Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Agree with this - thanks. Looking at 60-70% upside from here to get to at least previous mcap highs which is a share price of ~5p.
In simple terms, have they made a discovery based on today's news? As, if so, I agree the mcap should be at least the highs of 2021
Correct me if I'm wrong but any reference to historical share prices is invalid given how much equity the company has issued.
For example, current share price is ~3p but market cap is ~£100m. When the share price was ~10p back in July, the market cap was ~£80m.
Hi AJ
In a previous presentation, DM outlined there are three stages to a discovery. 1) helium show in mud (already RNS’d) 2) wireline of reservoir / trap (the money maker) and 3) flowing a sample to the surface.
I imagine they’re still getting helium shows all the way down but not worth RNS the same thing over and over. Sounds like they’re skipping the wireline testing at 400m so still waiting on step 2) above…
Cheers all
DM said in a recent interview they would communicate helium shows in the mud logs to the market. This is step one of three of a discovery and likely the weakest impact on the share price as it still doesn’t say much about the recoverability of helium.
My (basic) understanding is that there are five elements involved, with each having to be successful.
The formula:
Chance of success = source x migration x reservoir x trap x seal
So on average if each element has a 73% chance of success, you arrive at 20% overall.
‘In September 2017, Winnifrith authored an article which claimed that the FCA would not be shutting down Beaufort Securities. In March 2018, Beaufort Securities was shut down, declared insolvent, and charged with fraud, following a joint FCA, FBI, SEC and DOJ investigation.’
No wonder TW doesn’t trust the company’s statement that no FCA investigation is underway. He assumes his level of deceit is standard. Perhaps an element of self-vindication too. SYME could still go either way but another little insight into who is behind the ongoing attack.
I don’t understand how some are complaining about the share price when no drilling has taken place.
Lots of updates from the company, everything on track and no delays as of yet.
The more investors and fewer traders the better.
Received this from Walbrook:
I’m pleased to be able to inform you that the new Limited Company registered with Companies House is indeed a wholly owned subsidiary of Supply@ME Capital plc. It has been set up in a specific territory (in this case the UK) ahead of the commencement of operations in this region. As previously announced to the market, the setting up of a network of subsidiary operating businesses is an integral part of SYME’s Business Model when progressing to the next stage, (in this case within the UK) enabling the recruitment of an executive team, and the advancement of discussions with client companies and potential inventory funders. Supply@ME forms operating subsidiaries in each territory to execute business rather than through the plc.
Far from being potentially concerning news, the formation of the UK Limited Company subsidiary is a very POSITIVE move as it demonstrates real progress in this region.
Supply@ME will also seek to set up US and Middle Eastern subsidiaries in due course and will very likely extend this network further as the Company expands into new territories.