Member Info for Legalwolf

RJ/Joe80 - I agree with both your last posts. They will definitely want to put any positives out to market as soon as they can. So next week is reasonable to expect an interim update given that TD is only 800m this time.

RJ - why is it wrong to short a share? The markets are all about speculation, so if people want to bet against a share ('sell high, buy low'), why shouldn't they be allowed to do just that?

I'm inclined to agree with Dai on this one. If they find nothing of note, they won't just come out and say that, but they will instead put a positive spin on it, thereby making out that the Rukwa dream is still alive, and they can't wait to get back out there and drill again. Of course, and before I get accused of de-ramping, yes they might genuinely find something of note, and not need to spin any yarn at all. But they will be desperate and praying that they have something newsworthy this time round otherwise it's hard to see any way back. All imo and GLA

Had you taken the good DR's advice (and medicine), you wouldn't have been such wrecks right now nursing heavy losses, with totally unconvincing pretence of how the sun is shining, or is about to shine. Truth be told, it's like dealing with a bunch of heroin addicts, or should that be helium addicts? Of course I have an interest in the outcome, I've been in and around He1 since not long long after its IPO listing, so probably a lot longer than most of you. Anyway, I will try to post less because I don't want to get in the way of you ramping this particular punt trade that you are engaged in (whilst pretending to be here because of the fundamentals). Good luck with it.

RNS seems like flannel to me, and probably issued to appease the call for news. We know ORCP doesn't have the money to spend on this project going forwards, but does Rivergold itself have the money required to get this to value inflection point?

Skippys - your posts are just descending into completely weak and non sensical argument, trying to find positives where there are none. The issue is not whether the company remains a going concern on a duster at Itumbula. It's about the new reality it will create, as follows:

1) Share price will tank as (another) duster is announced.

2) Share price will struggle to recover because the market knows they have used up all their cash.

3) They will then really struggle to raise sufficient funds to re-enter Tai 3, and as I said yesterday, might decide not to bother because the basement fault theory will have been undermined by the Itumbula duster.

4) The other projects are going to be even more costly, because they have no drill ready targets on them. So they need to spend £millions to get them drill ready, and then more millions to drill. It's simply not happening.

For shareholders, this is a bad enough scenario as it is, without trying to draw any false comfort from the fact that the company might continue as a going concern. The only concern is the share price. It will be decimated by any duster and then also by the dilution that will follow, which will most likely only be to pay for lifestyle wages (not exploration).

If you want to talk up a discovery that is fine (and logical), but don't try to spin any positives from a duster because there are NONE. All imo and dyor

PP - re KAV, the full £6 million has been raised and the Stage 2 shares have been issued following approval of Prospectus. Rule 9 waiver was voted through as per below:

https://www.lse.co.uk/rns/KAV/result-of-general-meeting-q8xq9c1uat3z35p.html

Honestly Turd, you're actually getting very boring and are nothing more than a minor irritant. I answered the question earlier this week in response to Skippy. I valued him enough to reply and answer, but have never held you in any regard. So go and look it up, because I can't be bothered to repeat it for the likes of you. I've given you a pointer though as to which posts to go through, as I know you love doing that. A little treasure hunt for you....

Realistically, doesn't Tai 3 stand or fall with Itumbula. If the basement fault theory doesn't yield a discovery at Itumbula, then I can't see how He1 will convince the market to give it another £7 million to retest the same theory at Tai 3? They will be up the creek and without a paddle.

Surely, the only way Tai 3 gets drilled, or gets the money to be drilled, is on a successful outcome at Itumbula. But even then, would He1 spend that precious cash on Tai 3, or would they go for appraisal drilling at Itumbula?

TS - the first hope is that CresWick results actually arrive on time (whenever that is - not really been following all that closely). Then you can hope they are decent.

From past experience, if they are late/delayed at the labs, then that's usually a sell signal here. All imo and GLA

I was tracking both and missed the entry. I don't like chasing, especially on AIM. ORR might still have legs, but I noticed they won't be drilling at CLP. OMI all depends on whether they manage to unlock their JV. I'd be wary of touching it now.

I know this one is not popular with all, but keep an eye on KAV. They are back to back drilling two gold projects both of which are already known to contain gold (second one has a revised target of 1Moz). They are about to finish up at the first project and move straight onto drilling the second - they have their own Rig. IF the first set of results are half decent, and co-incide with a strong POG, then it's as cheap as chips right now. Circa 60% of the stock is also very tightly held as well.

Mental - next thing you will probably get is about how busy the labs are right now🥱

Thought i'd check in on this ole dog following the RNS. I couldn't agree more with Dan's post that it's mere flannel v actual results. Can't remember the last time ECR released any results worth getting excited about and investing in. Will they break that particular trend, in order to have any chance of breaking the downtrend.

Joe80 - what did you make about LB's explanation for why they couldn't carry on drilling the basement, which boiled down to not having the right drill size/equipment, and that it would take 6 months to order and is costly? I was also wondering why this same issue doesn't apply to basement drilling at Itumbula?

BTW, I never suggested that they would case a dry hole. Before forming a view on that, I just wanted your view on how much extra cost He1 will have incurred by casing at Tai 3?

Thanks

Turd - I have already answered the question. You like scrolling my posts, and so you can go find the answer, because quite frankly, you're not worth the time and effort of repeating myself. Or just stick with one or more of your conspiracy theories, whatever floats your boat.

Skippys - you've gone from semi decent poster to chief clown right now. 6 months of almost non stop positivity (which has all turned out to be bs and losses) and still you keep going. Must be another massive ego that can't face up to reality.

I'll save you and Turdot the bother of looking at my posting history, my last call here was 0.2p when the rest of you were ramping it would rise on spud.

What price is it today?

You don't want it to go quiet (i.e. low volume) at 0.2p.

Lol - the rampers definitely won't want anyone to see yesterday's interview😂

Turbot - you seem to be a few short of a picnic, so let me give you a simple newsflash: I DON'T have anything positive to say about He1? Why? Because I stick to the facts and the reality here, not blind hope/faith like you!

Let's hope she has perked up for this one and actually sounds confident, rather than another nervous and scripted performance!

JH - if the results from Itumbula are poor, then the basement play will have failed, and they won't bother re-entering Tai 3. LB said ordering the drill items needed for Tai 3 would take 6 months. They won't incur those costs, or the time, unless Itumbula results are positive imo.

"Erode confidence"🤣

What confidence? The company itself has done a fine job of that by itself.

Whilst you continue your fascination with me, and count my posts again, why don't you also come back and tell us how many posts have been incorrect?