Member Info for Legalwolf

If they were looking at a JV or funding, I am sure OMI would have put that in a RNS. In fact, any positives right now would be put in a RNS. So that's just fantasy land wishful thinking.

I have to agree with Seingred and others. Whether or not the majors are gaming OMI here, the delay is proving to be very costly. This now has 2p written all over it as the next move, which is another ~ 30% drop from here. The problem is that the £500k raised in February will long since have been spent. So now OMI is going to need cash for the modest Pepas drilling AND to put together the next drilling programme AND for its own working capital. So at least £1.5 - 2 million is going to be needed.

That's going to require a heavy discount in current market conditions. Wouldn't be surprised at all to see it done sub 2p given the s show this has turned out to be. All imo and GLA

There's obviously a problem with the deal. Negotiations over small details don't drag on for nearly 6 months. Or a placing is being worked in the background. All imho and dyor

At this rate, the money that is left in the pot is simply going to end up being spent on wages. Days are turning into weeks, weeks into months, and months into quarters. How did OMI ever end up telling us it would be done by April?

The reason that there's no buying is because of the market's fear of a raise. Do you risk buying at 3p, only to then see a fund raise at 2p. Even if there is no raise before the Pepas drill, there sure as hell will be one during or straight after it. It's a paltry amount of drilling that is going to be done on a paltry shoestring budget. So the fact of a raise straight after drilling is going to limit the extent of any share price rise that can take place before it.

So whether trading or investing, do you get in ahead of the raise, or wait until after it's done, is the question?

Assuming of course the deal goes through, when it's still being negotiated 5 months after being announced.

Even at the national level, it's not money that makes the world go round, but debt. Most countries run a budget deficit each year. America's debt is $35 trillion. 10 years ago it was $15 million. They just print their way out of it.

Debt is now THE way of life, and not simply A way of life. The concepts of going without or living within your means doesn't exist for many. Affordability is what you can borrow, rather than what you currently have.

I was going to say that we don't teach money management at school, but then what is the point of that when the society these students will operate in will be based around credit, and they themselves will likely be around £20-40k in debt if they go to university.

I'm also not sure there will be any re-rate until after results are in. Nothing is guaranteed, and disappointments with even the most highest probability drills are common place on AIM. HEX is entering the highest point of risk, and that's why the seed investors and early entrants are de-risking now. It's the logical point for them to do so. This selling can then impact the sentiment of others. When folk see that the share price is not rising on anticipation of drilling, then they are less inclined to jump in ahead of results (and it is illogical to do so in these circs). Equally, some of those who expected a rise into drilling, get more nervous when that thesis hasn't played out.

HE1, according to their RNS, are potentially on the verge of announcing a discovery, and they haven't seen a rise in the share price either. Maybe the market is not so buoyant right so as to get carried away ahead of actual results? All imho and dyor

On the one hand, it is being argued that Bres has a SI "committed" to putting in the £2.5 million, and even at higher prices if needs be. Yet on the other hand, Bres are still engaging with other potential funders. So which is it and when will it be concluded? No one can give a definitive answer to that which = uncertainty, which = the premise behind my post.

The issue is not about the availability of, or access to, funding. It's more about the fact that in the junior resource space, until funding is actually over the line, the market will view it as a potential risk, and which imho is why the share price is not going to re-rate in the interim period and until (whoever provides the £2.5 million) is over the line. That's my main point. Others can disagree, which is fair enough, but the share price speaks the loudest and clearest.

This needs the SI to come in and conclude their financing. As MR has said, it's dragged on long enough already. Without this, there's a big gaping hole in the DFS finances coming up here, and so hard to see any re-rate until that is filled, and we see at what price it is filled. If the share price drops to 4p or lower, do folk still think financiers are going to come in at 5p? Maybe they might, but it is a risky to presume so. All imo and dyor

ATL = all time low. If HE1 report a negative RNS, then share price will crash. The nomad and insiders will have bailed out already and the retail holders will get wiped out.

It's a very high risk all or nothing situation. Basically a complete gamble. How many companies report successful drills, no matter what the promise beforehand. Much better to trade AFTER the RNS imho.

I think a better measure is to look at the £volume rather than just the number of trades, although it's right to say that HE1 is one of the most heavily traded stocks. However, I think the herd has become smaller with each bit of misbehaviour by the company, such that the more recent looking positive news have not resulted in big moves up. I think if they were close to a discovery, there are enough players in the market who would sense that and it would show in the share price. But the market clearly sees risk ahead, with a risky company.

If the next update at HE1 is bad, it will be an instant and massive hit for holders. Wouldn't be at all surprised if it hits an ATL.

Swissy - HEX and HE1 are approaching high risk stage. I wouldn't want a large slice in either of them right now, but then I am generally risk averse when it comes to AIM drilling results, and usually step aside. I note that HEX have chosen to drill their highest risk target first. Could it be a Tai and Itumbula situation (the first drill tanks the share price and the latter rescues it?). Most of the HEX seed investors have dumped already and will be on a free ride.

HE1, as you say, too many games and manipulation to make it worthy of a serious investment. There's something about that RNS that just doesn't come across as overly positive to me. I also suspect that there will be insider knowledge and dealing before the retail cannon fodder are told the outcome of the EWT.

As for GEX, whilst it is not drilling until December, if either of the other two do well, then GEX will become the obvious go to play for the next big Helium trade. I think this would continue to support its share price at a decent level, even though drilling is months away. But if HE1 and HEX both end up as dusters, then GEX might not have the same appeal.

Too much dilution and they have a share subscription agreement, which basically means a large seller in the background, which is why the share price struggles to go up. The projects, however, do seem amongst the better ones on AIM and they now have a JV. But sadly damage has been done with the share subs agreement, which is set up in a way that the higher the share price goes, the more the seller loses out (i.e. have to pay ORR).

Isn't DQE a subsidiary of PC, so they will be using PC marked tankers anyway? Doesn't mean that there's a deal with PC, as that would need RNS and no reason whatsoever that MATD would not RNS such big news.

Getting ready to breakout of this cup and handle hopefully on “imminent” Nara results. GLA

We have all become cynical when it comes to HE1 RNSs. This one didn’t give any specific information. Not even the higher concentrations which is a puzzling omission. I can only surmise that maybe they were looking for something more significant and didn’t find it. Hence why they don’t want to overdoit with this RNS.

But maybe this is the cynicism taking over?

What selling???

At least GCAT is protected from the wider market carnage!

Not sure you want to release a good news RNS during this market carnage?

You're right about the summer - usually a weaker period and I've detected that on AIM in recent weeks. Probably a case of sit on the side lines for a short while and then identify the stocks to buy for the bounce back.

Fed cutting rates will help, as will stability in the ME.