Member Info for ID78

Funny thing is - that’s spreadex probably selling and closer to being sold out of BCE.

So people sell?

Like Troajan HEX is where I will look next.

ARCM and KAT also look interesting.

*spreadex

Anyone kept an eye on the big round number sells like the 10,000,000 just gone through.

No doubt spreader selling out… IF (big IF) they are doing 5 a day it would take them 10 or so days. It will be good for that anchor on the SP to be gone

Spud on or around 7 days from today. No time at all now.

Hms

Slippage is not bad news it’s life. This is how it works - drill rigs are secured to drill and within the contract if there is a good result from the drill additional drilling may be required. Or if there are delays on that drill or slower progress then the rig is released later to the next client. What went on on that drill means nothing for this drill. Other than it is very slightly late and it is part of life in drilling, this is what happens.

It is simply not bad news it is a delay and it is an insignificant delay. It’s not like He1 for example trying to source a drill rig for months / years.

Spreadex now hold 555mill.

Today’s volume 200mill…. hopefully this volume holds but either way Spreadex should be gone by the time drilling starts and shares in transferred into sticker hands.

GLA

Fair enough. Ultimately there is risk. I think Da prophets post is quite balanced.

Sorry to go off topic everyone - but (LW) I can’t believe GCAT is still suspended, thank god I don’t hold anything there

Legalwolf, was that you?….. those buys?? Someone is confident!

Reading yesterday’s post about snatching defeat from the jaws of victory on that drill a few years ago…. Then ADV. Fair comment. They were re-entering an oil field that had been abandoned some years before. Where the oil went nobody knows.

Hopefully the oil on this side track drill hasn’t disappeared after only 4 months. Da prophets post yesterday think points out greatest the risk here.

Chart certainly looks like move is coming based on RSI divergence against the SP;

- It could be argued from mid Dec to Feb RSI was flat or maybe rising as the SP tracked down.

- From the start of March RSI has tracked up and the SP is flat; buying pressure has increased and isn’t reflected in the SP movement.

Your comment, Roger, I think is saying the same thing. One sell in reaction to the MMs dropping the SP / news of the delay (of only 2 weeks). Now multiple supposed sells and the SP not doing much to the SP (suggesting they are really buys).

There’s appetite for BCE. Just need more volume.

And that’s exactly what it was, slightly below the mid.

Procrastinated too much yesterday, but still a good entry price today I feel.

At 49p I’m hoping for a serious multibagger

(Sorry, a wee joke, it wasn’t 49p)

Well my buy appears as a sell…

I agree, a mess. Regarding the naval threat of drones, the US recognise the threat and are looking at microwave tech as part of a layer of naval defence to bring down drones aimed at a frigate or carrier. Otherwise you may as well not bother with a (very expensive) navy

https://www.popularmechanics.com/military/weapons/a60453649/us-microwave-weapon-drone-killer/#

I agree completely.

See there’s news on FAB today….

BCE? I might go and take a look

Hi PP,

Used to be on this board quite a bit but haven’t been on in ages. Probably to my own financial detriment!

Regarding HEX I read your comment that someone on HEX thought it could be another ADV. I think that was me? The post was really meant to point out that drilling the hole doesn’t mean they will find Helium. That ADV with their 90% (geological cos), didn’t find anything so be wary and derisk - or invest what you can afford to lose.

That aside, it does sound very promising given the Helium readings in the soil.

Just wanted to clarify - I have no idea if it will be another ADV, none of us know what they will find and if the 2 drills will be a success.

I did buy HEX. A number of posters I respect have bought in there and Troajan I read is also interested. As Trek says I can see a chance to make money on the pre-drill marketing and hype and (for me) leave a risk free - free carry for the drill…

GLA

Only £2mill to drill. Wow.

As you say compare that to He1 (although they bought their rig eventually)…

Good post ART

That’s my take, highlandmatt.

Prodn down a bit, and additional production not till next quarter so some sell and move on, with a view to return later. No big deal, just more waiting.

This has a higher cos than the He1 drills. But there’s still risk.

I bought ADV with a 90% cos - drilling an old oil field, due to advances in tech it was now attractive to go back to this field. At the end of the drill they found …. nothing. From a proven oil field.

There’s always risk that you strike out so you take your chances according to your appetite for risk and size of holding

I think you answered your own question - saying exploration is risky

Risk 1 - finding a Helium system that flows in commercial quantities

Risk 2 - if they do find commercial quantities, how much is there? How long will it last.

I think risk 1 is the immediate and greater concern than risk 2