RE: Miles ahead of HEX22 Sep 2024 10:55
Olly, you obviously right about shares in issue, but, as said before if you think you will get to production as we nearly are, and that is a big IF, then you will need much more than you got in the bank now. Where do you think the money will come from? Yes, a raise! This is AIM, all companies raise as they progress. very simple really.
For Punters on AIM shares in issue rarely matter, long term investors maybe. So Punters going to take a bet on a share at 1p than load up at 22p. Pretty obvious where the bigger % can be made tbh.
As for you making cash trading HE1, well done. Do you trade your own? Amazing how punters always claim they trade successfully somebody else's shares isn't it? Any way the proven fact is nearly all day traders lose their money and go bust. It is nothing short than betting in a Casino. Good luck if you want that day long stress watching a SP move few % in hope of covering spread and costs!
As for where a bigger profit will come from at this stage......shares at 22p very, very rarely bag, where as shares at around 1p often do. HE1 has shown it can rise, very very quickly. Yes, and drop slowly while waiting for news ( I know and expected this, always happens, but I don't trade, having been caught out on an unexpected good RNS years ago that cost me a lot of money as I was out when it happened. But.....We expect a MINING LICENCE before Xmas, in partnership with the Government. 20/30 development wells, not doing the sums for you but there to be seen likely income. Oh, and as we have our own Rig costs very cheap. As they are for development wells over exploration wells.
So.........I have NO doubt whose SP will have made the bigger gains by Xmas. If in real life I would be prepared to put my money where my mouth is an offer you a pretty hefty bet on that. But on an anonymous bb, eh No thanks lol.
Anyway any share that has Ahmed as a supporter is doomed. HE1 has a few loons but compared to here, yikes! GL in your investment