Member Info for NetBox

@ForeverNever
Wed 23:32
"Also you have to ask if this was such a no brainer why are so many dumping?"

Sharetime43
Wed 23:59
"I am getting bit frustrated by lack of return ion 3 months "

I think you got your answer right there ForeverNever, everyone is so impatient these days. Rome wasn't built in a day, but it WAS built and was a huge empire.

Good things come to those who wait, this in an "investment", sure you might be able to make a bit trading it if that's your thing but the real returns will come to the long term holders, the patient ones, the ones who see the potential and can see past the short term fluctuations. This is a gradual growth stock, hard work by the team, constant improving, acquiring, building the empire. There's a lot of money needed when building an empire but once it's built then you can sit back and reap the rewards.

If you've only got a short term goal you might be disappointed and this isn't the share for you but if you are willing to hold for 12-18 months then these share prices will be laughable and you will be kicking yourself you did buy more.

GLA

Lots to come, new drills arriving later this month, increasing production, new equipment arriving all the time, Tanz updates etc

Yep and once we are consistently hitting 1000oz/pm it's a massive cost saving over a year.

AND on their website........

"The projected peak of gross oil production is 40,000 bopd within 2023. Based on the RISC CPR 2C oil forecast and associated cost estimates his would mean free cash flow (FCF) of US$276 million in the first 12 months AT AN OIL PRICE $50, the majority of which would be net to Advance."

@itsyou

"Once they get up to required tpd and the grade the costs will drop dramatically, as a lot of the costs like Labour won't change. That's without even including the $100/oz saving by being on the power grid."

Exactly!!!

All positive in this morning's RNS and TBH as expected.

Good to see them making steady progress. Good things to come for sure.

Said it before, so much going on here and so much to look forward to.

Typical market reaction to a "good" RNS. I think the "traders" were expecting miracles but you've got to keep it real, slow and steady wins the race.

Now looks like an ideal time to grab some bargain shares, holding out for a lower price might end up biting you in the backside. Seen it so many times before, doesn't take much for a share to go bonkers by which time it's too late and you missed the boat.

Good luck all LTHs (and M.Jard too if you dare press that buy button ;-)

IMO 1.5p, 1.4p, 1.3p makes no difference if we are going to be looking 20p+ in 6, 12, 24 mths. Holding for gold GLA

September market updates due Monday as promised by Robbie in the Proactive interview.

Expect a nice RNS on Monday!!

Might be a busy day tomorrow.

GLA

https://youtu.be/Gx8fiu_BYrE

Time 31mins 22 seconds

Hmmmmm......

Something VERY exciting.....

Exciting times indeed and so very under the radar this stock.

Many thanks for your useful insights ST + Spike much appreciated. Always good to get other people's opinions and thoughts (good or bad), especially from someone more knowledgeable.

GL

I agree, if HE1 come up with a "discovery" the SP will go crazy but of course the risk is a lot higher also.

But realistically what are your price expectations here if all goes to plan, say come Jan 2022 if the drill goes well, what SP are people thinking is realistic?

Being quoted 21.955 to sell 100k on HL (dummy quote)
And 22.35 to buy but can't buy any great quantity.

Looks like the SP is heading upwards nicely now and the drill bit heading nicely downwards so all is good.

I believe the 10.6% is old data already know as he is talking about what they already know about the basin as a whole and the likely size and quantity of gas stored.

Taken from Helium one website......

"Surface helium seeps occur in the project area, with concentrations of up to 10.6%.

Gas analysis conducted during 2015 returned helium concentrations up to 10.6% from thermal springs. Like Eyasi, Lake Balangida is a shallow seasonal salt lake, hosted within a sedimentary basin with potential for source rock, trap and seal, and a high likelihood of salt seal occurrence."

It would be great to get some sort of update to let your shareholders know how sales, production, deliveries are progressing.

Surely you can drop us some info.

Are you listening Alastair??

Not too much to ask.

GLA

"“We move our first exploration well into our first discovery drill”.

With a big smile."

EXACTLY!!

No doubt or question in his mind, says it like it will be a fact.

Just hope now they have cased off they can start to get through some ground and update us as they go. No hurry as long as everything goes smoothly. Personally not expecting an RNS anytime soon. All will be revealed in due course.

Patience required here and I think we will all be rewarded handsomely.

GLA

Just look how much money Innova has received for contracts for their crappy test.

https://bidstats.uk/tenders/?q=Innova

"the bubbles may have entered the return drilling mud from other sources"

??? At 561 metres down, what "other sources" are there likely to be ???

136.29 to buy now on HL

Could be a good day or a traders dream.

GLA

"The gas show continued to increase over a thickness of 9 meters, at which point drilling was halted due to parted drill-pipe."

We have no idea how long this gas show would have continued, it could be a huge pocket but as the drill pipe parted drilling further at that exact spot had to halt.

What we do know is there was another show and over the 9 metres they could drill it was increasing which has to be a very positive indication of what is beneath.

Hopefully the sidetrack will not deviate too far from intended target and more shows will appear leading on to a discovery at TD

Well done to all who held tight this morning, with this additional show things are looking even better than before. Further proof the Helium is there and waiting to be found.

GLA

This morning's drop was expected due to the delay, but a delay is all it is. Drilling can continue so it's no big problem and all part of drilling.

Be weary of posters on here who sold out this morning on the RNS news and are trying to get back in at a lower price.

You may see some very negative posts by people trying to bring the price down further so they can get back in, but don't let that put you off and start panic selling. The fundamentals are the same as they were before and an additional show has been reported which is excellent news so things look very positive here with further Helium found.

GLA

Losing the drill bit is frustrating but it's all part of drilling and only a short delay. The hole is recovered and drilling continues so its no major problem.

Finding additional Helium is however very positive and is far more important than losing the drill bit so no worries about things here.

GLA

After today's presentation I was thinking why have you skipped the 400m wire log? Surely it would be good to test/check etc?? but DM answers it quite simply.....

"So we can get this hole Tai-1 pushed down to "discovery" in the most cost effective way"

In that statement there is no "IF", "maybe" or "possible discovery", he is stating it quite plainly and not only that he is still trying to get it done as cost effectively as possible.

I don't think he has any doubt it will be a "discovery". Just my opinion but that is my take on today's interview and fill you with confidence that excellent news will come soon once they have got to depth and confirmed everything.

Back up we go!!

"To clarify the depth was taken from David Minchin’s quote from the RNS dated 21 June 2021, further updates will be made through RNS as appropriate."