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My interpretation of the SP drop is, in part, down to some of the wording (CAPITALISED below) in the RNS:

“INITIAL data supports the Company's interpreted larger helium-bearing reservoir zone with multiple helium zones encountered throughout the deepening operation from 2,200 feet to 5,100 feet. PROMISING Helium Readings: Mud log gas levels containing up to 7.24% helium were encountered during drilling. These samples are diluted by atmospheric air due to the rotary air drilling method used and unaffected samples for laboratory analysis WILL BE ACQUIRED IN DUE COURSE. Comprehensive Data Collection: Down-hole wireline logging data was acquired over January 11th-12th, this data will be integrated with ADDITIONAL downhole data that will be acquired over the COMING WEEKS. Next Steps: Additional data collection, including optical televiewer, pressure, and flow testing, will be conducted AFTER the completion of drilling of Jetstream #2.”

HEX has seen similar SP fluctuations on seemingly positive news. Today’s drop provided an opportunity to buy some more.

This quarter should be interesting in terms of financing. SB is pursuing a number of options; hopefully one of them will provide funds for the feasibility study and the bulk sample testing. Securing special project status (announcement expected before the end of this quarter) will hopefully provide more long term funding opportunities.

A gradual flow of positive news and continued good communication should support a steady improvement in the SP.

OF did say that he respects shareholders (of course he has to say that) and that he prefers targeted placings to broker led placings; maybe the Florida trip has some significance.

Greg Martyr could learn a lot from OF about communication.

Paul - I agree. A lot could depend on Tempiute, but completion dates can slip. He does seem to be concentrating on Tempiute to achieve early production, and presumably the means to secure the early award of a grant, as well as the means to generate cash from production.

They have a lot of prospects; I hope they don't spread themselves too thin in terms of cash and focus.

Another very positive interview. There is a lot going on so there should be a steady flow of good news.

In the short term, it will be good to see Tempiute concluded by 31/01/25 and the government grant secured.

https://audioboom.com/posts/8635762-sunday-roast-featuring-oliver-friesen-ceo-executive-director-of-guardian-metal-resources-gme

I'm sure regular posters are aware of Santa24's changing position; their recent posts are in complete contrast to their December posts, e.g. on 20/12/24 Santa24 posted:

"A week before Christmas and the sad lonely trolls who have no family or loved ones are going around different share boards enjoying the few % drop

You know who you are!!

Pathetic"

GM has previously referred to restrictions to mining below the water table , but has always expressed confidence that the company would be able to overcome these restrictions. Let's hope his optimism is justified.

Https://www.londonstockexchange.com/news-article/ARV/update-on-placing-settlement-and-use-of-proceeds/16834629

Reading posts with the same ‘message’ is tedious.

Each investor needs to consider their own risk appetite. In the case of GEX, there is a potentially a massive upside which in my personal view is accompanied by risk that I am prepared to accept.

With reference to the possibility that CSS may sell all or some of their shares over time, I ask myself: does the sale of their shares materially alter my risk / reward calculation? To me, it makes no material difference in the long term when considering the potential reward.

CSS could sell some of their shares immediately, sell some on receipt of the drilling permit, sell some after spud and before TD, or hold. Speculation about CSS will have no material impact on my risk /reward calculation.

I am content to wait and if the price drops, it presents a buying opportunity.

In view of some recent comments, I believe it is worth reminding people about information that has been provided by TH or that has been included in published documents / presentations :

• The Mt Winter-1 well was drilled in 1982 to a depth of 2,650m TD but did not penetrate the subsalt Heavitree Formation Hydrogen, Helium & Natural Gas reservoir target but reached TD in salt just above it. All 3 previously drilled wells have penetrated the heavitree and have encountered high concentrations of Helium & Hydrogen. (up to 9% Helium 11% Hydrogen)

• The Hussar Project is considered by independent consultants to be one of the most potentially significant resource basins in the Asia Pacific region due to its significant Helium, Hydrogen, Oil & Natural Gas potential.

