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@ bitel911 Not sure I mentioned 14p but would love it if it got there. I think that was news
The current price is 1.225 pence
On trading platforms that would probably read as 0.01225 (this would be 0 £ or GBX and 1 pence plus change)
Or to me 1.225p
In August 2021 when the SP reached 27p, the MCap was £170m
It was a new share and lots of excitement. It had 606,052,747 shares at that time.
Now it has a MCap of £41.6m and 3,402,377,430 shares in issue. Dilution Factor of 5.614
27p would be around 4.28p with the current number of shares.
When we hit 2.2p today, this was what the SP had gapped down to in December, so that seems to be a strong ceiling for now. I'm still expecting the SP to rise although more gradually as we are still a few days away from news I think.
SP of 2p would be a MCap of £68m and 2.2p is approx £75m.
To get back to 27p range, today's equivalent would be 4.81p
If we were to get the SP to 27p without more shares being issued, the MCap would be £918.6m. That may be a bit of a push right now.
The most important thing in investing is to protect your capital.
You have invested £457 in total and taken back £200 when you sold.
The first thing I would look at is whether you intend to be a trader or an investor. Short term gains or long term returns. If you have faith in the company and believe the results will be good, I would still take out £300 at some point to ensure you are not losing money. That hurts much worse than missing out on some profit.
If you intend to hold until the results, even if the results are positive, the price may fall. Are you putting these in the bottom drawer or going to actively monitor the price? If the price fell to 1p I would sell some to ensure you still got some profit - you could either reinvest later or take the money. If it rises, you could sell some at 2p to ensure you take some profit. What I take is usually dependant on the amount I invest.
Take a look at the Tai-3 results RNS.
Background 5ppm
Wireline results found over 6 times background level
Sample result found 8320ppm in fluids.
IT W-1 found over 20 times background levels (diluted in mud logs). Waiting to see what wireline results are and if it is in free gas. The Hydrogen is a bonus.
This is totally wrong.
Helium no boom. Hydrogen - that go boom.
https://www.youtube.com/watch?v=yMqYQKMmd3U&t=13s&pp=ygUPaGVsaXVtIGh5ZHJvZ2Vu
I'm quite good at confusing people. Hopefully this makes it a little clearer. https://invst.ly/137k54
It hasn't gone below the low trend from a few days ago. The 2.2p it hit today is where the market gapped down (opened much lower) on 5 Dec when we got news of a funding update and January spud. That will be the new resistance level all being well.
Not so much rallies and tree shakes - more trying to find an even keel. It has basically followed a flag pattern after the initial excitement with the increases and decreases becoming less pronounced. It has been on a slightly downward trend but should finish around 1.4 at worst. It has bounced off a trendline from the 25th and 26th lows twice and that is an upwards trend. I think the resistance is currently at 1.37 and the SP keeps getting pulled to that. Once it crosses the trendline, we should see some movement.
Hydrogen background levels are about 0.5ppm and we had over 2,000 that. What we have is classed as white hydrogen because there is no co2 released in its creation. As fossil fuels get used less, hydrogen prices will go up as supplies decrease, but it is easy to create. It will all come down to cost of creating it - we have it in the ground. Not looked into it further though.
Current trend lines are showing the SP finishing between 1.55 and 2.1 today. Next Range is 1.35 and 2.4
We are reaching the end of a flag pattern, so there may be some start rising in the next 10 min. Not sure how much volume there is right now.
I thought 2p would be a ceiling, but judging by the ease of movement in the SP, i'm not even sure 3p will show resistance. Plenty of momentum driving this right now. Not what I was expecting, but definitely not disappointed.
This site has a 15 min delay on prices.
We are currently sitting bang in the middle of 2 trend lines. We bounced off the top trendline just before 13:00 and the fall was quickly halted. Still plenty of upwards pressure and set to end around 1.43p today.
I'm pretty sure the seal is not an issue as they found at Tai-2 that thin clays was enough to keep the Helium contained in the system. Do we have a trap? Hopefully having drilled the 2 faults we will have good pressure and volume.
While technically correct, this is data taken from the mud logs. If you would like a comparison, Tai-3 was over 6 times background levels which wireline testing put at 8,320ppm. IT-W-1 is 20 times background levels. We are waiting for the wireline results which may be sent to labs for confirmation.
It looks like we are above the recent price trend right now. We will hit that trend line at the current price by 13:00 so we have some time to build a support level here. The trend line has us finishing the day at 1.1 so that or above would be amazing. Even holding 1p is not a bad price to rise from.