Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Frizzy you wrote this last night: “ Sold out of both actually for a tidy profit. Do not care if HE1 goes up or down tomorrow. ”
😂 yet non stop advice from you this morning. Please don’t tell me you’ve stupidly open a short.
Dizzy is on a journey of self discovery. I fear by the time he gets to his destination the bus will have left the station.
He has gone from don’t invest you’ll lose all your money to buy at 0.2p to today but at 0.3p.
By end of today he will be recommending buying at 0.4p because the price will be at 0.6p
Atb
I only bought into he1 after this latest placing so working with limited knowledge garbed from previous rns.
As others have said forget the price of the share the important part is the market cap.
Prior to the last placing and failure to discover helium the share price was based purely on people’s belief on the company making a commercial discovery. The share price in November 2023 stood at 5p with around 1bn shares giving a market cap of £50m. Current market cap is £12m.
To me if they announce commercial discovery this will be worth a lot more than £50m. For me as a minimum just looking at previous market cap we would get to £100m on discovery alone. That is a 8x from here to about 3p.
There are some who say be wary there will be a placing and it could happen but if they find a commercial discovery my feeling is that they will be bought out but as usual dyor.
Atb to all shareholders
Ouch indeed, I’m down down 44% but nothing I can’t afford to lose. I invested for CLX and I still believe it will be company maker. This BoD is a disgrace. We need someone to believe in CLX and get it over the line. This lot are just interested in self preservation. What happened to the mission about saving lives!!!!
If they just get the work done on CLX and it’s unsuccessful and we fold I can live with that but this is a death by a thousand cuts.
This is a gold mine of a company. Unfortunately those shorting are not short of a few bobs. They may decided to push this further down and there really isn't much the company can do other then keep calling out the shooters for their duplicity.
For an example of a company that was targeted in the US last year have a look at western alliance bank. The graph in May 2023 does not do justice to what happened. The shorters pushed the share price down to $12 with a hit piece in the FT. It is now back to $66. I was fortunate to buy in at the time for $19.
I feel the same is happening here and that is why I bought in last week.
At some point the shorters will have to buy back and in my opinion we will see a gradual increase in the share price. When they will close only they know.
Looking forward to picking up the first of I hope many dividends. :-)
ATB to all shareholders.
John Henry - they’ve not given any numbers but this armchair expert has already called it non commercial. Haha
I wonder why they are even bother continuing testing.
It sounds positive but let’s wait for the results.
Good luck to all holders
Let’s talk numbers, $20 is being banded around some articles. $20 is about £15.75
At 50k bopd
Monthly income : £23,625,000 (£15.75 * 30 days * 50000 bopd)
Less monthly operating costs : £6m
Less assume 25% is just to pay suppliers: £6m
Income after costs: 11,625,000 (£23.625m less £6m less £6m)
Annual income after costs: £139,500,000 (1162500 * 12)
£140m for dividends and capex.
Assuming they pay £70m in dividends that is a whopping 30%+ dividend.
What is not to like?
Obviously there is risk at the moment as nothing has been agreed but the rewards here are phenomenal.
Atb to all holding
Includes an increase in allocation related to cost of oil production. Budget amendment to be submitted next month for approval so not long foe KRG, IRG and IOCs to agree on a number.
https://iraqidinarchat.net/parliamentary-finance-the-2024-budget-will-take-into-account-two-important-files/
@broadfordbay said “ Taqa has been trying to offload its Atrush stake for several years - see Gulf Times May-2016,”
And yet they acquired an additional 7.5% in 2019. Can’t blame them for not being happy when they were not paid on time or having to sell locally.
The question is why have HKN and shamran agreed to take over? If they thought that pipeline won’t open or having to continue to sell locally then financially it makes no sense.
@dailsydo - I wouldn’t rely on google finance as it tends to double up and sometimes even worse when reporting.
There were only 6 trades today as shown in London stock exchange link below.
https://www.londonstockexchange.com/stock/CASP/caspian-sunrise-plc/trade-recap
Read the rns regarding the gold grading and compare with table below. IMO this is the second coming of GGP.
https://www.bullionbypost.co.uk/index/gold/gold-grade/
Open Pit:
Low grade 0 - 0.5 gold grams per tonne
Average grade 0.5 - 1.5 gold grams per tonne
High grade 1.5 + gold grams per tonne
Underground Mine:
Low grade 0 - 5 gold grams per tonne
Average grade 5 - 8 gold grams per tonne
High grade 8 + gold grams per tonne
'Bonanza' grade Troy Ounces (31.1 grams) per tonne
ERBIL, Kurdistan Region - The natural resources ministry of the Kurdistan Regional Government (KRG) has invited international oil companies working in the Region to meet on Wednesday to discuss progress in talks with the federal government about resuming oil exports, Rudaw has learned.
