Member Info for SeagullsFan

Thanks @seisprocessor.

My question was more that I can't see any real risks, as the things which could go wrong might be delays and not failures.

So, if a drill breaks and it delays by a month - annoying but not 'that' important.
However, drilling and finding no HE traps - serious.

That is where I am coming from, and the replies seem to confirm that, the chances of success here are actually quite high.

I must admit, I never thought that likely. However, with the steady uptick so far today, you may be right.

I think that once we leave the teens now, we won't drop back again. Could be last chance to top-up sub 20p IMO.

Sorry, didn't seem to get posted first time.....

16.4p now - toys can be put back in pram ;)

16.4p now - toys can be put back in pram now ;)

Looks like people have seen past the headlines and see the positives in this.

This will be background noise in a few days time.

Thanks Mr Spacetomato.

I would say that the geo-political risks are lower as the current president is on-board, and the work being done to integrate the company into the local communities will buy them a lot of goodwill. If they are seen to play fair, you would hope that this will encourage support in the future even then the politics change. I realise that in developing countries things change, but for our current short-term horizon, that is not an issue.

Thanks @copout.
@highlandmatt. - apart from item 1, everything else i would say is covered.
I think you’re taking the pee a bit there @dai2belts ;)

I know there are several posters who either understand mining/geology or have done a huge amount of research on HE1, the licensed area and the potential.

We're all aware of the upside (figures get thrown around from min of £1 to £10 - eventually). I get that the upside is unknown until there are successful wells which prove there are reserves of helium which can be commercially extracted.

However, I am wondering what the real risks are.

So, what do we know?
We know there's helium in high concentrations (maybe up to 10%).
We know they are in the goldilocks zone in relation to being near a volcano etc.
We know they are confident and so must the drilling company as they are taking part payment in equity.
We know the government is supportive and the HE1/DM are experienced in Africa and are ensuring the local community are engaged.
We know they are a dynamic team and have managed to get everything done on time or earlier. No f@ck-ups.

So, genuinely, what could screw this up? What could occur which could make this not a viable enterprise? It's not as if they have one shot at getting helium anyway. It's not sh@t or bust is it!

I am naturally an optimist, so I am trying to curtail that enthusiasm and consider where the pitfalls are.

Any thoughts Mr Spacetomato, deepbluediver, dai2belts, trek or anyone else?

Let's hope your 'other funds' are available before then Mr ST.

Hope you're right.

But, the important time (except for the short-term buyers) will be once the results start coming through. Any SP movement before that point is meaningless, as it will either be wiped out or dwarfed by the change after the drills/results are complete.

Well, I needed to do something with my loose change ;)

I agree Bardobeat.

Looks like it hasn't help sentiment as all trades that I can see so far today have been sales.

I think patience is required here.

Done - well and truly ;)

@steve58.
The last trade shown is 19p, but that looks odd as it’s such a big jump from the previous trades.

@ballard460
20p or 24p? Big difference? I could see 20 being tested soon, but 24. Maybe next week might be a possibility, but what do I know? :)

Very informative - thanks dai2belts.

Seems you’re right Prae.

I don’t suppose you know anyone who’d be prepared to buy my worthless HE1 shares for say 10p each? Got to shift ‘em before the crap hits the fan and this becomes general knowledge.

18.3p on FT - google for “ft.com helium one”

Well, it closed above 18p. Let’s hope the prediction part comes true :)

Large sale just gone through for 2,289,000 shares. That’s going to help - not.