Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It will be very much the same because there wasn't much DM could've done. He could've never have known about the Predator rig being restricted by the court nor could he have known about Exalo wanting to extend their rig contract.. This move was to simply just inspire investor confidence and that's it, everything that will happen now going forward was going to happen regardless. People have this notion that DM was just wasting time for a pay cheque lol he knew everyone on here were breathing down his neck and he knew the BoD were doing the same, he wanted a discovery as soon as the rest of us. I wish Lorna the best but don't expect anything to really change, rig contract discussions won't now magically speed up..
Sorry to break it to you buddy, but that's investing; waiting. I don't think you really understand and appreciate what goes on with a company like HE1. I mean if you can show me an incident where he truly messed up, fair enough but you and many others seem to have this belief that if he wanted to he could wave his wand and have a drill rig ready to go. This incessant DM bashing just because you've got a paper loss needs to stop and after over a year of it it wears a bit thin. Good, quality posts and analyses get lost through meritless moaning
@Dobbyy I know, I do understand it, I too am frustrated but everytime I come on here that's all I ever see. Long gone are the days of constant, varied and constructive discussions/research
@Turbot1610 But as per my reply to Dobbyy, this board has gone downhill massively. It is literally all I ever read when I come on here and, if I'm to be completely open and honest, it makes you all sound really inexperienced. HE1 nor any company similar will give 'proper comms' because there'll 100's more hurdles that we don't get to know about that constantly need to be overcome. Sometimes it'll be 1 step forward and 5 steps back. DM will feel the pressure and unpleasantness from you lot at the minute, now imagine he's releasing an RNS every two weeks and having to occupy half of it with essentially "ignore the last one fellas, things have changed" you guys would be in constant uproar. It also supposedly is really expensive to post an RNS but I'm not sure how true that is.
Also, to be honest I didn't pay much attention for the first 6 months of last year because I knew I just had to sit and wait so I can't really say for certain whether they were slow to act or whatever but they still seemed to get things done. No point jumping straight back in to drilling with exactly the same data when it wasn't successful the first time.. And it takes time to sift through all of that data, 100's of kilometres was it? It takes time, a lot of time to really pin point where's best out of all of that noise. And getting a drill rig won't be like going to Tesco for a meal deal, they had to figure out what they needed (takes time) look around the market to see what's available which isn't just going on Amazon, it's emailing, calling, waiting for a phone call back, calling again etc (takes time) and then negotiating the contract, searching again and negotiating another one when the first one wasn't viable etc (more time) and then to make sure there was complete confidence in the rig DM/HE1 made the wise decision to audit the rig (unfortunately, more time). To me, it just seems like you all think if DM wanted to he could wave a wand and have the Predator rig on the pad ready to be ran up.
I don't think many here understand and appreciate what actually goes on nor how much work and time goes in to the countless stages of the drilling programme. I'm as frustrated as you all are but the constant meritless DM bashing makes you everyone look inexperienced as investors
@Dobbyy yes, and if they had done that you would have all whinged and moaned that DM 'isn't fit for the job' or whatever drivel keeps being repeated here like a broken record.
A completely unexpected/anticipated hurdle was thrown in front of the team, they then tried hastily to get another rig as soon as which they essentially did but another unexpected/anticipated hurdle was met. It was never, ever going to be smooth nor plain sailing
Well said fjones40, all of the DM bashers went away when the MOU was signed but now they're back to try and drive the SP down further. They can't just pick and choose what rig they want and when they want it. It's a shame but we never had the rig in the first place. They've tried twice and both times there's been hiccups, like you would very much expect in this sort of game. So now, we have more time to acquire more shares
When did DM lie twice? What part of an MOU is hard to grasp Dirty? Fair enough if he said 'we have a rig, it's all signed, the drilling is going ahead' but he nor HE1 ever did say that and how was HE1 supposed to know that a 3rd party would place a halt on the acquisition of the Predator rig? Reading some of the comments on here seriously worries me that you're all invested in a stock when you seem to grasp so little of what goes on. Until HE1 say "we have the rig and it's on its way to the drill site" you treat it as if there is no rig at all no matter what they say
Yawn, back to the classic DM bashing, shame, I had hoped you SeaHawk and the rest of you had either grown up or f*cked off. This is business. HE1 are a small outfit with a small cash reserve and will always find it difficult acquiring the right rig especially after the Russian invasion and resultant ending of drilling projects over there. They can't exactly go to a dealership and pick and choose what they want... They made the best out of a bad situation and another unforeseeable issue has come up and now the contingency plan kicks in. But oh no, it's all DM's fault again lol...
