Member Info for Legalwolf

"People need to stop moaning about Sean and the projects, unless they can suggest a way to find the minerals quicker. Its easy to sit on your butt's and act like experts." It's not our job to suggest anything, nor drive shareholder interest and share price value. That's his job and is what he gets paid for.

"The projects are all running in the background...."

Are they "running" or crawling and taking long rests in between the crawling? All imo and dyor

I agree - the bear market does separate the wheat from the chaff though. Until any of these cheaply acquired licences/projects don't result in a discovery of note, whether through POW's own projects or its IPOs, this bear market isn't interested and will continue to send the price down, no matter what attempts are made to ramp up pre-discovery developments. It has no time for maybes, jam tomorrows or exciting potential. It's more a case of 'if you don't have a discovery or are very close to one, then sorry you're going down, with no or very few exceptions..." All imo and dyor

Not looking great at the moment. The Uranium bandwagon ramp hasn't worked, progress at Tati has been much slower than expected (no drilling in a whole year), and people are not buying shares in large volumes here anymore, which is understandable. There's no chance of this moving north in the current market climate and given the current lack of exciting newsflow (such soil sampling?), and who knows when this bull market for juniors is going to arrive? So the downtrend continues for now. All imo and dyor

Have ORR clarified whether the financing and this wider licence review that the authorities in Cameroon have commenced are in any way linked i.e. one is contingent on the other. Maybe this has scuppered the original plan?

Latorre - I am doing no more than responding to unnecessary and unwarranted attacks. I have the right to defend myself and will continuing doing so. Want me to stop, then stop with the attacks and the obsession.

Anyway, I'm done with you amateur rampers for today, but no doubt you will be back tomorrow.

I've been in an around He1 since its inception. I was invested for Tai 1 and sold out before results. I viewed it as a high risk drill back then. I invested in ADV and sold out before results. There are other examples I can give. That is my general approach to high risk drills on AIM. I don't hang around for results, because in the past, I've lost money. Therefore, I don't have the stomach for it. Who does?

Look at RJ for example. He spent months telling us how seasoned he is as an investor and that he's been around the block several times. He made out that he had 110% conviction in this investment and none of the shysters, naysayers, shorters and scum (and whoever else) would get his shares on the cheap. He was super confident and had the resilience and strength to hold no matter what in this battle between good and evil that his conspiratorial mind thinks is going on here.

And then what happened - he lost his marbles and sold out this week at 4p!

Where's Coco and several others? I could go on.

This is what happens to you when you ignore the risks - they are still there and will bite you in the end. All imo and dyor

"When a man tells the world we have engine problems at least twice..."

Jeez, we've just had a RNS this week that the Rig has broken down! That's clearly newsworthy and discussion worthy. Of course I am going to discuss it, its the big news of this week! I assume you're referring to where I twice said operational risk? The Rig was in a yard and out of service for X number of years before He1 resurrected it. This was its first job since that resurrection and it has experienced a malfunction. Going forward, how do any of us know for sure that they will fix it, fix it in two weeks, that it will then not malfunction again, and that it will 100% complete this drill? Do you know that for sure?

I'm also sure a number of us must have wondered about how this Rig would fare. I certainly did, although I didn't mention it for fear of it being jumped on again as de-ramping and fear mongering. It's the same going forward. So do expect further discussion about the Rig, because it's currently broken down and needs fixing, and will be the main topic for discussion over the next two weeks!

Or is your echo chamber now going to try to ban/stop discussion about the Rig and count how many times folk post about it and then beat them with a stick for going over the limit?

Yes, I'm so clever that I knew way back in Jan/Feb (when I first posted on here that I would ONLY invest on financing and prospectus) that neither of these would have been delivered by RM by October, and that the share price would be at an all time low, so that I could accumulate.

Oh if only I was that clever and mystic, I could have made a fortune by now and not have to bother with idiots on a BB.

"Yes, but simply reading off the geological probability of success as a single statistical figure is misleading..."

That's the problem right there Blubay. I did NOT say the geological COS is 16%, or that is what I believe it to be. What I actually posted was:

"Now we can debate whether the CPR is conservative, or whether 16% COS is a complete misreading of it. I'm NOT an expert in interpreting geological information, or stacked probability, but however you interpret that report, it's not giving you a high geological COS is it?"

I should maybe have explained this better, but I was referring to previous discussions on here about the CPR. There is no way I can reliably say what the actual % COS is. All I need to know is whether the CPR is saying that the chance of success is high or low, or higher than the chance of failure. Then base my risk analysis and investment approach of this more general understanding. Hope this clarifies. All imo and dyor

Blubay, there was an updated CPR on Tai issued a few months ago. This is the most up to date information we have, and I have very much considered it. Err given what you have just said, I do hope you have read it. If not, link below and its on the website.

https://www.lse.co.uk/rns/HE1/new-cpr-for-the-tai-prospect-ihbvk86sqls658s.html

And that's fair enough Blubay. It's perfectly legitimate for you to have a different view about the geology and then a different overall view about the risk. But given my view of the geological risk, I hope you can at least understand the logic of my overall position as well.

I appreciate the fact that you are one of the few posters here who is prepared to engage and counter with discussion, rather than the 'playing the man and not the ball approach' of the pure rampers. I do find value in the postings from some people on here, who hold a different view to mine (quite a few of you actually). I don't dismiss them at all, but reflect on them. For example, there have been some really helpful discussions on the Rig engine this week, which I found helpful, as I know very little about these matters.

That's how it should be, open discussion and not censorship and attacks. All imo

Claims to have filtered me, yet is now stalking those filtered posts. Weird and obsessive behaviour. Why not just unfilter and have the debate and argue where you disagree and why. That's what the BB is for? People can go through your posting history and see whether what you have been posting has been reliable and correct. They can then work out whether you're worth listening to? It shouldn't be a difficult decision.

