The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
With the excitement building again and seeing some new-ish investors here, I thought I'd post the the Hannam and Partners report from September, 21 that details expected risked and unrisked share prices.
https://drive.google.com/file/d/1a5M9mWhRXGFj3Vk4ZPwQMkQ0DeE8omH6/view
The numbers are pretty extraordinary, £7.31 expected share price if the whole 138 BCF is realised even though that's measured at $250 per MCF and 4.4% concentration when helium is now selling at $400-500 per MCF and there've been evidence of over 10% concentration of helium.
That's more in the clouds for the moment but more relatable numbers are the projected risked and unrisked NAV; 25p risked and £1.32 un-risked but again, that's at $250 per MCF and also a 12% discount (they don't show a no-discounted estimate so I'm assuming a discount is the industry norm) and they say that a $50 increase in MCF equates to a 6p/sh risked and 33p/sh unrisked increase. I personally can't see the SP climbing to around 50p pre-drill, low to mid 20's sure, but still very interesting.
Not to be a downer but I did keep saying to just sit tight and be patient.. But yeah, very positive meeting to the point where at times it sounds as if they are 100% certain they'll reach success this time with Mike having to change mid-sentence how he was going to end it make it less bullish. And all that 'DM needs to go' BS, they've obviously learned from their mistakes and acted upon them and hopefully in a couple of months we'll reap the rewards
But Dai, what's more likely, it suddenly dropping to sub 5p or an RNS dropping soon stating that the drill has been secured? You have to measure it by risk and reward. For the sake of it gradually slipping to maybe mid 5p eventually I would just get in now. And yeah, as I remember us all discussing in length in the summer of '21, if/when they reach a discovery £1 will probably still look pretty damn cheap
How do you manage to reply to a comment from a completely different thread smh.. Lol, you keep thinking that buddy. Stop crying because you suffered your first paper loss. Like literally, what tf are you even talking about old man
Legal, although there's definitely potential for bad news on the horizon I personally can't see the SP dropping much lower, for the sake of a penny or two I would just buy in now in case a great RNS drops tomorrow and the SP jumps a little
Hahaha more ramping? What, by stating the obvious? What do you think's going to happen to the SP when the drilling starts again, tank?... Look at the thumbs up I'm getting compared to all you moaners, people are sick of seeing the same pathetic derampers repeating the same drivel like a broken record. There used to be some incredibly good discussions on here from the likes of Dai, ITV, Trek but nope, now it's just constant barely-warranted DM bashing.
If you think the BoD are 'undefendable' gtfo out of the stock then. Once the drilling starts and if/when they strike gold, you'll all coming running back saying how great DM is, how we're so lucky to have someone so determined and honest to be heading the company etc yawn... DM isn't going anywhere and who tf cares if potential dates for things are missed, they're not baking a cake here... Do they have enough money to continue? Yes. Do they have a plan that is in progress? Yes. Do we have rough dates for things? Yes. Stop with the incessant crying then
It's honestly just aggravating at this point. At first over a year ago, sure people were annoyed but to keep seeing the exact same posts all this time on when it's people just panicking who shouldn't be in the stock if they are doing so.
But yes, the share price is looking good at the minute 'oh oh the SP has dropped!' so what? Able to buy a lot for very little at the minute. Come Jan/Feb when the drilling starts, we'll be wishing the SP to be 10p again so we could buy more so cheaply
This board really has gone to **** this past year...
Legal, did it not occur to you that the HE1 team don't have a magical crystal ball? Do you also think that the team walked in to this deal knowing about the hurdles that they're now facing? I seriously do not understand people on this board anymore. Constant whinging and moaning. There's a lot of parties and a lot of moving parts in all of this, there are going to hiccups and things that need ironing out. Even if they did know about the release papers, do you not think that they would not be at least very damn sure they were going to get the rig when they knew how long it would take/cost especially with the audit?
As I've said too many times here already; Be. Patient. Seems like so many on here stay up all night thinking and complaining about this. Things like this take time; DM can't predict the future or what the next hurdle will be. We've been a potential drill date of Jan/Feb, still plenty of time yet so stop constantly worrying and give it time.. Some of us like myself have been here for nearly 2 years, be patient
@Daven66
I've been on this board since early 21 and ever since the late summer drilling campaign there's been this constant moan and complain about Dave being this and the SP doing that. After over a year of seeing people constantly talk about these pointless and baseless matters, it gets a bit annoying. Everyone here should have done their due diligence but yet the same posts keep getting made. Sure, most are probably just de-rampers trying to scare others in to selling but even so
What is it with people on this board constantly panicking and complaining and having this perception that HE1 owes you all huge amounts of overdue money? You are only the fool if you sell at this point. This was never going to be a get-quick-rich scheme. With investing, especially with companies like this, you need a little thing called patience, we are literally 2/3 months away from the next drill why on earth would you wait this long and sell now. Things take time and there are various moving parts, so sit tight, stop complaining. Also, the price of the stock at the minute makes literally zero difference. If anything, I hope it does drop to 5, 4, 3p because then I can just buy more. Has any awful news come out? No. Has there been any indication of anything seriously wrong happening? No. So it literally makes absolutely zero difference what happens to the SP right now. You're talking about losing so much money, they're paper losses and when the drilling campaign ramps up again they'll turn in to paper gains. Literally, apart from checking the RNS every so often, forget about this stock until early January
I seriously don't understand why I have to explain this to investors...
