RE: A bad situation9 Dec 2023 08:59
Been trying to think about what to do here. Heavily down but the value of my holding is still an amount worth not losing.
Im thinking they will raise around 5m, perhaps around the 1.45 area (hopefully). We then should hopefully be able to drill Itumbula with a fixed drill and also go back and finish off Tai 3.
I then think okay, that’s not too bad. A commercial discovery still has the ability to send us back into positive territory.
However, it’s the odds of commercial discovery I’m struggling with getting my head round. When people are drilling for natural gas and you find some helium, the existence of that gas draws out the helium, so you have free gas. Where we have green helium exploration, are we likely to keep hitting this exsolved gas situation which the market doesn’t seem to be impressed by (and perhaps because the extraction process will be new and not really understood)?
Just trying to figure out if we can still nail this