Member Info for Sir_Hector

Strange although HL can be a bit slow sometimes. I know they use the same basic system for trading but they may have some additional security protocols that add a buggeration factor. It would seem that the last 100k sell precipitated a rash of buys and a nudging up of the price. Perhaps it will move up to the next level and not fall back. Doubt anyone will get to buy under 6p from now on.

Predicting the future is notoriously tricky. However, we do understand the potential in GEX and the route to achieving that potential. At present, a significant number of enabling hurdles have been negotiated and if this progression continues, and the expert analysis of the seismic data proves correct, at some point that potential will be realised. Now at that point the value of the resource will have to reflect in the share price. Whether this happens in a single re-rate or progressively as the point of realisation approaches I can’t say and I doubt anyone can. That won’t stop people speculating, nor will it stop debate over the speculation.

The sells do seem to have petered out since mid morning and the ask has ticked up, possibly a signal our seller has reached the bottom of his barrel

The weird thing for me about GEX is that there has been limited recognition at each milestone and the value of the company has remained at best static. I fully expected to see a step change in MC when the drilling licence was granted, this being a major step. But no. Largely I suspect, because the doom merchants had got stuck in and were finding any excuse to say nothing more would be achieved. Yet despite further progress with funding and blue chip backing for mobilisation the sp is still static. Granted the dilution has been weathered without the sp dropping back, but we are now within weeks of spud and very little by way of hurdles to negotiate. No matter, I think if you’re in here you have to stick and hold for Hussar drill because a positive outcome has got to see the dam burst.

You’re not alone sir! My portfolio is looking a bit unbalanced too, GEX is like a cuckoo in my nest! I started with a dabble. Then, bought on the rise a couple of times in fear of missing out. I bought again post suspension to bring my average down and again when the licence landed. The current price is about my average and so when the churn started I bought a few more on the basis that so many milestones have been achieved since I started I can’t start having doubts now. Anyway, I’m now totally spent out and sitting tight on a couple of million GEX. If I’m honest I’m desperate for a re-rate so I can top-slice and backfill my portfolio although I’ll probably only need to sell around 10% to do that.

Well while the sp is disappointing, the shares are trading at volume again. 8m yesterday so if we are still clearing warrants that will help. It also means when it does rise it will rise swiftly. What we really need are a handful of new LTH with deep pockets to hoover up all the stock at this rock bottom price.

Looks like trading is busier than over the last few days, suggesting demand is there so we should see some movement!

The update is largely as I’d have hoped. It takes a little while to mobilise the resource/contractor/plant scheduled in and on site. The preliminaries are underway, the follow-up enabling for the rig is on track so they’ve been able to commit to the rig knowing they’ll be ready for it when it arrives. I confess I too was wondering if we were going to hear of a delay, but no, good news. Keep the faith!

Volume of trades yesterday was the lowest for a month which suggests all the new issues have been churned. Settle in for a quiet period now.

Given the supposed level of activity with progress at Mt Winter, the completion of enabling works at Hussar and the relocation of the ensign rig we are possibly a little overdue some news of the progress rather than the more recent updates on the financial side. Assuming that the bulk of new shares and warrants have now been churned (this seems to be the consensus) I’d expect this is primed to go the minute we get some positive news reported. This could be any time and clearly there are a number on this board desperate for movement, patience is indeed the watchword!

As I noted the other day, I think this has done well to sustain 6p with the volume of new shares and not get dragged down towards 3p at times. The MC has grown which can only reflect a positive market attitude to the stock. It will be interesting to see what happens as the churn drops off. I assumed that it likely had given the reduction in volume we’ve seen this week, but today looks like a further boom day of trading.

I get the feeling that some good news could trigger a bit of a re-rate now.

Those keen on rockets might consider the Space X IPO although it appears to be oversubscribed. Had to know which way that will go!😁

With nothing for the trolls to work with I can’t see this being dragged back sub 5p again and as you say Nomad, demand will drive a small up-trend until news breaks. The greater proportion of any free float is likely in the hands of investors or individuals that realise there is a much bigger prize than the odd 10% when we get to spud.

Yeah, I think trades were down on yesterday but there were a couple of biggies in there. Maintaining interest is important while we wait for news!

Just looking at last week’s trades and after the one big surge day volumes settled to around 10m trades each day. A significant increase over the past typical volumes. Yesterday was another 10m day and volume so far today seems to be on track for the same. Clearly interest in the share is increasing even though the additional shares issued have now been absorbed. Similarly, the sp seems to have lifted from the 3p level to 6p and consolidated with only a small drift down. This all looks a lot healthier than a few weeks back and thankfully the majority of de-rampers have finally cottoned on that they’re not going to be able to talk the price down with any significant effect.

Thanks for that Miker. It does explain the low figure nicely and clearly multiplying out the factors inevitably results in a low total. It might be better to give each factor a weighted proportion of the 100%, 25% each if they are all equally weighted. Rate each as a proportion according to the level of confidence, and then add the four numbers to give an overall score from 100. Doing it that way would likely give a higher number and one that we might possibly consider a more realistic reflection of the likelihood of success. 8% or 2 in 25 isn’t very attractive odds. I’d suggest ‘evens’ is more likely!

Indeed, another 5% in the right direction. It does look like most are small investors building a position of maybe a few 100k shares. One or two larger trades but we really need some bigger players to start hoovering the free float up to really start a change. The sort of news that might just do that can’t be too far away now. But, for now a few more 5% days will be very reassuring.

That was from 5+ years ago and there doesn’t seem to have been much enthusiasm to exploit what seems an obvious opportunity. Possibly a consequence of the costs associated and, until recently, rewards. Suddenly He and H are commodities in demand let along LNG

Wow, didn’t it just!

Well I’d caution reining in the enthusiasm. It’s good news that really triggers demand although I concede that at present, with so few shares available, there could be a bit of a FOMO surge amongst the lurkers who perhaps have been hanging on for a good time to get in. Could be time is running out for them!