Member Info for MR.Spacetomato

Ezhik, I second your post. As it was mentioned by zphr, the ready for production so they seem confident that the testing results will be good to go. It is looking good for us I would say.

Colin Harrington, Zephyr's Chief Executive, said: "I am delighted to announce the safe and successful conclusion of drilling operations.  I'm even more pleased that we hit the Cane Creek reservoir target with success and stayed within that reservoir across the entire lateral portion of the well.  It's also exciting to see evidence of hydrocarbon charge across the entirety of the Cane Creek lateral, as well as in multiple overlying reservoirs.

"Now that we've set production casing, we have an excellent well bore from which to complete the well and test production from the Cane Creek reservoir - and the log data gathered during drilling operations will help determine the optimal method by which to do so.

"The evaluation of the logs is underway, and we will keep our Shareholders informed in the coming days when the output from that analysis is finalised and the method for completing the well is selected."

Superb! Going to open a bottle of cider right now! Only 2% so no worries. :0)

Wyn, I hope you make loads here. All the best.

Wyn, I could say the same about you Wyn and your charts..why? Are you in or out? If you are out you didn't gamble, but if you are in, well, son, I guess you hare on the same boat as me, chart or no chart.

Anyway, the call investing in an exploration company a "gamble" isn't a difficult thing for one to come up with, Wyn. Now, to reduce the risks when choosing which exploration to back is where the research comes handy. That's why we are at 28p, because many pis have dome their home work. Sure, there are risks, but that's why you and I are "gamblimg", but you get the benefit of the research others have done on the stock and we're happy to share it in this BB, which I am sure had made TA a little less nervous. Surely, on the eve of news only a mad TA discipline would still hold the stock.

Space = sp (share price)

"So what good does the "research" actually do? I get that you can identify helium as a rare resource and that any major find will boost the company's SP and thats fine, but that didn't take longer to figure out. The rest is.... what exactly"?

That is why you trade using charts, Wyn. You certainly don't strike me as a geologist or an engineer for that mattet, or someone who fancies learning as much as one can on the geological aspects of drilling for oil or gas. It has taken me sometime and some flair for geology to start investing in a sector I didn't know much about, and one learn a new thing every day. Yes, it does reduce the zeros in the binary calculations so the research if very important.

How useful is a chart when it comes down to how the price of helium and how will influence the space here? That you will only see with research.
How useful is your chart when it comes down to the geology in the Rukwa basin and the probability of finding helium there? Only research will tell you that?
How useful is your chart as to the interest HE1 gets from institutions and third parties in order to fund HE1 operations? Charts tell you zippo!
How useful are your charts as to the political support we get from the government and what is happening around Tanzania? Sorry..the chart says no.
What about the caliber of the BoD, can the charts do anything about it?

These are just a few exemples of what research will tell investors whether HE1 has a chance to make us money. The charts are tools that can be manipulated by MMs as they know unexpected spikes and green bars will attract the prey easily as drops and red bars will scare the unwary and that's a fact that has been studied and used by big traders to their advantage.

What they cannot do, is, however, to manipulate the geology at Rukwa, break a drill bit, cause political upheaval or stop the helium flow from the ground. Research and dedication to learn more everyday should help PIs to reduce the risks of investing if a potential poor exploration company.

FA alone is just the beginning or research, all the other fundamental aspects of the project make the zeros become closer to ones.

Good morning all. Odysseus07, I really have my doubts regarding this ever dropping next week to the levels you mentioned, why? Because I think not one who has held this share so far would risk being out, especially now that we are at the door knocking to get the RNS..it is now literally minutes away from the news of TD being reached. Unless, of course, you like living on the edge trading your way trying to make a few bucks on MMs' money making spread terms.

Of course, if the MMs want to try to shake us, good luck to them (keep an eye on the volume to see how successful or not they will be)we may see a shake I guess, but that can cost them a few bucks too.

Anyway, the next week or so that will be it for us, I believe. We shall see.

