Member Info for johnygaddar

Started my initial position at 29p and average down in few tranches, now holding a sizeable position at an average of 14.5p. Hopefully my position will soon turn into profit.

GLA

Just about recovered all my losses and made couple of thousand pounds. Sold most now with very small holdings left. I am almost out and GLA

1.5 billion traded in half a day and shares outstanding as of today is less than 1 billion. The new shares hit the market on the 28th of this month. Looks like all helium one share holders have traded today including me. :)

I am looking to buy tomorrow at open and just thinking to go in with some sort of strategy to buy as close to the placing price. Any guesses on what it should open at and where it will finish by the end of the day. All positive and negative opinions welcome.

The company is trading at a market cap of £8 million. Even if we run into administration today, the company still should have around £5 million cash and £2-3 million rig which should cover the investments so not sure why it would go to 0.5p or under.

Unless someone else can enlighten me better.

P.S the trade payables and receivables are almost level and I have not accounted for inventory of more than a million.

Placing at 1p which is at 11% premium to the closing price of 0.9p on 19/12/23

But a sp rise coming today. We will hit 2p before close of play tomorrow.

If you have traded in this company a lot and lost a lot of money. I remember when this was first listed and the stock went up from about 2.84p to 9p in couple of days. I have been following it since then and traded so many times. I made a lot of money on the first hyped drill but eventually lost all of it after every failed attempt at drill. Now hoping to get this funding sorted to atleast recover some of the losses.

The rise in price today is too early to celebrate as the fund raising would cause additional dilution. There aren't many assets with us to get debt funding. Not looking for more top ups until the funding scenario is clear.

The mistake that Lorna made was told the market that further funding was required without any substantial evidence of where it is coming from. This has lead to the sell off due to potential dilution. What she should have done is, announce the raise with all the funders by her side. What she has done could be a deliberate effort to get the funders in a cheaper price as she would have already known that an announcement of fund raise who spook investors.

Still thinking what was she thinking.

My only question is, when is the next drilling happening before buying here more?

Ordered a suit and trousers which was delivered today and they are spot on. The price was £10 for both + £3.5 for delivery. Can't ask for more.

They are giving 50% extra discount on sale items and I couldn't keep away from it.

I would not jump to any conclusions until I get trading update on Thursday. All these panic sellers have not got the stomach for the share fall should better invest in fixed deposits. Those that are sitting outside will spread fear and panic to get in cheap. The company clearly stated no going concern and decent cash in their half yearly statement so I am not buying the bankruptcy jokes. Also when stock is falling investors get very fearful and come up with all sorts of theories but a small ray of light and this board will all be partying. Wait before you press the button.

Https://www.morningstar.co.uk/uk/news/235837/stock-of-the-week-asos.aspx

Packing bags and leaving

the investor has been played by the broker.

Hope you know my reason of selling and buying back in tomorrow.

The cash raise wil happen as David M has tried to avoid the questions about cash raise so I am waiting on the sidelines and will buy back after dilution.