Member Info for skittish

Price is 8.1p with a spread of 7.7p to 8.5p

But I've bought this afternoon at 7.95p. There are a lot of smallish "sells" today, around 7.9p, I suspect that the vast majority are actually buys.

Still a bit odd that we're nearly 2 months past IPO, and no real news as yet.

Both the 500K and 750K appear to be sells, but the price goes up?

This, I think is by far the best of the Rukwa helium miners, for various reasons IMHO, which i did put in various posts on a thread, but it has been deleted - maybe a bit too spicy.

It is about time something happened, but I think generally activity here will be timed carefully, depending on the activities of locals close by.

Bit of a setback on Friday with New Glenn blowing up, and the launchpad destroyed.

AST down 21 to 111. Ouch.

Will see which way it goes next week. For long trrmers could be a buying opportunity.

Suspect New Glenn could launch again in as little as 6 months, National Imperative to beat China to the Moon etc., although most say 12-15 months.

We won't get the 45 satellites up this year, but 22 would give us an initial service, and that is still doable I think, as there are already 7 up.

Emphasis on months.

Longer term BOOM, BOOM.

And another thing...

After ringing the bell at LSE yesterday it is clear the whole board was in attendance.

Meeting with investors and associated movers and shakers, with canapés and salmon sandwiches later in the morning.

As they were all there I'd wager a board meeting took place Friday afternoon to approve whatever was done in Tz during the previous week.

Hopefully all contracts signed off over this weekend and onward March next week.

RNS maybe reads "Sandwiches lovely, off on holiday now..."

No, but seriously, if there no RNS next week, with serious news I will begin to wonder how serious this lot are.

Suspect the unseen people at the top are very serious.

2.5M sell at 8.35p now showing, almost certainly from yesterday.

There were also 4x250k sells yesterday, so the price falling from around 8.7p to 8.3p is quite remarkable.

3.5M flushed through in a quiet market and Rift is down less than 10%.

I'm assuming that these are from the 15M or so shares issued pre IPO at 5p, as part of the IPO. These no doubt were for the movers and shakers shimmying the whole thing along. Get paid generously for the actual work and then get an early Christmas box doubling up on the fees.

I don't think there are any warrants/options etc involved as there have been no conversion notices. Many of the management are locked in, although this would not normally prevent them from selling if they so wished, albeit illegally. What does prevent them from selling is the prospect of much larger gains further down the road.

The moneymen/advisors have no such constraints, and simply wish to flip for a generous profit on move onto the next IPO.

If the 3.5M are from the 15M, then they maybe are all nearly done, and MM's quite happy to load up big time in a quiet market, as they know they can sell shortly for a big profit.

The tweets, LSE bell ringing, Tz visit, big insider sells which the MM's lap up, and the calendar counting down to the rains in mid November all point to imminent news.

I'm not sure if they can do everything they say they will with the £8M, but if they have to come back for cash in Q1 2027 then the shares will be much higher than they are now and it will not be much bother.

RNS ahoy!?

We will see.

I guess it could be for several reasons:

The sale could fall through, details are scarce.

The promise of cash isn't cash, I think the market will wait for receipt.

Zenith is a serial cash raiser, many investors wouldn't touch it with a barge pole, and it will take more than this to junk the habit. That said it maybe a start and if the bank account looks half decent then faith that management will refrain from the begging bowl may return.

Lots to look forward to here, but they'll have to junk the begging bowl to make it all worthwhile.

They have been very busy tweeting the last few days, now they are back from Tz.

But tweets aren't news, and volume, unless the price drops is woeful.

We need proper news via RNS.

Well, at least we know that they are back in the country. As you say there should be some news from here, if not then a poor show.

London Stock Exchange welcomes Rift Helium plc to AIM - Welcome Story At London Stock Exchange | London Stock Exchange https://share.google/20hZiGhQj8A5dvBa1

It will be interesting to see what news when it arrives. I guess it must be at least -

1. EIA contract, maybe underway already, but if not to commence imminently.

2. 3D contract signed and all in place for Q3 26.

3. Possibly rig secured for drilling in Q2 next year?

I think they're going for the inexpensive route as they are aiming for shallow targets around 600m.

Having said that, a cheaper rig at He1 in 2021 didn't work out too well with bore hole disintegration in the relatively unconsolidated strata and instruments getting snaffled on ledges etc. Noble are also looking at a smaller, cheaper rig vz 2023 for their relatively shallow targets, so presumably they both know what they are talking about.

Definitely due a boost from here.

Https://x.com/i/status/2057084275510382647

Wow! Didn't realise there was a thread for this on lse.

Been in since January 2025.

This is a 'to the Moon' stock, despite its present troubles.

Rift 'had' to list in April in order to raise cash. It is an obligation of their licences that they have to spend a certain amount by around October 2026.

It was basically use it or lose it, so unless they could raise money otherwise, it was a listing or nothing.

That said I'm a bit surprised there isn't more action in deployment of the cash. But they've been in Tz the last week or so presumably the EIA is about to happen, and may be happening as we speak, with 3D in Q3.

Suggest you look up the history of the licence, particularly in relation to the He1 admission document. He1 was going for the whole of southern Rukwa, but in particular, licence 12093 was never on the table for them. Always out of bounds.

The CPR is also interesting.

Whilst drilling isn't until 2027, it could be that when those results come in they might be more than interesting, and it could then be blow your socks off time.

Possibly.

Suggest the big round numbers today at bid were sells, anything even a bit above bid was likely a buy. I certainly could by well below mid price.

Give it 12 months and this could be a really interesting share. There is more here me thinks than is written on the packet.

AIMHO, DYOR etc.

I guess they will keep dropping the price presently 8.625p until either:

1 There is news to boost the price, or

2 The cheap seats sellers who got 5p shares at IPO are no longer prepared to sell, presumably a way to go on that as they're still in significant profit

3 Buyers recognise that this is a steal and pile in

But 6 weeks from IPO there appears little action, although management have been in Tz this last week meeting ministers and charities. Presumably contractors also but they are quiet on this. The EIA was meant to be completed in Q2, so they must be working on it now.

It will be interesting when she blows...

Well twitter seems to be a bit alive with posters today.

Noble have done a presentation saying drilling in July.

And we know that Rift directors are in Dodoma this week meeting with ministers and others. Presumably they have also visited Rukwa.

They'll be reviewing progress with the EIA, pre the 3D survey in Q3.

In any event those with the cheap seats will be getting impatient and wanting to unload, which they can't at this level of trading.

So yes, news must be soon.

It would appear that there is an elephant in the room.

It is unnamed but can only be Guardian Metals.

I'm sure that they are watching very closely. He almost makes it sound as if there has already been some sort of informal approach.

By the bucket load I would imagine, shortly.

Viz uranium.

Maybe something to do with providing electronics for up to one million satellites?

https://x.com/i/status/2051367811138646283

Up 10% and 2 posts.

Virtually silent elsewhere.

My kind of share.

Comments suggest the Ensilica ASIC is 5 years ahead of anything that the US will be able to produce.