Member Info for Legalwolf

I was a bit confused listening to that, because during the first drill, they were able to confirm Helium gas shows without any lab analysis. This time they are saying they will be able to confirm gas, but not Helium without sending to a lab?

The potential significance of this is that isn't it already known that there is gas in the Rukwa basin? I might be mixing this up with another company, but didn't a previous company find gas in the basin, but it wasn't what they were looking for so they packed up and left?

What's the answer then Dai. Do they have headroom or not? If you can't answer it with an explanation yourself, then I don't get how you can question anybody else for struggling with it.

I personally think Stalker stepped down so he could sell. I'm sure as Chair, he would have been required to notify otherwise. I don't think he fancied the COS, and who can blame him. Strip away all the noise and you see that the chances of a non discovery are far greater than a discovery. Even on the most generous reading of the CPR, it's a low probability COS. And anyone remember ADV and its 95% COS. But for every ADV, you have a Char, or a PRD.

But de-risking is definitely the way to go I think, rather than waiting on results. But each to their own.

Incidentally, I tried to get a discussion going about reporting of results. Again, that was jumped on for some reason by the "thick". If we don't understand what He1 are saying about how they will go about releasing results during the dril, then how can we strategise for that period? But certain posters on that BB were not willing for even this to be discussed. Hmmm

Caught up with today's discussion. Firstly, it's really good to have this kind of discussion and see all points of view. BJ, I really don't think it's right to view (ex) LTH as de-rampers. Those of us who were invested here for the entirety of 2022, a year that promised so much, just like 2023, but delivered very little of it, just like 2023 so far, are absolutely and rightly going to be suspicious and wary of GCAT. That is not de-ramping, it is having your fingers burnt and being cautious thereafter. For example, I have said that I will ONLY now invest here based on RNS, and not what RM says, or tweets. Three things from flow from this: 1) I clearly do see the potential that you see and others see, otherwise I would have no interest at all, 2) At the same time, I saw this same potential last year and look what (almost) happened, and 3) Therefore, my position is logical, inherently carries some negatives with it, and is not de-ramping.

As it happens, having read the discussion, I must say that I'm inclined to agree with your thinking on the BOD seat question. It is perfectly normal in such situations for a major partners to want representation on the BOD. I don't view that as them having any doubts or concerns about GCAT. If they did, they would more than likely not agree the financing, and the whole point of preceding due diligence is to remove such doubts. Incidentally, RM did say that one of the first thing financiers have been asking him is why OCIM pulled out.

Finally, I read with interest that you were invested at 1p. Just curious as to why we never heard from you in 2022 on this BB? Think your input would have been useful back then as well. All imo and GLA

Dai - go ahead and try it. Believe me, it's not straightforward, and He1 is BVI registered, which adds a further layer of complexity. And when investing and money is at stake, you really don't want to guess. Usually on BB, there are posters well versed in such stuff. For example, there was a poster who mentioned that BVI means no TR1s are needed. Now I didn't know that, and was wondering whether we would get a TR1 re Stalker, for example.

So BB have their uses and on any other BB, I believe I would have got an answer. In fact, that gives me an idea - why don't I ask on a different BB as a general query. Now there's an idea...

I don't like to get personal, but a lot of those rampers are really "thick". In very simple terms, what is the principal thing that might stop He1 from being a bagger from here? The only one that I could see was the cash position, meaning a raise. Therefore, to eliminate this "risk", I asked about the headroom issue. No headroom = no risk of raise = increased chance of bagger. Simples. Therefore, it was a perfectly sensible question for any "all in" investors to want to address. But no, it could only be de-ramping according to that lot!

You see, had we discussed it properly, someone other than Coco (who is not trustworthy because he is not "neutral") might have come up with a credible and convincing explanation for why there is no headroom. Someone like a KeithOz or a Skittish (for example). That would have ended the discussion amicably and to everyone's satisfaction. We could have all then carried out with our "it's going to 20p! ramping. Now the very same idiots who stopped it it being discussed are probably secretly nervous about it. So who loses out? ALL of us - and the strength of any share price action going forward - so again, ALL of us!

But hey ho - whatever!

For the record, I haven't changed my views about He1. I'm just not going to bother posting them on the He1 BB as much, or unless anyone gets personal again. I've said my piece several times and responded to (ramper) attacks. Skittish has put forward an alternative explanation for the large selling, which funnily enough got drowned out in all the ramper noise, but it is no more than a possible explanation, albeit a very well researched one, so fair play to him. I do take it on board, but I won't treat it as fact. Just as I never said the fundraise is a fact. I deal only in possibilities and probabilities.

Ordinarily, the fact that the ex Chair and/or his bessie mate might be selling down now, would be considered a major negative. Hard to fathom why either would sell down now, if He1 is going to the moon, or has a nailed on discovery in the pipeline. Maybe its the guaranteed liquidity at these levels? But such is the hostility to any possibility of a fundraise, that even something like a major shareholder and/or ex Chair selling down now is cast in a positive light. You really couldn't make it up! And if it is bessie mate, then will he not have a direct line with ex Chair, who in turn will know what's likely to happen, and what the company strategy is for the upcoming drill?

Whilst I'm NOT ruling out any substantial rise in the share price between now and spud, I don't think it's nailed on to happen, nor is it a rise rise that doesn't have the potential to be stopped dead in its tracks with a fund raise RNS landing any time. In fact, it's probably more a case of which will come first - rise or raise?

