The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Yep Rog I agree as usual with everything you say, only I also believe manipulation is / was happening , what has happened with the sp here since the first drilling campaign closed is not usual in my opinion, and I don’t think only driven by the PI / sentiment expressed , the massive volumes in trade recently and the relatively non volatile price , looking at everything, it doesn’t appear correct.
Also what Skit says about the tie up with TZ Gov, why hasn’t that been heralded, if my company had just signed a deal like that, every man and their dog would know about it. Anyway what will be etc, Fingers crossed for Lorna, that she gets something positive for her CV, let’s see.
Rog, we had exactly this conversation only a few weeks ago, some said “raise is a commin” others including me said “Nah, don’t be daft, why raise at these levels when come Tai3 success the can raise at 20p+”. What happened ??? Sorry, I don’t like this situation as much as anyone else of sound mind, but as those others say now “there is no possibility they will chance the next drill going wrong and not having already raised”. In terms of their number 1 priority which is continuation of the business, they will fund, soon. Apart from anything else , why move the AGM, I don’t think they’re doing that to tell us anything positive. Honestly, I am probably among the top 5 losers still here on this share, I only blame myself, but it ain’t looking good, it’s going to need some miracle , and I’m not a massive believer in them.
Jammysparrow, wow, just wow.
Hi Skit, I’m not sure they have any choice ? When the brown stuff hits the fan, and the clock of doom is ticking, it concentrates the mind, been there. The downward spiral of the share price for a company that needs to raise is akin to having relatives overlooking someone on life support looking for signs of a flicker. They need to pull a large well fed rabbit out of somewhere, or this is on their CV’s forever, and having had one write off already a certain board member would be game over if this goes t!ts up.
Maybe todays drop is something leaking from Noble ? Just a thought. If their lab results don’t come back as commercial, can’t be many nails left.
Skippy, there is a reason why the agm has come forward, it’s not going to be the Christmas present anyone wants.
Actually should call it Tombola, would be more appropriate.
Yes Mithrel, however if that all comes to pass, they have to communicate it in an A1 100% fully loaded and bolted on way, in the past communication has always been of the cup half empty variety which just suppresses the share price. Can’t reiterate how important at this exact time in HE1s journey, that this next communication is given in as positive manner as is possible. Expecting mews from noble first actually. GLA
Rupert, get sleep, more likely to be Tuesday after a high volume Monday.
Well my opinion is as stated before, although people don’t want to acknowledge it, in all likelyhood there will be a raise in the not too distant future, if the results due now don’t lift the share price, the impending dilution will put this at 3p anyway. I for one won’t be hanging around any longer for that, In my experience there are ‘lucky’ investments for PI’s and not so ‘lucky’, and leopards don’t usually change their spots, it will be a shame because I do think Lorna has made a difference, but I may just label this as unlucky and move on.
This analogy could possibly explain the closeness with Noble ? If He1 do intend to pass Tai on in some form, a tie up with Noble who already have off takers lined up I believe, would make sense.
Not sure how far down this supposed road they could continue without making some statement to share holders. It is intrinsically changing what many people invested in years ago.
Brilliant read / thoughts for a cold wet weekend Skittish, many thanks for the work, you should make a revenue stream blog - SkitSpiracies ;-)
Let’s see if we can unearth who Ruckwa Helium is, be interesting, someone probably an individual taking a speculative punt on the area been wanted sooner or later.
Massively brought over sold today and still plummets towards close, so odd.
RJ, yep valid points, all entitled to our opinions, I am a Lorna fan don’t get me wrong, I just think she may be being ‘corrupted’ by her market ‘advisors’ whose advice (given her limited experience as a CEO) she probably feels bound to accept.
Let’s see. Lets see if it’s positive news if she makes the most of it, or just doesn’t bother, any dilution at 6p or less - and it was ruled out previously before they then did it - would be the start of the end for the project as it currently stands I think.
More professionally yes, straight bat ? Nope. The now famous no rig Friday / best rig in the world ever Monday . Straight bats and AIM companies probably shouldn’t be mentioned in the same sentence. I did get the initial impression that Lorna was going to try and be straight, I think now that events and “advice” have cast her otherwise.
@Chesh, as we are apparently been precise in the reporting this morning, it doesn’t say fully funded for x2 , it says Current Tai is fully funded, next drill is funded, doesn’t - and probably for a good reason - say next drill is fully funded .
Yup, let’s see, the next RNS wording is going to be massive in every way.
@Skittish, my view is that we know there are a big % of PI owners of He1, as has been alluded to, I do think they , the LTH do need to be thrown a carrot, the ambiguity, the managing of the SP, it can’t carry on and maintain the loyal PI base they have, as I think Wyn said, life is too short. So a carrot is needed, either in a re-rate or some positive unambiguous news about the medium long term plan, not just ‘ Tai completed, good results and valuable data gained, well plugged for possible future appraisal, moving on to the next target now”. , if the announcement comes anywhere near that, given that the next rise will dilute the share massively without a re-rate, I reckon vast numbers of the LTH will call it a day and dump the stock before the next dilution, as it will be just too obvious what is happening, we are just been used - paying to prove up or other the area.
So here’s hoping they have the sense to share any good news positively and get some value back into the share price for the owners.
The other nudge you keep winking - are our licenses not specifically for Helium ? Doubtless there is other stuff down there, I understood we could only potentially profit from helium withdrawals, not others. ? . Thanks as always for your insightful posts.
Cheers for that Joe, understood.
As you said earlier, let’s hope they’re sensible enough to realise they need to not be ambiguous with the expected RNS when it does come, early next week is my guess, hope she has a drink 🍷 at the weekend and blows the bloody doors off.
Hi Joe, so the casing, would that have to be installed by the rig, or could it be done manually somehow with the big crane that’s there ? Guess I am asking of the rig would have to be functioning correctly to do the casing. Cheers.