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As BT has said in his tweet, this is a perfect time to be drilling for gold. It just needs some decent results to kickstart this. There aren't many shares floating around at these cheap levels, and so it will move quickly if the results are half decent, which BT has suggested they will be.

I remember the fallout from ADV (the 95% COS). It was even worse than He1, with at least one story of someone becoming suicidal. Very difficult when you read stuff like that. As He1 has demonstrated, AIM can be a rotten apple and usually is. Often the biggest danger to your holdings are the BOD themselves. Takes a while to realise all this and then factor it in.

A placing at 0.25p was criminal and totally avoidable, but still they did it and wiped their loyal shareholders out.

Very few trustworthy operations on AIM. All imo

Goldgirl - "DON'T DO IT". It is one thing losing your own money in this share, as ultimately you (mostly) just have to deal with yourself (and the consequences to yourself) in the aftermath. But it is a completely different situation to risk the money of a loved one, and thereby drag them down with you. In fact, it is borderline treachery towards your loved one to do something like this with their hard earned money, unless they are filthy rich and £3k is totally insignificant to them.

As others have said, this is a complete gamble/punt. So only put in what you can afford to lose, because there is a fair chance that you will lose it.

And if you simply can't stop yourself from putting in more, than maybe only do that if the trade starts to move in your direction. At least that way you have a better chance of adding to a winning trade, rather than throwing more money into a losing one. All the best

Let’s see Troajan. Let’s see

You can’t compare KAV and He1. Kav have just raised £6 million. So you can invest without the worry of a fund raise. He1 are in between placings with billions of cheap shares to churn through. This time there is no run up to drill. No Rig mobilisation period.

On 3 January they could RNS to say they have spudded and then you will end up holding into results. And in February they will need the cash again. Will they wait for results before raising again?

If He1 were cashed up and this was the first of two or three drills and they were fully funded for them then yes this would be a good time to get in.

So it’s a very risky trade. All imo and dyor

Well done Clausewitz - great post and refreshing to finally read a well reasoned and balanced post on here, covering the likely risks as well as the rewards.

I also agree with RJ to treat this as a fresh trade - but not necessarily some of his analysis. What won’t change with the fresh trade imho is the clamour for the exit door in the name of de-risking. That’s what 90% of folk on here said they were going to do in the run up to Tai 3 spud. I suspect that’s what many will intend to do again this time around.

But this time there will hardly be any run up to spud and the next RNS might even confirm they have spudded. So again this fresh trade might inadvertently turn into a prayer on Itumbula results.

So yes beware indeed. All imo and dyor

Yes, that's fair enough Trojan. KAV have talked big in the past and not delivered under this CEO. Tbh, most AIM companies are like that though. As you say, much will depend on the results they get from this gold drilling. It's not quite wildcat in that the projects they are drilling are known to contain gold which has been mined, but I take your point.

Maybe it's a case of wait to see what their results are, but if they are half decent, then I do think the stock will make a decent move up. There aren't many shares floating around at these levels, and only 40% of the free float is available to trade.

Let's see what happens....

Whatever their motivations and reasons, I just find it a bit troubling that the placees are offloading their cheap shares en masse, and find it difficult to reconcile that with the notion that the stock is primed for a big move up, immediately after this massive churn. That would mean the smart money exiting at the lows, and wasting the golden opportunity that the 0.25p placing has presented to them - i.e. becoming the dumb money and missing out.

So definitely something to think about imo.

Anyway, I will leave it there and GLA.

Bebeto - but they obviously don’t see a multibagger scenario in that case. Any tax offset would surely not be as high as holding for a 6x to 1.5p!

the only wally here is you turd. it wasn’t me that got burned here pal. and you are totally obsessed with me, like some kind of weird stalker. must be over 150 posts now from you mentioning me directly.

10p to 0.25p, rig breakdowns, incompetence, manipulation, duster, etc hasn’t really left much to be positive about. during this period i have had my head out of my **** unlike you.

take a reality check and quit with the whiny and snidey remarks. nearly everyone has woken up and smelt the bs here except you.

It also doesn’t fit with the fact they have offloaded the 0.25p shares en masse at the first available opportunity-even before they have been officially admitted!

I also think it might be worth a punt (but haven't taken that punt myself). I don't believe in the fundamentals to the point of betting money on them (never have really) so I think it's a swing trade at best. The two main reservations that I have about the punt have been around the following:

1) Drilling is not yet confirmed. They released a howler re the Rig in January 2023, and will it be dejavu in January 2024.

2) Why have pretty much all the placing shares been available to buy at below issue price? Now, they didn't let retail take part in the placing and have 0.25p shares that way, but as soon as the placing is done, they can't wait to offload those same shares to retail, at even below 0.25p, on the open market. Bit of a head scratcher this as to why they are letting these cheap shares get away so... err... easily and cheaply, if the stock is primed for a big move up.

I'll do my best KR, but the BOD do make it impossibly hard to say nice things about them!!!

Troajan - I'm well aware of KAV's past and let's be honest, nearly all of these AIM companies have a past. He1 has the worst recent past of any, yet that doesn't necessarily mean it's not a good shout for 2024. Often the most money is made after the failures and when the shares have bottomed. Hopefully the market for juniors will turn in 2024.

But let's see shall we - it's just a tip and you can turn your nose at it if you want, no skin of my nose as they.

RJ - did you buy in today, or decide to wait it out?

KR - you better hope they fix the Rig on time first. They've raised before, and then immediately moved the goalposts to give themselves another year of wages. Would be typical of them to issue a RNS in early January with some more nonsense in it and which tanks the share price even further.

But these are the risks that come with He1, as we all know by now, except Dai by the looks of it, who's a bit slow to catch up. But maybe the penny will drop for him in 2024. We can but hope and pray for him.

Thanks for the tip Xviolet. Would be good to share these in the run up to the new year. On the gold theme, KAV are drilling in Zim with results from their first project due in the new year, and the CEO has said the visual inspection of the cores were the best their geo had seen in his entire career (yes i know, pinch of salt). Director's have just bought £500k on open market at 0.8p, following the £6 million put in by investors at 1p. You can still buy them at sub 0.7p, but not many.

Fully funded for 2024, and drilling for gold and copper throughout Q1 and Q2.

I think there's at least an early bag (or near to) in it, and that will happen if their assay results are as good as they say, because they also have means to mine the gold as well.

But dyor and the CEO has done a couple of recent presentations explaining this all.

Lol Poorinvestor - well the Artful dodger has bought in and had a conversion on the road to Rukwa by the looks of it. I'm waiting for the Aligator to swim up and start banging the He1 drum as well 😄

KR knows I speak only the truth and wisdom! He has followed NOMAD Wolf advice in the past when it comes to He1, unlike you (and most others) and it has kept him out of trouble. He also knows, I am sure, to bail out with his (hopefully) profits with this new trade at the first available opportunity - I hope!

The more pertinent question imo is why the price has barely moved on pretty much the entire new free float being traded? Is that basically MM keeping it at these levels because they make the most money from keeping a tight spread and high volume?