Member Info for Skippysb01

Yes but how do you know there is no helium trap if you have not drilled already?

How do you know it won't be trapped? Did you drill already?

Next time you do this experiment in the bath. See what happens when your sealed container gets full and the bubbles come out the side. I recommend holding your nose.

They changed the Itumbula drill location based on what they found at Tai3. They shifted focus to the fault itself. They also still hold to the hypothesis that helium reservoir could be found by drilling further into the fault at Tai3.

You are guessing at best.

Is that based on science you did in the bath?

LOL cperkin. That really does look like LB.

I sense the RNS today they are hedging a bit more on timescales. 4/5 weeks is more about what they have learnt so far. They may well finish initial drilling after 2 weeks but why say that if previously it took far longer due to x and y. Also there was more emphasis on testing during the drill in todays RNS? Does this imply a bit of stop start to do science and various phases? perhaps they see that approach might have served them better at Tai3 (a bit like Nobles column of gas).

They certainly will have learned a lot and included more risk management in the drill programme after Tai3. I am involved in change management and when planning I always look to what happened last time as the best indicator of what will happen next time. You can generally improve on past experience. If there is no last time it's really guess work and that might explain some of the over optimistic timescales put forward for Tai 3.

It's not just HE1. Spud doesnt cut it for mining/exploration AIM companies any more. They will need to actually deliver the helium,

Could get positive news during drill that might make a difference and/or noble might have positive lab results.

Emotional. Really? You have had a psychotic break if you post on this every day without having a vested interest in the outcome.

Ridiculous. 'It was SO MUCH better under DM'. DM literally failed to get a drill contract following the first tai drills and this message board was full of bile for it. The comms were terrible apart from the ramping that led to huge losses off the top of the sp.

Absolutely no point in showing pics of the rig being set up ahead of drill since they already tweeted that recently - you and your other identities would have loved it and poured scorn. The problem with persistent bias is it becomes a mantra and an obvious identity. You simply cannot support anything positive because your fake identity would not survive it. That is not your purpose.

You don't like it when they communicate and you don't like it when they do. You are not invested and yet post constantly. It's ridiculous. Nobody does that without a reason.

From todays RNS - 'Geolog undertaking mudlogging whilst drilling to monitor helium gas shows'

Despite what some on this message board will claim - the actually execution of drilling is in good order. All of the usual drilling risks apply.

In my view you shouldn't care whether the BOD cares about LTHs or not. It's just too easy to fake that. genuinely I don't think there are many BODs that really care about LTH and for AIM companies - especially these exploration companies - they can't due to the realities of how funding works in AIM.

Caring isnt a measure of future success. Drilling is the mechanism to success- starting drilling = good for potential value. Of course nobody knows what will actually be found in the ground - this is the point at which the myth of BOD competence falls apart - the best BOD in the world can still have a failed drill.

Maybe they haven't been tweeting much because they had nothing new to add and it's been the holidays. Following the comms at the end of last year they have indeed delivered on the promise to spud early Jan and told us that before market opening on the first working day after he spud. Wow. That's just awful comms just now. Not.

But hey if they tweet lets say it's not enough tweeting or pretend they don't tweet because they don't like the responses!

Really folks need to understand that the most frequent posters on this board are not posting in your interests. Anyone who posts dozens on times a day for months on end and then tells you they are not invested is either an idiot or up to something.

This is not a defence on company performance. The timing and management of fund raising has been a disaster for many. But for crying out loud just filter these idiots or at least just laugh at them - you don't need them to explain the risks to you and you will feel better when you read the message board. They are literally working together to rinse you and everyone invested.

There is very little reason to think that spud alone would move the SP this time. It will take finding some helium. The RNS has a different style to previous in that it goes to lengths to make it clear that helium finds will be assessed ongoing through the drill. More emphasis on this.

Its a big risk this hare but it has potential big reward. I bought some at .25 p and don't see any reason to be disappointed today..... it a 5 week journey and the noble lab results will likely emerge too.

They told us that spud would be early January, which it is, and that the rig repairs were complete pending actually building it, which clearly has happened.

If you don't like it get away and do something else. Pointless post considering it's fundamentally dishonest.

Nobody thinks they have done a good job of everything until now but criticising the comms over the last 2 weeks is a weak argument. They have confirmed exactly what I felt they told me.

They announced lab delays and suggested the new year. Any day now?

Mannnan.

There are several schools of thought on this message board most of which suggests that there is either conspiracy or incompetence. However there is another view - that the company is telling us the truth whilst struggling to fund progress due to market conditions and constant sp attacks from all sides. I think the latter is the most likely.

It’s hilarious that people still think there is company driven conspiracy with those taking part in fund raising. No evidence supports this unless the sp rockets. Nobody benefits unless that happens, not to the extent it’s worth bothering.

Noble announcing lab results on what they have told us is a likely discovery is the catalyst here. If that happens during the HE1 drill then this could get interesting very quickly. I think HE1 genuinely believe a discovery is just a matter of successfully drilling. Its a game of mechanics for them. COS is far higher now but that is off set by the constant threat of breakdowns and aggressive sp action. So close and yet so far. O think someone will make a discovery in the region. Could be January 2024 or 10 years away.

Spanishorange - top post!

There is no spud delay. It is still early Jan.

There is no evidence that drill workers didn’t get paid. That is made up.

Nothing will happen to the sp because of the new shares being added. The new shares are coming in at .25p so they are objective;y the same value as the shares today. The total value of the new shares will be added to the market cap.

As with nearly all placing the sp is tethered to the placing price until the placing is completed. What happens after that is down to the market.

I agree that any investor needs to balance risk. Anyone who bets a future on a stock like this needs help but a small punt at these levels is quite attractive. The actual helium resource remains the same.

All of the AIM mining stocks have message boards like this. If you are lucky enough to invest in the funding cycle when they hit the bullseye then well done. But the hate and blame that we see when it doesn’t work out? Punters only have themselves to blame. You could have the best drill, the best BOD and still not hit a discovery. There is no current technology that can replace drilling with any degree of certainty.