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If we have a strong afternoon, I would say 1.15p. But the main thing is that we seem to have closed this gap, which gives us a new floor from which it will be off to the races again.

I think 1.5p is inevitable now. There are loads of folk who thought it would drop back to the placing price. All that fear is gone now, and instead this looks like it will be one of those HE1 multibagger runs. Once HE1 goes on a run, we all know that it just goes, and it's had some crazy (summer) moves in the past as well. It is one of the most widely followed stocks on AIM, and just ends up being a force of its own when it moves.

This looks like it could be one of those moments, with lots of money to be made if you let the move play out.

HE1 seems to be stealing the march on HEX at the moment.

I'll be happy for this to close around these levels. Like I said, it's not about today, but what price this will reach over the coming weeks and months.

Minimise your losses and maximise your gains. The latter also means not selling out too early. He1 has a MASSIVE following and so there will be LOTS of buying interest in this share for this upcoming drill and EWT. Once it consolidates and finds its new level, it will then make another move up. Will it be next week, the following week, or on commencement of drilling? Who cares...

I concluded about 18 months ago that this is just a punt share. Basically, wait for the placing, and then play the spikes. At the moment, the coffers are dry and so there won't be any drilling until they raise some cash. The discounts for placings these days are huge, and so it's best to wait to see where this particular discount lands. I definitely wouldn't enter before the cash position is sorted or clarified. All imo and dyor

It's not just about the share price today folks - it's about the next 2 months. Today is just a start, wherever it finishes. Now that is has broken through 1p, it's a case of letting it all play out over the coming days and weeks. Will it make a move for 1.5p? I think so as a LOT of sellers have exited already, and so there will be more buyers during this re-rate towards whatever level it reaches.

Looks like it's re-rating to me - and you will always get ramping whenever an AIM share goes up. 1.5p next target.

Thanks KR - that's what I was thinking as well. Hoping it will be a positive RNS next week followed by a positive presentation. But because he has just done a placing, if the news isn't good, maybe they think they need to front up and explain to investors. CMET did exactly this after they put out some bad news about their JV partner walking away. Plus on AIM, I always start from a position of distrust when it comes to CEOs and this one seems to have a track record of disappointing according to the BB. I've only just bought MATD on this placing and don't know the BOD at all (unlike say He1), so more difficult to gauge.

All depends on how the new COO does on the plan C. My understanding of plan C is that they are first going to bring the cost down of Stage 1 production. Alongside this, the new COO will be looking to secure vendor and offtake financing from existing parties who CMET are already in contact with (e.g. LB Group and the other two companies mentioned by Greg) and also his own network of contacts. If we start to get binding finance/offtake deals coming through, then you can see this being an investment share again.

Bit annoyed at this morning's rise as I was still accumulating...

Yes, does seem like Bres putting out "fillers" again for the sake of newsflow.

Having cracked 1p with a couple of weeks left still for basement drilling, we can now start talking about the next target here which on the chart looks like 1.5p. Will we reach it just on anticipation of finding more Helium in the basement? GLA

This is looking primed to take out 1p this afternoon. Last chance to get in sub 1p for what will be an incredibly exciting couple of months coming up here. GLA

Yes, hoping this will do well in the coming weeks. Getting in sub 2p will hopefully be the cheap entry. GLA

"We will continue to press forward to get to our goal of having tier one offtake agreements in place as soon as possible for all of our end products." Except hasn't he already said that binding offtake agreements aren't going to land until next year and after the DFS?

Also note that in the funding section, no mention of SI or AI funds awaiting the Prospectus, but only reliance on the DFC money. Bres had only £450k by the end of 31 March 2024. Since then, they have had another DFC tranche, but obviously that will largely be going on the DFS costs. So finances will be tight here and the sooner they sort out this out, the better. All imo and dyor

What do we think folks? Is the fact that they are doing a presentation next week a positive sign that all is well, or a defensive move because there's going to be a delay and they want to spin it away? Recently CMET did an investor's meet to explain the breakdown of their JV, and turn it into a positive.

I think it's a positive move, but with a little bit of doubt?

This is likely to go crazy next week if news is positive. A 100% rise is very much on.

None of the news being put out right now is moving the needle for some reason. We have speculated why that might be.

You're going to get lots of sellers as its retesting a (strong) resistance level. At some point, you would expect it to breakthrough - today/tomorrow could be that point. They've just raised millions and have drilling and then EWT ahead of them. You also have a chart with gaps that need filling. So buying sentiment should be strong for the next few weeks at least.

I think Smart Money/insiders will know what the play is here. We just have to anticipate the game that will be played this time round.

Tomorrow will be interesting!

Having now touched the 9s, we have likely said farewell to the 7s. It might shoot up on open tomorrow, and any pullback will likely find buying support in the 8s.

To be honest, 1p is a ridiculously conservative target to be talking about, when we are only 10% away from it, and we still have a few weeks left before drilling commences. I think we should be look at pre drilling level of above 1.5p. Especially as in April, in only 3 days, this made a move from 1p to 1.65p, on much less volume and without the bullish news ahead of it.

So tomorrow should be load up sub 1p day really. Once everyone sees that HE1 is once again where the action is, they will come running. Remember what happened last time round (and on a number of occasions before then as well) All imo and GLA

0.85p will become support tomorrow. 1p is incoming and could come as early as tomorrow. Once people see this clearly breaking out of this range, then it will bring in more buyers. Still a few weeks to go until the drilling starts, so plenty of time to make that relatively SMALL move from here to 1p and beyond. GLA

Yes I saw that they finished last year with only £25k. Did a small raise since but it was for a specific purpose. In order to drill their main projects, they will need to raise cash. The placing discounts at the moment, as you have already stated, are ridiculous, but WSBN could be one to enter on the placing.

How are you feeling about KAT? Still in or traded out on the recent spikes?