• On 11/12/24, TH advised that it is likely to take 2-3 months to obtain the Mt Winter drilling permit. A Joint Operating Agreement will also be required followed by the completion of the seismic work; a pre drill programme will then be developed. GEX plan to use the learning from Hussar drill and apply it to the Mt Winter drill.

• The Mt Hussar drilling programme has an estimated duration of 50 days.

GEX are undertaking a project that will be subject to risk and uncertainty. When reviewing an investment opportunity, some of the questions I ask are:

• Is there an opportunity to secure a major resource?

• Is there a strong demand for the resource?

• Are the directors invested in the company?

• Is the project being undertaken in a friendly jurisdiction?

• Does the company have a plan?

• Does the company kept investors informed of developments?

• Are the project activities subject to risks and uncertainties?

• Are the project milestones being achieved?

• Have project milestones been achieved on time?

• On balance, does the opportunity outweigh the negative risk?

Answers will vary between Yes, No and sometimes.

Perhaps a discussion around these points would produce a more informed view.

On 06/12/24, GM advised that they would be mobilising the rig as early as next week. Rather vague, as usual, so it's no surprise that there has been no announcement about the commencement of drilling.

For anyone who has not listened to the Vox interview from 11/12/24with Tony Hamilton re Mt Winter:

https://www.voxmarkets.co.uk/media/6759d305c04c3a4553a97781/?context=/series/daily-podcast/Vox

It provides clarity on the steps required over the next few months and a reminder of the potential at Mt Winter.

For anyone who has not listened to the Vox interview:

https://www.voxmarkets.co.uk/media/6759d305c04c3a4553a97781/?context=/series/daily-podcast/Vox

It provides clarity on the steps required over the next few months and a reminder of the potential at Mt Winter.

Tom80 - I just need to correct you on one point in your post. The directors do take salaries: confirmed by AH in his interview with TMS on02/09/24 (13:50 min in)

StockCheque - building on your investment case, I would like to add that in SB's presentation on 28/10/24 he mentioned that the 23m tonne resource represented only one third of the resource they have defined. With reference to this point, SB said that this would allow them to ramp up mining or extend the mine life. SB also hinted that an AAM plant in the US is a possibility.

Building on the discussion re the value of GROC, it is worth remembering that the post tax NPV8 value assigned to the mine in the PEA was US$179m which was based on the lower graphite layer. In addition there is the upper graphite layer and the resources contained within the additional licence areas secured since the PEA was prepared.

Compared to many companies, GROC probably have better options than most re funding.

I posted the following details on 15/11/24.

In one of SB’s interviews he observed that China takes a long-term view of supplies whereas the West has believed the market will solve any problems. I have noted various funding options that SB has referred to (and in many cases is actively pursuing) and they include:

• Advanced Propulsion Centre grant of £250,00 was awarded to support the PFS for the AAM plant PFS.

• Raw Materials Fund - 1bn euros – Germany: to support suppliers to German companies.

• Greenland and Danish venture funds.

• EU Battery Alliance Fund - 500m Euros

• Critical Raw Materials Special Project Status – decisions by EU by end of Q1 2025.

• EU Innovation fund – grant allocation of 4.8bn euros to 85 innovative projects.

• Mineral Security Partnership – 32 projects (GROC is one of them). The details of potential support mechanisms are to be determined.

• National battery strategy - Norway

• JV partners / off-takers

• General Motors – investment in lithium mining?

• EXIM Bank in the US – loan.

SB is in my opinion working hard to minimise the need for a placing: good luck and keep up the good work.

After the PEA report was issued on 31/10/23, the market cap reached c£6.5m. Since then, there has been a steady flow of positive news with the potential for imminent news re progress on the exploitation licence, offtake deals and financing, although there is always the risk of a placing to meet cashflow requirements. Based on the preceding market cap, the equivalent current SP is 3.3p.

One can also throw into the mix the impact of China's export restrictions and the resulting desire to expedite production in Europe.

Artemis Resources Limited (ASX/AIM: ARV) ('Artemis' or 'the Company') is pleased to announce a significant step in its strategic business evolution with the intention to appoint of Mr. Julian Hanna, a highly experienced and accomplished mining industry executive as the Company's Technical Director elect, subject to required AIM Market procedures.