Member Info for Onbeyondzebra

Well RJ: thank you for the recognition.

I suppose, yes, clever (or, rather, knowing the basics of how to invest) does lead to making money. But what word can we give to you. ______ = someone who ignores the bleeding obvious, loses all their money and drags loads of people into the doldrums with them…repeatedly. I’ll leave it to you to come up with something apt.

As for everyone else, you can spin it all you want, but no smart money coming in here until after the (again pre-announced) raise. You’re all fooling yourselves if you think this will move substantially upwards, even on positive news.

It’s an interesting social experiment this. How many times does someone have to have their fingers burnt before they start believing the experienced, disinterested investors, and stop listening the hapless amateurs.

RJ: are you at it again. One would have hoped that all the damage you caused to the weak and inexperienced in November and December would have led you to go to a dark corner for a few weeks and reflect.

The material point (and, yes, I think there is just one) is that Lorna made it clear less than a weak ago in interview that what shareholders can expect directly after the dig is a fundraise round. It wasn’t implied, but stated in response to the question, what can we expect to see in 2024. So… one needs to ask, why would anyone invest now. Even if the drill is wildly successful, anyone with half a brain would wait for the next tranche of 80% dilution. Why buy a share for .2 of a p, when you can buy it for .02 of a p a month from now. I like her. She seems genuinely upset by what has happened. But, my God, when are she/they going to learn that you don’t explicitly announce fundraises beforehand. It stifles any sp growth and gives them no negotiating position. With that statement, every smart investor that was left should have sold up.

Prof: of all the shares to short on FTSE you want to choose one that can go up 100x if they hit their targets? Either very brave or very stupid.

GG - You’ve had some very good advice from a lot of seasoned investors on here and you’ve ignored it all thus far. I would say the chances of you getting ANY of your money back is about 10 percent (namely because you will wait too long to sell IF there is even an opportunity to do so). What Buffett says applies apply to you: “The stock market is a device for transferring money from the impatient to the patient” I would add to this that you show all the signs of having a gambling addiction, which suggests that no matter what advice you get, and from whom, you’ll keep plowing money into this. Be careful, people lose family members, marriages and children going down this road.

I wish you the best of luck, but surely you can see you are making decisions with your emotions (it makes you feel better to spend a couple thousand pounds to average down) rather than your head. Perhaps when this is all over - especially if you get out whole - you’ll realise sticking your money in a fixed saving account at 5% might work better for your circumstances.

GG. I don’t think you’re making sound investing decisions. You’ve essentially lost at the casino and are doubling down (with the company and market sentiment in a much worse position). HE1 is a good investment decision for some entering in at this price point, but the reality is the LTHs were priced out by the dilution and now they are just throwing obscene amounts of money in the hopes of averaging down and hoping for a miracle. The likelihood is you’ll miss the spikes (if there are any) and hold in the hopes of reaching an impossible 3 p. This means in all likelihood you’ll looe your January salary as well. That’s really not the way to invest. In the meantime, shares like PFC has predictably gone from 16 p to 40 p in 3 weeks after a failed short attack. There are other ways to make your money back on FTSE but involves DYOR.

Where did the volume come from? That is the millions pound (or rather £6.1 m.) question. Sure, stop losses and LTHs bailing out, but that can’t amount to what we saw Thursday and Friday. It also can’t be, as I already suggested, the new subscribers (i.e. forward selling). Who would sell their shares for a loss (or even at an equal value) a day after they bought them.

I called on Wednesday night that the share price would drop to the placing price first thing in the morning. This is because it always happens in my years of tracking AIM. That’s the mechanism that I (and I suspect a lot of others) don’t fully understand. Within the first minute the sp dropped from .75 to .25., and then effectively stays there for 1.5 trading days. Why? We would assume with a period of volatility like that the sp would be all over the place (e.g. dropping below .25 then dead cat bounces well above before sinking), but no. If someone can explain it, I’d like to know. But I suspect it has to do with the mm’s automatically dropping the shares to the new reported value (as they really have nothing else to go on in terms of setting a bid and ask following such traumatic news and such an enormous dilution) and then cashing in on the crazy volume as it finds its new equilibrium. It just seems all a bit contrived to me and not at all representative of what should have been an erratics 2 days of trading. I wonder whether if it will be let loose to either go up or down the rest of this week…

I think I’m with poorinvestor on this. Those holding the 2 billion new shares have zero incentive to sell under .25. That’s 2/3rds being held tight. Thursday and Friday showed that the selling of the current LTHs can’t bring it much below .25. Sure we’ll see 10 percent swings, but the days of it dropping 20% a day are over, I suspect. It’s just a question if some investors want in at the same point as the smart/corrupt money? I say all this not having invested yet. But this is exactly the time where I would consider it. I think it’s more likely to go up from here, than down.

Love RJ banging on about wolves in sheep’s clothing. Who has done more on this board over the last couple of months to convince investors to lose your shirt while seeming like a nice, reasonable (albeit not so bright) guy? You guessed it: ol’ RogerJolly

Maybe he bought 4k at .7 p and 1k at .25?

It’s good that you’re thinking it through and learned a valuable lesson re. overexposing with AIM (explorers specifically). Company’s that make money don’t dilute nearly as much as those that have no revenue stream. Sounds obvious, but most on here don’t realise they’re playing a game of musical chairs. When the music stops… poof goes your investment. That’s what many of us have been saying for months (AIM is not far buy and hold, and LTHs have it fundamentally wrong). But obviously we’ve been attacked by the clueless RogerJolly’s of the world for this view, though it seems that most on the board have finally realised it’s just sound practice rather than ‘deramping’.

