Member Info for ihavenoclue

Would be great if seller has stopped/ was out and the SP rose to 23 - 25p+ (has bounced to this area 3 times after dropping below 20) before Wireline RNS. That would give a great platform to rise off while we wait for EWT. We can but hope ...

MNN, certainly enough volume for Oberon to be finally out with how many they could have had left. I really hope they are fully gone ... let people who believe in HEX hold them instead :)

(Not sure why they invested in the first place TBH if they weren't even going to give HEX 6 months)

"Just have to be patient, I am thinking end of next week for the results RNS."

DM has already said wireline is being ran and completed this week and results early next week.

... maybe the last trading day before wireline results RNS.

I am not saying it to refer to "Friday FOMO" as I personally hate that phrase but the SP action tomorrow should be interesting.

"Should have said 12 months on timeline for production."

DM mentioned forward sales so will be cash positive sooner

Also the BoD are not hanging around. They want to see the value reflected as quickly as possible and are forging ahead with program and also early stage talks for commercialisation.

These rapid development also cuts costs. I believe both wells together were planned for $4.3m (£3.3m) of the £7.5m so less than half of cash resources and now the drill took 11 days that cost is even lower.

They are doing all the right things, and haven't put a step wrong yet, but the market is waiting for clarity on He.

All IMHO

Hehe ... the only other thing that can be mentioned is to revisit it after the RNS early next week. It will clear up the Helium question and give concentrate figures.

I believe it is quite clear there is a large seller as Oberon were reducing weeks ago and there has been a 50k seller from around the same time.

Let's get the SP to over 20p first :)

"Brakes could be coming off"

It's been closer to a foot on a throat IMHO

OandW ... I think WET should be EWT ? (autocorrect kicks in every time)

Through the second part of August there has been a constant 50k seller. The news yesterday caused more volume so they started shifting in chunks of 100k as well.

Just my thoughts .... really looking forward to them finishing TBH

Ezhik, yes I can't see those subsidies being there if Trump wins ... that is a coin toss so far.

I guess we will just have to rely on selling the helium (fingers crossed)

About 4m shifted yesterday and approx. 0.5m today so far ... they had 10,762,412 on the 8th August and have been selling in 50k chunks since then (with volume increasing from yesterday) they can't have many more left and I believe probably crossed 3% barrier this week.

All IMHO

"Will the wirelogs be enough to reverse this or will the news just be seen as last the last update was and then we all need to wait for the production drill to confirm commercials?"

If the news is positive next week, and I can't see why not on all that is known up to this point, if the seller is still around it will clear them out quicker. Just got to go through the pain barrier to hopefully make the rewards even sweeter.

MNN ;)

This line keeps going through my head at the moment but I am full ... I don't even have room for a "wafer thin mint" for afters.

Owl ... DM mentioned that for a small outlay on site to split the helium from the hydrogen, there was a clue in there as if there was no commercial level of helium what is their to split, it adds a healthy bonus to the bottom line and there are also subsidies in place for hydrogen.

Bottom for the month is 18p so hopefully bounce off there ? Always painful when a seller wants out regardless of the news.

As far as TR1's - there was an RNS for Oberon reducing their holding down to 8.71% (10,762,412 shares) on the 13th August.

If you look at the info Oberon notified HEX on the 13th August (so same day notification and RNS from HEX) but they crossed the threshold on the 8th August.

So no TR1 doesn't mean that Oberon isn't selling.

They had 13,962,821 in the IPO and increased to 14,747,911 in June and then started selling them 4 days later. They then increased again in July and then started selling again 6 days later. They have been reducing since then. I am not sure you can draw much from this as their trading strategy seems all over the shop IMHO

Is this the last of the seller ... always get a push down when one clears out the remaining shares ?? Time will tell ..