RE: 1m Trades8 Feb 2024 09:49
Although joe80 I guess any meaningful conversations with potential jv partners may have an impact on their current 'next course of action', assuming they are having any conversations.
When idiots say HE1 is 'fully funded; they are talking crap. That recent cash will certainly help extend their cash runway ie pay wages and cover core costs but how far will it go towards another drill, paying for the recent results to be verified?
Let's assume lab tests are fast tracked and verification is RNSd in a week's time. What then? If the results are as good as LB has said and the sp jumps another 100% then surely all sorts of third parties will be crawling all over HE1 trying to get in on the action and force a good deal for themselves on LB. That's where I worry about Liberum. Have they got people capable of negotiating such a deal?
I was hoping for 5p by the end of this week but it's clear that's not now going to happen. MMs have played their part in two or three stunts now and dealing with all the forward selling. I don't trust them one inch to play fair here so just beware folks. I've been caught out so many times over the years. Just when you think something is a certainty mms and AIM BODs can pull the rug from under your feet and let's face it, lths here have far more reason to be wary of LB than newcomers like me.