As for the forward sold theory, that’s bullocks. Unless you think they lied outright to the market, the financing was arranged on Wednesday, with new shares hitting the market on Thursday. The volume in the days and weeks before and after placing attest to that. I would also suggest that clearly the bulk of the 2 billion extra shares aren’t being sold below .25 (note the flat line Thursday/Friday), which means that we’ve hit rock bottom and, if you ‘want’ to invest in HE1, now is the time. (And this coming from someone who has been urging everyone to sell, sell, sell for the past 4 weeks/ since 6.8p.)

As for where the SP is going, it’s anyone’s guess. Presumably the last drill did help them understand the geology better and they may well strike gold. In the meantime, AIM has a short memory, so I suspect it will be ramped up if/as the drilling begins in January. It may well bag or double bag or triple bag from here, though the market cap argument is sound (what would the sp be if it reaches the top mcap of the last drill - 1p?) So, there’s money to be made here, potentially. But, as someone wrote a couple days ago, if you want to recoup your money, who says it has to be through HE1. There are plenty of fish in the sea. It may take longer, but your capital will be better protected. These AIM punts for me are only sport for me. I’m fully prepared, and expecting, to lose everything I put in. I prefer companies that work for (rather than against) their shareholders. With that in mind, I never let AIM take more than 2-3 % of my portfolio. Right now, it’s less than 1 % (though I may well wade in again next week).

I don’t know about you guys but I love these short attacks. First time I averaged down from 115 to 92p. This time, thanks to a white knuckled trade at 16p (with everyone saying the company was going bust tomorrow) I averaged down from 92 to 48p. I think before long we’ll be back where we were in September/October and I’ll be up 40 odd percent. If I could send the shorters a Christmas hamper, I happily would.

Rowan

I’m not quite sure what you want. You’re angry with the rampers for convincing you to do bad trades, or not do good trades (e.g. when the sp spiked at fairly consistent points), and with the so called vultures for being right and warning investors to not be greedy and take your 10-30 percent profits when the opportunity arose. (On AIM, you’ll always have the opportunity to buy back in cheaply).

I for one thought the last month was about as straight forward as AIM gets. The rig breaks, you buy shares on the 25 percent dip, it goes up when it’s fixed and you sell. Rinse, repeat a couple times. Make sure you’re out when the music stops and the drill results are announced. The BOD inexplicably says they need funding without securing it and, of course, you sell sell sell until funding has been secured - as it turns out dropping 90 odd % in the meantime. There were quite a lot of traders and professional investors on here urging investors to do these basic, logical moves - i.e. not to unnecessarily risk your capital. And for their trouble they get called all sorts of names. Be angry with the rampers (like RogerJolly who had a naive/idiotic response to every logical suggestion put forward on this board), but leave the vultures alone… they get a bad enough rep for feeding on rotting carcasses like this one.

Half: having had prostate investigations this year, I can tell you the more you learn about it, the less scary it is (especially if you’re not in your 30s). All of us (men) will have prostate cancer at some point if we live long enough and in the vast, vast majority of cases, it’s not what kills us. In either case, best of luck…

You’re now filtered. But as a going away present, I’ll respond:

I really have no idea, but it is a good question. I think most are exiting LTHs… possibly mainly the institutional investors or big time investors that weren’t part of the preferential ‘cabal’. In short, ones that had a lot of shares and were happy/able to write the whole thing off as a bad job without thinking too much about it. It does look suspiciously like the new shares must be part of what’s being sold. But: 1. That doesn’t make much sense does it (who would buy shares for .25 on Wednesday and sell them for .23 on Thursday)? 2. They aren’t obviously selling much below .25 or the SP would have dropped much lower. I suspect the bulk of the 2 billion shares are being held tight, which is why the SP looks quite flat today.

Sure thing LW, will do. As for the kindly meant suggestion, I was assuming you didn’t want to be ranting at a blank wall - but I guess I was wrong. I’ll join everyone else and blanking you, and forego the rare sparkling contributions amidst the steaming pile of manure.

Good summary Cocobeans. Still not sure about the drill or bust prediction. Certainly, they can’t repeat that financing option again. It’s one thing to screw over all PIs, it’s another to do it to the institutional investors if you want to work in the city again. Interesting that you think the SP damage was intentional; I’m still vacillating between sabotage and sheer incompetence.

As for the sp, it’s what I would have expected from seeing similar (screw all the PIs) dilutions before. It looks like the new subscribers aren’t selling under .25 which is creating something resembling stability. The only variable is what LTHs are doing - selling up or averaging down. That’s creating micro-movements in quite a narrow brand (.235-.265). I’ve seen this stay like this for a week or more until the dust settles. The Christmas break helps if it gets through tomorrow. The big question is what happens next? I wouldn’t venture to say either way, but if the SP is still in this range on Wednesday next week, then I suspect we’ve reached rock bottom until the drilling fireworks/shenanigans start in January. Then, as they say, it’s all to play for…

LW: I think what everyone is saying is that you’ve said it (multiple times); it was understood by the community on the board and, if you don’t want everyone to bin you, then stop harping on like an obsessive. You have some interesting things to say and I’d like to hear them. But if you keep making the same point hour after hour, day after day, I and everyone else will bin you. Incidentally, you weren’t the only one screaming (adamantly) that all PIs should sell. I seem to remember giving that from 6.8p all the way down (and taking a fair bit of abuse for my trouble).

Joe: yes, and now. He’s now going on incessantly about another placing at the end of January. It’s certainly getting a bit tiresome..