Guesstimate17 Nov 2024 16:06
SV .... who thinks she knows everything said this the other day "Sunday roast had no evidence just blatant ramping"
So let's go into that. Firstly, who mentioned Β£2 ? it was Rick Rule, I looked him up ...
"Rick Rule is an astute analyst and highly successful resource sector investor1. He has been principally involved in natural resource security investments since 19741. Ruleβs investment style is relatively speculative, taking big risks when there are potentially big rewards on the table. He has focused for most of his career on small-cap and mid-cap mining companies, many of which trade on OTC markets or non-US stock exchanges."
He made the guesstimate on 1st September .. this was before the mention of 10% Hydrogen in the mud or DM mentioning that the hydrogen alone could be worth $100m a year (I use dollars as he mentions everything in dollars in that interview).
Do I feel it will hit Β£2 on news ? No I don't think Helium is THAT hot but on a very good hydrogen and Helium find then Β£1 a share is likely depending on the wording.
But if it comes down to a choice of believing someone who has been investing in Natural Resources for 50 years or an angry bitter miserable excuse for a human on LSE chat I know which one I would listen to :)