Member Info for Skippysb01

Is the JH the truck driver? He seems to know a lot about what it's doing.

Not sure it matters how quickly they get to the drilling or complete the drilling. The known behaviour of concern is what happens after that. Based on the last round of drilling and results we can expect drill results some time in 2027. That's no exaggeration but based on known WSBN behaviour. They are quite happy to spends eons collating mediocre results before releasing them to market.

Thought I might help some of you cope with things. I did a bit of Google research to see if I could discover what might be wrong with you...

Euphobia is the fear of receiving good news, often stemming from past trauma, fear of change, or anticipation of a negative "other shoe dropping". It is a learned behavior where joy is followed by anxiety that the positive event will lead to loss or unmanageable expectations.

I'm sure help can be found.

Meanwhile... some people could find the negative in absolutely anything.

Excellent RNS. Like being invested in 2 companies now. Production/sales news on the way for helium and the expansive hydrogen play alongside that.

It all looks quite complicated from a SP perspective. What with Iran news increasingly hard to predict and the speculation about what/when the next HEX production update appears.

Be in no doubt that if the hydrogen outcome is that HEX has genuine realisable reserves this is nowhere near the SP that HEX will achieve. But it's very much early doors for that.

I think HEX has a lot of 'nice problems' to have.

Spot sales require contracts. just because they are not long term agreements doesnt mean there is no legal cover or that both parties do not have to agree formally to documented terms. I didnt mention long term/short term/spot sale or anything else in my post.

Legal agreements require time and focus. Especially if you are selling something valuable to someone for the first time.

John Henry 'Skippy do you honestly think HEX are going to shut down the plant ,Let a Tanker stand idle while on Lease, for weeks. While they negotiate long term contracts when the can sell Helium @ a spot price between $700-$1000 Mcf'

No I don't and I didnt write any such thing.

Every transaction requires contractual cover. Sorry to disappoint you but stuff you make up is one thing but thinking sales come before contracts is laughable. It isnt a car boot sale.

And regarding your common sense. You don't have it. You are just assuming problems when in reality you have nothing to back that up.

It isnt about what the tanker is doing. It's about the contractual arrangements that confirm sales.

We need an RNS stating that contracts are signed and that = sales at £x. That's when we can start celebrating. Couldn't care less when they take the hand break off the tanker. It's a tanker and it can drive stuff from a to b.

If the company is producing helium as stated and at the quality stated then they will sell the helium. Contracts take time, always longer than expected. Directors and CEO's can find that frustrating but it is nearly always the case. As I have said before - the last 10% of any project is often 90% of the effort. So for me it's an easy wait. I could even handle a bit of bad new and back tracking as it no longer a case of if but when.

It's also interesting that we have this disruption in the global helium market. Whilst the end point might be positive for HEX, existing end users, off takers and suppliers will always try to protect existing supply lines before looking elsewhere. It's probably been harder to navigate the helium market since the Iran war started and not easier or clearer.

It’s the geopolitical situation and nothing to do with MMs. Market thinks Iran risk is lowers today hence the big rises in wider markets. HEX SP has benefit from the risk to Helium exports from the gulf. Today and yesterday that has changed from a sentiment perspective. Will be like this for a while.

Offtake RNS will help stabilise things.

The 4 x 100k + trades are late reported and absolutely did impac the SP which is up significantly today.

Well I have now bagged! Happy days

It isnt a good RNS. The market looks for progress and these assays are no better than previous ones for Red Setter. Why assume the next set of assays will be better? There is no evidence for that so they will have to find the evidence! Again.

If it's going to be successful it will be a very very long road from here. Having had my patience tested to the limit, and I have way more of that than most, it just doesnt look attractive at all right now.

My investment and my fault but that's me done with this one.

The results really are dreadful. Just glad to get out this morning and invest it back somewhere else. I think this has a way to fall yet. Long lesson to learn here if everyone is honest with themselves. The odds of this being successful to took a major punch on the nose. Imagine later this year and the 20+ additional drills come back with similar assays to this. It will be the third try on the same dream for WSBN. Not saying it can't happen but blimey it's a long road.

Nothing worse than someone posting cringy anecdotes that they think announce that they are smarter than everyone else and then clearly exhibiting no idea about what is going on.... the company, the product, the sector etc.

Maybe they should go hug those Nokia shares and take a bow in the mirror.

Filtered.

It’s less than 4% of the market cap so it is a very small placing.

Lolly. Don't read too much into the word 'prudent'. You don't over produce helium until you have someone to sell it to. Hard to store.

It's important not to overreact. Today's RNS is an important milestone but a lot of traders will have already decided to sell the moment production was reached. This is because there is always a hiccup at this point until at least we know what volumes are being produced, sold to who and for how much. Up until now any explorations company has an entirely speculative market cap and now we move to production the market cap becomes tied to actual hard nosed monies.

Today's RNS contained no metrics so the market will react in a fairly disinterested way until we get more meat on the bones. Which IMHO will be very soon.

The purity will be whatever is required to sell it to the market. I expect 51% would be fairly disastrous. It will be far higher than that and that is precisely what the shiny plant thing that's taken a while to get up and running is designed to do.

I think it's the lack of data on production value. Market needs to see what is being sold and for how much. Without that data it is only possible to speculate what will be on the balance sheet this year.

All good. We could get an update on initial sales at any moment. As Bo explained last year, the helium market is full of promises from small cap companies that don't deliver. It's literally a case of 'show me the helium' and here we are now with the helium.

No output figures in the RNS so it's a case of news multiplied by zero for the market this morning. It's a great milestones but more news to follow shorty. They actually need to sell the stuff to produce so the next RNS stating what was sold and any other arrangements around that together with some flow figures will be much more interesting. Calm heads and all that. Will probably turn positive now anyway.

Don't forget that helium is a hot product so it will get sold.