the second week.

Hi Wasendo.

I still can't find the interview I had mentioned to DBD. I've looked through most of them now. I'm sure it was an interview now as there was mention of "a bucket of chips" that is collected when using an oil rig compared to a mineral rig. I remember thinking at the time a bucket might be a bit much, but I was hungry and would give it a go.

I'm starting to think that maybe I was listening to someone else while researching, but I was sure it was David. The core samples would be taken during the appraisal drilling (not exploration) which should also give us a better indication of the geology.

Hi DBD. Not sure where I read or heard this, but I thought as we were using a mineral rig rather than an oil rig for drilling, we were extracting the entire depth as a core? Rather than ending up with a bucket of chips - it was something like that I recall. I'll have a look later to see if I can pin it down.

@bigbench I think the seller will try to finish before the drill starts, but there will also be more people who were not wanting their money tied up in a share until a few days before news.

I believe that weight of movement will increase the volume of shares traded and move the price. Fear of missing out will play a factor at some point so a higher SP may be possible before drilling starts.

The SP will move on news of spud, then there will be a period before any further news which may see fluctuations in the price. It has been quite a ride the past few months, but I believe there is more to come.

For around 2 weeks since the 17th May, we have been bouncing between 20p & 22p. These were the peaks on the days following the fall from 24.4p. 20p was the right shoulder of the Head and Shoulder formation that completed on 6th May; although we sometimes dropped to the old floor of 19.53p. We bounced between 17.5p and 20p for about a week before that. https://ibb.co/6s65sM1

As we are so close to the drill, I don't think there will be much movement although a new range of 23p and 21p (or 20.89p) is quite likely. The trend line (orange dashed) between the all time high and peak on the 27th when we momentarily broke 22p may act as a weak support which could enable us to push past the 22p resistance. It acted as a support for a few hours and the SP then followed this trend level until the last 10 minutes. The next support line is 20.89p so we may rebound off of this and get beyond 22p. Not sure it will happen tomorrow, but with the drill coming closer, I would imagine the seller will be trying to complete soon which will also give us a boost.

Hoping for news of the drill on either the 7th or the 9th when the pennant formation ends (on the 5 min chart).

Yeah, i had read some research articles of how they believe helium accumulates and moves either with groundwater or natural gas deposits. I had wondered if there was some kind of projected Helium "route" displayed somewhere. If the seals are all okay and the structure at Tai is capable of storing the Helium, then it is also possible that while we are extracting it, the highway will also replenish some of the supply.

Are we there yet? ?

Was there ever a map released detailing where the Helium seeps were and the % of Helium?
Just wondered if there were any at Tai. I recall there were seeps from Itambula Springs which was fairly close, but they were also analysing micro-seeps to determine the migration of the Gas in the region.

There are only 10 type of people that understand binary plays.

It's like a bad soap. The pennant completes on the 9th at... 20.89p
https://invst.ly/u-g4p

I have mentioned 20.89p alot recently - both as a floor and a ceiling. Still hoping for news by the 7th though.

lol I know DM said early June, but...

I am hoping for news by the 7th. Even that may be too early, but if we aren't drilling by then we may be given a date for the drill.

I don't take my charts too seriously and many of the techniques that some use make no sense to me. For me it is more of a rough guide as to what has gone before so we can see if or when anything has changed.

The bottom of that 1st channel had not been broken since April - which for a trend of that gradient (23°) is quite something. Now that it is no longer holding true, I look at what has changed. A better site identified and potential of a larger resource. The delay of 2 weeks I would just expect the price to be walked back before progressing again. There has been a recovery, but slowdown of the rate of SP increase; with the last week being almost sideways movement within a 1.5p range. I see this as the calm before the storm.

Since the SP fell from its 24.4p high to 16.75p, it has recovered about 50% of that. It has maintained a trend increase of around 8° since the fall for the last 3 weeks. Only days until drilling starts and everything seems to be positive. They are moving this along really quickly... but it still feels like its taking ages. lol. Can you tell I'm anxious for the drill results.

While I don't know what the SP will be doing over the next few days, I'm not too concerned about any fluctuations. I'm not just investing in the potential Helium, but the business. And I'm quite happy to be holding here.

There is no way to determine the amount bought and sold. Even the note of buys and sell in the trades section is just an estimate based on the mid-price of all the brokers at the time of transaction. It may be because to volume of trades has reduced that there is not as much demand, so the price is reducing.

In the lead up to a drill on a potential resource of this size, there will be more activity as the drill date gets closer, but when that will be is open to speculation. Most traders try to avoid unknowns like that but i'm sure there will be a few willing to risk the exposure.

Not a good day for my charting today. From about 8:30 we went below the bottom of the 1st channel and have stayed there. We might start to see the SP rise as it hits another trendline, but it looks like old faithful may now be gone. That trend line has held true since 1st April. https://invst.ly/uz1z1

It might just be one poor day, but only time will tell - we broke through the line on the 24th, but nowhere near the extent of today. Still plenty of upside to come in my opinion, but possibly not at the same rate of increase as previously seen. https://invst.ly/uz21b

The floor at 20.89p seems to be holding and there is also resistance at 20.5p. Ceiling for now may be 21.7p.