ITV, Wyn and I seem to agree in one thing for sure... we both agree that HE1 has a huge potential to make us all a lot of money and thus are invested here! :0)

What we disagree is that Wyn can sell his shares the moment his chart tells him so, whereas I may still hold because my heart tells me DM seems to be a nice guy. ;0).. well, at least that is Wyn's idea of my investment strategy. Nevermind.. give us bread and circus I say!!

ATB

ST

Wyn, I am not telling you you are wrong. Anyway, whatever rocks your boat, dude, as they say. My point was only regarding what you were saying about DM in your statement, but you steered into a FA vs TA argument, which wasn't what I was saying originally.

Have a good weekend all and hopefully we get something mid week, perhaps? :0) ...or whenever the drill gets to DT, who cares when, as long as it is positive.

Fair enough Wyn. I think I will leave the debate with the following passages:

"A 2007 study by Ben R. Marshall, Qian Sun and Martin Young of Massey University and Fudan University found that popular technical trading rules were “rarely profitable,” but that they were generally more profitable for “smaller, less liquid stocks.” Though this result may seem to support the case for technical analysis working, they caution that “this result is not strong.”

The authors conclude, among other things, that “It is possible the behavioral biases that are inherent in the investors’ decision making process results in investors discounting the impact of consistent losses due to the large profits that occasionally occur.”

Another 2014 paper by Arvid Hoffmann of Maastricht University and Hersh Shefrin of Santa Clara University found that “technical analysis severely degrades the performance of individual investors’ portfolios.”

How badly does technical analysis underperform? Pretty badly:

“Investors who trade the most frequently use technical analysis to a disproportionate degree and underperform other investors by 4.1% per year on a risk-adjusted basis.”

The paper’s abstract alone offers a fairly severe indictment of these trading strategies:

“Our results indicate that individual investors who report using technical analysis are disproportionately prone to have speculation on short-term stock-market developments as their primary investment objective, hold more concentrated portfolios which they turn over at a higher rate, are less inclined to bet on reversals, choose risk exposures featuring a higher ratio of nonsystematic risk to total risk, engage in more options trading, and earn lower returns.”

Yikes.

So, does technical analysis work? In the vast majority of cases, no.

If you’re looking at guidance, look at the Forbes list. How many billionaires made their fortune day-trading stocks based on technicals"?

https://investorplace.com/2015/09/does-technical-analysis-work/

ST

...Continue:

"My (general) point is: All CEO's of companies will always accentuate the positive and ignore the negative" - Wyn

Are you using facts or feelings here? I can tell you of a few companies that the CEOs are the opposite of what you are saying..FAR and I3E, for instance. The first one is very down to earth, and sometimes I wished he wasn't. The second one is basically none existent..he never says anything and I wish he did, for the sake of some of my friends.

Our CEO has only mentioned the potential for the helium market and what would happen to us should we find helium; is that a bad thing? But for you only the charts matter, right? Yet, you go through a BB to gauge the emotional appetite of the investors so you can link that to your charts tendencies. Quite a job.

I don't think our CEO has done anything untoward regarding his enthusiasm towards our HE1..yes, our, as we own a piece of it and we want it to do well. He seems genuine and I would hate buying it here should he be any different.

That's all

ATB

ST

PJ... I think you mean...Mother?

"My (general) point is: All CEO's of companies will always accentuate the positive and ignore the negative" - Wyn. Well, I think your point deserves some discussion.
But before I start that, I noted your comment about me and based on what I was saying: "You seem to get emotionally involved with the company and its personnel and I don't". Firstly, I guess that was supposed to imply that by being "emotional about my investments" makes me a lesser investors than you, right? Let's not be gullible here as that is exactly what it is implied in "any" aspect of life's endeavours when someone is said to be "emotional" about something. Well, since I am not a machine but a human being, and I cannot just switch off the "emotional" aspect in me, I can happily say that I do use emotions quite a lot in my life..especially when I choose what flavour of ice-cream I want as it reminds me of certain things in my childhood. However, having said that, I make sure that the ice-cream is of the highest quality and I never buy crappy ones.

