Member Info for lordloadsoflolly

Given all the derisking, really bizarre that Hex closed at 28p in July 2024 and is only 2p higher today.

Hopefully we ain’t seen nothing yet…..

BBN - can’t see any reason for them to need further funds right now. Or indeed in order to cover the next 12 months, assuming off takes kick in as planned.

As you point out, Hex currently lags behind the progress timeframes “set” in previous placings, so it should be sitting on more cash than it forecast back then.

Given this, I doubt they’d go down the placing for accelerated growth route, when they’re currently still playing catch up (albeit making great progress).

Either way, within reason I wouldn’t be too bothered if they approached that US family office for more funds. Last time they did that, the SP rose within a day or so & remained higher!

Thanks Ezhik - what beanie? Long since munched I’m afraid.

I get your analogy, but still find it slightly puzzling (though no longer worrying) that they felt it necessary to add the word “prudent”.

Don’t think anyone was exactly expecting them to act recklessly, opening up the valves full throttle & just seeing what happened (spoiler alert: big bang).

I still think there’s an element of them wanting to manage expectations - or at least educate investors on the need for a controlled start. But now see that it’s for good reason and in everyone’s longer term interest.

Andypaps & others - thanks for the explanation. I’m reassured!

I just always like to scrutinise wording in updates. Some AIM companies are prone to throwing in an initially innocent-looking weasel word to hide something far more sinister. But from what you’ve said that’s clearly not the case here.

Thanks again!

Thing that stood out for me in the latest tweet was “ Helix currently flowing ~1,500 Mcf/d from 3 wells at Rudyard, operating at a PRUDENT (my caps) initial rate”.

Is “prudent” being used to manage our initial offtake expectations? If not, why is it there?

M007j - their starting gross margin (i.e. before factoring in any operating costs) are simply too low.

By no means a nothing burger if the trial’s a success. Anything that could save the NHS significant money had to be taken seriously.

The trial numbers look very small to me though. Can that few participants really deliver a statistically significant result?

M007j - two issues with IQE: 1) operating way below capacity 2) woeful gross margins, meaning even if volume doubled they’d still struggle to make meaningful profit. Margins need a major reset. If IQE really is market-leading, it should have the necessary pricing power.

Oneforone - filtered.

For someone claiming to be invested, your earlier post suggests ZERO research and shows you’ve a p!55 poor understanding of where we’re at:

“Is the well with the broken string line the only well drilled, i ask where are they getting the gas from to flow test/snag the production plant”

I mean, really. If you’re gonna pose as a genuine holder, at least make it vaguely credible.

Ezhik - thanks. You've just restored a) my wardrobe & b) my faith in humanity.

Ezhik - well done for selling out pre-news.

Looks like I’ll be hatless from now on!

Andypaps - not sure you can say insider sellers knew about the Inez issue.

More likely, the lack of any update over Inez simply allowed some to join the dots.

It’s been almost 7 months since Minchin left.

Don’t think much of the recent patchier comms are down to that.

Minchin was prone to getting way ahead of events through over excitement & personally i was delighted when he moved on. Comms need to be positive when there’s an encouraging development, whilst remaining realistic & grounded. And I felt Minchin went way beyond that at times.

For me, the issue is that even relatively insignificant positive news is communicated instantly. Whilst any setbacks / delays are often glossed over, remaining unreported for some time or even ignored altogether.

You can only do that for so long before investor goodwill dries up. The relatively stable SP suggests that hasn’t happened yet. But it could.

I don't think anyone has an issue with the wait. We're getting used to that with Hex. And fortiunately it doesn't seem to drag the SP down substantially.

But it does mean the SP has been fairly rangebound, which is unusual for what's normally a far more volatile type of investment.

What still concerns me is that Bo didn't update us AT ALL last week. A simple tweet, preferably with some sort of explanation for the delay, would have sufficed. Not like Hex is exactly tweet-averse. We've had umpteen videos & updates over the years, often regarding relatively trivial matters. Yet when there's a far more pressing reason to update us on a recently unmet commitment, complete radio silence.

I last added here at 25.3p and currently have £50k invested in Hex. So I'm certainly not trying to deramp. I don't really buy the ramping/deramping argument anyway, as no individual investor's comments will make a jot of difference to the long term SP.

But the lack of comms when it happens not to suit the company means I won't be adding any further (not that I was intending to invest much more here anyway, as it's at the riskier end for me at my stage).

Plus I don’t really want to have to eat my hat, as I only own a few & am already full after our early lunch.

Accipiter - it’s got absolutely nothing to do with “impatience” or a “desire for instant gratification”.

And everything to do with sticking to what Hex guided in writing just a week ago.

Don’t know why you & others appear so intent on defending what - in four hours’ time - will be another missed timeline. Unless of course something changes in the meantime.

Skippy - I agree Hex's SP has been remarkably resilient throughout the delayed production period since last summer.

But it also hasn't risen anything like as much as some of the other explorers/producers on news of positive developments.

Personally I much prefer steadiness to volatility. But I also don't like missed targets & nor does the market.

Whatever some on here might suggest, a 5% drop in the SP this morning tells me that overall investors are edgy.

If you release an RNS committing to do something, you need to follow through on it. Yes, there's still time today and it may be a question of giving US investors equal time to react.

But why take something up to the wire (or beyond), when you could quite easily just have avoided setting a timeline in the first place? By doing this, 5% has unnecessarily been shaved off the SP which leaves a lower base for any subsequent re-rate.

It was the same last year. Hex's original production timeline was summer. And here we are the following spring still waiting for it.

Not cool. And not a very repectful or sensible way to treat investors, whose trust risks being eroded by what's now potentially two major missed timelines.

It’s not being negative pointing out that a firm, recently stated deadline has not yet been met & that time is fast running out.

It is simply stating a fact.

Oh, and Span, it’ll be the beanie if I can ever lay hands on it. Fedora didn’t match my eyes.

Now where did I put that hat?

Can’t see this opening well this morning. Yes, there may be an intraday update, but Bo’s now cut it a bit too fine for my liking.