I believe they made the terms 'hot stacked' up. Basically they mean it's ready to drill when they need it or someone else pays for it.
Castlepaul. October is in Q4? No?
Q3 is July through September inclusive.
Bill. With the greatest respect I call out a number of strategies and don't refer to 'all' AIM investors in my post. Clearly a lot of the posting on this site is quite stupid regardless of what strategy they have and not grown up. If a strategy is - I want news now and It's not fair - then I think I'm spot on.
OMG. I despair at the stupidity. They have told us the next significant action will be Q3. The SP is down because AIM investors don't like waiting. Grown up AIM investors should assume funds will be raised and manage risk accordingly.
It's a massive helium find. Either wait it out, take some or all of your money out, average down, go elsewhere - your choice. But don't expect the company to tell lies to keep the SP up.
We will get news about the size of the find and plans for Q3 soon. But likely not immediately. It's really not long since the last news and to be frank punters need to be more realistic about how long stuff takes to happen in the real world.
It just looks to me like what we were starting to see last week. Less volume and less volatility. There were occasions last week when the spread tightened up for a while.
I think you can put this down to the start of the Easter holidays.... I would be thrilled to see get a placing for the EWT out the way if that's was needs to happen mind. If there is forward selling then it aint much compared to previous rounds.
Roger. What do you see that was odd today?
Fastest filter decision I ever had to make.
I'm absolutely certain that YOU have been manipulated.
Another born today nutter.
Pukka. Whataboutery is a poor form of argument.
I invest at my risk like an adult. I can afford to lose it all. I wouldn't have it any other way.
Unless you can actually provide some evidence that the SP is being manipulated you are just like all of the other conspiracy theorists out there..... and if you believe it then you simply cannot be trusted to make informed decisions. Good luck though.
Pukka. I'm sure you have L2 and a deep understanding of how the market works and all that. It's just that what you write says you don't. So you are either or just looking for a lower entry point or you are mis informed.
If I had a penny for every time someone preached about having L2.... well I wouldn't need to invest.
If the SP goes to 1.15 I couldn't care less. The value comes later and I will be able to buy more between now and EWT if that's what I decide to do.
It isnt being manipulated. Once you realise that then the whole smog of uncertainty lifts away. The SP is like this because the market likes it like this - for now. It's strong at these levels and will move when there is a reason for it to move. EWT being Q3 is why we are not at higher levels. Market doesnt like waiting. But for some of us it's an opportunity to either invest elsewhere for a while, accumulate more shares or both.
Doesnt mean we won't get more news before the EWT but from a wider market perspective the market expects that to be the big event.
Every helium off taker will have focussed very keenly on the 4.7% green helium find. That is huge news in the industry. This type of news drives keen decision making.
Always look at the market cap. It seems to me that the market likes £50m market cap for now. Ask yourself what this could be for a massive resource estimate, start of EWT, end of EWT, heads of terms signed for a JV etc. IMO a combination of those things could move the market cap to £200m or SP in the 5s without dilution.
What might fund raise look like. About 20% of the current mid cap. Do the maths based on what you think the risk is.
By the way, those saying there cannot be a JV before the EWT results are right but you can announce an informal arrangement before then. We don't know if there is competition between off takers for this but it isnt impossible for an off taker to want to get ahead and sign something ahead of EWT. I would be surprised but not writing it off either.
Filtered slackjaw. Absolutely zero value to the message board.
Buys v sells is not how the sp is driven. Whilst volume is important, liquidity in the moment is far more important. Punters do not want to pay more for the shares - buyers are not the driver you are looking for. Watch the bid. It's when sellers dry up that volume of buyers really starts to matter because the mms are forced to increase the bid to gather shares that they can sell.
False narrative. LB did not do an interview to reassure investors. LB always does an interview after an RNS. Members of the board are always moaning. The interview was to explain. Anyone with a brain knows it takes time to prove up and make an asset commercial.
"with more buying SP hardly moved in last few days, that tells you market is aware of something"
No it doesnt.
"This will drop to under penny, why market won’t let this go up?? Reason is market know more then us..."
Nothing between the quote mark has any meaning whatsoever. If the market knows more than we do, how do you know that what the market knows will make the SP drop.