Member Info for Legalwolf

Yes, some decent buys coming in. These 8p shares are being scooped up, whilst they remain available. Hoping that next week's site visit will signal the end of this accumulation/bottoming process. GLA

Both good helium plays. HEX has maybe had its day in the sun for now so switching over to GEX might make more sense as it is pre drill and about to go on site, which normally coincides with the run up into drilling, as was the case here. Then switch attention back to HEX once its forward plan and finances are clearer?

Maybe need to hear from Bo and DM as to just how “encouraging” these results are. Has two decent projects but cash position is the main question mark for now I guess?

Too late for that as the project has been sold for a pittance. Market isn’t going to give ORCP much credit for it now unless it gets sold again. River don’t have deep pockets to move it along at pace.

HEX trade is done for now by the looks of it. Some of that money should start arriving here now and this will start to get more attention. All in time for next week’s site visit.

Hopefully next week’s site visit will kick off the squeeze/reversal, although I’m still of the view that the FUDsters are just as likely to be spreading negativity so as to accumulate these cheap as they are to be shorting?

Easy 200% from these levels at least!

How long is this RNS going to take?

I personally think that as soon as this accumulation below 10p is done, this will move up very sharply and very quickly. What folk need to recognise is that shares have already been accumulated above 10p. So as soon as this starts to move back above 10p, those shares will remain in sticky hands as the trend will be up and fuelled by anticipation of positive newsflow from December right through to February/March as it’s a 50 day programme at Hussar.

December/January tend to be two of the strongest months of the year as well and Hussar will be the biggest drill in the junior space on the LSE.

Sub 10p is a steal! The daylight robbery will be over very shortly so get them whilst you can. All imo and GLA

I will check when I get the chance, but how close are OMI to a maiden drilling programme in Argentina. I don't mean financially (as we know they aren't financially ready) but more in terms of having drilling ready targets or not? If not, then what would be the next steps before they get to drilling in Argentina?

I think by December means in December. If you read the RNS, it's clearer:

"Following the successful meeting in Alice Springs on 11 September 2024, the Company has been advised by its Indigenous Relations Consultant that the CLC ratification of the Traditional Owners approval of the granting process for the Mt Winter EP(A)155 project is anticipated to complete in December 2024. Georgina continues to reprocess and remap the 2D seismic data in line with its farm-in obligations."

So it's December, not November.

The drop might be said to be overdone if you are referring only to Heron 1. But no one can really say for sure whether it’s overdone without knowing what the cash position is and needs to be going forward. We don’t know how much MATD will get for each bopd, because that hasn’t been announced. We also don’t know when sales will commence as the deal still needs finalising and export license needed. We also don’t know what cash is needed for the 2025 work programme.

If cash is going to be needed, then that will mean a placing. This will again be discounted and it will have to done at these levels.

So the question of whether the drop is overdone has to be answered by reference to cash position and need going forward and the likely discount for any placing. All imo and dyor

As soon as the accumulating at this level is done, the move up will happen in a flash. Will likely happen next week, and expecting a RNS from GEX as well. GLA

Too many hurdles to jump through. Still need PC to sign the deal, then have it approved by MRPAM, then get the export clearnance (a quick formality or another long drawn out saga), then sort out gas pressure issue at Heron 1, and forward plan for Heron 2. All this without knowing what current cash balance is.

As KR said, not worth touching until some or all of the above become clearer?

Only 1 week left before the site visit! Should get a move up next week me thinks. Anything below 9p is being gobbled up and once this bottom reversal is in, this will move quick as FOMO will set in. All imo and GLA

Sub 9p being scooped up. Shouldn't be long before they are all gone.

Could with some comms - hopefully the jurisdiction isn't going to come back and halt matters again. It's been non stop delay since IPO with Sri Lanka! Does the country want to get back on its feet or not?

You would think that after owning up to getting the timescale for Anza deal completely wrong, BG will be more careful going forward when it comes to timescales. So if he has said lab turnaround in a week, unless he gets a kick of out misleading the punters about timescales, then assays will be turnarouned in roughly that timescale?

Seriously folks try to let go of the personal squabbles. It’s like Groundhog Day on here. We’re all adults and strangers so no point getting wound up by posts or aliases. That’s just how it is on BB.

As for OMI, only LTH like Bhargav and Dr R might be able to say whether this particular local lab will turnaround assays in a week. I’m guessing they have been used before by OMI?

A lot of buys also reported as sells. I know because two of the reported sells were my buys.

Getting in before site visit which will kick off a period of positive newsflow here.

It’s all part of the accumulation below 10p. Every cheap share is being squeezed out and scooped up, going from weaker hands to stronger. Currently ~ 9p is about as cheap as you will get. (Before then it was 8.7p and prior to that it was 8.5p).

If you get any at these levels and especially below 9p then well done. All imo and GLA

High volume selling still. Best to wait to see where it settles. Needs a re-assuring update from MB, but doubt that will be provided as not heard from him since the summer. Therefore, left to work out what is going to happen, whether it's going to be good news or bad news. No idea what pricing has been agreed for sale of oil, or when cash will actually start to arrive and how much. No idea whether a placing will have to be worked in the background (and which might explain all the selling following the last one). No idea when the next update is likely to arrive here?

All of which means no idea where the share price will settle and whether and when it might recover!