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I don't think they need to RNS admission of the placement shares. This was a done placing rather than a proposal - so I don't think there is anything more to do from a regulatory perspective. Guess I'll find out if that's correct tomorrow.
There are clearly more idiotic posts than useful posts on this site today and yet the share price still won't go down to 1.5p
Those pesky mm's are manipulating the stupid. Typical AIM man.
They have already done the placing.
Why would news get lost in the noise? What noise?
Looks like I'm not getting any 1.5p shares then!! Got funds ready and everything. Which one of you am I suing?
Well if it get's to 1.5p I will buy few more. Can't see it myself but always good to take advantage of an oversold position. I don't pretend to have a crystal ball. The opportunity remains immense.
It's you Professor. When you smell something bad, always check your feet before blaming someone else.
There isnt a rule that says that placement share have to be forward sold. It's the exception not the rule. The idea that one entity does one thing and doesnt consider any other nuance is for the birds frankly. There could be any combination of forward sold and held shares from the placing. Hell maybe an investor wants to hold the placement shares and sell them at 5p? There is nothing to say nobody is doing that. Shares can be sold between institutions off market too. It's not worth trying to apply a model to it and pretending to know with any certainty what is happening. It is all of many things.
All this waiting and then speculating. It keeps it interesting to an extent but some of you don't understand the basics. Every time I see something along the lines of 'the mm's are doing x or y....' makes me want to cringe. It's idiotic and proves that so many here don't understand the basics of how the markets work.
If you stand back and look at it it seems pretty obvious to me that the SP is doing what you might expect after a stellar rise and now waiting for news. It isnt rocket science. The market is just being a market. It's going to be volatile until HE1 set out the next steps and then a few weeks after that it will be volatile again.
How on earth can anyone know who is buying the shares? You/me/many PI's/other investors? There is plenty of demand and mm's will know they can sell them on and are pricing the shares lower to make sure they do.
Also you can't know that virtually all of the placement shares were forward sold. They don't tag the placement shares. There could easily be a placee with 50m to 100m placement shares selling them today.
Onsolidground. Perhaps because they didnt have the mechanism in place to forward sell? It isnt straight forwarded with some regulatory considerations.... or perhaps they just didnt have a crystal ball on what the share price would do.
Many placement shares will have been forward sold/churned etc. But not all.
It's clear a number of placement shares are being sold today. Not every placee is the same.
Makes no odds to me. I haven't invested for what is happening today. Bit annoyed I don't have funds to buy more.
Yes you are right. It's not just about having a hole with helium coming out but remember until we had that we just had maps and a broken drill and even before that - no drill. So this is a big de risk on the delivery plan.
Have to say - I can do waiting - I can also do unexpected great news. All good.
Won't be long.
Mrnewbie. Having a hole in the ground with some helium coming out is one of the most valuable assets you could possibly have right now. It's kinda the point. If it flows and it keeps flowing at 4.7% then it's a bonanza of global significance.
...and that is why our milkshake will bring the boys to the yard.... damnn right, it's better than Nobles.
I think if I remember rightly that Noble could not get a sample of the 15m column of free gas. Someone will correct me if I got that bit wrong. They provided liquid or exsolved samples to the lab but not the free gas.
I believe we have provided samples of free gas that flowed to the surface.
Baron. Did you offer to pick up those canisters in your dual winged beast and hide them in a crate of Bratwurst to fly them to Oxford?
Also - picks of you flying over the sea would help us keep Skittish interested.
Ergo they must have realised they have flow of helium (and Hydrogen) that is sufficient on it own to move the commercial dial and those negotiations. IMO
I think whatever happens next will be being discussed around a desk not something that will be visible in the field.
They must want a JV or similar otherwise the most recent funding isnt enough to significantly develop anything in the ground.
The strange thing was.... more or less all of those shares bought over 3p on spikes were bought over a small number of trades just after the bell. This happened for several days, no? Why did they do that? They were multi million share trades. Why do that rather than buying them cheaper later in the day. Didnt look like small investor action to me. Thought it was odd at the time.