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keith your suggestion of shorting is not wise, i only invest in knowing what is going on, at the moment no one knows when or what is going on with helium one. you are all hoping a drill is fixed on time before November rainy season ? that is terrible for investment how do you all sleep at night? I was a shareholder in HE1 and im still sniffing around as i like the project but there isnt even a drill booked to do it ??. i started posting my messages to the people who say "only way is up". Now im being attacked and insulted.
keeping the faith ? this is investing. do you not think its CRAZY to bet on fixing a broken outdated rig on time ??? they are flying in parts from around the world to fix it. that is why there are huge delays, you are gambling on mechanics fixing the rig, gambling on availability of parts, gambling on delivery times of these replacement parts, do these parts need to be freshly manufactured and then sent ? we dont know., i've never seen anything like it.... the project seems close to be delayed to 2023 as its Christmas in 3 months and communication is cloudy and vague at best. its common sense to say after 10 months of waiting this is getting way way too close to the wire. Also to drill just one hole at 35% chance of success ? for real? surely they need multi hole contract... but can they drill in rainy season November December jan ? because it will take months to drill so if they start in October we will be into Jan now ? if I open a trading position of £25,000 for 1P movement do i not have the right to be smart and weigh this up. delayed project RNS or fund raise RNS would cost me maybe 3p or 4p x 25,000 instantly. what happens if in September there is no RNS ? what happens if the rig doesn't work and left with literally no rig ? what if it will takes 60 more days to fix rig? what chance is that 5% ? 15% 20% ? it has to be considered, which means no 2022 project. then HE1 is not worth £45m as the SP now is for a 2022 project. A rig should been booked at least 10 months ago. a delayed project could be a -10% -30% rip a placing is also an instant -25 -30% rip with no get out. the downside risks are very real. i'm not saying the project wont happen but with each passing day it looks very unlikely and a Placing will pay for all this and 2023 drilling. Im not even deramping because I wont invest (again) at 5p or 4p unless there is a fund raise to fund the project and a drill booked.
@deepblue, glad you made some cash ! I will back in "probably" when the placing happens not before as there's too much downside risk for me. if they announce drill without fund raise still I wont invest based on last time as they RNS on the 16th April 2021 to do the drill which pushed sp up.... and 4 weeks later they fund raise....very Sneaky... so common sense expects a repeat of tactics, so no way invest on drill booking alone for me... my other problems for sp downside because its September 1 tomorrow .. no idea what bank balance is, investing in rainy season is strange however (i personally dont know about this type of rig drilling in rainy season, would appreciate some information on this, if it rains hard then what? delaying a rig crew is expensive) drilling 3 holes will take months and months so it can't be over and done with in a few weeks. I really do not know what is going on. Can anyone answer about drilling in rainy season. can they drill from nov to march ?
Reason i am posting is people on here are talking as if the only way is Up ? which is total crap.
Ok I am up for a challenge I will delete my account if there is no placing before discovery. Aussie/Keith/ITV will you delete your accounts if there is a placing ? you up for this ?
Fri, 4th Dec 2020 07:00 RNS
https://www.lse.co.uk/rns/HE1/admission-to-trading-on-aim-mlyu8l6kdl1h02v.html
Successfully raised £6 million
Says · "Fully funded for exploration programme commencing in Q1/Q2 2021 consisting of infill seismic acquisition and three well drilling programme targeting high priority Prospects over the Rukwa Project"
LOOK AUSSIE THE DRILL... ITS FULLY FUNDED ! RNS SAYS SO !!
wow £6m in the bank !
Fri, 16th Apr 2021 07:00 PLACING AND SUBSCRIPTION TO RAISE £10 MILLION
https://www.lse.co.uk/rns/HE1/placing-and-subscription-to-raise-16310-million-0yqbbubbkr72spc.html
LOOK AUSSIE ITS ALL BS !!!!!!!!!!!! THEY ARE NOT FULLY FUNDED.
wow now they got around £15M in the bank to spend! wahoo lets drill. thanks shareholder for the cash !
time to book a mineral rig
31/08/22 how much in the bank as of today ? £5m ? £4m? errrrm ?
