He1 finished. Raised to oblivion...11 Jun 2024 17:07
With the enormous float here now, 5.3b shares, in a remote and undeveloped country, He1 is finished in my view as a serious LT investment, especially as it's clearly an organisation which will raise, raise, raise, rather than doing so alongside other funding options like debt/forward sale of product etc... which it won't do because it means the BOD taking some accountability, and that's clearly a no-no. This has now become a classic lifestyle play for the traders because the BOD knows the chance of success and the cost of development in Rukwa are simply too great (£12.7m for an ewt). I can see this being shorted down 0.1p,even less. Become like another BCE.