Honestly, sick of seeing this sort of crap over the past year. Anyone who thinks he's 'dodgy' is just a plain mong. Stop crying because the first drill failed, like so many others do, and you didn't get the millions you were expecting to get out of an AIM-listed penny stock.... Either stop de-ramping or, if whatever reason, you honestly believe he's in the wrong then sell up and get off this board. Did he get a bit too excited? Yeah, sure, but everything was telling him he was about to make the discovery of his career, make him a millionaire over night and possibly hit headlines around the world. Were mistakes made? Yes, but they weren't just his and he's also only human; the lessons have been learnt and have obviously been/are being fixed.
For the love of god, give it a bloody rest...
As a HGV/PSV/GSE/light vehicle et al mechanic, no it doesn't take that long to do 12 fuel injectors but what you're forgetting is getting the new injectors themselves. I can't remember where they said the rig currently is exactly but it's somewhere in Africa (Kenya, I think?) but I'd be pretty surprised if they were able to get new injectors within a few weeks. Some parts can be notoriously long to get even when they're just on the other side of the Channel, nevermind a couple thousand miles away and you're in some compound out in the middle of essentially nowhere. I can't imagine there being anywhere local that would have 12 - probably pretty specific - so I would guess they would get them from CAT themselves or a supplier in Europe so that'll be a few weeks at least if I had to guess. If I remember right, the rig is fairly new so they would probably also need CAT diagnostic software so they can code the new injectors to the engine.
Anyway, literally none of this matters. So long as the audit does get finished by January, the drilling team and all the sundries are ready and they have enough money to last to Jan/Feb+, literally nothing matters. Who gives a **** if the SP goes to 1p tomorrow and 15p the next
Christ, are people still whinging about DM.. Little news gets released because there's little news to release and it apparently costs a lot of money so why would DM want to waste it?
And what are you talking about with 'costing shareholders an absolute fortune'?? What, were you promised in writing you were going to make X amount of money? This is gambling and very risky gambling at that and who the **** actually cares whether it's 4p now, or 9p next week, or 6p the week after.... It literally does not matter. What matters is they do things right this time. They've done more surveying, hired more people and are going about acquiring the drill the right way this time after learning from their mistakes. Has it been quick? No, but drilling never is.
I find it mad that people are still on here acting like they're owed this potential money they'll make.. To be honest, I hope it stays at 5p if not lower so I can carry on getting a lot of shares for a discounted price
Hi Dai, long time no see my friend.
Still got a position although smaller now, looking to build it back up again. I didn't watch the AGM unfortunately :( but thank you for the info and links, I'll check them out. Strange to hear when last time I heard they were hoping to shallow drill a few months ago and looking to use the big rig around about now but at least it gives me more time to buy back in, thanks!
Hi guys, not been around for 6 months or so. Just wondering what are the current timelines? What happened to the shallow drilling? I've seen that they're still looking to acquire a drilling rig but have they said roughly when drilling might commence?
Many thanks
Probably the half-decent thing you've said Blue. I struggle to believe masks have made any impact but lockdowns definitely didn't make any impact, just look at the 2nd lockdown. They keep banging the same drum, let the same delusional and ignorant members of the public speak on the radio all to rile every one and get people panicking again. Can't see another lockdown happening now in all honesty. We have the vaccine, nothing more can be done. We've done 10x the damage in locking down and all that than what Covid has actually done
Seems to me that there is little trust in airline stocks atm. A few+ months ago, completely understandable but now?... I work at one of the UK's biggest airports and ever since the relaxation of the whole PCR crap bookings have sky-rocketed, as in, if the numbers carry on like this it'll beat the airport's total passenger number prediction. US opens in 2 weeks, Aer Lingus, for example, started flying from Manchester Airport from today etc. Even just driving past the apron you could see there was more traffic in terms of plane movements. Just sit tight guys, this is just panic selling and nothing more. There is a lot of pent-up demand and give it time because the numbers will soon speak for themselves and the trust will be regained