“The purpose of the meeting is to update you regarding the progress of the negotiations with the Federal Government of Iraq in matters that concern you and other IOC partners. The amendments of the 2023 budget law and the subject of compensation for the IOC’s entitlements will be the main topics of the discussion. We will welcome your insights and suggestions during these discussions,” read an email sent to the IOCs by the ministry and which Rudaw English has seen.
https://www.rudaw.net/english/kurdistan/210120245
BOOM BOOM
It would appear from the previously posted article some sort of agreement has been made between KRG and iraq government. Next hurdle is getting it through Iraq parliament.
With the teacher strikes in KRG and KRG have gone to Supreme Court about the non payment of their entitlement it looks like parliament will be pushed to sign of the amendments as soon as possible.
https://shafaq.com/amp/en/Iraq-News/Lawmakers-in-Iraq-face-pressure-to-amend-2024-budget
Dai2belts wrote “ @Khelder, He1 have already stated they will attempt a discovery, then later return to test and prove commercial flow rates. If its doesn't flow at high enough rates its not commercial..”
Let’s break this down:
1. “If it doesn’t flow at high rates it’s not commercial” - so from this you agree then if it flows at high rates then it’s commercial? Legalwolf was implying that they couldn’t say it was commercial.
2. “ He1 have already stated they will attempt a discovery, then later return to test” - the wording in the latest rns actually states - “The whole process from spud to completion of logs and well testing is expected to take approximately four to five weeks.”. The rns also says they spudded on 6th January so that means at the latest we should know by 10th February if successful or not.
Don’t get me wrong this is an exploration well and success chances are usually slim but if they declare a commercial find this will go crazy and I think you know this as well. If anyone is overstretched on this share they should reduce as no matter what anyone says risk is high and potential to lose 90% from here on failure.
I very much doubt those spreading FUD are shorting this. More likely they are trying to buying in at a lower price.
Make your decision and let’s we if we are lucky in a few weeks time.
Atb to all holding
@gg - you say you have sympathy for those who bought into the fraud pre 2023. This fraudulent company has been paying a dividend consistently since 2017. I don’t know about you but I think we need more of this fraud stuff for us lowly PIs to get anything out of this market. As it stands at the moment you can get your capital back within 3 years - what’s not to like?
https://www.dividendmax.com/united-kingdom/london-stock-exchange/oil-and-gas-producers/diversified-energy-company-plc/dividends
Legalwolf wrote: “ is it because the market knows that this is simply an exploration well, meaning it can't result in a "commercial" discovery being announced - which would require an appraisal well - and He1 will be coming back to the market for cash upon completion of the drill? ”
Here’s the true definition of exploratory well: “What Is an Exploratory Well?
An exploratory well is a deep test hole drilled by oil and gas exploration companies to locate proven reserves of recoverable gas and oil, both onshore and offshore. Areas that might contain oil or gas reserves are first identified using seismic data before exploratory wells are used to gather more detailed geological data on rock and fluid properties as well as initial reservoir pressure and productivity. If oil or gas is discovered, a development well will be eventually be drilled to extract the oil.”
Do you seriously think if they say they found helium with good pressure that market just going to say thanks but we’ll wait until you go into production? Haha
Just to be clear chance of finding is low but I like to think it’s not a pure gamble as they will have learnt from previous drill. Like others have said I’ve only put in what I can afford to lose so all good.
At worst I’ll be down £300 but I really hope for the long term holders this works out for you.
DEC is also listed on nyse
https://finance.yahoo.com/quote/DEC/
Price at US close was £10.52 but overnight it has fallen to £10.19 that’s still about 6% higher than here.
I bought into this yesterday morning after reading this blog. https://stkt.co/9R9mJyAk
As usual do your own research but in my opinion this feels genuine and price has been decimated by shorting hedge fund who have managed to spread FUD successfully.
Atb