Member Info for SeagullsFan

My take on that.

He was subdued compared to previous interviews. However, this only goes to confirm (in my mind) that the exuberance he has shown previously was genuine.

He confirms that, in his opinion, this does de-risk the entire basin, so a big positive.
He says that Tai still looks positive and they will be back to re-drill (IMO).

Time line was vague as to when things happen with the next drill. However, they will probably need a bit of time to regroup and plan what's next.

I think this will put a limit on any potential SP rebound in the short-term though.

@DBD

Keep up at the back - no room for stragglers on the ADV bus mate ;)

@DBD

Now holding 6 (not 5) in ADV ;).

@ST

Agree with your upbeat views. I have been selling a few other holdings today and have bought extra in here (4 lots so far at avg of 12.6), and another lovely chunk of ADV. Sold ZPHR as that had a 11% spike today, and seemed the sensible thing to do. Then ADV went up a bit too :).

Enjoy your break mate. Raise a glass for me eh!

@DBD

Not yet, I will catch that soon. Time for some cool heads around I think. Lol

When I say added further, that's on top of the even earlier adds at 11.8 and 13.3.

Thanks for the chart view joshwaa :)

Added further today at 13.14 and 13.15.

Still have some dry powder which I will use if this goes sub 12p. Otherwise, I will look to trade more as the inevitable rise happen over the next few weeks (IMO).

And I've been topping up this morning at these low prices.

I may sell some over the coming weeks, but I'm fairly confident that buying at 11.8, 13.3, 13.14 and 13.15 prices is a decent bet.

GLA . The hole failure doesn't mean the drill is a failure. Knee-jerk reaction IMO.

@DBD

Thanks for the explanation. Reassuring as you speak from experience. I'm viewing the drop as an opportunity as I am still confident that the project is viable.

I've bought some today at 11.8 and 13.3. Wanted to buy more but took time to sell some other holdings to generate the funds.

By then the prices had risen 15/16p, but now appears to be drifting lower again.

I, for one, see this as a great opportunity to get some more at a lower price, average down and maybe do some trading on these over next few months.

My confidence in the project is still there, although I will admit that my perception of DM has been slightly impacted, which is a shame.

I'm looking to buy too like @DBD.

Can't get any trades @ST on HL - frustrating. Good time to make some profits on next rise, which will happen

My opinion (guess) is the MM saw a lot of sell orders, so took the opportunity to drop the price. There will be buyers at this level that's for sure.

Price dropped to 12p - will be holding for now that's for sure.

Salutary lesson, that's for sure :).

Just need to stick with this for next few months during rest of drill campaign.

@NinjaInvestor

Yep, Sussex is stunning on a warm summers day. Great views from Ditchling Beacon too.

Good job it wasn’t yesterday as it was peeing down :)

@saint-tropez

Thanks for your post. I don’t use charts as I tend to go on the fundamentals and news flow (which has been my basis on HE1). However, whilst HE1 has been drifting it’s been interesting to see @joshwaa’s charts and they have been a reasonable indication of the trend/support levels.

I totally agree that in AIM and especially explorers, the charts provide limited benefit. IMO, the entry point here for ADV is still cheap and I will be looking to add some more by the end of the week.

I can’t envisage me trading these during the next months, unless there is a huge multi-bag and I top-slice.

Also goes to show my thoughts that it may be slightly overbought are not something I should be concerned at. I was planning on adding if this dropped towards 3p, but maybe I won’t get that opportunity :)

Also, there seems to be more discussion in regards ADV, which is more likely to support at these levels I guess even if it doesn’t drive it higher.

Many thanks Joshwaa.

Very reassuring interview.

Seemed very bullish as to the latest drill and also the nice hints about other acquisitions. Could be a very good 2nd half I feel.

Hey Joshwaa.

(Sorry for the ref to another share). Can you do the same for ADV and post on there too. Wondering how it’s looking in terms of overbought at the moment. I know you’re invested there too. Thanks ;)

@bunsa.

Fear is a powerful tool to control the plebs.