Member Info for Legalwolf

Has to be a sell surely?

I'm in with an initial small holding and will scale in. Want to see which way it goes (in terms of any flipping!) but I think it looks good so far and not necessarily expecting it to fall back. GLA

Page 22 of the Admission documents sets out the history and background to how many 'cheaper' shares have been issued:

1) On incorporation, the Company issued 5,500,000 new Ordinary Shares at a price of 1 pence per Ordinary

Share.

2) Subsequent to this, on 14 December 2023, Helix completed a pre-IPO fundraising, raising £861,000 through

the issue of 17,220,000 new Ordinary Shares, at a price of 5 pence per Ordinary Share.

3) On 11 March 2024, Helix entered into a Sale and Purchase Agreement with the Sellers (being Bo Sears

and Greenway Royalty Partners, Ltd.), for the acquisition of the entire membership interests in Hereford

Resources. On completion of the Sale and Purchase Agreement (which shall be on Admission) the Sellers

will each be issued 10,000,000 New Shares in the Company. (Doesn't say at what price!)

In terms of how many shares are subject to a lock in:

The Locked-in Shareholders (in accordance with Rule 7 of the AIM Rules for Companies) who, on Admission,

will hold in aggregate 14,600,000 Ordinary Shares (representing approximately 11.9 per cent. of the Enlarged

Share Capital) have undertaken not to (and to use their best endeavours to procure that their connected

persons shall not), save in limited circumstances permitted by the AIM Rules for Companies, dispose of any

of their interests in Ordinary Shares (including any Ordinary Shares that they may acquire through the exercise

of Options or otherwise) at any time prior to the first anniversary of Admission.

In addition, in order to ensure an orderly market in the Ordinary Shares, the Locked-In Shareholders have

further undertaken that they shall not (and that they will use their best endeavours to procure that their

connected persons shall not) for a further period of 12 months (subject to certain limited exceptions) deal

or otherwise dispose of any such interests: (a) without the prior written consent of Cairn and the Joint

Brokers; and (b) only through the Joint Brokers, in such manner as the Joint Brokers and Cairn may

reasonably require so as to ensure an orderly market in the Ordinary Shares; or if the Joint Brokers are

unable to make the disposal within five Business Days of having received a written request to do so by the

Locked-In Shareholder such other reputable broking service as the Locked-In Shareholders shall, from time

to time, determine.

A bit of a filler RNS this. It's pretty clear they are going to need funds, and more so if they decide to drill an appraisal well/re-enter Tai. I suspect the placing is being worked in the background. With the number of shares in issue, will they go for any kind of consolidation?

Is it Covalis who are still selling down and out?

Can someone point me to where it specifically states that the 1p and 5p shares are subject to a lock in period?

Fantastic news. Let’s hope this is the start of a new dawn for Chariot. Great to have the Q3 drilling confirmed as well. If yesterday’s high volume is anything to go by we should be off to the races from today. GLA

Well at least we got rid of a lot more of the supply that there is around at the moment. Therefore, hopefully when it does breakout (on news?), there will be less of this selling 'debris' in the way of the next move up.

RNS must surely be days away now?

I think it's clear that the GH ramp has run its course, and she's now moving onto a new project, which can be spun for the next period for the next set of gullible investors. Either way, MASSIVE dilution coming up here now off the back of this news.

Looks like it's getting ready to breakout to me. News must be "imminent" (wry smile)... GLA

Crazy. No strategy at all. Where are the funds going to from for exploring this new project. The last one was given away for next to nothing. It’s obvious GH is going no where and so now it’s copper and silver 😂

I didn't get buy orders filled on Friday either, albeit they were cheeky ones for 4.2p. Unless there's a sudden deluge of selling, I think the remaining shares below 4.5p will get taken up over the next few trading sessions, and we can then make the next move up.

What price will this be at when the RNS lands at the end of April/early May? There will definitely be high volume buying following those RNS, because a lot of folk will wait for confirmation of the deal before committing some or all of their funds. So I would expect a decent move up on confirmation.

"Now he is so repetitive and boring for me that I find it hard to concentrate. He is is the type of guy that will be using the word ‘potential’ for decades to come."

That funny Pauly80 - because the very same can be said about your posting on KAV. Give it a rest with the agenda led posting and if you really don't see any reasons for optimism here, then no one is compelling you to hold any shares!

Looks like the shares under 4.5p are currently being accumulated, with selling at these levels being soaked up by buyers. Junior goldies are starting to perk up. If this continues, we should see another push towards 5p very soon. All imo and GLA

I think the first set of decent gold results from Zim should take us towards 1p. I wonder how close KAV are to releasing them?

I think a close above 5p is the next move and likely within a few trading sessions. Then we go for the gap between 6p and 6.7p, which is likely within weeks. Let's see how it plays out.

I also got quoted 5.2p for £2.5k before it reverted back to 4.7p. So it's not easy right now to get many shares below 4.5p. As I said before, the cheapest shares are being accumulated away at each level, before the MM are ready for it to move up again. Get what you can and whilst you and hold onto them. It's going one way, and that isn't down. Why would it go down when it's on the verge of its biggest news in 18 months and cheap as chips.

So the de-ramping makes no sense at either a fundamental or technical level. Come back and de-ramp when it's much higher and you can argue that it's going to fall because all the good newsflow is gone, or there isn't any money. But to de-ramp right now is plain stupid and futile imho.

Err... I don't think so. I'm being quoted 4.7p to buy £2.5k. That's way outside the Ask, so clearly shares are in short supply at the moment! So this is only going one way, and that's up!

there's also the money that's gone into the company incorporated in ****stan. is all that accounted for?

Don't we already know who the seller is from the recent TR1? They were still holding a lot of shares at a the point of that notification, and so it would be no surprise if they are still selling out. Still leaves the question of why, which only they will know for sure.