Member Info for Legalwolf

I was merely giving my personal view, based on my own experience of AIM and of He1. We have to be realistic here. AIM is a volatile market even at the best of times, and the junior explorers in particular. The share price is unlikely to be able to go on a SUSTAINED rise in the following circumstances:

1) there is no confirmed commercial discovery and questions remain about it.

2) these questions are not going to be unequivocally and definitively answered now until the EWT and/or the appraisal drilling.

3) the first of these events is not taking place until Q3.

4) it is highly unlikely that He1 will attract offtake funding or JV during this hiatus period.

5) but it is highly likely that He1 will need to do a raise during this period.

I just don't see how the AIM punters are going to do what they never usually do in high numbers, which is have their money bleeding down in this share for up to 4 months before the next significant milestone event is prepared, especially with all the anguish and opportunity cost that entails. And not when there's a placing happening beforehand.

As Trek put it, there's a time to be in these companies (operations) and a time to be out (when they need money for operations).

So I'm expecting a sell down (as is the AIM usual response in these situations), then a period of funding uncertainty for the Q3 EWT. Once funding is resolved, that is when I suspect the herd will be back.

Maybe NHE might be the better bet in the short term, because they will be moving to appraisal stage very shortly? In fact, their appraisal results could effect the He1 share price (positively or negatively) as well during this 'hiatus' period, so I would also factor it into my analysis.

I could be wrong of course, and never trade or invest based on my personal opinion. Price action is always king, so I will keep a watchful eye on the share price, but unless it tells me differently, I don't anticipate having large funds tied up here waiting for Q3. But each to their own. All imo, dyor and GLA

There is now unlikely to be any significant newsflow for the near term. The share price is going to close at its low and I suspect it will drip down now until things hot up again in Q3. In between now and then, there is likely to be a placing and we know how much discount He1/its brokers like to give.

I'm relieved I resisted the urge to buy in advance of today's RNS, and suspect the price will be back below 1p when they resume operational activity in Q3. All imo and dyor

Folks, everyone knows that an AIM company is going to put the best possible spin on things it can. This is to be expected. Therefore, a RNS is going to contain a mix of factual and actual, as well as possibilities but which depend on contingencies. Here, it is quite clear that He1 has not yet proved it has a commercial resource, both in terms of flow rate and size. For the former it has said it needs to undertake a EWT and/or appraisal, and for the latter it will likely need an appraisal well. The timescale for the EWT is likely to be 4 - 6 months. An appraisal well or re-entering Tai is likely to be next year. This is a very long time on AIM, in terms of the patience of most AIM traders/investors. It is also inevitable that they are going to have to raise again for the next stage.

Give it a few days or weeks, and there will likely be a temporary loss of interest in this share, until they are ready to get going again in Q3 - although in saying this, much depends on the comms and what newsflow they have lined up until Q3.

I suspect 2p will be ceiling and 1p will be the next placing price. All imo and dyor

Apparently he/she will be done with their selling this week!!!

Presentation states: "drilling to commence shortly" and he says "due to start in the near term", so I assume they are on track?

You have to be fair to Joe80 folks, he did call this! But as I have discovered previously, that’s not how bb work and it isn’t worth the bother.

This RNS is clear that they don’t have a commercial discovery as yet as they need to do the EWT to establish if they can get commercial flow rates and then drill an appraisal well as well.

I was expecting a EWT to happen much faster because the previous RNS suggested they were going to move quick. Now they are definitely going to have to raise again and especially for an appraisal well. And we know they like to give large discounts when raising cash.

One for the watchlist until Q3 then and after the next fund raise imho.

Well at least the share seems to be bottoming out here, as we surely get ever more close to a Loukos update?

Another Groundhog day on here by the looks of it. I'll check in same time tomorrow to see if the battle of the J's has moved on at all.

Joe80 - I'm amazed that you are still holding despite the grave doubts you have about this discovery, and therefore the next RNS. Absolutely no way would I sit on a near 10 bagger with such deeply held negative views or concerns.

In an amongst today's RNS news, there was also a tweet also re progress being made by Pambili, in whom KAV have a strategic position.

https://twitter.com/Ben_Turney/status/1765244948637470819

No danger of being spiked, because this is just the beginning of the newsflow here. Just add on any pullbacks imho!

Yes, BT has confirmed that KAV have more financing lined up, in addition to these near term revenue generation projects and that KAV therefore has no more need of "low ball broker led placings" - his words, not mine. So things should start to look up from hereon. All imo and dyor

Todays RNS are worth reading - first gold MRE from Nara dump with an estimated 11000oz - doesn’t need mining but processing. Early opportunity for revenue generation. Much more to newsflow to come - gold drilling results, KCB drilling campaign to start and a new project to be announced.

Me too. Fantastic news and much more to come from KAV.

JP - have a listen to the below. BT has specifically addressed the options for near term and longer term revenue generation, and stated the following:

- They drilled tested the dump at Nara and have results internally which are positive. It's a reasonable size dump with "we hope a reasonable size grade in there".

- They are now waiting on the Resource Geologist (RG) to confirm the internal results they have had.

- Assuming the report from the RG confirms their internal results and expectations, they will exercise the option on Nara and install a processing plant for the dump.

- They have also pretty much secured their first deal following the recent conference, which is subject to confidentiality, but they will be making an announcement on it in the near future.

- BT also states they are fully funded for current work programmes and have options for financing following that as well.

I'm definitely looking to add more and this sounds like it will certainly be an eventful and news filled year, and I can't see anything but upside from these levels given what is coming up on a number of fronts (Hillside/Nara drilling results, near term revenue generation from these projects, KCB drilling confirmed for April, new project soon to be announced) and the fact that financing is in place meaning no low ball dilution.

https://twitter.com/ben_turney?lang=en

Why haven't we had the Cottesloe assay results? Are they not well overdue now, or are WSBN simply not going to bother releasing them to us?

The news needed here is not about more exploration, but what is happening with the offtake funding for the project. Although expanding the resource through further drilling is a good thing, you don't want the next 6 months to be only about exploration. That will drain existing resources and involve more dilution. The plan for this year surely has to be to move into development asap.

That said, if any further exploration is going to take place alongside development, and the funding is close, then brilliant.

I wasn't baiting The Bold, I was genuinely wanting to know how/why you say the selling will stop this week. That is a very relevant question for those us considering adding more but being hesitant to do so because there's a large seller on the loose here.

I also thought that Chariot was fully funded for this drill. I might have read it but have a hazy recollection of hearing it from JMW in a webcast. Either that or the recent one that AP did, because those are the only two videos I have watched since re-entering here.

There does seem to be some support/buying at this level, so let's hope it's the pre RNS bottom. All imo

The difference between now and previously, is that the BOD are now accountable to the Kasangra family, as it's their millions that are currently being spent by the company. If they don't deliver on their hype, they won't last too much longer in post. I think BT moving to Zim is a sign of serious intent and commitment as well.

I can understand how you can surmise it's a large seller, but how can you be so specific and say they will be done this week, when they have been selling since December?

I'm open to the possibility of a forward sold placing, or a large seller(s). I know there hasn't been a TR1, but I don't know how reliable that process is, and whether they are required at the point of crossing thresholds, or only once a seller is done? If it is a forward sold placing, then it would be usual to announce it before you commence your operational activities.