Member Info for steve58

The market doesn’t always react as you think it would.

Could be the increased helium shows more than make up for the drilling delay.

Seems the gas is definitely there in huge quantities.

Maybe a further update soon with current drill depth would be useful.

Not sure if an Rns would be needed just for mentioning drilling depth.

Must have happened a week ago.

Bit annoying when you think they were giving us news after 70 metres of drilling.

Thanks for that not a drilling expert.

He mentioned low prospectivity. If this is is the case why are we drilling here in the first place.

Also no mention of percentages of helium shows.

We were given one after 70 metres.

Although did mention the gas show continued to increase,

I assume that means the percentage.

Maybe more clarification is required here.

Interesting days ahead.

Helium is probably showing in ever increasing density the deeper they drill.

They are certainly not going to give hourly or even daily updates.

I did think that after all the early interviews etc we should have had another update.

Even if to tell us that all is ok and the drill depth but no price sensitive information.

Agreed. I held over 1.2 million here.

They may indeed become a mid cap co.

Too much talking and little or no action.

As for the fees etc it just doesn't look right to me.

Have spent millions and not a penny income.

The only ones earning the income are the ones charging the fees.

Hi Mike.

To be honest I don't care how long the rns takes to drop as long as it is a good one.

Exciting times ahead.

Agreed.

If a discovery is a game changer it certainly won't be a few paragraph rns.

That does seem the logical way forward.

Although if the drill is contracted out and the various licences are in place.

Not so sure.

If the first drill is proven to be a huge discovery why could they not farm out a percentage for a large cash sum.

News could come anytime soon, but next Monday would be more likely.

An after close one would set up a great weekend and of course it would be in all the newspapers.

Your post has a certain truth about it.

Probably easier to keep it in house.

Although when you want work done you would normally get a couple of quotes.

As I said look at the balance sheet.

Not ours.

Explains a lot to me anyway.

Hi Chris.

No still in there.

Basically nor interested here anymore.

The recent deal although welcome is too little too late imo.

We still have ruvuma which will come good eventually.

I think a lot of long time holders here are thinking the same although the lack of posts and trades must mean something is seriously wrong here.

Atb

Be good for the great great great great grandchildren. That will do but I'm sure you get my drift.

Personally I'd rather it benefits me andy family.

Just look at a company's balance sheet.

It explains a lot of things as to where the money has come and gone.

Share prices are usually calculated on a price x earnings basis. (P/E).

If profit is say £50 million and p/e ratio is 10 then company should have a mc of about £500 million.

Different industries seem to have different p/e ratios so not as straightforward as it may seem.

Anyone have any idea what sort of p/e figure we could expect ( maybe similar to other gas exploration companies.

Not quote a breath of fresh air.

We do get some laughs.

DM's squeaky clean video was great.

News imminent imo.

Anything over 4% would be a very good result.

Although I'm hoping it will be nearer 10% than 1%.

Not too sure about the last one.

I'm sure he has had a portaloo shipped out.

It will be doing overtime if 10% volume is discovered.

News tomorrow would be great.

As far as I know the last accounts showed they all expired in April 2020.

So they would only have any shares they had purchased before we were delisted.

Had a good look. May just be quality of video.

Noticed a pipe which he said collected gas.

Let that one slip.