Ridiculous panic10 Jul 2024 13:22
The rise over the last couple of days was due to hype, nothing more. It was overdone.
the presentation was rubbish and unprofessional but nothing was said that we weren't already aware of. Around 1p is probably a fairer sp to reflect where HE1 is at.
LB and Directors will not have any choice over taking on a JV partner and they absolutely must NOT be encouraged to think they can go it alone, raising funds via debt and more placings. They will come a cropper if they try that and end up losing all those invested an awful lot of money. They have to take the sensible option and work with an experienced JV partner that has deep pockets. The end rewards might not be so huge but that route derisks the entire project hugely. HE1 cannot possibly afford the £50m price tag riding on the back of retail investors that it has already dumped on so heavily three times in recent years.
Still think this will be 2p+ by end of the year so no great disaster. yet.