Member Info for Skippysb01

Cybertron. Respectfully, a week ago there was noise about the spud being end August. Every time any AIM company delivers what on the face of it sounds like great news but includes a delay (perceived or otherwise) the share price gets hammered.

I still think it's Ian Stalker selling a chunk but also it's folk pulling out for a few weeks because there is still plenty of time to get a good price ahead of spud. I think a lot of those punters will be back.

For me the PR has been good since we bought the drill.

For the BOD to find the right form of words so that there is no wriggle room for the de campers/shorters etc to spread worry about fund raising etc. well that's just not possible. Facts are we know whats happening if we pay attention to what the company writes and says.

Ian Stalker held more than 11m shares. So he can certainly sell a load and still be maintaining a very healthy interest. He would still be subject to insider trading rules so if he wanted to de risk now would be the right time otherwise there could be legitimate questions about his advantage.

I also think he is still subject to an RNS if it's him so maybe we see that later today or Monday.

Yes. Can take time to fill large orders as the mm's need to either sell on or pull in trades to meet the size. They will reduce or raise the bid/ask in real time to do that.

You can see how this mornings 800k trade at 9:39am (it's a sell folks - sorry) resulted in a drop in the ask as the mm's need to shift those shares. mm's do not want to get to the end of a trading day with shares in hand.

I think the most likely explanation is it's Ian Stalker selling a chunk of his shares. Despite how grumpy it has made us all it actually a relatively good time to do this well ahead of sud and after this weeks RNS and presentation.

Having an ex director holding 10m shares would be quite uncomfortable for the board. I note a 500k sale this morning and wonder if that might be more of the same.

Does anyone recall whether he mention what he was going to do with his shares when he resigned?

It was a sell. Not possible for size of buy to go through without the SP going up. It created a lot of liquidity and that forced the mm’s to reduce the ask to get rid. Everything about yesterdays drop pointed to bulk selling.

Mmmmm?

Oh thats a big late reported trade. Crikey!!

Is it a thing then that in Australia they have to suspend a share if they are about to raise funds? Surely there must be more to it than that? Suspension is always to prevent an irregular market. So something less than palatable must be going on (for Noble not HE1).

Having said that I have seen shares suspended and then unsuspended with absolutely no follow up on what happened.

Anyway I got some more cheap HE1 shares today!!

Is it NT to buy yet? :)

Is the Noble suspension for a raise? I haven seen anything that tells me it is?

You know what a pump and dump is. This is going to be a dump and pump.

If there was any link between the Noble suspension and HE1 then HE1 would have issued an RNS by now.

I appreciate it might be adding to the jitters today. Kind of ridiculous. I have always disliked the relationship between HE1 and Noble.

I got some more. Very surprised to see this below 8.5. BUT I say again. Spud is not for 4-6 weeks. Enough traders/shorter term investors saw the RNS and presentation as A DELAY for them so they have got out this week.

If you want to buy more ahead of spud then maybe this has provided an unexpected opportunity. Otherwise might be best to close your eyes for a few weeks.

I would certainly be interested in a rights issue after this drill. I can't see it happening before the drill because HE1 have publicly stated it isn't happening but also the NOMAD wouldn't allow that so close to and before a material event (the drill).

We are fully funded up to and including next drill results.

Yup. Think of the market cap after a successful drill. Think of how much funding they would need to continue to work on the project after that. Think of the funding required as a percentage of the market cap at that point. Realise how small it is in those circumstances,,,,,

Worrying about a fund raise after the next drill isn't worth your time. Having an unsuccessful drill isn't why you invested and you may as well get out now if you can't take the risk.

There may also be other things going on. We might be engaged with prospective takeover interests that are 'in the event of' level conversations. If this is the case I can't see that the BOD would want to get involved in buying shares - it's just too much of a minefield.

People think that an absence of director deals is a problem but in truth there may be very good and beneficial reasons why they can't. Some directors will buy shares because they know the market will see this as favourable confidence when in reality it's just to make things look good.

Buying ahead of drill results being communicated would not be a problem. At that point they are taking on exactly the same risk as the rest of us. They would not as an insider be allowed to sell shares before drill results on the basis that they might know something we don't. It's true that insiders ultimately are always inside dealing if they actively buy and sell shares - the regulations try to make the advantage less but ultimately you can't remove the element of insider knowledge entirely. They would I think have to ask the NOMAD.

I felt that when this question came up today they all looked a bit sheepish. Yes it would be great to see some director buys but it's not a given that someone's personal circumstances can accommodate buying shares even if they are a director.

It certainly is a strategy. I would suggest worse case the SP will be 12p for spud (I know some will suggest higher but that's my IMHO worse case considering wider market conditions and a lot of better the devil you know around this type of prospect - I hope we get over 16p for spud).

My only concern was the long lead time items - that and building the drill on site and getting it operable. Those are the risk factors that could push back further...... but nailed on they will get the drill spinning I think.

Great presentation. 4-8 weeks until spud is the reason the SP isn't moving.

All good. Seems to me the prospect is more de risked than it has ever been. Absolutely confident they will drill and find out what they have. SO all in all this is a great time to buy DYOR IMHO.