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Lets hope for he sake our the country and our so far reliable power supplies labour don't get in then or are we all looking forward to going back to rolling blackouts.

Don't think the migrant army will be best pleased at that situation.

$2M AUD to be spent on seismic this yr with some spent already from MSMN updates? which isn't excessive imho esp as GRV have the director loans of $3M AUD in reserve then $5.5M AUD next year on drilling .

Wouldn't be surprised to see another partner join if needed esp if seismic make the play look as exciting in CODEFRED's post below?

"soon be trying"

Starting to look like they're getting round to telling peeps their bitumen play is a bust imo. They're talking about looking to purchase other projects which should mean they'll soon trying get their investors to concentrate on the helium.

Seems to be the way with smallcaps, move from one play to another til they find something successful or go bust.

Nm.

https://www.knittingindustry.com/julien-born-to-lead-global-scale-up-of-heiq-aeoniq/

They should have another day in the Sun at some point even with only Aeoniq.

So long as it stays on target then appears they're looking at $130M revenues/yr from their Portuguese factory alone from early '26?

I.m taking it we're waiting on them being able to convince a market that's been bitten once to believe its actually going to happen which seems fair enough.

Early production is nothing to be sniffed at in relation to their marketcap and that's getting closer or should be..

https://www.fmp-tv.co.uk/2023/07/06/heiq-mas-holdings-invests-in-heiq-aeoniq/

Agreed, posters can make their own minds up and should do. We're all just pi's with opinions is all But from my perspective they're free carried in Aus so no funding worries there and in the interview stated they were selling the oil/gas assets so as to put the cash in the bank ready for drilling helium in U.S later in the year.

I think you're a troll rayte I know how trolls write and its just like how you do it.

Your main trading may be with hex, not interested actually, just saw a troll trying to use placing fears to grind the price down here.

Sounds like msmn's the wrong investment for you rayte. You'll never sleep holding these with that attitude and will likely just talk yourself into selling at a loss.

Just my opinion but you sound a right worrywort. Apologies if I'm calling it wrong and you're just a trader that sold yesterday and is peeved the sp hasn't dropped just genuinely worried for your mental health.

They might have felt like they had to RNS it. Don't know about others but I've whinged at them for not rnsing news that GRV have put out before.

Agreed I was planning on doing well out of igas/star til they lost gov support. Have a healthy appreciation of gov support after that debacle.

GRV have received an $100K AUD grant from the N.T. Gov to assist with seismic.

Not a terrific amount but shows they have the backing of the authorities imo.

https://clients3.weblink.com.au/pdf/GRV/02816008.pdf

Like the fact that msmn are free carry with their aussie projects feel a little safer there. Its up to their partners to sort the placings at the mo.

Hotcoppers posters have year end cash position for GRV at $1.7M with an ongoing placing for $1.9M to add to the pot and an undrawn director loan agreement in place of $3M so should be no issue with seismic I'd of thought?

Interestingly their other large project seems to be stalling at testing stage maybe they'll sell as msmn did their oil and gas assets and concentrate on helium too?

If gross production doesn't exceed 250BOPD by end 2025 doesn't that show they aren't actually worth the $2M and msmn are well shot of them?

Oh and cash to underpin current market cap.

They know their investors want them out the U.S O & G sector and into helium so have done so imo.

Good move too with Biden hating hydrocarbons now we have helium, helium and helium.

They've had a lowball raise and their bitumen project needs more testing. They've been testing for years apparently and still to nail down the best method to extract the hydrocarbons.

Seems to be their main gripes?

Expecting them to turn their focus more towards EP145 myself, already punters on HC are talking about it more. Such a big project for them and helium so hot with the investment community reckon management will see it as best chance of regaining positive sentiment and their jobs.

Hoping it will translate to quicker drilling of EP145 but we'll see.

Think you answered your own question there mcjk.

It's madness!

Newbie on the stock just looking in but flabbergasted at the no's. Bit of a silly share price for 7p/year earnings?