Member Info for ihavenoclue

"The market can stay irrational longer than you can stay solvent"

Not for me, I am happy to hold and I feel this will be in a different position before eoy.

They needed the hydrogen info out before travelling to Paris and that can be one hell of an asset to sell to those who have been looking for it and have a very healthy balance. HEX don't need to raise funds when other companies have done it for them ;)

Happy to wait for the games to end and real value to show itself and there are more results on the way with Rudyard also in the mix. My only niggle is that I didn't wait a few days and top up at 20 rather than 23 but that's life.

Almost feels like they weren't ready to release news, as awaiting more info, but were under pressure to release information.

The Hydrogen seems to have overtaken the Helium interest in Clink 1 and that is a very good Hydrogen showing to take to France to discuss with interested parties.

Asimple, I have seen many oil finds jump on day of find. That is why I was asking.

"I have never experienced a share price increase immediately following the publication of a discovery RNS, except perhaps in the first few minutes. "

Are you just referring to Helium ?

"The unexpected findings in the Flathead formation-including 2.5% helium in sampled gas and 55.2% hydrogen concentration in gas isolated during drilling- represent a unique and exciting opportunity for the Company. We can see significant opportunities to collaborate with experts in the hydrogen field to understand the origins and potential of the Ingomar system."

I think we are just clearing out the last of the seller ... can't judge an RNS on the first 10 minutes

"The results have been decent but more funds will be needed through a raise.. see HE1 since January"

The last bit of it's sentence shows it doesn't know much about HEX IMHO so I filtered it :)

BestBuy, well you said it would end the day down ... so let's see

"Drilling must be nearing completion at Rudyard as well."

Did you miss the RNS on the 13th ?

BestBuy ... you turn up today to start deramping ? Let's see if you are right at the end of the day :)

Very happy as I sit here watching the snow

Last post, honest ...

"30th October RNS

The Company remains fully funded for the drilling and testing of Darwin #1 at Rudyard, being run in parallel with extended well testing at Clink #1 at Ingomar Dome."

ThePrevin, nicely laid out post. So they have found an area worth testing but didn't inform the market of the %'s before running the EWT? Do they want to just confirm a commercial discovery in an RNS but for that they needed the EWT first ?

They probably shouldn't have put the bit on the 24th about informing the market of %'s before running an EWT as the later RNS contradicts it.

Ezhik ... I actually thought you had suffered some kind of breakdown then until I got to the bottom of your post :)

I am going to stop posting now and try and wait patiently for the results.

Markie, wow you have some deep seated issues. Go get help ... you need a lot of it :)

"Pompey M is right it does state. The Company remains fully funded for the drilling and testing of Darwin #1 at Rudyard, being run in parallel with extended well testing at Clink #1 at Ingomar Dome.30/10/2024..."

Who is saying it isn't ? Must be a green box ? They raised $10m in April and the two wells cost $4.1m and the re-entry to Clink 1 cost $500 - 750k so they still have half the $10m left as there is very little overhead currently.

"Either the lab comp is bad = RNS has to be issued"

But they don't, they said if results are good they would issue results to market and then carry out an EWT. If they were not they would move on to the next formation.

As you said, maybe they are just in a queue of samples to be tested.

Skippy, I agree ... very ambiguous. There was another RNS that did state the sample would be sent to an external lab.

There was also the interview where Bo mentioned these things take time and they needed to be tweaked. We also know there is decent pressure so perhaps they had to get that to settle before taking a sample ?

Who knows, I will just feel a bit better when the RNS drops and hopefully it is results from Flathead.

"However HEX do not have to RNS in real terms until post EWT and confirmed discovery, they may have reacted to the gas comp emerging results and adjusted their stated position on initial reporting, as see more commercial/positioning advantage by completing initial EWT."

Tiburn, from 24th October RNS

"The Company will test multiple formations from the bottom of the hole upwards. If initial results of a perforation are positive the Company will report gas composition to the market and perform an extended well test on the interval before moving on to the next horizon. "

That's the main issue. If they were just perforating and then collecting a sample to have it tested then it should have been done by now hence the concern they may have moved on from Flathead formation.

Must be getting really desperate ? Of course Bo would write about these issues and then get locked into the same issue. If you don't like HEX then avoid ... not continually attack like you do .... did Bo crap in your cornflakes. OAPK ?

Gemstar, congrats ...you dodged a bullet there 😅