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Invested at list and added few times thereafter and will hold to drill and sell part before results. For me HEX stands out and in my mind could still double from here when you consider the market cap and the interest in helium plays, add to that being fully funded with an imminent Q3 drill in a highly prospective area in the US and great management attracting US and UK investors. Plenty news due before drill, including scoping study coming out in Q2, they even mentioned in an interview looking into another asset. There will be the inevitable churn on the way up, but the shares are already on the radar screen of many private investors and the volume looks good. They probably priced it too low seeing the interest at IPO by institutional investors and shares issued, but maybe the fact that other IPOs struggle to list was also a reason and benefit for us investors coming in cheaply. Many remember what HE1 did performance wise with a less appealing location and HEX can replicate that, which as we know institutions and PIs like. DYOR

Agreed, I read the RNS exactly like you do

ID agree ie probs feedback next week from sidetrack execution. Re Spreadex they bought shares for their clients ie these clients were long the position and in my mind most of the ones who wanted to close the operation have by now.

I'm of the same view Mike ie Spreadex out by now and can see this turning now upwards with excitement growing. Agree that they have limited cash and that is clearly the risk, but if they can get a decent flow the shares will re-rate from a sub £10mio mcap valuation. DYOR

Webpage works https://www.beaconenergyplc.com/

Mukka, my take is that Spreadex came out on 6.3 saying that on 5.3 they had a position of 4.92% or a bit more than 1bio shares. Admission date of the shares in the last raise was 5.3 and raise done at 0.05p. They basically invested a bit more than £500,000. The large sale trades started not long thereafter from 0.0528p until recently, so they as institutional investors got a return of say 10% on average in just a couple of months. These large players don't need to, and probably are not allowed to, take therefore any unnecessary risk. As usual it's the non institutional players who take on higher risks in these investments hoping for higher longer term returns.

As I say only time will tell, but I just added some. DYOR

Time will tell Whitenight. As mentioned before out of curiosity which platform or broker have you used to short the stock as I doubt a small cap like this can be shorted?

Almost 70mio of shares sold in the last hour or so, let's see if this indicates that Spreadex is out soon.

Out of curiosity which platform or broker did you use to short BCE ? As I would have thought it were pretty difficult to short such a small cap company

Agree with skid and DD. Good news but the progress is slower than expected. Angus and Kerry are great at what they do and at presenting and ACRM is a sound business and company, but the conversion into business of the famous large pipeline is less than they and I hoped for. I worked before in an environment where we had such beautiful pipelines and they look great, but what really counts is how many deals in progress get converted. So in my mind good progress but it has and will take longer to grow the business than what they predicted, which is actually happening in many other companies. Just my view DYOR

This week.

The last RNS of 29th April stated:

- 'Sidetrack operations are expected to commence on or around 8 May 2024'. Correct as confirmed by the tweet on 8 May

- 'sidetrack operation itself is expected to take approximately 14 days' ie indicatively 22 May

- 'Once the rig has been demobilised from the Erfelden site, production is expected to re-commence during the last week of May 2024'

- 'A further update will be provided following completion of sidetrack operation', possibly around 22 May? and 'once a stabilised and sustained flowrate has been achieved'?, possibly last week of May or early June?

My guess, is that from this week, unless bad news land re drilling or Spreadex has still a large position to unwind, we will move to 0.07p (top of the gap down) and possibly 0.1p on some excitement before we get flow results, which clearly will determine the larger subsequent price move depending on bopd

Time will tell DYOR

WhiteNight are you actually still short on the stock as you mentioned a while ago?

What we do know is that the rig is up and sidetrack started. From the rig picture MND seems to be the contractor https://www.mnd-drilling.eu/wp-content/uploads/2015/09/02_Drilling-Department-2.pdf

ID78 Not sure where you got you trade recap from, but for example on Tue 7th there was a 100mio trade, on Friday 3rd some 20mio trades. Nobody knows how many shares Spreadex have left, but they probably sold the majority, maybe they keep some, reality is we are guessing.

Last operational RNS is pretty clear on timeline, and excitement hopefully, in May:

'Sidetrack operations are expected to commence on or around 8 May 2024. The sidetrack operation itself is expected to take approximately 14 days. Once the rig has been demobilised from the Erfelden site, production is expected to re-commence during the last week of May 2024.

A further update will be provided following completion of sidetrack operation and once a stabilised and sustained flowrate has been achieved.'

Morning Ezhik, bought most of mine at 0.05 but happy to top up. Statistically the side track post the experience gathered from the first drill should deliver a positive result, nobody knows how it will flow and it's always safer from our experience to exit or reduce before results if you are not prepared to take a big downside risk. I hear all sorts of comments with some brokers talking even 0.2p, reality is that the market cap is low and the oil there, but there are risks. Investors are coming in and the volume is on the up so upward pressure is on at least during the drill 2-3 weeks before results and Spreadex probs out which will make a massive difference as they sold 1.2bio shares DYOR

Just added 5,000,000 shares at 0.0625 (shows as a sell). Don't be fooled Level 2 shows 17,000,000 shares on the buy at 0.06 and only 3,000,000 on the sale at 0.065 and after that it moves to 0.07. I think this will move higher and it's good at least as a short term trade if you don't want the drill result risk or upside in 2-3 weeks, but if Spreadex are out with their client shares, which is more likely by the day, this will move higher to 0.1 in my view. Time will tell DYOR

For a long time this morning the shares where at 0.065-0.07p with large sizes bid. I think that the 100,000,000 order booked at 0.067 is actually a large sell order worked into that volume this morning and booked once completed. As a guess another chunk of Spreadex shares cleared. If that is the case they might be out this week if they sell the entire 1.2bio shares which they bought for their clients during the last raise. Again if correct this will go up further for another couple of weeks and before results. Time will tell as all guesses DYOR

Agreed and also Zack 5 mins in has spotted the interesting chart set up and upside potential https://x.com/share_talk/status/1787807104574882079?s=46