Member Info for MrH_m

Who’s been loading up….?!

Some big buys coming in 👀

One more important step for the patient :-)

It’s been a rough few days, no dressing it up, but I still don’t see the “game over” angle.

The market wanted flow numbers. It didn’t get them. That’s why it sold off.

What it did get was acid work completed, better reservoir communication, and raw gas showing close similarities to the original 1994 analysis. That is not nothing. The historic helium case is still there.

The next bit is flow. That’s what stimulation is for.

The consolidation looked awful at first glance, but the OTC angle changes the context for me. US assets, US helium story, US investor interest. Makes sense they’d want a cleaner structure if they’re trying to move this beyond sub-penny AIM shananigans.

And honestly, why keep pushing Sagebrush, move to stimulation, tidy the structure and look at the US route if they thought it was dead? That would make no busines sense whatsoever.

This doesn’t guarantee anything. Flow data still decides it.

But I’m not convinced this week’s panic reflects where this could be if stimulation works.

Stay strong. GLA

They wanted the volume yesterday to (hopefully) rid ourselves of the churn once and for all. The next few weeks leading into July will be very very interesting …

Agreed mate - I suspect the same peeps who sold out this am are now buying back in for more shares. “Gutsiest move I ever saw Mav “

Thanks for the input LaW 👍🏻

I too wouldn’t be surprised if we have a strong finish here Chesh. Not one for the faint hearted for sure, but I love these risk/reward setups :-)

You can drag out testing as long as you want - choosing to release material news at the end of that testing period does not breach any AIM rules

Much better to release the news after the churn has ended IMO

Thanks Lloydyboy - £25m should be the min yes! That would position us well ahead of the expected update

For anyone still saying the placing churn cannot have been worked through, the volume since admission is worth looking at…

The placing was 16.67bn shares at 0.03p. From 27 April to 27 May, around 20.3bn shares have traded. That is roughly 122% of the placing size and about 41% of the enlarged share capital.

That does not mean every placing share has gone. The same stock can obviously churn more than once.

But it does show there has been more than enough volume for a serious amount of loose paper to be absorbed.

Add in todays move - 1.7bn volume, up 16.5%, finishing at the high, and it looks to me like the overhang is now much closer to being cleared than some want to admit.

If that is right, the next proper Sagebrush update could land into a much cleaner market, and be clear for take off.

Punter - relax bruh. My posts are very positive and very clear on the facts. Take care 👍🏻

They have confirmed in the most recent RNS and tweets that testing is ongoing. If the company have confirmed that’s still the case by email that’s not ‘inside info’, but just the company confirming the position as already reported 👍🏻

Someone mentioned earlier that the company have responded saying the testing is still ongoing - so this today is much more likely to be the end of the churn IMO. If so, this is good news and great timing just before the expected RNS due in the next couple of weeks! GLA

Could this be…

My take on the wait…

I don’t see the most recent X updates as negative at all. Frustrating, yes, because everyone wants the numbers now, but the wording still looks reassuring to me.

They’ve said the Sagebrush extended test is progressing well, remains on track, and that they’re encouraged by progress. They’re also still posting from site, showing kit in place and the Leadville testing programme moving forward.

To me, that doesn’t look like a company hiding a problem. It looks like they’re getting on with the extended test and waiting until they’ve got the full data set ready before putting numbers out.

The key point is this was never really about whether helium is there. Sagebrush has already been described as a proven helium discovery with historic 2.76% helium. What matters now is flow, concentration and whether it stacks up commercially.

They’ve raised £5m, they’re funded for the next phase, the test is active, and the wider Sagebrush / Coyote Wash portfolio is stated at 1.104 Bcf gross 2U helium.

So yes, the wait is annoying. But I’d much rather they take the extra time and release proper numbers than rush out a vague half-update just to calm people down.

Still speculative, obviously, but my view hasn’t changed. If Sagebrush flows commercially, I still don’t think the current valuation comes close to reflecting the upside.

GLA

Agreed Sal

Not the update some were hoping for this morning, but I don’t read it as negative.

They’ve said the extended test is progressing well, remains on track, and that they’re ‘encouraged’ by the progress being made. That’s the important bit for me.

Yes, it now looks like we wait another couple of weeks, which will annoy the short-term crowd, but I’d rather they complete the test properly and release a proper data-led update than rush something vague just to keep people happy.

Nothing in that post suggests a problem (the subtle hints suggest the opposite in fact). It just says the work is still ongoing and the final data needs to be assessed.

GLA

Https://hotcopper.com.au/threads/ann-execution-of-mako-surf-contract.9146626/?source=email

Yep - big thanks to pied piper for supporting those numbers 👍🏻