not even worth 4p as of today8 Sep 2022 16:24
DM should have done the fund raise a few weeks ago as now HE1 is not even worth £40m ? no project, not fully funded, potential 5 month delay, no drill booked, trying to fix a busted drill in Africa is our only hope ..4 REAL?, communication is fairly good but delivering on the plan is 1st class terrible, no partners to half costs, incoming fund raise is due any day that will lower sp a further -25% on top of any sp drop. Even twitter account has a year old presentation pinned to the top ??? major flags that no one seemed to pick up on: Chairmen at AGM saying months ago "If they can find a drill", when asked cash balance quoting 5 month old bank balances in interviews? changing quoting from pound to Dollars so dumb people think they have more cash.... Am I looking to pick up cheap shares... no way ? there is only 1 buy condition for HE1...Fundraise and a drill booked together. If they only book drill then forget it because fund raise coming like last time. people asking how far can the SP drop? well you have to personally value the company before you invest, noble helium seems further than HE1 and are only 19m market cap...Give me one good reason why HE1 are worth x2 that ? fact is they are not ! what is the value then of HE1 ? say £35m or £25m or £20m.... if you value HE1 at £20m in its current state today with all the concerns, not 6 months ago value, todays value, then the sp should be 3p which is still reasonable considering. Would I personally buy a v large stake again at 3p ? not a chance ! unless my buy conditions are met. Raise cash and rig booked together.
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