Member Info for ShipwreckSheep

Lol so every explorer that doesn't have a commercial find, can't get a placing done? Such nonsense. The discount last time was due to the nature of it all, the rig had broken, it wasn't clear if it was fixed and if another drill can even go ahead. All of this is resolved, the rig has performed this drill without problems, so even if the results aren't as stellar as expected, placing wouldn't require a big discount, the targets are there, the rig is working, there's interest in the company, all is fine. Whereas, if the results are good, you surely are aware that it's unlikely this would stop at the previous record market cap of 180m£, but would likely rise to far beyond that. Such a sinister doomsday poster.

And if it's yes, you have potentially still a 10 bagger, that part you missed, TheRiflemans.

We're still only at 46m market cap, with the 2022 and 2023 range 40m-90m until the rig troubles. During that 2022/2023 range, there was no commercial helium. So no need to pretend that 46m market cap prices in extraordinary results, all it prices in is some rebuilt trust in the management, a discovery RNS would make this pop like no tomorrow.

Let's see, all that's needed is 1.49 close to make it the highest close since the RNS last week, would be nice after yesterday.

Momentum over? Seriously? Yeah, there's been a brief big drop, after a brief short period this morning when it increased too fast, but out of 170 UK-listed mining shares in my monitoring list, even at 1.55, HE1 is in the top 10 daily performers of them today, after 3 days of being Top 1. Momentum very much alive, I'd say.

Another small top up

I want one last one, to get it to a round number of shares haha...so can it please not yet rocket back?

What "free fall"? If after 3 days of 100% daily rise on average, THIS is all the correction there is when it takes a short breather, I'm over the moon. Cause then the momentum up is even stronger than I thought.

Managed to pick up some more below yesterday's close, what's not to love. Thanks MMs for that big shake, it washed out some money that was always gonna bail anyway and playing it cheaply into pockets that want to see the much bigger move on good results.

The signs are hugely encouraging. Everybody knew that at 2p, there'll be another group of people who will take profit or top slice, given the psychological level, even if they expect it to go higher still. So staying above it that convincingly after a first drop below...well, anything can happen, but the momentum would suggest this going higher next still

If you keep saying it, one day it'll be right...then you can say "I told you so" despite missing out on probably 1000% rise by that time from the lows.

Just like the ones who said it on Thursday close, Friday close, Monday close, who have missed out on this rerate to what is still only the very lower end of the 2022-2023 market cap range, hardly madness.

There's always a risk, fact is however that almost the entirety of 2022 and 2023 the market cap was between 40m£ and 90m£ for HE1. The current market cap is right at the lower end of that range still. These market cap values were when there were no commercial results, and at lower price of the commodity itself, helium. So pretending like the current market cap is pricing in massive results is just not really the case - it's pricing in the rebuild of trust in the management of the company, and hence it returned to the market cap range of the last 2 years, but still only the lower end of it, and on good results (which do look more likely than they had before, given the initial info after the drill from the RNS and CEO interview), this would pop. So yes, it isn't without risk, few things are, but the risk/reward setup still looks amazing.

"correction is needed" would be true if the market cap was crazy high, but the market cap for pretty much all of 2022 and 2023 until the rig troubles was between 40-90m£. It's 46m£ right now. So from a market cap perspective, this has a lot of room in that common market cap range of the past 2 years, before news hit. When the news hit, that historic range doesn't matter, the news will re-define which direction it'll go and how much.

Your agenda is pretty obvious, don't you think? Given that you only treat the scenario "What if not?" in your original post and the others, but not the scenario "What if?"

And if your grandma had wheels, she'd be a bike. What's your point? It isn't oil.

Nice one, #GottaBelieve, worked for Tom Brady and Julian Edelman too after all

I'd say if it can't go beyond 1.45 today, that's almost okay after a 125%+ daily rise haha

Doesn't sound right, market cap when it was 27p was 166m£, so that's almost 5p in today's money

Well, averaging up in a rising share is usually a quicker profit for you than averaging down in a falling or stagnating share. Can't jump a gift shark in the mouth. Just don't put more than you can handle, it's not risk-free, just a decent risk/reward setup.

Petro, we've been through that 50 times on the board over the past week, last drill, the diluted drilling muds showed 6x background, and the undiluted downhole sample showed over 8000 ppm, so 0.8%+, which surpasses your commercial threshold

this time, the diluted drilling muds showed 20x background, so yeah...you can make your own guess for what concentration the downhole sample will be, but likely at least 0.8% too?

Cheers, good to know, that's a lot cheaper than Level 2 on Bloomberg

Out of interest, where are you able to follow this, Chesh?