Member Info for PatShare

Running SP down to do a placing makes no sense.

In any case, they raised £4.7M on 7th Feb so surely they wouldn't need to do another placing so soon, that doesn't make any sense either.

SP showing as 1.15 to sell/1.25 to buy on HL; having no trouble selling 500,000 @ 1.205 so guessing someone wants them, and more besides?

Someone who doesn't understand that the gas used in party balloons is not the same as the helium used in medical technology, scientific research and hi-tech manufacturing.

I simply cannot understand why those that aren't invested here and clearly hate or distrust the Company, Lorna or the BOD's, or don't have a grasp of the many and varied complexities of exploring in foreign fields, waste their time and energy posting here.

It never fails to amaze me.

I just watched this for the first time, I thought Lorna was very positive and had plenty to tell us.

It all hinges on the extended well test (EWT) by the sounds of things, and the long lead items necessary for that have been ordered and will take a few months to arrive, hence EWT scheduled for Q3 and allowing for the rainy season too I think. Better to be waiting for these items while it's raining than having to wait during prime drilling time.

Lorna clearly knows what HE1 have here. I don't begin to understand flow rates or how many millions of cubic feet are involved, for me the biggest 'tell' is when & how her expression changes near the end of the video when she states 4.7% helium.

She knows.

@admin tag this video to the top like last time

https://youtu.be/r8VLUWiQ_hI?si=auskUuCydqXw_sHJ

Every investor needs to see this, it is actually quite informative and explanatory.

"RNS confirming LP next week".

That is a confident statement, no maybe this or maybe that, absolutely certain.

Let's see shall we?

I hope for everyone's sake that doesn't happen!

Without the syndicate who have shown as much patience as everyone else, possibly more, TK is nothing. I hate to think what effect that would have on the SP, 0.3 would likely be a pipe dream after such an event.

Let's not think about that.

Thanks for your replies to my thread, interesting to see the different views on 'what happens next'.

None the wiser, could go either way, I'll stick with the 500,000 I'm already holding - average isn't too bad - and wait and see.

If I don't invest any more then I'm not risking any more, seems like the wise thing to do. Mind you, doesn't usually stop me from making terrible decisions!

I was tempted to top up today but seeing the SP still falling decided against.

Come Friday when there are an additional 832 million shares being admitted and potentially traded (at a loss?) I can see this dropping even further.

I'll wait and see what happens rather than risk more today. Just hope TK sign off doesn't drop before the weekend, seems unlikely but would be the story of my life, as per usual 😕

So, the 832,652,722 Placing and Retail shares will be admitted to trading at 08.00 on Friday 8th, all being well, increasing the share issue from 4.97 billion to around 5.8 billion shares. All those shares were sold at a discounted price of 0.6p.

The SP now is below 0.6p so has that dilution already been factored in, or will the SP drop even further once those shares are admitted to trading?

The question is, should I top up now or wait until Friday?

Any thoughts on this will be gratefully considered.

I've read it, read it and read it again. And again.

Still not 100% but yes, I think possibly Heron can go ahead once the land use agreement has been prepared and signed.

Not too long with any luck.

Markets reassessed now by look of it, SP rising again.

WOS did say this week. And every week for the last year 🙄

I think the markets just realised this isn't a done deal yet, SP falling back as quick as it rose.

But it still isn't signed! Read the RNS.

I wouldn't get too excited just yet, still hurdles to cross it seem to me.

I don't believe they are waiting for detailed lab reports, everything was done independently on-site.

I think we know all we are going to until we get further updates from Lorna about how HE1 are going to monetise what they have found.

That's correct, RAB holding zero RNS'd on 9th October.

* today, not 'toady'.

Stupid keyboard.

@ dvh - I feel the same as you I think, good to see this finally going up, just hope this isn't another false alarm like so many before.

Been here quite a while, used to have 2 reasonable holdings (1 in HL Fund & Share and 1 in HL ISA - don't ask!) and baled out a year ago when I 'broke even' across the 2 - then made the mistake (maybe, maybe not) of going back in and been underwater ever since. Toady was good but need to get to 1p now to get me out of trouble, anything more becomes a hard earned profit.

Only 1 thing worries me - another poster used the word "imminent" earlier. D'oh!

Come on Harry!!

I believe the only outstanding warrants are from the Conditional Placing of 450,000,000 shares that were admitted to trading on 18th May 2022?

The trigger event will be if the SP is 2.4p or more for 5 consecutive days, at which time the holders can get 1 Warrant Share for every 2 Placing shares, at a price of 1.6p.

The holders of the Warrants must exercise the Warrants within 30 days of the trigger event

The warrants expire 2 years after the Conditional shares were admitted to trading, so Harry has until 18th May this year if he wants to get those away.

Things are definitely looking good today and for the last week, with no concrete news as such, but 2.4p still feels a long way off, maybe not?

Fingers crossed this is it this time, too many false dawns for my liking.

GLA.