Aussie do me a favour, look in the mirror and say to yourself. "HE1 has less money than the admission to the AIM in dec 2020". (i know its a long sentence for you) "Is it possible they need to raise more cash just like april 2021"
go do that and write back to me.
there is NO way to finance this company without a placing. NONE ! only asset is to raise cash through risky shares to shareholders, public or driller. I already documented a few days ago the BS about "FULLY FUNDED". HE1 said they had enough, then 5 months later they did a placing. and now they had $9m last December 2021. prior to that they burnt $6m in six months ! how much is the balance now 10 months later $5m ? that funds NOTHING ! Are you stupid or what? DM was always quoting 4 month old then 5 month old then 6 month old bank balances in interviews and that makes me angry, cover ups. if I invested 500k and then I was ripped 100k through a placing I would freak out because of Lies. in conclusion shut up about fully funded because they lied before
why would a drill operator want to take shares as payment when those shares will 100% be diluted with a placing ? and 2nd if the drill fails the value of shares will be worth a lot less than the cost of cash payment..... He1 will need tons of cash to do this properly..... ok so we get a rns saying we are finally drilling. yay we are drilling ? hmmmmm I say so what !! it cost tons of shareholders money. 90% of the big investors are waiting for the fund raise. So hopeful DM will do it soon. 88e also announced the drill and scrwed everyone for 30% TWICE ! also HE1 is valued at 47,000,000 that is Very overpriced. if you had 47M your bank account would you be happy to buy HE1 for £47 Million ? no way..... no rev, high costs, poor track record, failure to book a rig, time costs tons of money...... chairmen saying "IF WE CAN FIND A RIG" at AGM, RNS's quoting dollars not pounds to show higher numbers to dumb people, failure to work with partners to reduce costs. wake up !! a year has passed. 3 months to Christmas. DM do the fund raise ! get it out of the way. dont scrw punters over with drill announcement then placing. ...............also.... There are two rainy seasons in Tanzania—the heaviest rains are March to May, and a shorter rainy season is November to mid-January. The dry season is May to October. Soooooooooo what happens if the weather is terrible from nov to Jan ? still drilling ?
learn a lesson for free.... Fri, 4th Dec 2020 07:00 RNS
https://www.lse.co.uk/rns/HE1/admission-to-trading-on-aim-mlyu8l6kdl1h02v.html
Successfully raised £6 million
Says · "Fully funded for exploration programme commencing in Q1/Q2 2021 consisting of infill seismic acquisition and three well drilling programme targeting high priority Prospects over the Rukwa Project"
So people in the chat say oh its fully funded ! look RNS Say so. wow 3 holes and seismic. how dare you say otherwise.
10th March 2021 Appointment of Canaccord Genuity as Joint Broker
https://www.lse.co.uk/rns/HE1/appointment-of-canaccord-genuity-as-joint-broker-iuraen3j7xajhv3.html
This means they are going to do fund raise. chat will say, no way its fully funded you evil man. everything you say is nonsense and I have a degree at harvard and inthevoid makes the best coffee cake so your lying
March 22 Drilling targeted to commence in mid-May.
https://www.lse.co.uk/rns/HE1/appointment-of-drilling-contractor-gdnx8sgu6u7rnjz.html
everyone is getting horny and sp is going up. RAMP RAMP RAMP !!!! Everything is Fully funded the RNS said so ! anyone who challenges this is an enemy. !!
Fri, 16th Apr 2021 07:00 PLACING AND SUBSCRIPTION TO RAISE £10 MILLION
https://www.lse.co.uk/rns/HE1/placing-and-subscription-to-raise-16310-million-0yqbbubbkr72spc.html
boooom.....Wow you said it was Fully funded and yet HE1 just diluted the shares and took £10 Million from Shareholders.
So after 5 Months, YES 5 MONTHS !!!!! it not fully funded. Management Misleading the public.
fast forward>>> 21 February 2022
https://www.lse.co.uk/rns/HE1/appointment-of-liberum-as-nomad-and-joint-broker-qj5iw1zcb317nza.html
wow now they changed to Liberum, Liberum specialize in Placings if you didnt know ! so placing is coming....
Chat say o no its not, they are fully funded...even though the cost oil and gas rigs have skyrocketed...
28 March 2022
https://www.lse.co.uk/rns/HE1/interim-results-nng7qzr5b4ebdzu.html
Net cash balance as at 31 December 2021 of $9,729,864 (30 June 2021: $15,802,111) THEY ARE NOW QUOTING DOLLARS CAN YOU SEE THIS ??? $9m is £7.6m
(so 9 months later you think the balance of bank is still 9 mill? cost of appointing nomad? cost of fixing broken rig ? cost of wages for 1 year? Cost of Drill 3 holes (anyone know what that cost?)... so what's the bank balance is it $8m? or $6m ? well if you think $6 mill then we are back to march 2021 all over they need to raise more cash and they are not fully funded? (why do i have to spell all this out ?)
how much now per hole to drill? and move rig ! 2m? PER HOLE !. can anyone do maths in this chat room ?
How much to Fund wages and projects in 2023? 3 million ?