Let's be honest here and cut through the bs. Many rampers here have made the wrong call and are now underwater. Lots have bought at much higher levels. In fact, I added a few more there myself, before I smelt the placing risk. Therefore, they have no choice now but to hope and pray that the ramping and positive scenario unfolds here. It's too late to make a different call.

Now the tactic now appears to be to discredit the contrarian opinion, try to turn this BB into an echo chamber, pretend all is going well and will end well, and attack others who don't agree. Hmmm. Is this approach any more 'honest' and 'reliable' posting than the one he is trying to call out? Why hide behind the filter you coward(s) and still attack, come out and argue the conviction of your own views then, if you still have any of that conviction left?

I've said why I am waiting for results in RESPONSE to questions from other posters. I'm NOT telling anyone else to do the same. I couldn't care less what others do. It's not a team sport, or an exercise in synchronised swimming, and we don't make or lose money together here, but individually. So agree to disagree, it's your money at the end of the day and not mine. All imo and dyor

Blubay - my basis for believing the geological COS is low, is none other than He1's own CPR - the most authoritative evidence that we have and from experts commissioned to assess Tai. Plus we know even without the CPR that these are high risk exploration plays. Now we can debate whether the CPR is conservative, or whether 16% COS is a complete misreading of it. I'm NOT an expert in interpreting geological information, or stacked probability, but however you interpret that report, it's not giving you a high geological COS is it? Therefore, I do not think it is unreasonable to believe that this is a high risk drill. In fact, I think to believe the opposite flies in the face of the evidence/common sense.

You then have to ask yourself: 'if the chances of failure are higher than the chances of success, why take the chance in the first place?' This question is not just about the COS, but also about the risk and reward offered by the share price. Here, the share price is NOT giving investors any reason NOT to wait for results. In fact, it's the opposite so far.

The last few months, and this last week, also demonstrate that whilst there is high interest in He1, it is NOT immune from this brutal market, and if Tai results are not great, the market will punish He1's share price. So when you put all of these factors together (the COS, the share price underperformance and the punishing market conditions), and now add to it this issue over the Rig engine, I would argue that waiting for results is looking increasingly like a no brainer here, rather than a close call between a number of viable options. All imo and dyor

Yes, I can see that you're fascinated by my posts as you keep mentioning them. Five in the last week alone!

I think I have been consistent in my posting and position since I exited this stock last December and luckily just before the OCIM walkout, namely, that I would only entertain buying GCAT again on Prospectus and Financing RNS. Neither of these has happened, and so I have currently accumulated the handsome total of ZERO shares. Not making a profit or loss on that holding.

Zendor - seeing as you have asked twice, I will answer (although the answer should have been apparent from my previous posts). Do I see any positives worthy of discussion? My honest answer to that is NO, I do not. Not at this present moment in time. I do not believe the geological COS are high. So what I see ahead right now is a period of very high risk for any investor, with a higher chance of a duster than discovery. As I am sure you will agree, there is nothing positive about a duster, even though you might not share this negative outlook.

Given that is how I feel, you will also understand why I don't hold shares at present, and have made the decision to wait for results. I am happy to make the trade off between risk and reward that waiting for results involves. In fact, so far, it's been no trade off at all, as those who have waited for results have been better off than those who have taken the gamble pre results, and are now nursing heavy paper or actual loss. I'm not gloating here, it's just how it's turned out so far. Call it luck if you like.

For the many who don't believe me when I say I'm waiting for results, and think I am de-ramping for lower entry beforehand, it is actually really easy to disprove this and show how silly and non sensical this suspicion is. In the last few weeks alone, the price has fallen unexpectedly on at least 3 separate occasions, including this week's yearly low of 4p. Therefore, I have had AMPLE opportunity to buy low. I haven't done so. That's not my strategy/intention right now. What's more, the share price underperformance is not giving me any reason to change course.

So in conclusion, not de-ramping, and will be more than happy to discuss the positives, if or when they materialise on the results of the drill. But I'm not willing to get caught up in positivity and hype beforehand, much of it being false and fake from traders looking for their own trade and exits. Hope that answers your question(s). All imo and dyor

DJM27 - a tie up between the companies makes sense to me as well. Much better than being rivals, who each have enough Helium to source global demand for the next X decades. A tie up allows them to control pricing, rivalry means they will likely cause a fall in the price, because each will have more supply than demand, and be competing for that demand? That's probably overly simplistic I know, but there are no doubt other benefits as well.

NHE are making out though that they already have a path to quick monetisation lined up already, so not sure a tie up with He1 is part of their plan. Stealing a march on He1 post discovery looks more likely from them!

DJM27 - its inevitable that we will get an update from LB on Itumbula, and happy to wait for it. If this delay is only two weeks, then there is no reason why they can't finish both wells 'back to back' as currently planned. But I guess she won't be able to confirm Itumbula until she knows exactly when Tai 3 drill will resume.

I'm also mindful that Noble are still saying they will be drilling two wells, and they haven't spudded their first. So that's also re-assuring in its own way.

Zendor - that just seems like a really nice and polite way of saying that you think I am a de-ramper. I appreciate you being nice about it though, as others sharing that suspicion have been downright nasty and abusive at times. But otherwise join what is a growing club I guess.

In fact, if you recall when He1 were aiming for drilling in 2022, before they had to concede defeat due to not having a Rig, there was never any question of them drilling in November/December 2022. In fact, they had to give a revised timeline of January/February 2023. Was that revised timeline to do with likely weather conditions, or purely time needed to find the Rig and put the operation together?