Member Info for Legalwolf

A lot of companies announce their raises on a Friday, but He1 have announced on other days as well. I think every Friday between now and results will be a nervy one. No RNS, then it becomes "you wouldn't want to be out of this over the weekend".

When I did my research, it looked like being BVI registered, the company don't have a maximum number of shares they can issue (or need a Prospectus) as these are not restrictions or requirements under BVI registration. All imo and dyor

Definitely one of the hardest things to do is to let go of a belief. More often than not, we actually can't or don't manage to do it. We eventually concede the belief only when it's game over, and we take our resulting losses. When the dust settles, only then do we look back and kick ourselves for not seeing the very many warning signs. We then comfort ourselves that we have learned a valuable lesson and will be better for it next time.

And then when next time comes, we do the same thing again 😂

FOMO is one of the hardest emotions to control I guess - maybe even impossible for most?

We should pitch to Elon Musk and when he farms in, we rename ourselves Bresla X!

That's really not on. I'm disgusted by the BOD. Need a RNS explanation for why they haven't responded to the email. Maybe a Q&A with AS. There's only so much shareholders can take, and this failure to reply has to be the final straw....

And things will ONLY likely improve, including the positivity of the discourse on here, on that funding RNS.

So if you want a ramp fest in the interim, I understand the Telegram group is a nicer place to be right now than this harder to please and harder hitting BB.

KR - yes, literally ANYTHING could happen with He1. We can't rule anything in, or rule anything out from here, good or bad.

Yes, Blencowe has started to move. They are really ramping it up on their twitter site, making it seem like they have a lot of Chinese interest in doing an offtake agreement. Could be an exciting/pivotal few months for the company, especially if they get this grant from the US Govt. The grant comes with a future funding commitment as well. Therefore, if they get DFC grant and offtake, that will be massive and re-rate time for the company. But as always, IF is the key word.

It's a difficult one to call now. Part of me thinks the He1 goose could be well and truly cooked, and we have already seen the pre spud top and missed it. You see, most of us were/are planning to de-risk before spud, even the rampers, so this de-risking from nearly all investors is going to create its own sell off in the run up to spud. However, no one expected that there would be a sell off at 9p to 10p several weeks before spud. I think this recent sell off has basically cancelled the rise into spud, and with it, messed up everyone's de-risking before spud strategy.

For example, how does the share price go on a run from here, when it has two major selling forces in its way: 1) the known fact that there will be a de-risking sell off into spud anyway, and 2) a placing RNS could land at any time as well. Little wonder that the smart money has de-risked at 9-10p.

Spud is now only weeks away as well, and so there is not much time left for a rise, and for people to have a de-risking sell off either. Of course, this is AIM, and it could easily still have that rise, but at the moment, it's not looking like it has enough strength to do that, and probably because of all the uncertainties. All imo and dyor

There's also the colossal losses that were carried forward from when the finances were last audited. £16 million or something ridiculous like that. A figure that will only have grown since? All imo and dyor

Well, 2p is the best level to take the punt from. Once it moves, it really moves, as previous rises have shown. Really hard to believe that drilling at these two projects isn't going to take this towards 4p in the coming weeks. I mean, even a rise to 3p is 50%. I've usually sniffed at WSBN in the past, but who cares about DL etc. What matters is whether this dog can bark loudly from time to time. It clearly can and does awaken, and when it does, you win by being in rather than moaning and watching from the outside. Not making that mistake again. All imo and dyor

Yes that was ridiculous and the kind of crazy stuff that can happen on AIM. I'm thinking if it can go up 300% on nothing, it's got a chance of doing something from 2p during these upcoming drills. Thing with WSBN is you get in when its quiet and then get off when the P&D herd arrives, as they usually do every so often.

It's nice to be loved by both sides - optionality!

It does sound like this trip to China is stirring up a lot of offtake interest.

Usually a good play this one - and has been a few times now. I missed out on its last rise, but I think it's worth a punt on today's RNS and forthcoming drilling? All imo and dyor

Definitely worth a punt I think. Based on past performance, its hard to imagine this won't move at all during back to back drilling at its main projects from these levels. And it doesn't need to move by much to get some decent returns. So I'm in but all imo and dyor.

I think pretty much everyone gets the bull case here. It's not difficult at all to see the upside on this bull case from these levels. I think the problem is that many also think the bull case is bull.

Those who truly believe that RM will deliver this time, should see this as a buy opportunity. Those who don't believe it, will see the current share price as a vindication of that belief. Will we finally see the bull case unfold here, or will it just be more bull?

It's 8 months since OCIM walked away, and there's only so long you can keep expecting the market to wait for a financing process that first commenced in 2022. I'd say we are in the final death throes on this wait, and there's probably another 3 months left before the market completely loses belief in the bull case, and starts to regard it as bull. All imo and dyor

Because they can't actually move

It is taking an awfully long time to get this financing over the line. They did say in the original RNS that there was no guarantee of a deal, but if it has fallen through completely, then yes, they would surely need to RNS the market? Don't the CLP licences expire next year, and if so, what are the minimum spend/exploration requirements on them? Can't imagine the authorities will be all too impressed in giving such a large swathe of its prime terrain to a company that has thus far not managed to put a single hole in it, and can't actually afford to explore it. That's not advancing the country's ambitions to open up gold exploration, but holding them back!

It makes the whole first mover advantage stuff sound like guff, but they actually move...

The only rumour I've heard of late is that GCAT have financing options. It's an old rumour though, and I think it was started by RM. I'm joking of course, as I think people are getting overly serious on here.

Is RM's father still with the company?