Member Info for lordloadsoflolly

3LB - one minute you're a joint-puffing dude in Chinatown. The next you're an animal-loving, tree-hugging, quiche-eating kinda guy.

What went wrong?

If the sort of valuations bandied around here were likely, how do we explain the current market cap of "just" £56m?

The promise of a deal has been in the public domain since early 2025. And Tim reiterated it when RNS'ing about patent filing. So the news is widely available to both current & potential investors.

Admittedly, sometimes it takes a while for investors to wake up, but surely markets are never THAT inefficient?

Onlyprofit - asking Tigtig for his price target. Now that IS funny.

Tiburn - sure, but nobody's arguing that drilling delays are unusual. Or that they really matter that much in the long term.

What DOES matter is perception. And trust. If the CEO tweets a particular production timeline regularly enough and sticks to it in subsequent interviews, investors will tend to think that's the accepted reality.

If drilling delays (or other unforeseen events) then push that timeline further out, the sensible thing to do is to state calmly what's happened, if possible explaining how they plan to catch things up. If not, issuing a revised timeline they can be reasonably confident in, whilst also stressing any positive developments elsewhere.

The damaging thing to do is to issue no revised timeline, pretend nothing has happened (i.e. October really does fall into summer folks, honest) and simply tell investors to stay tuned to social media - which was where the original - now inaccurate - timeline was first published.

Hex's SP has done so well since IPO largely because of its delivery against targets, its regular comms & the general adherence to timeframes. If it starts drifting on those measures, the SP will follow suit. As was borne out yesterday, despite it making up part of those losses today.

Span - that's VERY unfair on kn0bs.

3LB - I don't "only hold a few now". If by that you imply I've sold most of my stake. For the elimination of any doubt, I haven't sold a single one of my Hex shares. Indeed I've bought 7 tranches altogether - most recently adding twice on 22nd & 30th July.

That's the problem with these boards sometimes. You post anything negative - even when backed up with a perfectly valid & balanced argument - and you're instantly accused of being a shorter/deramper.

Papermonkey - your argument might hold up if October translated to summer in anyone's language. But it doesn't.

October is NOT summer. Period.

So Bo has changed his tune, despite trying to convince everyone that things remain on schedule. That, I'm afraid, is likely to erode trust. And we don't want that. Minchin did something similar, using videos of a bubbling cauldron to imply impending well results would be positive. They turned out not to be and shareholders temporarily lost confidence in any subsequent comms the company made. Inconsistency's a dangerous game to play.

Czarboy - Eva & GoldGirl can't POSSIBLY be the same person.

After all, one ran a coffee bar in Malta from memory. Whikst the other tells us she's a career scientist, whose posts & reasoning never felt the least bit scientific to me.

I'm pretty sure Eva Perón eventually told us she'd ditched her entire holding, having promised IMM shareholders the earth for many years before that. A classic case of Don't Cry for Me Argentina?

Not that anyone ever paid much attention to Eva. But she was quite entertaining - in a Tigtig sort of way.

MaverickD - there's NO way IMM will be taking up their warrants in Incanthera at the end of the month. Why on earth would they when a) INC's SP has since tanked and b) their SKIN + Cell marketing campaign is looking decidedly shaky?

In terms of IMM, for anyone bothering to read this post, I fully admit I called things completely wrong here. I didn't see a prolonged SP uplift simply from a patent being registered. And I didn't believe Tim's "year of the deal" message.

I'm still vary wary about anything Tim says. But on the plus side, another placing now seems highly unlikely (assuming - at worst - the SP holds at or around its current level until December).

I kept my original holdings in IMM from way back when and am close to breakeven at current levels. As I'd written the money off, I'll continue to hold, in the hope that a deal finally comes off. It does look inrceasingly likely now - something I never thought I'd be saying!

I don't think Bo's latest interview helped the SP one little bit.

And before the usual deramping accusations fly, I AM a holder still. And a firm believer in the short to medium term positive outlook here.

But when there's something I view as less good, I'm also not afraid to call it out!

As others mentioned, Bo's Proactive interview yesterday was unusually vague and simply told us to watch this space on social media.

Saying plant construction is "right on time" and going "according to plan" is simply untrue when we were originally led to believe production would have started by the end of summer. However you call it, we're end of summer now, yet production hasn't started.