Secondly, I think because one says he "likes the CEO", or "trusts the CEO", it doesn't mean that these "feelings" are based purely on an emotional state of mind. Certainly, the trust that emanates from the CEO is not only on what he says, as you implied, but his actions so far (like the 10p placing, the better drill machine we got, the cost cutting actions like being at the camp site sleeping on a hard floor instead of a 5 star hotel, his updates done when that was possible, his genuine demeanor, his enthusiasm, the relationship with the Tanzania Government, and so many other things).

You say, "[a]lso I don't get judgemental on a company, its SP's or its CEO, whether I make money in it or not". Crickey, I would give up investing in the market if investing was a purely mechanical endeavour for me. I give you an example, if I were to invest in AVCT now, which I will again, it would be not only because of the money I would possibly make, but because of its oncology aspect which is close to my heart. Yeah, call that emotional but so be it. I guess, however, there is an emotional aspect to you, when it comes down to investing that is not dissimilar to anyone here, though; I can bet my left testicle that losing money will be as painful an experience to you, as anyone here, and that emotional drive will keep you looking into you TA charts instead of the real experiences of those drilling under the Tanzania heat.

ATB

ST

ATT Sea only

Nice move one ADV..and to think when you and DBD advised on that it was 220ish!! Doh!! I am keeping an eye on it anyway; I returned with a little nibble on the other oiler we spoke about, again..and my timing couldn't be better..5.8p.. doh!!! Anyway, just hoping we get a positive RNS next week, hopefully, then I may join you guys on the ADV..fingers crossed.

ATB mate

ST

"I am not concerned that anything is wrong, far from it, but it is taking an eternity to do this drill..". Wyn, it is not taking an eternity to do this drill, by the way. I am not sure what is you experience investing in exploration companies and their drilling programmes? I am sure you know they had issues with the drilling equipment that broke at around 550m down hole, and they had to take all the bits out to try to fish the broke part and after not being successful, retrieve the lot and start back again from the diversion point. This all takes time and every one is familiar with it and understand that they should progress at a slower pace to understand better the rock, pressures and the speeds, etc.,, that they should continue. If you research other exploration companies you will see that that is standard. Damn, I cannot remember the name of the exploration company I had shares once that the damn drill broke twice and they took ages to retrieve the drill bit?

DM is not saying anything BS and he is definitely not ".. giving the impression that he is", as you stated. He is, however, confident to the point to say that HE1 is positioning itself to initiate talks with end users, and that is a sensible thing to do if you feel that you have the product to supply them with. This is a guy that could have milked £20 million from the markets at 10p placing if we wanted, but chose only £10 million. I am sure a CEO who wants to have cash in the bank to to secure further drills would have jumped at the chance, but not our CEO as he thinks the extra £10 million from the markets will be at 50p or more a share!! Now, think about that.

Nah, I am sticking with David Minchin on this one. He's done me well and I am sitting on a tidy profit at the moment and like him, we hope we are sitting on a huge helium filled gas field waiting to be milked. What the Markets do with the share price at the moment, this present seesaw, will mean f*** all to the next stage of share price as from here on we are 100% connected to the RNS results; you either wear your coat and get out or take it off and have a cup of tea.

ATB

ST

Have also a look at this guy, this is the other side of the coin:

https://youtu.be/LnOZRQ6XzDg

ATB

NiceNeil, watch this short video, just one in many, who will tell you what and how they do it. I hope it helps:

https://youtu.be/KRz259u6A6w

ST

BP, I am no chartist and would not trade here based on the charts, but I had a look at the RSI weekly chart and it indicates we are about to see a spike next week? Funnily, it coincides with us possibly having the mother of all RNS landing by then?
And before Wyn brings up the merit of TA, I haste to add that charts do have its uses but I will never buy or sell my shares based on TA but only on the fundamental health of the business and the news that we expect to materialise.

PJ, even if the share drops a little, the spread kills off any joy in day trading I imagine, so only a big drop to make it worth the while. As you said, most here are clued to the market tricks.

I am sure those who sold this morning for a quick day trade may be hoping for a drop indeed, Polly, but you can't win all all the time, can you? The curse of 75% of day trades losing money or shares every day is always around the corner to bite them.