I will never believe this is fully funded and they should never ever use the word fully funded.
its highly possible SP could RIP -25% with a raise or maybe they announce drilling first and draw people in, before pulling the trigger like 2021. That's what th
i see lots of super positive people but you are all missing the 2023 funding. they will have to raise at least £10m for drilling and the 2023 budget. It could happen any day, probably when they announce drilling. there is no way i would pick up 2m shares without fund raise first. this drilling delay has been expensive, wages need to be paid and I am not paying for it thanks. Sp will drop 25% at open when this happens and it's 100%.. not an IF. I hate seeing these posts suggesting its just upside. Every driller has to raise money its normally every year and HE1 are due to raise for the 2nd time. So in balance yes there is upside before the raise....... but please note a fund raise is an instant rip of 25-30%
looking at Bloomberg people are talking $85 oil. I personally am shocked that oil could hit $85 again, but the charts are pointing in that direction and because of recession it will have to be priced in. im not de ramping or anything but sp could hit 25p again the way its going. 62p 55p 50p 48p 45p 40p......whats next. I will take out a monster long position when the oil bottom is hit. sorry. 290k shares sold. world is not happy. I will be back, hopefully soon.
Shorters soak up all the upward movement and leave you with just down. leaving us will a fake SP. 45p is NOT the real share price. if people stopped selling this leach will soon die and leave.
Crispin Odey
18 Upper Brook St,
London W1K 7PU
+44 20 7208 1400
D. E. Shaw & Co. LP
ODEY ASSET MANAGEMENT LLP
Pictet Asset Management Ltd
thanks for all the manipulation over the last few years we know who you are, where you work and your real names, thanks for your lame posts on this board and pushing the SP down. now Close your short positions and f off.
Tullow SP should be around 70p minimum not 45p !!!
Brent prices could soar to a "stratospheric" $380 a barrel in "the most extreme scenario" of Russia slashing oil production by five million barrels per day (bpd) in retaliation to a price cap being considered by the Group of Seven, analysts at J.P.Morgan said in a note dated July 1.
G7 economic powers agreed last week to explore imposing a ban on transporting Russian oil that has been sold above a certain price, aiming to limit Moscow's ability to fund its invasion of Ukraine, which Moscow describes as a "special operation".
"A $50-60 per barrel price cap would likely serve the G7 goals of reducing oil revenues for Russia while assuring barrels continue to flow," the bank said.
"The most obvious and likely risk" is Russia not cooperating and retaliating by reducing exports of oil, it said, adding that Moscow can cut output by up to five million bpd "without excessively hurting its economic interest".
"Given the high level of stress in the oil market, a cut of 3.0 million bpd could cause global Brent price to jump to $190/bbl, while the worst-case scenario, a five million bpd cut could drive oil price to a stratospheric $380/bbl," J.P.Morgan said.
Russian Deputy Prime Minister Alexander Novak said last week that attempts to limit the price of Russian oil could lead to imbalance in the market and push prices higher.
JP Morgan also saw alternative scenarios where China and India do not cooperate with G7 on the price cap, or where Russia fully re-routes exports from the west to the east but loses pricing power.
https://www.thehindubusinessline.com/news/world/oil-could-hit-380-if-russia-slashes-output-over-price-cap-jp-morgan/article65599299.ece
Anyone want to pick a name for the Merger ?
Revenue £1,273m Operating Profit £514m but market cap ....... Market Cap £649m ? Share price is a bit low. Trading Statement and Operational Update on 13th Jul. Should be very good.
https://www.lse.co.uk/share-fundamentals.asp?shareprice=TLW&share=Tullow-Oil
check this link out for good insight into TLW https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares
current SP makes no sense.
really appreciate the big discount. seems some people not looking at the right charts. -4% today ? crazy.
Hey i'm trying to find an answer, couldn't get any help on Tullow chat (im a tlw shareholder).. Clontarf Energy (CLON) has 60% of the Ghana Tano 2A Block – a 1,532km Block, its right next to Tullow's huge Jubilee field. current issue is Clontarf have a long standing ratification issue. Anyone hazard a guess to the value of Tano 2a block? what would it normally cost to buy a Block that size? its in such a good location. I say this as Clontarf is only worth 1.6 mill market cap with a huge asset? (BTW im really not suggesting anyone purchase Clontarf stock). would appreciate some price guesses on Tano 2a Block. many thanks
Clontarf Energy has 60% of the Ghana Tano 2A Block – a 1,532km Block, ITS RIGHT NEXT TO OUR JUBILEE FIELD. they got a long standing ratification issue. Anyone hazard a guess to the value of that block? what would it normally cost to buy it? its in such a good location maybe Its Possible Tullow could purchase it? I say this as Clontarf is only worth 1.4 mill market cap? (BTW im really not suggesting anyone purchase Clontarf stock). would appreciate some price guesses. thanks