RE: Is it broken?1 Aug 2024 19:11
Helium-One did an 8 million pound placing at 0.5 two to three months ago (approximately) I think this was about 50% of the price at the time which was annoying for some but a lot of money was being raised and as I understand it, the company had no room to negotoate the price of the placing, it recovered very quickly and is around 1.3p from the last time I looked, seems operations are commencing though I have only glanced at the news feed.
This is not a plug for Helium-One and I only hold a small amount, I just think if the sentiment is positive or news is belived to be soon, stuff starts to happen then the placing price is soon forgiven by positive sentiment.
Sunda are well capitalised from the last placing of Boil and the farm up, the management will be working hard and I think the politicians will be taking some time to things through and make long term strategic decisions.
Hopefully patient holders will be able to buy silk dressing gowns before the next winter is over, re-invest, buy a suit, top quality tennis trainers, have a bit left over for anthing sensible... not predictions or advice but as annoying as the placing was at the time it was probably a stabiliser regarding capital and hopefully just a meaningful step within a good process.