Member Info for Skippysb01

How did I suggest investors are daft? You did actually just put up thread with a title that suggests that anyone who thought that Zeus were selling yesterday can't add 2 and 2 together so I'm going to consider that as you being somewhat derogatory towards those investors.

The RNS does not clarify that Zeus would not sell. In fact it states clearly that Zeus will be paid a fee (incentive to sell) and that the initial tranche became tradeable on the 6th May and that the initial trache is not recallable (subsequent tranches can be withheld). They can sell at the bid - which can fall.

Whilst in hindsight all is well there is no way that REE handled this well. It was open to speculation. Not investors fault. It is a novel funding mechanism so investors have every right to consider what it means within the context of what is stated in the RNS. Many were uncertain.

Who do you think is responsible for providing clarity?

You guessed right. Well done you.

Well Captain Hindsight has a view I suppose. But the RNS stated clearly that Zeus could sell at the bid price and that the first tranche of 12m shares was available to trade yesterday.

REE can only blame themselves for the speculation. The only confirmation that Zeus did not sell yesterday came from the Stockbox interview today. They could have done the interview yesterday? They could have stated what guardrails are in place to prevent Zeus selling all the shares very quickly?

Investors are on a hair trigger when it comes to trust at the best of times so suggesting investors are daft because they want to protect capital is just plain odd.

Cedric stated that the selling yesterday was not Zeus. I can't imagine he would have said that if it wasn't true - as an insider. I now assume there are guard rails within the deal with Zeus which control when they can and should sell in the interests of REE.

I certainly thought Zeus had sold the lot yesterday but it isnt true.

Also the SP has lifted a little since the interview. Nobody knows where that goers from now onwards but there is plenty of scope for anyone wanting to get in at the this stage because funding is now in place for a material period of news...

Stockbox interview confirms no shares sold by Zeus. Well played Pacman.

Pacman. I agree that they have to and should be expected to need to raise the funds. It's more that they tried to do it differently and it hasn't really worked. A 20% placement would have worked just as well if not better, would be all done now, and still allow for all of the future positives to come through.

Perhaps we get a better explanation with the coming Stockbox interview.

I do think it will come back up. But it's not great waiting for this to happen another 3 times as per the arrangement with Zeus.....

The mechanics of liquidity drove the SP down yesterday. Granted this would have been followed by a bit of panic too.

It's just a very odd arrangement if it has no guard rails to prevent Zeus just selling the lot straight away.

Hopefully I'm wrong and other stuff like warrants were the trigger but it doesnt look like it to me. If Zeus sold the new shares we will get an RNS confirming that.

But it wasn't an overreaction at all. It was Zeus selling the entire first tranche in one day. You can't sell that many share in a couple of hours and not expect the SP to fall.

But the RNS of 16th April makes it clear they were still preparing the well and expecting to perforate w/c 20th April. Would suggest it could be 3 weeks of actual flow testing depending on how things look and whether stimulation is required.

So in the previous RNS when they wrote that testing has commenced they included the pre works as part of that.

I see two late reported trades at 4m shares each. Another 4m will be around somewhere. Tell me that isn’t Zeus selling the first tranche? It must be. They sold them as soon as they could without any attempt to protect the SP. All very odd and the exact same impact as a placing on the day.

Pacman. Thanks. You may be right. I agree Cedirc would not be happy. It depends on what guardrails they have in place.

Pacman. Understand what the RNS says but the RNS also says that the first tranche of 12m shares is with Zeus as of today and they are tradable today. To me the trading action today looks like one party selling a lot of shares without too much concern on the impact on the SP.

So do we really think that Zeus are not selling the facility shares today? It looks that way to me but I'm interested in learning otherwise. It is oversold though. Agree.

The thing for me is that there are another 3 tranches on this coming on top of the warrants....

I have done very well with REE over the last couple of months and think it could be a big good news story but over the next few months.... feels like too much headwind. I guess I will keep what I still have invested and see how we pan out.

5toamillion is right though, you have to assume dilution with these companies but I would rather they just did a placing as it's more certainty TBH.

So today's share issue to Zeus is just 2.62% of the total shares in the company. So the sell off is well overdone but ultimately it seems a little naive that Zeus hammering at selling 12,000,000 shares today wasn't going to to impact the SP so perhaps they could just have raised the full 4 tranches for 48,000,000 as a discounted placing and got it done. Company is making less than it might have expected from these sales now?

Very odd. I think the SP is so far down because most people can't fathom it. Zeus don't make any profit on the share value, only a brokers fee so why would they be careful or act in the interests of investors? Although REE can stop the arrangement if they want to.

So expect another RNS saying that the first 12m shares are sold and that the proceeds are back in the coffers. But then they will do this another 3 times over the next 3 months?

Am I just not understanding?

mmmm

John Henry. Except of course that the helium has been stored underground for literally millions of years. Good grief. They haven’t filled the tanker with helium and left it in the yard awaiting a buyer.

JH. It doesnt imply that at all! It's forward planning. 2 months is nothing. You also don't know what the tanker is doing unless you are driving it!!

Also there wasn't a delay in getting the plant operational. That's just you implying what you want to from RNS's. The plant just took time to get ready. It's all normal and in the case of HEX very well done.

Look at other helium explorers. You won't find one that got to this point faster.

No JH it doesnt suggest that. This is just your glass half empty view of the world. Also even if in the worse case there is a problem with producing the helium they still have the proven helium asset and it will get sorted. It only matters if you need the cash now.

You don't seem to be able to understand how things actually work. There are no - super easy spot sales - it takes time regardless. How do you know they are not negotiating a deal with a single entity or that there are not more than one entity wanting an exclusive deal? You don't, I don't.

JH. Certainty is something that markets rarely have and it certainly isnt an emotional entity. The market doesnt lie but it just reflects some drift whilst we wait for news and uncertainty in Iran. It could go on another run upwards without news at any moment. Traders will trade and there are plenty of other places to invest/trade if you don't have the patience.

I see medium to long term production and growing revenue with the added attraction of hydrogen exploration. Basically Hex isnt producing anything that won't sell.

Those who have been involved in any kind of 2 or more party business deal know that this might take time but it will come.

Pensioninvestor might want to read the RNS from 23rd Feb.

Lord - exactly. Don't imply anything. AIM is littered with implied meaning from RNS's. HEX strength right now is the product is proven and in demand. It will sell. Agreeing first deals will always be complex and time consuming until it isnt.