Member Info for Glib

Market has this at £77M. What should the company be valued at with this find? crazy stuff. Time for a bounce methinks. 3.21 is the first target.

It hasn't been spoken of for some time, but I thought I'd put a link to an older presentation that mentions what their intention was if a Helium Gas Deposit was found. This may have changed as there is now hydrogen involved, but gives an idea of what may be possible. I do not recall Lorna having discussed the extraction method or intentions so things may have changed. This is just as FYI for those who haven't seen it before.

https://www.youtube.com/watch?v=A4zVkhSXlNw&t=1455s

Tai-1 & 1A had helium shows but it was gas-in-brine. We are looking for free gas - I think they had identified equipment costing £50k for extracting that.

2021 - June: Commenced drilling of the Tai-1 exploration well. After 70.5m a Helium show was found with concentrations up to 22,084ppm (2.2%) in drilling mud.

July: Delay at Tai-1. Further gas shows were identified from 552m-561m. Drilling suspended due to parting of drill pipe and being unable to recover the lost drill pipe. Decision made to sidetrack above the lost pipe at 483 meters.

August: Tai-1A Exploration well completed to 1121m. Deteriorating hole conditions and large washouts meant they were not able to run wireline tools downhole beyond 882m. No indications of free gas were found, with the helium in the drilling mud seeming to be from gas-cut-brine. Due to the hole conditions, no drill stem test was conducted and no samples of brine or gas were recovered. Presence of a seal and good reservoir potential was confirmed. Tai-2 well begun 20m away using the same drill pad. It completed without finding Helium. It was targeting the 70.5m show but wireline logging of Tai-2 demonstrated continuous clay over this interval, suggesting that the reservoir in Tai-1 pinched out against clay; which provides both vertical and lateral seal.

Was it really so exciting today that it required over 1100 posts ?

First resistance level is 1.66 which doesn't have much support. After that it is 2.2p which could be quite strong.

@ 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.

SP was 1.23p at end of trading.

Google has us at 2.24p but those will be late reported trades and the last number on their list is showing.

Lol Just looked at HE1 google share price. We finished up today?

Good resistance level for tomorrow.

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.

Head and shoulders pattern completing as well as the cup and handle pattern from December. 11k trades suggests there is still plenty of interest here.

This is totally wrong.

Helium no boom. Hydrogen - that go boom.

https://www.youtube.com/watch?v=yMqYQKMmd3U&t=13s&pp=ygUPaGVsaXVtIGh5ZHJvZ2Vu

Today may be too soon for the wireline to be completed as well as processing the results. I would have thought Thur/Fri.

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.

Another 140% ?

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.