RE: Georgina Energy (GEX)31 Jul 2024 10:23
KR - I rarely hang around for results on AIM, particularly with these high risk O&G drills. This approach won't change for any of these Helium plays. I've already taken two thirds profits on HEX for example, and will likely exit the rest before results.
I do like GEX though - was reading the Prospectus and around 25 to 30% of the free float is subject to a lock in. So you are talking an actual free float of circa 60 million shares. On the flip side, there are holders at 0.85p, more shares to be issued (e.g. performance shares) and warrants as well. But nevertheless, with 5 months to drill, there's plenty of time for it to rise. And if in that time either HE1 or HEX make a discovery, that will be massive for GEX as it has by far the biggest project of the lot, and I would expect that a LOT of any discovery profits from HE1/HEX will make their way to GEX.