Member Info for SeagullsFan

Looks like there's a train drivers strike.

I can see nothing happening with this until the structure gets sorted with Sir Mick.

Definitely will be holding onto these though - the next couple of years will see decent returns IMO.

When I saw the thread title and your username, I thought someone from Mitchell Drilling had joined to give us an update.

Imagine my disappointment. ;)

@Trek

Thanks for the reply.

Plymouth fan then? If so, there’s a lot of support from Brighton fans to Plymouth from the dark years when we had our ground sold. Lots of support from other clubs/supporters and Plymouth fans were amongst that.

My thoughts are also that this will jump fast from these levels to excess of £1.50 if we get a successful drill or drop to 5-10p if all 4 are failures (yikes). The things which will determine the next price level are concentration % and size of find. Just hope that the company doesn’t end up being acquired as soon as there’s a successful drill.

@Trek

I notice that you were signing off recent posts with £5, which I presume is your target. Mr Spacetomato has a target of £10. You could of course both be right as the target could be dependant upon timeline.

So, I was wondering what drives your opinion? Is is a gut feeling/experience from AIM investing or something more tangible and what is your timeline for such a target price?

Thanks.

@Glib

Thanks for the explanation and example.

I've decided that tomorrow I will buy an additional chunk of shares with the sole purpose of phased selling of them once the SP rises when the RNS come out.
My thoughts are (and I know this will change) to sell about 1/3 of the additional shares when the price gets to around 50p. This will recover most of the additional money invested.
Then, I will plan to see the others 2/3 in 2 batches when (if) the price gets to around 65/70 and 80 respectively.
This will then reduce my overall exposure without diluting my holdings (i.e. reduce my average).

I know that I am increasing my risk here, but it's a calculated risk that the first RNS will be a positive (i.e. there is HE in the mud), as, that seems like a given already. It's seeping out of the surface but I know it needs to read higher that the background levels. If that first RNS is positive, then that de-risks that 'extra' share I buy. Feels like an insurance policy haha.

As to risk - my exposure here is quite high, but it's not a case of sh|t or bust for me. If the company does fail here, it will hurt but I'll be OK. However, if they do get a successful drill and the price hits £1+ (and various people have opined values from £2 to £5 and £10), then this is majorly life changing for me.

@wyn

OK, thanks for that.

It seems to me that there are so many caveats with charting that (again my opinion), it’s of limited worth. Maybe it’s more of a tool for shorter-term traders who want to make a few % by buying/selling. I must admit, that is something I have considered and don’t dispute the merits of such an approach,

However, when looking at share like HE1 when we know (again, my opinion) that there will be potentially very large movements when news hits the market, I struggle to see the benefit of trying to trade a few % gain (also,, taking in account he higher spread on such stocks), compared to the multi-bagging upside when good news hits.

If you have large market cap companies, I could see that maybe there is more mileage in this to increase your chance of a successful call, but on low volume stocks with large price swings based on external news, I think it fails.

Just my opinion and I mean no offence.

I am considering adding another chunk of HE1 shares (even though I probably shouldn't).

So, please can you advise if you think I am likely to get a better price later this week or next.
And, what do you think would be the likely price I would be able to buy for within this timeline?

Because, surely that is the purpose of charting. To tell you the trend is the share price and what is likely to happen. The only point of them is to help you predict. If they can't help you predict, then I fail to see the point.

Thanks in advance.
*******
I am not expecting anyone to give me financial advice and will, of course, make any purchase if and when I think it's right.
*******

Appears to be that according to chartists we DON'T need the RNS, as it will have no impact in the share price.

HE1 get a SHOW of helium
OR
HE1 get a No SHOW of helium.

Yep, that won't impact sentiment much.

Thanks myoung.

Every time I listen to DM I get that level of reassurance that they KNOW they will be successful. Next 3 months, then it's party time boys and girls :)

@dbd.
Good to hear. I have funds spare too but I am concerned as I already have a LOT of HE1. If they were to fail, then I don't think I'd want to take more of a hit than my current exposure. I'm looking at my other holdings and will top-up if I see a good opportunity.

So you're sill accumulating DBD - you'll be needing to declare your stake soon lol.
Next few weeks will be interesting (and hopefully profitable).

Working fine for me - try to refresh the page.

@ST
Sorry, no more MR :) lol.
Yes, the Burundi operation will come good too now I feel. George seems a very steady pair of hands. YUO get the feeling he works on things quietly (but firmly) in the background without the need to play to the crowd.
Good times ahead here.

@NICODEMUS63
I personally have no issue with a bit of cross-ramping. That's how many of us get introduced to the companies. I'll check them out. From memory, I think I found RBW from a mention by ST on the HE1 board (although don't tell him - he'll be after commission) :-D.

Mr ST.

This just confirms what they've been saying in the shareholder presentations, in terms of the quality and ease of extraction at Phalaborwa. However, now it's been proven, this should hopefully give the SP a lift. Sentiment will be moving positively now on both projects which is great news.

Let's hope the RNS's from HE1 over the next few weeks are this positive eh! :).

Just the news we’ve been hoping for. Luckily I topped up last week, but was looking to add some more today even before this news.

Looks like I’ll need to get on the market first thing haha.

@prae

Exactly. The comment which Mr ST made earlier about the shoe shine boy giving investment tips: at one of my customers, who I do business consultancy for, there was a guy on the shop-floor saying that crypto was the next big thing and it was worth investing in (without being rude or insulting, he wasn’t the smartest person in the world). I think he viewed it as a get rich quick scheme.

When he was having one of several conversations with me extolling its virtues, I was thinking ‘Ponzi’ scheme. Currencies need to be backed and have intrinsic value - I get debasement is happening via QE etc., but fundamentally, £1 is worth £1. It won’t be worth 50p or £2 tomorrow just because someone decides that that is the case.

However, I do worry about the future of the global financial system, especially when you look at the carnage Biden is planning with 15% ‘stimulus’ in an already heavily indebted economy which is showing signs of supply side constrains. Scary times ahead I fear.

Huge not Hugh. I can’t blame Hugh for everything, even if I’d like to ;)

Mr ST.

Although they are called cryptocurrency, they aren’t a currency. Yes, some people may accept them for payment, but, with EVERY normal currency, you can walk into shops/restaurants/etc. in those countries which use that currency and buy things,

With BTC, it’s a speculation.

Also, no major government will allow a currency which they cannot control. BTS is speculation at best. At least when I invest in shares I am taking a risk on the product/resource/service which that company provides. With BTC, what is there? Just the hope that some other mug is willing to pay more than you for it.

Currencies are meant to be a store of value and ‘should’ to stable. Yes, currencies fluctuate against each other due to the economic performance of the relevant country, but BTC moves by Hugh amounts based on what? Nothing tangible.

It will end in tears IMHO.

Thanks - good article and shows that there is definitely a bright future in this market.

That’s a paid for article and also the concentrations of HE are very low compared to the hoped for/expected results for HE1.

I know where I’d prefer my money to be.