Member Info for Skippysb01

Actually it was mentioned in interview just last week. Briefly mentioned re entry at clink soon.

Admittedly the lack of more robust update in today’s RNS feels,like they might not be doing it immediately. They do need to be more clear on it.

This is about the longest there has been between HEX RNS's since June. Ergo there will likely be an update any day now. Usually about every 2 weeks.

Point to the big selling please. Low volume doesnt = big selling. Selling is lower than it has been for a long time. As is buying.

Why would you think something has 'gone on'. As per last weeks comms there is lot's of great stuff going on. This isnt Tik Tok.

News on Clink reentry, production planning and reserves for Rudyard incoming. Low volume whilst the market waits. Can't see a sniff of any problems right now.

I think it's coming JH. I don't think we have had to wait much more than 2 weeks for an RNS from HEX since June. Let's hope it's significant. But regardless, I will still be holding for Rudyard production.

JH - that's exactly my point. Positions are being carefully managed. No distressed seller.

Buyers will be back. Have seen this low volume previously. HEX will continue to prove out the path to profit and at that point the SP will have to reflect reality.... and on the way, further news on Clink the resources at rudyard will provide additional buying pressure. IMHO.

I think that's worth understanding. There will always be sellers. There will always be someone or an entity that owns shares that were purchased below the current SP. It makes complete sense to sell shares at 16p if you bought the at 5p. I would too - but in this case not all of them.

It's clear to me that rather than distressed selling we have one or more significant holders carefully managing a position. The SP really has not fallen that much, as frustrating as the fall might be. The lack of any TR1's tells me that shares are changing hands but positions overall are not changing that much. There are all sorts of possible explanations; it could be a big holder moving the shares through a family, it could be a big holder buying and selling shares throughout the day to work the holding to a lower average, it could just be de risking e.g. sell half now and keep the rest for later. We will never know.

Low volume today but that's for buys AND sells. Finished more or less flat.

I thinking it is inevitable that the tide will change here.

Indeed. No placing. It's about how much they can do now with exiting funds before they start to generate revenue from sales and financing options that opens up.

I think they can include further testing for Clink at the same time as developing production capability at Rudyard and JH suggests they will focus on Rudyard and put Clink off for a bit. But the planned outcomes stay in place either way. Nice problems to have as they say.

They can do both. They have planned for both. They already know what they need for further Clink work and what third party they need and have engaged with them on it? The only factor pushing it into Jan was the desire not to pay for down time over the holidays. So IMHO there is intent to go back to Clink now regardless of prioritising production at Rudyard. One doesn’t impact the other.

Ihavenoclue - yes that is the plan but would expect an RNS to confirm team in place and start dates and describing the process etc. Not a problem but anticipating that soon.

I too took 're entry' to mean going back into Clink and doing the additional stimulation work to get flow testing going. I wasnt concerned. I was somewhat encouraged it got a brief mention to assure it's still happening. I do want to know what the plan is for Clink but as with some of the previous updates HEX interviews tend to focus on one topic and in this case it was about Rudyard production.... as per last weeks RNS.

It all comes back to patience. Kaeren is right. Fundamentals have never looked better.

TL2482 - they certainly don't need a raise to get the first well to production IMHO. From that, unless they demonstrably can't prove the commerciality from that well, they won't need to go to the market for funding. IMHO DYO research and all that.

2 things - seller with clear intent (no matter what that intent is it must stop at some point) and the fact that the news isnt getting to it's intended audience. It will come but needs an operational update via RNS. I expect they are working on that and the updated reserves for Rudyard.

I think that's the thing JH. To me the selling has been very heavy and one might suggest the SP could have fallen further, I think they have found buyers for the stock and they are very happy with price right now. I think they are changing hand at just the highest rate possible to stop the SP falling too fast.

Could end any day now. This isnt happening with the intent to make a loss from here. No mm or other entity is going to take on the volume of shares without a willing buyer on hand. There is huge intent here.

I don't see how these videos reach the target audience.

Operational update via RNS is needed - hopefully they are close to updating the Rudyard reserves.

I'm very confident but they need to attract a wider base. The seller is clearly hell bent on selling a large proportion or all of shares. Likely they are making 50-60% profit from launch shares so you can't blame them. Or are they letterboxing the SP and reducing an average in anticipation of an upswing? Dunno.

Great interview. Production could be this summer. Easy rout4e to production and just need to set up the processing plant, purchase the filters and link it up to the existing well at Rudyard whilst drilling 2-3 further production wells this year and reentering Clink very soon.

They do need to RNS all this though. Not sure how much visibility these videos get.

LordWM - Agree - especially this bit 'what the market won’t ignore is revenue'.

2 whopper trades from yesterday now showing on the exchange. Nearly 400k shares at the bottom of the spread. Explains the SP movement.

Can you imagine TOC if HE1 released an RNS announcing they had purchased a production facility for just £500k?

I have it filtered because it's not objective or adult. I'm invested in both HE1 and HEX by the way.

Great interview.

Minchin is a card though. Obviously as a holder i like what he says but blimey.... multiples of the current SP... just announced in an interview. Interesting times.