The other effect imo of share dilution is the fact that it opens the stock to potential new investors who might then decide to buy a bigger share of the company and tell others, hopefully this is what's happened and they're not waiting for the right price to sell
Just to sort of add-on to Blubay (good points by the way) is that helium is also the second smallest element which - I imagine - makes it a far easier gas to flow to surface as it's able to more easily flow through cracks and gaps. Also, because of the price of helium, a comparatively low volume and flow rate to O&G could still be economically viable.
But yeah the fact that they're drilling at the same place with a better drill, better team, better 2D seismic and understanding of the ground below are all very confident inspiring. They've even said they made a mistake at Tai-1 by unknowingly drilling along a fault line, so all good news. The fact that they're also drilling it to be an appraisal well along with the rhetoric they're coming out with sounds to me like all they have to do is drill
Glad you made some profit but you'll deeply regret selling when the drill campaign starts again. People make it out like the dilution will make your shares worth a tiny fraction of what they are now.. Sure, they'll be worth less but if/when they announce a discovery and it shoots to £1+ and far, far higher over time, will you really be that bothered that the SP is a bit less than what it otherwise would have been?... This was always coming anyway
Just thought I would start a discussion about the recent bullish statements/tones coming from HE1. Most of us here I'm sure remember how it was last time but to me it doesn't even sound like they're sure of a discovery; it sounds like they've already got one. Obviously, they haven't, but all of the talk about Balangida/Eyasi, about further 2D seismics, drilling the next hole so that it can go straight to appraisal.
All confidence-boosting news plus a far better drill and subsurface data although I am still cautious. Can't wait for the drill to start again :)
If I'm being completely honest, you really don't sound ready to be investing. £3500 is a lot of money to be throwing around when you don't understand how the website works nor what the company is doing or when to capitalise on their actions.
Go to Youtube and watch some videos on fundamental stock analysis (forget technical analysis, almost completely pointless on stocks), learn about self-control and just use T212's practice account for the time being so understand how the trading works. If you're not careful you'll lose that £3500 in no time.
@Dai They released an RNS just showcasing that? Pretty strange if so!
@ITV Thank you for the kind words! Even the first drill, this is a very small outfit out in Tanzania who managed to heavily de-risk their drilling campaign/chances. A fully successful first drill was always going to be heavily unlikely and another drilling campaign was pretty much a given so why not earth people were giving DM and the team so much grief is beyond me.
But here we are, with a far better rig, far better 2D seismic data and a more wiser and experienced team who've learned from their mistakes. I kind of just want Christmas/New Year's over with so we can get cracking on!
Good god, why are people still making posts like this?? We'll secure a rig and the drill campaign will happen. It - apparently - costs a lot of money to release an RNS so no, we won't and will never get an RNS for every tiny detail that could be announced. HE1 expect the rig to finish its current operation next month. So what if it only becomes available in January or February? Who honestly cares? This is life, there are always going to be setbacks and unexpected hurdles. We've been given a potential timeline, they're working on it, they've recently updated us, a MOU has been signed and they're currently purchasing trucks to transport the rig. Sit back, relax and be patient...
Although the chance of the drill being successful is risky, despite the very bullish statements and evidence HE1 have provided, it's a pretty much given fact that you'll double probably triple your money if you invested now and just waited for the drilling to start. 'Oh but you're ramping, you're ramping' no, the 2023 drilling campaign is upon us and when it is the SP is only going one way like it did last time. The H&P report dictates that the SP should go even higher than last time but slight dilution of the shares and potentially greater investor apprehension might only see the SP go to hight teens low 20's. Personally, put it in and as soon as or soon after the drilling starts take out your £3500 and let ride the rest of the shares