Member Info for marik

Ignore him BluBay, you can't shut him up. On the Avacta BB, we offered him a free yacht to Monte Carlo if he would leave us alone, but he didn't take us up on the offer.

@OlderandWiser completely agree. There is no one who is willing to, myself included, to be as generous as Myles he's been fantastic.

My hat off to him. I've noticed a few who've tried to imitate him, but clearly Myles is in a league of his own.

Could be BigPlan.

Myles is very generous in what he's doing for the wider community. His qualitative and quantitative analysis is excellent and up to scratch.

"Makes £1 look filthy cheap"

It's exceptionally cheap and under valued.

Thanks UKG. It will be a ride, I'm expecting some ups and downs but when this hits, it will be a home run.

https://twitter.com/MylesMcNulty/status/1427983051229913093

Myles is very bullish and it seems that prospects are exceptional.

It's taken a while to understand the opportunity, but I've made my entry today and will see how this progresses. I'm very bullish at this point in time.

I disagree with Hannam regarding the current rig capability and from comments on this BB and others, I'm forming the opinion that this is sufficient. However, where I agree with Hannam is their predictive £1.33 which places HE1 at >10x upside from the current levels. Reward outweighs the risk at this point in time and with the prospect of 2 further bites at the cherry this year, I think it is well placed for a rerate soon. Bring on the RNS.

Very positive results for drilling in the Karoo, 130m thick sealing unit (well above expectations). Every horizon/ formation has helium shows with a cumulative thickness of more than 90m and in total 5 helium shows, showing a very prolific Helium system. Four helium shows remain untested, after this drill, the chances of extracting helium have increased substantially. With the thick sealing, there is a very high chance of the Helium being trapped. The only negative is that HE1 were not able to flow gas to the surface. The exploration campaign is ongoing (with operational/ geological feedback formulating next steps).

DM couldn't be more positive, if this was any of the major players, they would be very happy with the results so far.

"If we were Exxon or Total would be commissioning a 10,000km seismic survey"

In summary the Rukwa basin has been substantially derisked. With this in mind, the share price has been artificially pushed down below where it should be. The logical support should have been around 18p and then falling into range potentially to 21.5p. The current support is at 10p and hardly any resistance up to 18p. Bands are narrowing and I think this will rise on any news suggesting that we are back on track.

GLA.

Eastwood, 8.5 month history won't really be too predictive of an intraday. I've seen plenty of shares who have successive intraday releases with longer times than the 8.5 months.

I'm taking it as news imminent and this looks like a hard bounce.

The nay sayers i've seen here are typical of those who are shorting or day trading. I've yet to read a concrete reason for the over egged negative sentiment by some.

High teens or low 20s?

If intraday is a possibility, then news is imminent and this looks like a hard bounce.

High teens or low 20s?

I'm seeing 8.5 months of AIM trading with some Directors Holdings, Participation and Notifiable Interests released after 7am.

It's not a "intraday RNS released for HE1 in the 2 years" scenario as you described.

So intraday quite possible.

Best

Eastwood,

Admissuon on AIM was in December 2020, could you send a link to the RNS's prior to this?

"Last placing price was 10p and I expect news next week at the latest personally."

Agree, news could arrive latest next week... there could be an intraday. Most are realising that it's back to business for he1 and confirmation via rns will probably push the sp into high teens or early 20s. Its looking like a good hold/ strong buy.

If AEX and SCIR drilled wells through December and Jan, then I don't see an issue. The company is still on target. The sell off is over done and any news at this point will likely push the price back up dramatically.

"One way or another the share price will drift below 10p until we see a clear RNS with plan of action."

"January is the heavy rain season in Rukwa with May, June July, August, September and October being the lowest recorded rain fall annually.

Despite that AEX and SCIR drilled wells through December and January."

Excellent, so two more attempts this year as a minimum and the sp will be flying again shortly.

Don't worry about youtube, believe in the board and the ceo. They were happy to go with 3 wells this year and will have been aware of the weather.

Should an RNS land intraday confirming, as they've already said, that rig 2 is on the go, then I don't see any reason why the sp wouldn't rerate. Could be looking at doubling the share price from here.

I think anoraks all round and wellies with a hard hat and high viz jacket should do the trick.

News could be intraday, it could shift the price up as it should be sitting much higher, could double from here.

And the weather will have been taken into account before declaring 3 Wells this year. So we are good to go and could be progressing the next drill right now.