Yes, I know we're currently only talking minor slippage. But all the more reason in that case to quote a revised timeline. Instead of which, we're just told that everything's running to plan, "offtake discussions are going very smoothly" and to "stay tuned".

Obviously Bo can't release any news until he's sure of its accuracy. But this interview was a total non-event and has just sowed more uncertainty in investors' minds over revised timelines to production & offtake. The whole point of an interview is to update investors & reduce any uncertainty. Not increase it.

FS - we’ve been through this dilution v spin off debate countless times now.

Of course, neither route is ideal. But I believe the spin off option is FAR less damaging to Opti shareholders in the long run. Without this, we’d have been so heavily diluted by now it wouldn’t bear thinking about.

And you seem to be largely overlooking the latest deals with Nouri & Dr Morepen which are apparently gaining traction. Plus any Sweetbiotix potential still.

Yes, we’ve been waiting an eternity for the first commercial Sweet deal to emerge. But that doesn’t mean it’ll never happen. From recent RNSs & interviews, I suspect it’s not actually that far off now (I.e. within the next year or so) and am happy to hold accordingly. But I fully admit I could be wrong and we might never see anything develop.

My biggest concern here now is actually SOH’s health. Whilst he seems to have recovered well from recent issues, you never know what’s round the corner & Opti is very much his baby. If he were no longer capable of driving things (however slowly), I fear the company would rapidly decline. But at the current SP, a lot of the potential downside already seems excessively priced in to me.

Tigtig - I’m afraid the only “patient” needing to “get registered” is you. In the nearest loony bin.

Preferably right now, before it’s too late, nudgy nudgy.

So let me get this straight. Those advanced discussions with partners they told us they’d been having for months now weren’t actually happening at all, as the patent hadn’t been filed.

Ah, right, crystal clear now. Thanks for setting the record straight, Tim & co.

Popeye - “How the SP is not an awful lot higher on the back of that interview is bewildering.”

It might just have something to do with Tim giving the interview. He has led investors up the garden path numerous times before, hence few take anything he says at face value any more.

After spending nearly an hour hassling iWeb on Live Chat this morning, they finally credited the funds for me & my family this lunchtime.

So probably worth checking if you're with them, Halifax or Lloyds (all part of the same group).

Morri940 - I’m not saying there won’t be a positive RNS before the year’s out. Nobody knows that for sure. Though Tim’s rapidly running out of time

But we haven’t had one so far. Which makes all the speculative nonsense spouted on this board & elsewhere pretty laughable really.

Oily1990 - Like I said months ago "Prove it".

All the speculative guff on here recently is laughable, frankly.

Unless/until an RNS drops with news to transform IMM's financial status, the SP will continue to be driven by Telegram bots & bedroom keyboard warriors.

JC01 - agreed. I can’t see how anyone knows whether $500/mcf is a conservative, realistic or optimistic assumption.

There are no spot prices for helium - and with so many variables at play each offtake deal is unique. As a result, the details of any individual contract remain confidential. So the only way to get a feel would be to analyse the total revenues of current producers v. their estimated volumes, then average it out. Good luck with that!

I think you just have to take a view on Bo, then decide - given his widely acknowledged experience- whether his estimates are likely to be in the right ballpark. If you’re invested here, presumably the answer’s yes.

GoldGirl - IMM is a cash eater.

Mcap is investor consensus of its current worth, as long as Tim continues to promise the earth whilst delivering diddly squat.

You may not like it. You may even disagree with it. But we are where we are. And Tim’s largely to blame for it.

Grezzz - you're welcome! I'm glad yours has arrived safely.

iWeb has just updated as follows:

"I can confirm that the cash is expected to be received on or around 28th August.... The funds will be received as a lump sum, which will require reconciliation. We will credit customers' accounts as soon as possible following receipt and reconciliation of the payment."

No doubt they'll drag their feet as long as possible - anything to hang onto OUR cash! It takes them 3 business days to credit a linked bank account if you ever withdraw funds. Still, they are cheap - particularly for higher value ISA pots (zero annual fees & £5/deal) - so mustn't grumble TOO much I guess......

It seems common with miners that you get major non-adherence to original timeframes &/or umpteen placings pre-production, heavily diluting the early investors.

Fortunately, with Hex so far we've had little of either. And when they did do a placing, the SP actually ended higher on the day - something I've NEVER encountered before with ANY share!

The next couple of weeks should be decisive here for the SP's trajectory.