Member Info for Sir_Hector

Absolutely FlopStar, I’m with you there. It’s not just Hussar, for GEX to be a major player they need so much more downstream and this is probably a sensible route to securing that. However, as you say, for the time being Hussar is the focus and getting the shareholders behind the BoD by a demonstration of progress is the way to go.

GEX is greedy to hoover up the rights to as much as possible before the markets cotton on to what they’re doing. The strategy to be a global player only gets fulfilled if you have a big enough portfolio of sites. They want to stretch to as many of the high potential locations they’ve identified as possible. Equally, if the first play (Hussar) falls short it can’t be allowed to all stop there. This is why the restructuring is required, to provide a back up in this event. This is a high stakes game so don’t invest if you can’t cope with a strategy that doubles down rather than quitting.

Agreed, it does make more sense when viewed as a contingency position in the event that Hussar doesn’t play out as expected. Without the restructure, the whole load would come to nothing without Hussar, this does at least allow for continuity of development. While it might look to some like panic, it’s actually a wise backstop to have in place. Assuming the shareholders vote for it of course!

Hard to know whether this is good news or not. We were hoping for positive news on progress, not a capital restructuring. However, it may prove to be the right course of action to progress the other opportunities earlier than anticipated.

Nothing so far but, what really justifies further comms? We already know the timeline through to drill in each quarter this year, do we need an update at every juncture? Maybe if something unexpected happens, or equally if something expected doesn’t happen, but do we really need an update every time a single piece of the puzzle falls into place? We should have a general update at the end of the quarter I’d hope so happy to wait for that.

Https://www.share-talk.com/the-strait-of-hormuz-helium-supply-and-the-quiet-strategic-shift-investors-are-starting-to-notice/

Oh great questions Dude, how do you think them up? It must be easy when you’re so one-eyed. Here’s a thought, why did the late Queen have a flutter on the nags? I mean it’s not like she didn’t have a bob or two to her name? I imagine that you would conclude from that that she must have been some kind of imposter, I mean the real Queen wouldn’t do that! That’s the sort of twaddle I hear when I read your posts!

I think it’s unreasonable to say they’ve squandered millions as I suspect most of the money has been quite wisely spent. Being a LSE listed business isn’t cheap. You have administrative duties that require professionals to undertake, accountants, auditors and lawyers etc. Additionally they have funded and pay to maintain the website and provide comms and media advice. Then operationally through Westmarket in Aus, they have had to conduct any number of surveys and reports from the appropriate experts (they aren’t cheap and nor is the kit). Comply with licencing conditions to achieve granting of the permit. This has required considerable effort with the ALRA people and the creation of an environmental plan. Again, expensive consultants and an inaccessible location. Easy to see how that has cost a good deal. Anyone who has ever bought or sold a house will know that fees and costs rack up very quickly even when the process is straightforward. Any complications and it all gets messy and there’s only money to throw at it!

I’m sure some money has been expended on executive travel, business class flights and hotels but what do you expect? They’re legitimate business expenses and I certainly wouldn’t choose to fly cattle-class long-haul and stop at the local flop-shop or YMCA. Anyone who doesn’t think it costs money to run a credible business really shouldn’t be allowed near the stock market because you’re clearly dillusional.

Georgina is a budget operation running on a shoe-string, wisely finding financing solutions that do not devalue the proposition for the shareholders. It’s not a Ponsi scheme, if it were it would have sucked in a lot more cash and mug investors by now as it is their nature to grow exponentially, GEX most definitely hasn’t done that.

Nothing in that looks even remotely related to GEX. Looks like it’s been mis-assigned on LSE. ADVFN not showing an RNS and nothing on the Georgina alerts either. The next GEX RNS should hopefully be a lot more exciting news wise!

Up 13% at opening without any trades. Given no news on progress this must surely be on the war impact on Helium supply.

An interesting reflection on what has clearly been an exercise in perseverance from AH. The man has done the right thing by not making assumptions and progressing the land rights agreement at a pace that ensures success all be it has taken time. The important thing is that it has moved forward. The ambition is not to get rich quick from a ‘wildcat strike’ but to become a major player in the He market. GEX have done the painstaking analysis and leg work to identify the most suitable sites for further development and to obtain licences and permissions. To me, it seems that the limited funds raised have been spent wisely on expert advice and sound planning. I know there are many who believe it’s all been frittered on first class travel and junkets but to have achieved what has been managed so far on so little is remarkable. Having cleared all the legal hurdles at Hussar they are now keen to progress as rapidly as they can and silence the many critics. Success will create a revenue stream and fund further development, and so it goes on. Sat what you like but for me the accumulation of evidence of progress thus far is far more convincing than the lifestyle theories being touted on here. We’ll know in a few months either way, I’m happy to sit tight.

That sounds about a bulk liquid tanker a week. You’d think well within the anticipated output of Hussar.

This is the only stock in my portfolio that hasn’t tanked thanks to Donald. And this is the risky stock supposedly!

It’s all gone quiet in anticipation of some news. Either the rig confirmation or a progress report if there are boots either on the ground or due shortly. I doubt there will be much progress with Mt Winter to report yet, that might need a few more weeks.

Reg, if you will wind the man up, parroting Dudley numb-nuts, then you run the risk of being nipped by an otherwise friendly dog. Miker is a regular poster and not inclined to bite without provocation.

I’m trying to contain my excitement!

Or……let’s wait. This will go but I think the market is looking for proof before it re-rates. Hussar spud is just a few months away.

Thanks for the read and the insight Kplim, it makes a pleasant change to read something both informative and positive on this board and not simply repeated guff about the BOD being thieves, Harlequin a nonentity and the whole GEX being a busted flush in the making. Thank you.

You’re a lone, and rather pathetic voice in the wilderness this morning dude even with your slick Gallic twist.

It’s been mostly buys this morning (accepting that for every trade there is both a buy and a sell), clearly some smart topping-up in anticipation of further news pending……..