Member Info for Legalwolf

I suspect OMI have already made the near term strategic decision to drill to the north. If they hit mineralisation there, then it will dictate strategic decision making and optionality going forward. Finding a second body of mineralisation (or an extension of the existing one) will be (another) game changer.

Re funding, the previous drilling programme was for 6 or 7 holes, and already budgeted for. Therefore, it will have covered PEP12-PEP18/19. The recent raise (plus warrant monies) will pay for ongoing drilling, whether at the current target and/or north.

Expect an update from OMI on drilling plans any day now I guess?

Doesn't it depend on whether you are talking about separate bodies of mineralisation at PEPAS, or one large body of fractured mineralisation across faults?

I believe they have been offloading. They had at least 1.7 million on IPO, which went down to about 1.2 million by November. They will sell whilst there's still some liquidity, which there won't be in about a month's time if there is no follow up site visit arranged.

I think this needs an application lodged with DEMIRS to restore its credibility and believability. At the moment, too many concerned about it being a possible sham. All imo and dyor

Best to view a lot of these outfits with a conspiratorial mind - and then let them prove themselves with their actions. So far GEX's actions have only flamed the concerns, and now they need to allay them by demonstrating that they are not a deepfake, and will be getting a permit. I think now that everyone has access to the portal, there's no blagging to be done and we need to see an application lodged with DEMIRS.

Until that happens, it has to be conspiratory theory caution first with this outfit. Of course if it does turn out to be kosher, or even if it isn't, there might still be a big bounce in it nonetheless. That's the AIM casino for you. All imo and dyor

GroundTroll Day!

Personally, I think all the disruption is to aid the short. It all creates chaos and negativity and puts off significant buying. The fact that Hamilton has gone quiet is also not helping. By now, he should be able to tell us when the follow up site visit will be taking place. He was doing lots of interviews in 2024. This must be the longest spell without any comms from him?

Will be interested to see if there is lots of selling of locked in shares. Either way, a positive RNS needs to land in Feb to stop the downward pressure on the share price.

Trek calling GEX a "deepscam" on the other BB - maybe in jest though?

Shorters are usually quite sophisticated and not amateurs. I would be surprised that they would open a large short on a helium IPO in London, which have all been strong performers post IPO, unless they knew something...

The resident Trolls aren't interested in engaging with any positivity. I very much doubt they are even shareholders. There's usually some other agenda at work. For about the umpteenth time, why bother engaging with them? The ONLY thing achieved is to give them more air time on the BB, which is what they seek by baiting all the time.

Why fall into their trolling trap each time? Best to just post without mentioning them at all, or replying under their thread.

Infact, best to just filter alltogether so you don't need to read the agenda led nonsense.

Its looking like GEX has been setup as a pump n dump. How else did TW know and co know to short it, and then feed off the negativity and delays? We know from our HE1 days that an outfit operates as a trading vehicle for certain investors/insiders?

My guess is that a big short has been opened up and will likely be closed by shares issued by GEX itself. The disruptors are likely part of the above operation. All imo and dyor

I wouldn't buy based on any price target, unless you see huge buying volume come in. Even if that's 2p. I think it's best to now ONLY buy this once some concrete progress is announced on the drilling permit. Otherwise, you are just gambling on it coming good.

I appreciate that this is not what holders want to hear, but it's the reality of the situation here, with a significant delay being sold into, whether through CSS or shorting it matters not, and until GEX doesn't RNS some progress on the permit, then it's just a case of how far will this fall/be sold into until they do. All imo and dyor

There's nothing that can be done about the trolls or the negativity. They feed off the negative situation with the drilling permit. Until that isn't resolved, the trolls will keep feeding from it. Nothing anyone can do about it.

It's only been 17 days since the last update, and so less than a third of the way through that 60 days, and you can see the damage being done every day/week.

I wouldn't buy the dips, because there's just not enough buying demand anymore to make buying the dips worthwhile. You want to buy the floor/reversal of this falling knife downward trend, but that can only be set when a positive RNS lands, which again, looks to be a while away yet. All imo and dyor

The last RNS might help:

"Preliminary interpretation suggests these two major faults are likely to post-date mineralisation. Attention is thus being given to examining the sense of movement of these structures and their potential impact in offsetting mineralisation. Recent surface mapping and geochemistry results are beginning to demonstrate substantial potential northward of the current body and geological teams are currently expanding this work with a view to developing new targets in addition to the definition drill program currently underway at Pepas."

I guess they have greater liquidity at these levels, without materially affecting the share price. If they let it run and tried to exit/flip at a higher price, there might be less liquidity available, and a greater impact on the share price from their large selling. It's better, therefore, for them to flip out now, so that they don't halt momentum further down the road? Just my deduction rather than knowing for sure....

KR - I think HEX is a high probability bet from this 15p level. There is likely to be placing overhang, so it might fall back before it goes up, but I didn't want to take that chance, so put some in now. Doubt it will get much below 15p though, and it could just shoot up instead!

Ingomar was the flagship, but Rudyard is now the key to unlocking the potential of the company, and exploiting the contacts that Bo has in the industry. You can readily see HEX acquiring additional value accretive projects (just like Rudyard) with the revenue generated from Rudyard, irrespective of what happens at Ingomar. Thinking of Rudyard as the bank which will provide the funding for future growth. Very cheap at 15p, when you think it IPOd at 10p, and has hit 28p already on anticipation and hope. This next run up will have firmer fundamentals behind it and with the company de-risked to a larger extent than before, which hopefully is the basis for surpassing previous highs in the share price. Let's see how it pans out, but should certainly be an exciting period of newsflow coming up here. All imo and dyor

It all depends on how they get on with the additional drilling, whether they are able to expand their resource base with more work and/or adding new projects, and whether they get anywhere near the annual revenue they are projecting.

But to be honest, my exit won't be based on valuation, but on emerging price action and newsflow. At the moment, I'm thinking 30s if all goes to plan without any major hiccups and they get into production, with a blue sky of 40s if they deliver some upside or additional positive newsflow.

Understood Kilcona. These next few holes you will be watching with keen interest then!

I like stocks that have just placed and have a good news story ahead of them. HEX meets these criteria. I do think what has held HEX back until now is that market was probably waiting to get the financing out the way. But you are now entering on the low, so the downside risk is low - but as I say, waiting to see if there's any placing overhang before committing the rest of my funds into it. Once the placing is soaked up, you are then left with the prospect of bullish newsflow (installing of plant, production talk, drilling news, new projects, etc) in Q1/Q2. DM/Bo are good story tellers as well (although don't quite trust the former). So I think the probabilities are stacked in favour of upside from here, on both technical and fundamental side.

Could be wrong of course, but that's AIM for you. You have to make a call, back it and see how it plays out.

KR - just to let you know that I decided to re-enter HEX today. Placing is out of the way and they seem to have an exciting production story lined up for Q2, which gives plenty of time for the share price to rise in anticipation. Also still a very small float at 160 million shares, of which about 15% will be in sticky hands.

I'll see which way the share price goes with any placing overhang, before adding more in. But put a decent chunk in today.

Kilcona - any more update on whether any of your contacts are going to commit, or are they still waiting on info from OMI?