Member Info for Legalwolf

Yes, but he's often the 'go to' for promoting junk!

I hope they don't go for Victoria because its the cheapest option and way of creating some newsflow? The Victorian projects have delivered naff so far.....

I'd add the "wider licence renewal" to that list as well. I think this is a risk, until or unless ORR say it isn't (have they already?), or the financing goes through (which would also indicate that it isn't a risk), or the renewals are actually granted.

BTW, at this share price, are they getting enough monthly sums from Landstead to meet their current operating costs?

My thoughts are similar - why announce dilution to the market when your share price is at a low already and your flagship project is in care and maintenance? If the plan is to get Anza back, then surely all resources OMI has will be needed to progress Anza, and so this RNS and project expenditure doesn't make sense from that perspective either.

What exactly are the BOD trying to do here, as its not making much sense of late? All imo and dyor

Nothing to add folks, in terms of either shares or to my viewpoint. I remain waiting on ECR to reveal its next drilling plans. If they are based on Victoria, then I'm simply NOT interested. I've been there, done that and got the ripped T-shirt. On the other hand, if they base them on QLD, then definitely interested. So let's see....

The low volume does not suggest a leak to me? A trader's spike, or rise on anticipation maybe, but there's not been any significant difference in volume to indicate a leak?

There are no rights and wrongs here. As I've said before, it's not an exercise in synchronised swimming. We don't win or lose or miss out together, but individually. I would imagine that each of us has some winners and losers in their portfolio at the moment, meaning we all make correct calls and incorrect calls?

I'm certainly not advocating my own approach to others, as it could turn out to be totally incorrect. The worse thing you can do in fact, is to lose money, or miss out on an opportunity, based on someone else's judgement call, unless you are part of a team with them.

So form your own view, based on your own conclusions (which can incorporate views expressed by others if you think they are valid views) and then absolutely own that decision and learn from it, whether it turns out to be right or wrong. All imo and GLA

Maybe we are approaching the period where it's not worth arguing the toss here anymore? It's a bit like debating who will win the cricket world cup. It's okay to have that debate in the days and weeks beforehand, but now that the tournament has started, let's actually watch and see what happens. All being well with the Rig, then this time next week, He1 (and NHE) might well have completed the first drill? The results will follow by month end and will settle all the debates and differing views in recent weeks and months about a discovery etc? GLA

Apologies, I obviously hadn't heard the interview or even been aware of it, and just waded in ill informed. Well that's all good then and GLA

I think it could be the lack of comments in the RNS about this latest development, whether it is viewed as a positive or negative by CMET itself. What is the President's reputation for doing everything right, and by the book, for example?

Does this step add more risk and uncertainty, or delay, or is it re-assuring and another step in the right direction for CMET? All imo and dyor

Could be a leak, or could be a bull trap, which will be sold into this pm. Which will it be?

You pay your money and take your chances, as the saying goes.

Sleepydave - I'm not going to lie and say I've not been tempted at these levels. But so far, I've managed to resist that fomo and stick to my strategy. With these moves in between expected news, there's always these mini bull and bear traps on AIM that occur. I'm 'happy' to miss out completely if needs be. There's always another trade out there. The risk/reward has to be right at whatever level or time you get in and the opportunity has to be clear and not foggy.

We all have our own strategies, risk assessment and tolerance. For me, the issue with the Rig has just fortified my own previous decision to wait for results. It just cuts through all this stressing about the Rig, and whether/when they will get it up and drilling again.

Also, we sort of know now that there won't be a massive rise in the share price until the earlier of gas shows or final results anyway. There wasn't such a rise on anticipation before the Rig broke down (in fact the share price went down), and within 4-5 days of this drill being resumed, they will be at TD anyway, meaning there isn't much of a window for a rise anyway?

I could take a small punt now when the risk is heightened, or I could take a much larger position when much of the risk has been taken out. Which of these is the better trade i.e. will make me the most money, or will lose me the least money, when I look back in a couple of months' time?

Not agitating or de-ramping here, but just sharing my own thinking/thought process, on what is a share discussion board after all. Happy for others to pick flaws in it, or disagree, but as I said from the outset, it all depends on our strategy and approach to risk (assessing it, tolerating it and managing it). All imo and GLA

Yes, but what is the assumption based on? If it's not based on anything specific, then it's not based on any probability, but a complete and random hit and hope for the best, which you can just assume for any company then if that's your approach.

As for the Sheikh, other than his private holding in ORCP, do you actually have any detailed knowledge or confirmation of what money, if any, he has actually put into the green projects? Same goes for these MOU partners - what money have any of them actually spent on the green projects, which they don't actually have a stake in?

Maybe these are questions for Naheed to answer at the next Q&A? All imo and dyor

There's no debate to be had. The share price is in a long downtrend and every time there is a placing, which is about every 4 months, the share price undercuts the placing price. When these latest placing shares are admitted on 27 October, then the share price will fall below 0.02p. Why? Because there simply isn't the buying volume here to stop that happening. There isn't even much of a spread to attract the traders, and they only cause temporary spikes anyway, which doesn't really help investors.

The only thing that can stop the rot is what has caused it in the first place, which is financing. Or some other kind of major binding development on one of the major projects here. But we already know that financing on the green projects won't happen before 2025, and before then it will be mostly studies, which won't move the share price needle. In fact, all they will do is increase the cash drain as they will need to be paid for.

So the overall investment question here is: if I make an investment today, will news land on Thar Coal (or any of the projects really) and/or will Naheed obtain external financing for ORCP's working capital, before the next placing is due in or around February 2024? If you believe it will, is that based on something concrete or specific, or is it merely hope and belief again?

Because otherwise, you can be certain that the next placing won't be too far away on the current burn rate + the studies they need to pay for, and will again be heavily discounted. This means the downtrend continues, the share price falls below the price you pay for it today, and the sorry cycle of making losses continues.

This is 100% the reality, and it's not a new reality, but the one that has been playing out for the last X months, unless you are blinded to it by hope and belief. All imo and dyor

Yes, wasn't there a post here earlier about 'someone' from the Telegram group getting a message from 'someone' they knew working on the site about the specific Rig fault? Wonder if they will also get a message about parts arriving and repair!

We all know that He1 doesn't always keep a tight ship. There's every likelihood of the news leaking before the market gets updated. Therefore, it wouldn't surprise me if there's a spike in activity just before the update lands, whether it's a genuine spike or a trap. Worth watching for this over the next week or so?

All part and parcel of the fun and risk with He1 (and AIM more generally) I guess! All imo and dyor

"There you go, I am what I am and perhaps an honest person has no place on these boards." 🤣

Roger - you just keep on giving with the comedy gold self aggrandising, all so effortlessly and naturally as well it seems, which makes it all the funnier. Have you ever considered that it's not the above, and that you just have a conspiratorial mind and overly inflated opinion of yourself - an unfortunate and rather narcissistic combination?

As for baiting, it started (as it always does) with you, and then you miraculously play victim. That's also part of the comedy sketch. Keep em coming though Roger, I've had watery eyes reading some of your posts, and it's much better value than paying for a comedy show.

What's happening with the Rig Roger, when can we expect it to be fixed?

I haven't listened to the interview yet, but please don't tell me ECR are going back to Victoria? It's dead!!! QL has to be the future, surely? Unless they can't afford it.

Yes, quite honestly, I'm surprised he hasn't blamed me for the Rig failure!!!