Newcomer to he127 Dec 2020 19:41
Hi all,
Considering a stake here. I see this as very high risk, like all of the prospecting. I have been hit hard in the past with the elongated RNS announcements with some operations, regular fund raising, and share price diluted to sub price levels.
However with very few competitors, if anyone is going to be successful, hopefully it'll be these guys.
Still digesting that document that someone kindly shared on here, but it seems there's a 20% chance of success, from this snippet:
"HE1 sees around a 20% geological chance
of success"
So I read that as a 1 in 5 chance of them finding helium. From my position, it's a punt.
That said I am keen! Has anyone else had any good experiences of prospecting stocks? Whilst I admit that most investing is ultimately a gamble, a good product and sound business decisions invariably lead to growth. Prospecting is a different ball game!
As I said I'm keen on investing, so am also keen on discussing and sharing other people's views and any research they've uncovered :)
Thanks!