Member Info for Skippysb01

Jersey. Post of the week.

Be patient. I find it takes practice and it's something we have to learn.

Why is it so surprising that the SP hasnt gone up? When you buy shares - do you want to pay more or less for them?

SP is not about how many buys there are. Punters are buying the shares at a price they are happy with and those shares are available at that price because there are also punters prepared to sell at this price (within the spread). That's 'a market'.

If the mm's try to move the ask up and nobody wants to buy them what do you think they have to do? They have to drop it. This is called 'making a market'. That's what mm's do.

You need liquidity to dry up and then the mm's will adjust the spread accordingly.

Todays entry for this weeks 'this aged well' competition.

Imagine if life was uncertain but we had to make decisions anyway.......

Been in 88E before and to be frank might have had some in now if HE1 hadn't been doing so well. The time to invest in 88Ewas a few months ago when the flow rate testing was still far away?

It's not a good comparison though. Oil and gas operators are many. Helium operators are scarce. 88e cannot have the potential upside that HE1 has from here. That doesn't mean it can't do well.

I think that the general state of the AIM market is enough to explain the 50% current market cap v previous highs. Yes it can get back to it very quickly but needs a bit more data first. Back in 2021 you could get share prices shifting on vapour on AIM. It was nuts. Its very different now.

Roll on some resource estimate and flow data.

During the last interview LBN mentions this as one of the options going forwards. But remember that they first suggested going back to Tai3 before they found 4.7% Helium at Itumbula.

Everyone is focussed on the discovery at Itumbula. If we really did want to go back to understanding the COS at Tai you now need to factor that in. If HE1 did decide to go and drill further at Tai the COS is now higher just on the basis that we know the Rukwa basin has a Helium resource that was found at Itumbula.

I think 20p was a good number to have the discussion around. It's big but not mad.

Thing is the steps to get there all need to line up. We know there is a reserve but we don't know it's size. We know we have a well that is flowing helium and other valuable gases but we don't know the extent to which it is flowing. We know to get to 20p more well would be needed. etc. etc. Potential buyer could look across the whole thing and just decide to cover a lot of that if they see the right evidence.

Most likely we get a resource estimate and this has an impact on the SP alongside the less obvious route to commercialising this. It's quite a rollercoaster ride so get ready for that even if the resource is huge.

Agree with RJ. If someone wants to pay me 20p a share to buy HE1 then I'm going to take it. This would take all of the uncertainty away. Indefinitely owning a single stock as it goes up and down for years isnt my idea of fun v certainty in the moment.

70p obviously better. But blimey let's not get carried away! Resource estimate and flow rates incoming. Patience needed.

What we want is a resource estimate and flow rate for the well..

Clearly from the last interview these are things we can expect but not clear exactly when. Any time over the next few days/weeks/months. So much still to come. I would expect this before any JV announcements but expect conversations with potential commercial partners are happening all the way through whilst they sort through the data.

****water

I don't believe what Bonniedog says (Bonniedog - it's not you, I just won't believe anything at this point because you are making the type of prediction that we often get and you would be the first to be source of truth - every!).

However a JV could be for many things and that includes supporting a- stress testing a full and detailed analysis of the well data.

So anything is possible.

Not perplexing. They haven't disclosed an estimate for the amount of gas that can be extracted and how fast. It could be a while before we have any volume/flow data and would expect further resource estimates too.

I think what we have is. They know it's huge because they are witnesses to the drill outcomes but need time to be able to turn the data into a model and communicate that to the world.

Patience amongst this LSE community will be far harder to find that the helium in Tanzania.

Just ignore. They will be around for the duration.

It's not just you. Everything happens when I'm busy doing something else.

Of interest for me. They are working on sizing the find and it's complicated because it is different to other HE1 finds because of the composition of gases (no hydrocarbons to separate etc.). It sounded to me as though its huge and they need to understand how to size it - flow rates/overall size/volume of the discovery etc.

LB certainly dismissed any doubt about whether they have found flowing gas. She mentioned 'pressure' of the gas without qualifying that.

Expect an RNS is coming that tries to position the scale of this. It could be a portfolio maker.

At 1:15 in the interview. LB "We have found it"

NP. I expect I can be quite annoying.

Elrathia. It was sarcasm. i.e it hasn't sunk at all as it's up 900%. I was making dun of the original posters view that the sp is sinking.