Member Info for John2015

I wish I had 2,000,000 shares for 0.25p

My holding of 180,000 cost me about £15,000 giving an average of 8.3p.

Trading some will bring this down a little to around 7p.

So I ( and many others) are 80 or 90% down while the latest placees get an entry and 70% plus of the company for 0.25p a share. They 1 bag at 0.50p we have to recover to 10 times or 30 or 40 times the placing price to break even after holding for 2 or 3 years.

Merry Christmas Lorna.

Blubay seems fair - after all it’s only our money.

As long as they double or treble theirs at 0.25 we can't really complain as ours drop from 9.8 to 0.75 and we lose 90% of ours can we.

I should know better. Never buying shares in an AIM company again.

I'll have 2.3bn if the price is right.

The (very few) placees make an absolute fortune, the (vast majority) us lose most of the value of our shares.

Poor investor the company just offered 2.320 billion shares (more than twice the number in issue) at 0.25p to the placees.

That will drag the sp down to or very near the placing level as our 956m shares are valued at about 0.70p this evening.

Poor investor high net worth - have you hit a spare £250,000 ?

Their mates wouldn,t make a killing then.

We might - and the lucky few already rich enough to be invited to be placees wouldn't want that.

The placing gives them 70% plus of the new pie at 0.25p a share whereas we paid 5 p 10 p 15p etc.

They get rich quick as we get poor quicker.

My choices Hold 180,000 at 6p Ave, sell am Thu if possible ( it won,t be ) and buy back at 0.25p, or just accept we've been royally stuffed while invited newbie placee's buy 71% of the company at 0.25p.

Thanks Lorna that’s a great Christmas present.

Thanks hasiba just checked it on the ,phone calculator yes 2,320,000,0000.

So 2,320million shares on top of the 956million in circulation = 3,276m total.

956/3276 = 29% so a 71% dilution ?

Presumably that will drop the sp to around 0.25p = 1/40 of the summer high around 10p

How the hell will LTH recover or anybody see a 40fold increase in the sp to get back there ?

Trying to work out out many shares £5.8m will buy @0.25p

£1k is 400,000 shares.

£5.8m is 58,000 x £1k.

So 58,000 x 400,000 = 23,200,000,000 shares ! Is that correct ?

Just seen the RNS which I have yet to read but I see £5.8m @ 0.25p !

20/12 Bid 0.70p another 16% drop.

A million shares = £7000, 300m = £2.1m

Lorna are you looking to dilute the company by 30% to raise £2.1m approx. bearing in mind the Sep raise was for 1/3rd the number of shares and raised over £6m ?

When will you give us a clue ?

Why the silence.

If we,re waiting for the Tanzanian government ( speaking as a long suffering holder of AEX which has farmout arrangements in place and is funded but has not moved in years, as well as HE1 ) I wouldn't hold your breath for a solution involving them.

Must be absolutely livid- along with many LTH ( I am one still holding ) who will be as far under water or more, than the unfortunates who thought they got a bargain.

Merry Christmas to all at the HE 1 team.

There was but I also think we're done.

That said still holding over 90% down so it makes little difference now.

Waiting to see what happens if the SP dips to the levels speculated ( 0.25p )I will buy another 50,000 for £125 to drop my ave by about 35% in the hope of recouping something on what looks like it will be a dead cat bounce.

TL482 £10m @ 0.25p ?

That is 400x10m shares = 4 Billion shares taking the shares in issue to nearly 5 Billion.

A Dilution of 80% ?

Surely even this BOD aren't that stupid ? ( I sincerely hope ).

The company will have known then they needed cash.

Now 4 weeks later they still haven't managed to organise a deal.

During that time the SP has dropped from3.3p to 1.02p knocking over £20m off the MCap.

Struggling to find any positives.

Dai precisely the point and one of the very big gaps in our knowledge and the companies communication.

If we are to raise more it would be nice to understand why, how much and what the options are.

So still nothing to say then ?