focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
This share clearly moves up on the smallest of buys, quoting the obvious but the float is diminishing and many of us are holding on tight and I have noticed as we progress there are so many delayed trades during the day etc for instance it has just gone up a little but no trade showing to justify it, so expecting a delayed trade showing later with a time stamp of around 09:09, same thing earlier at around the 08:11 mark
It is very early days but this share does have the potential to be phenomenal, however, please don't shoot me down for comments like that, I am invested (not a day trader although will top slice on occassion) so will be positive about the shares I am invested in and Helium/Hydrogen/Oil/Gold tend to be the ones I have been more inclined to invest in
There is another way of looking at HEX for future thinking (wishful thinking more like and my opinion only) the shares in issue and free float are very low now and by their own comments will continue to be, after drilling, extraction etc share price will presumably be well over £1, and they will be making a lot of money, pay shareholders a dividend to keep INVESTORS happy to stay etc and therefore the share in the realm where we are no longer a penny stock and list on the Main Market, FTSE 350 or 250 depdent, etc
Only buy these shares if you have done your own research please do not base it on anything we like to chat about and good luck whatever your decision - LB
Missed yesterdays' RNS - so we have also been paid by Greenvale
Posted this earlier, apologies for the repeat for those already invested:
This from Proactive, published 17th April 2024
Shares in Helix Exploration PLC look cheap, based on analysis undertaken by two research groups that have begun following US-focused helium exploration (and soon-to-be production) group following its AIM float.
Helix successfully listed at 10p a share and moved to a strong first-day premium; however, the stock is now trading in a narrow corridor just above the IPO price.
Several catalysts could provide Helix a leg-up, including the company’s scoping study and its economic model. However, the real grist will be provided when drilling gets underway in the third quarter.
The independent investment bank, Hannam & Partners, reckons, that on a risked basis, the Helix is worth 27p each, or 150p unrisked, while Oak Securities calculates the risked net asset value to be 39p and 131p on an unrisked basis.
“Therefore there is large upside potential to our valuation in a success scenario for a relatively small exploration cost,” said Hannam in a note to clients.
“Also, given relatively low development costs, there would be low dilution for existing equity to reach first production.”
The excitement lies in the nature of the opportunity for helium exploration and development in Montana.
Results from the appraisal well, which is expected to cost around US$2.5 million, will provide information on flow rates as well as help with the design of future production wells.
The data will also feed into an update to the company's potential reserve and resource base.
A helium grade above 0.5% is considered highly commercial by the directors.
“Here in this part of Montana, we anticipate commercial concentrations due to the fact that there is lots of uranium and thorium in the basement rock, which is a producer of helium via radioactive decay,” chief executive Bo Sears told Proactive recently.
After drilling, the focus will be on progressing to production with the processing plant estimated to cost around US$12.5-US$15 million.
Today
Rubbish, 5 working days from RNS is latest Monday, expect RNS earliest Monday, more likely Tuesday but who knows maybe it will land later?
This from Proactive, published 17th April 2024
Shares in Helix Exploration PLC look cheap, based on analysis undertaken by two research groups that have begun following US-focused helium exploration (and soon-to-be production) group following its AIM float.
Helix successfully listed at 10p a share and moved to a strong first-day premium; however, the stock is now trading in a narrow corridor just above the IPO price.
Several catalysts could provide Helix a leg-up, including the company’s scoping study and its economic model. However, the real grist will be provided when drilling gets underway in the third quarter.
The independent investment bank, Hannam & Partners, reckons, that on a risked basis, the Helix is worth 27p each, or 150p unrisked, while Oak Securities calculates the risked net asset value to be 39p and 131p on an unrisked basis.
“Therefore there is large upside potential to our valuation in a success scenario for a relatively small exploration cost,” said Hannam in a note to clients.
“Also, given relatively low development costs, there would be low dilution for existing equity to reach first production.”
The excitement lies in the nature of the opportunity for helium exploration and development in Montana.
Results from the appraisal well, which is expected to cost around US$2.5 million, will provide information on flow rates as well as help with the design of future production wells.
The data will also feed into an update to the company's potential reserve and resource base.
A helium grade above 0.5% is considered highly commercial by the directors.
“Here in this part of Montana, we anticipate commercial concentrations due to the fact that there is lots of uranium and thorium in the basement rock, which is a producer of helium via radioactive decay,” chief executive Bo Sears told Proactive recently.
After drilling, the focus will be on progressing to production with the processing plant estimated to cost around US$12.5-US$15 million.
Oak Securities points out that Montana is a mature oil and gas basin, making helium exploration and development easier and lower cost than would otherwise be expected.
Helium’s scarcity and the US’s position as a global swing producer meansthat there is “perpetual excess demand, generating upward pressure on pricing”.
While the helium market is opaque, recent observations from the USGS place helium conservatively at $420 per thousand cubic feet, but open market and surge pricing can push that figure closer to $1,000/mcf.
Type in HEX:LN and hit return, wish I had the funds to buy more but tied up elsewhere with relevance to Helium/Hydrogen one is MSMN I am sure we will get an RNS when they receive the funds from Greenvale (5 working days from RNS on the 29th April), not saying buy just worth a read
Just indicates what buying pressure in a very good share with a small amount of shares in issue, coupled with presumably small free float can do - happened to me with Jersey Oil and Gas bought them at 19p and watched it rocket to over £1
NOT saying this will do the same but you really do wish more would just hold for more than 5 minutes - gla