Member Info for ihavenoclue

Funny, the SP seems to show what I suggested of a seller being cleared ... it's funny that LLoL can't see that .... I wonder why ?

"Lord, I disagree. This mornings RNS had the same info as HE1 on their drilling. The He % will be next week with the wireline results and that was made clear in the RNS.

The action this morning is typical of a seller being cleared who has drip fed their sells for quite a while now but now has the volume to clear."

Can you point to where the "bad language" is ? Is it the bit where I disagreed with you ? Let's see where market consensus is by the end of the day.

Lord, I disagree. This mornings RNS had the same info as HE1 on their drilling. The He % will be next week with the wireline results and that was made clear in the RNS.

The action this morning is typical of a seller being cleared who has drip fed their sells for quite a while now but now has the volume to clear.

28-Aug-24 08:01:40 23.00 43,452 Unknown* 20.60 21.00 9,994

Will they be in profit by the end of the day ?

DerbyDay ... yes they have

Excellent post Tiburn

Mikey .. almost spat my tea out reading your last post ...

"The RNS reads significant Hydrogen not Helium so this has spooked the market."

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Yup and that misunderstanding has lead to a great opportunity with wireline results in just over a week will add clarity.

Well said Mikey ... me too

"The presentation also says: "Nitrogen gas is an important exploration indicator and all helium discoveries on the Flathead Fairway are associated with nitrogen" - so I am not sure exactly where the hydrogen fits in."

It carries the He. From HE1 RNS on drill result

"Highlights

· Itumbula West-1 well successfully reached a total depth ("TD") of 961m measured depth ("MD") in Basement on 24th January 2024

· Elevated helium shows, over twenty times above background, have been consistently measured whilst drilling in the Lake Beds Formation, Red Sandstone Group, Karoo Group and Basement targets

· Helium shows increased in frequency and concentration across the encountered fault zones

· The well has also encountered elevated hydrogen shows, over two thousand times above background, in the Lake Beds Formation and sufficiently elevated in the Karoo Group and Basement

· Wireline operations will now be run for formation evaluation, followed by drill stem testing ("DST") across the faulted zone and additional zones of interest following full petrophysical evaluation of wireline logs"

I believe their hydrogen % was 2.2 ...

"Where's the Helium. And you ask why this is tanking?"

Did you not read ? THE HE CONCENTRATIONS WILL BE KNOWN AFTER WIRELINE ... IT IS IN THE BLOODY RNS !!!

"Wireline logging and appraisal via extended flow testing will commence shortly to enable the Company to assess the helium and hydrogen concentrations."

HE1 gave same info on 25th Jan and the He concentration was 5th February !! Some people !!

"NPV 93p expected on owning the resources alone."

The 93p is Rudyard on it's own as per July presentation. I am taking this as an unexpected buying opportunity

... will calm the nerves but at the moment I think we are clearing out the last of the drip seller.

"Important to remember the market's never wrong"

Well I know that's BS :)

Trek, I have been able to buy what I want now between 19.95 and 20.40p ... I am taking advantage of this as I believe some expected He concentrations and are selling out as they believe there isn't any which is added to by the drip seller.

All this has created a great buying op .. IMHO

Bipolar, just like the He1 RNS you get He reading after wireline in 1 week

I can't even buy £1k's worth on HL

They set the stall out in July with their way forward and so far everything going to plan ahead of schedule and below budget. Going to be an interesting 6 weeks ahead :)

Lord, it's good to have some people with one foot on the ground. I am sure there will be another interview with Bo to better explain results so far.

Drilling was due to be completed by the end of the first week in September so the timeline changes so that wireline now takes a week and the completion takes a week. Then the test runs for 30 days so we should know the results in second week of October rather than the end :)