Member Info for kr1988

It feels like a HE1, the issue is when do you hit the bottom? Is 18 pence a bargain or in two weeks could you pick shares up at 5 pence.....

If a placing does drop might be worth jumping in as the rerate could be he1 levels.

Its wierd they drop that announcement feels like it was done on purpose to drive the SP down for a buyer to buy in.

Yeah I agree, too many times they say somrthing only for it not to happen.

KeithOZ posted the below a few minutes ago, maybe the testing will be quite soon. Mzybe a quick win between BCE and HEX?

There are some here who are continuing their effort to undermine this company. Today the theme is that "it will be months before the start of the SandJet programme". Let's take a look at the timing.

On 14th March (just 7 weeks ago from tomorrow) we had an RNS of presentation slides in the morning, live presentation in the evening. At 6m10s Paul says (with reference to the licence extension) "We expect approval within 3 or 4 weeks" and "We're happy with the regulatory process in Morocco". Slide 3 shows that "Sandjet ready to mobilise in April 24" and "Coiled Tubing Unit available by end April 24." This is confirmed verbally, and we are told the CTU is being sourced from Italy, so none of the previous nonsense with Tunisian Customs.

Historically, PRD management have only informed the market (i.e. us) on the issuance of licence extensions retrospectively, not on the day of award as some here seem to expect. The licence extension could have been granted within the timeframe stated by Paul - that means it could have been issued 3 or 4 weeks ago, which would mean everything is on track as stated in March.

The worst case is that the licence extension was only issued yesterday; if so. that would mean we are running at most 3 weeks behind schedule. As others have said here today, PRD management will have been maintaining a dialogue with ONHYM on this matter, so they will have been kept informed of progress through the ministerial signoff process, and will have a very good idea of timing. That timing will of course have been discussed with the providers of the SJ gear and the CTU.

Paul also mentioned during the presentation about Customs issues, and that management were dealing with this proactively. Some here would like you to believe that this something that Paul & Lonny are just starting to think about. I would expect that everything possible has already been procured and is on site or at the Guercif warehouse - including the abrasive sand, which although more expensive than the stuff at your local builders' merchants, is hardly an item that will break the bank if bought in advance of licence extension approval.

In summary, we are most likely on track with the SandJet programme, at worst running 3 weeks behind schedule. I cannot see that there is any justification for the 'months away' agenda being pushed on here by the usual suspects.

An update from Pred but again all very vague, one to watch as they are sand blasting their well and drilling another well.

Its been ongoing for months now with no real update when its going to happen. The SP will prob double when they get near to the sand blasting but your better off jumping in last minute with this one.

Yeah you should be fine tro, it seems a simple procedure and whilst I’ll be derisking pre results it seems that the sp is moving up slowly so hopefully we might get a 20-30% rise one day.

Well done for shifting the deadwood tro. Youll be regretting you didnt put more in here within a few weeks.

Tro just add another 20k you know you wanna lol

Yeah well they might be doing a HE1, drive the price down and destroy LTH's only to get a big raise off and live hapily ever after (well 12 months)

Yeah I read that rns they cant get the money so this sp will drop massively in the coming weeks.

Ive been doing some dummy sells last few days and still getting 0.53 to sell, it speaked yesterday at 0.55 but the big drop is just due to the advertised spread which is large on such a small sp.

Fair enough its been a tough time recently but I agree it ususally recovers. I suspect alot of people are watching it closly so any news and it shoots up as buyers pour in.

If you read whitenights history he is shorting this share hence the negative responces. Fair play to him he must have a big pair taking on this gamble but if he feels the SP is more likly to drop than increase good move by him.

I fully expect this to go up hence going long on this. We have all different investment strategies but I see very little down side from where we are right now. Hopefully in a months time were off talking about our new cars and Whitenights off to the mortage broker to remortage his house to cover the huge losses he has lost on this share. ( I hope that doesn't happen to you and if you are shorting jump out when it takes off as no one likes to see people loose money in this game)

Maybe so it wii or isn’t surprise me if another offer landed. Could it be the fact that people from Ghana can now buy the shares? Or at least very close to being able to?

I agree, all those lth who got burned by he1 will jump over to hex. I think due to to the location (USA) they won’t have the same problems he1 had with logistics and stuff so shoud have an easier ride.

Not sure what the sp will do in the coming months but it’s deffo dropped in the last week. Maybe it’s the mms like you said pp

A tenner is a tenner lol

Matd very risky with the presentation tomorrow usually when the ceo talk the sp drops lol

Msnn dropped a late RNS, it was up 5% when I looked now up 33% nice easy day trade if id of jumped in!

I just did a dummy sell and was offered 0.53 which is the best offer Ive had to date, it might be red today based on the spread but in real terms the SP has risen.

BCE Im just did a dummy quote and was offered 0.53 so thats the highest I have been offered to date. Not all bad Tro.

The rig has been released and spreadex have reduced their holdings in the company. It’s another week until we spud but least the rig is enroute now so we don’t need to worry about further delays.

Dai they have that helium drill soon too, you need it to pull back a bit and hope for a good entry point. Maybe being a 30 day drill it might drift a bit