This possibility means that He1 is no longer an "all in" situation to me like Coco and others belief it is, which is why I'm not "all in". Now I could be totally wrong, and it could go to 15p or whatever, but the fundraise is a genuine call/concern of mine, and I prefer to take a risk first approach on AIM especially. No bs, although tired of it all now, and it's just where I stand. All imo and dyor

Totally agree Rambo. I woke up this morning with the clear intent that I won't post anymore about the forbidden topic, not because of certain other posters not liking it, but because it serves no useful purpose to do so, there is nothing new to say about it, and there is nothing new that anyone else is bringing to the table about it (apart from Skittish - see below). It is just making for a toxic discourse.

Also, I take full note that since then, Skittish has in fact provided a possible alternative explanation for the large selling of recent weeks. This sort of proves the point that in and amongst all of the toxicity and noise, there will always be a few posters, who can and will add useful information and explanation, even about potentially negative topics.

I'm grateful to Skittish for researching all that as well, and I am assisted by his research.

Finally, I also apologise for any role that I might have played for toxicity on the BB. When you come under (vicious and (what felt like co-ordinated) attack, the natural tendency is to fight back. But I will resist and will try to make better use of filter myself.

Best wishes to all genuine holders here.

Is this the cheapest entry you will get before Hurricane drilling starts?

"Do you really think that the board cares about the price at which it raises? They're barely shareholders. Salaries and the continuity of them is what matters to these people."

Absolutely Louis. According to the rampers on here, when the company says it will raise when "opportunistic", the rampers will have you believe that they mean they will raise only when its best for their shareholders. This is as laughable as it is naive, especially when you consider how these things normally go, and the track record here. Totally ignores that Friday RNS as well, which was hardly looking after the shareholders. All imo and dyor

You do get the feeling with Bres that it's only a matter of time. The DFC grant, if it gets it, could be that re-rate trigger. It's taking much longer that we thought though?

The same Coco who when He1 released that imo dodgy Friday RNS, which shook out its retail holders, was DEFENDING even THAT conduct and has been doing so ever since, even now callously mocking retail investors for understandably reacting to that dodgy RNS. Also gloating at their expense.

This is not simply positivity is it? Some of it is down right cruel and is the mindset of someone who is willing to trample on others if needs be. Now we are supposed to believe you are some paragon of virtue and your positivity is to be trusted. Sorry, you lost that confidence when you goaded and gloated on 'that Friday RNS' and have been doing so ever since?

Why are you having pops at people who understandably sold on that dodgy RNS and might well have lost money. Where's the decency and humanity in that? All imo

Right on cue, Coco comes out to help his trolling team mate, RJ.

RP - a perfectly sensible post, even though you mentioned the forbidden topic. I don't necessarily disagree with what you say below about it either. At least you are alive to all and any possibilities, which is the right approach to have (although some would even try to forbid that!).

Sdg - great point about the time target. That’s probably a better way to look at He1 than a price target. At the moment I’d say a time target is more likely to be reached than a price one but who knows on AIM.

Thanks Wyn. Good analysis.

I'd also be interested in your view about the charts Wyn. The consolidation we all thought and hoped was bullish, actually turned out to be bearish and has broken to the downside. Do you look at such chart patterns, or trade mainly off indicators like the RSI?

Hi Mischief - some others to take a look at, but not advice or recommends:

KAV - currently raising £6 million with a institution at 1p. Share price trading at 0.6p. IF the insti raise goes through, then I am expecting the gap to close. We should know about the raise in the next few weeks.

ECR - beaten down but have a potentially share price moving drill coming up. However, they have NOT confirmed the drill yet and also have little cash. So i'd wait for confirmation of the drill first.

BRES - it all depends on whether they get this DFC grant. It was supposed to have arrived by now though, so I hope there are no problems.

All imo and dyor

Great post Wyn and totally agree with the bit about what companies say and what they do. Seen that SO many times on AIM. I also agree with being overly committed to a share, emotionally and financially, been there as well.

But I guess there's a reason why we invest into risky AIM shares in the first place and maybe its a market that attracts such personality types?

It should be clear by now that NOBODY on here knows for sure whether and if so when, there will be a raise. Its for each one of us to judge the possibility/probability of it. Then decide whether and how that changes our strategy here. This is very much an INDIVIDUAL assessment and judgement call for each of us. It is perfectly legitimate for different individuals to come up with two very different, but honestly held, beliefs about this. For example:

Poster A believes there is no headroom. Therefore, there is no possibility of any raise.

Poster B believes the company when they say they are fully funded. Takes this to mean that there is no raise before drill.

Poster C is unsure about headroom issue, but is otherwise like poster B.

Poster D thinks the company will raise, but only at higher prices.

Poster E thinks the company will raise at whatever price they can.

Poster F thinks the company will raise before results.

Poster G thinks the company will raise after results.

Poster H is looking at the share price action and believes there is already a raise coming.

Poster I is looking at the share price and questioning his previous belief.

Poster J has no idea anymore.

If you scroll through the BB, there are posters in each of these categories (and more). The only conclusion to be drawn from this is that there are a mixture and myriad of views about the topic and nobody on this BB really knows for sure.

Only time will tell which one of these beliefs turns out to be the correct one/judgement call. And we can't even reliably say how much time. As I say, its a case of forming your own view and then acting in accordance with it, knowing that you might get it right or you might get it completely wrong, and owning that decision. All imo