Member Info for MrH_m

I do not think 0.30p is impossible at all on the Mako numbers being discussed by some today. It is probably too ambitious for the market to price in fully today, but as a ‘bull-case’ valuation once the structure is clearer and cash flow visibility improves, I think it is defendable. There aren’t many LTHs who realistically expect the sp to be less than that over the coming years. GLA

We’re usually ‘aligned’ with our views DT so that’s good to know 👍🏻

Morning all.

For anyone new here, I’d ignore most of the noise and read the recent RNSs and X posts.

QHE has already started the Sagebrush-1 extended production test. The point of the test is to check flow rates and confirm the historic 2.76% helium from the Leadville.

Sagebrush is already described as a proven discovery well. The question now is whether it flows properly.

They’ve also raised £5m at 0.03p, said operations are progressing well, and the wider Sagebrush / Coyote Wash portfolio is stated at 1.104 Bcf gross 2U helium.

Recent company posts show kit on site and testing moving forward.

There is also ‘rumour’ that the % could come in higher than the historic 2.76%, but that is obviously not verified and needs an RNS.

If Sagebrush flows commercially, this is not just about one well. It brings Coyote Wash into focus and could change how the wider portfolio is valued.

That’s why I still don’t think good results are priced in here. GLA

Just stick it in the bottom drawer and come back in a few months

We knew the truth mate - glad to have you back 👍🏻

Yes thought we’d lost you DT!!

🤦🏻‍♂️

Ticking along nicely :-)

See my last post 👍🏻

Furry muff, I respect your opinion.

We’re just looking at it differently.

You’re talking static share count maths. I’m talking how markets actually trade. That’s the difference.

No point going round in circles. We will get our answers soon enough 👍🏻

Christ - the kid doesn’t take anyone else’s opinion on board, even in part 🤦🏻‍♂️😂.

Where are these 50bn shares on the ask then?

Why didn’t the price collapse on the recent size?

Why are blocks being absorbed at the same level?

Why do bloated sub-penny stocks still spike?

Because price moves on available stock, not ‘theoretical’ stock. The recent placing created extra supply. The published action shows it’s being taken!

It’s like saying a pair of trainers is worth £200, so 1,000,000 pairs must be available to buy at £200. They’re not. If only two pairs are on the shelf at that price, the next buyer pays more or goes without.

Market cap is just price x shares in issue. It does not tell you how much stock is actually available at 0.031p, 0.032p or 0.035p.

Price moves when available stock at each level is taken out. That’s the point.

@Asimpleinvestor assumes price movement is purely a function of market cap, which it isn’t!

Shares move on liquidity, available stock, sentiment, confidence, catalyst risk and how much stock is actually being offered at each level. You do not need £5m of buying to move a £16m AIM stock by 0.01p if the free float available at that level is thin.

If that logic were right, sub-penny AIM stocks with large share counts would never spike. They do of course all the time when the seller clears and buyers chase.

The question here is not the nominal share count. It is whether the placing stock is being absorbed before Sagebrush results. It certainly looks like it is!

GLA.

The point is that Friday’s blocks were absorbed and today the same thing appears to be continuing. Decent value going through around the same level, price holding, bid still there, and all of this just before Sagebrush results!

That is likely accumulation before the market wakes up. GLA

It wasn’t her and it’s now been deleted 👍🏻

Hey Chesh 🙌🏻

Don’t worry about me Brew - it’s massive accumulation based on no and value of shares!

Looks like massive accumulation continuing from Friday!! Very bullish :-)

Nail and head right there P2R 👍🏻

And some more have just appeared:

24-Apr-26 16:41:16 0.0322 202,500,000 Unknown* 65.21k O

24-Apr-26 17:13:32 0.0318 202,833,333 Unknown* 64.50k O

24-Apr-26 16:44:45 0.03175 303,333,333 Unknown* 96.31k O

24-Apr-26 16:44:45 0.03175 303,333,333 Unknown* 96.31k O

about 1.012 billion shares, roughly £322k !!!