Member Info for TheRiflemans

Ouch!!!! after this mornings update and new underwear might be the call of the day. How low does this one go for they just don't seem to be doing enough, and quickly enough to stem the losses.

Unfortunately all the fizz has gone out of the share. Momentum killed mid EWT by the timing and massive discount of a cash box placing. Time to face the reality that the EWT is over and it's just a case of waiting for the next inevitable fundraise in my view.

The share price just goes in the direction they want it to.

This should have been flying high and reaching new highs 3p, 4p, 5p. But it's not and thats due to the timing of the Blue Star buy in killing the EWT news. It's now fizzling out as people move onto the best thing. Shame really.

Thats the thing, they don't have the financial capability at present to bring the project on stream.

So that document and the supporting evidence is something shareholders might wish to see for you need to know where the funding for these 20 to 30 development wells are coming from. I.e is it from shareholders. Then the separation and production equipment.

LB did not to my knowledge provide anything in interview to calm anyone nerves and I have to admit that when in the interview she was trying to diminish the cost of these development wells I instantly thought they'll be looking to existing shareholders to fund.

Maybe the Tanzanian Ministry handling the application, in the interests of transparency, might put the application on its website

RJ. 'I'd have said mid2 to 3p is a fair price right now and with six drills coming before Christmas the 3.4p should be seen easily be passed once the licence lands for Rukwa..'

Wishful thinking in your part and the market seems to disagree. Probably due to somebody regularly sticking their fingers in the honey jar. Deep into the honey jar if recent raises are seen as the norm. Virtually zero chance of getting anywhere close when the present Board keep giving away placing shares at half the market rate and more.

It's sometimes just far easier to roll with the shorts. Sell out, let them do the work and buy back cheaper. Until any good news they have it by the short and curries.

It's probably going under 1p as its opened on a downtrend.

The market knows something you and I don't.

I'm sticking with the reveal next week and FOBI seems to be holding it back

B1ll that's an interesting theory and of course it could be the case as the sp didn't just drop from 1.55p to 1.02p without a reason. If I can just add into the mix the fact the Mm's were behind the drop to get the remnants of the cash box placing out the way so they could get on with forward selling the next one. 1.3 billion shares were rinsed through the market yesterday and more this morning for a staggering fall.

Now you can remove any posts that have contrary views even though they totally comply with the posting rules but that sort of fall indicates something is going on in the background.

Why shouldn't the company itself look to benefit when there is interest in the share and the share price has risen. Best to secure its immediate future when the price is higher rather than wait for it to fall back. That's should that be their wish.

Blubay wasn't that quote you made though more recently contradicted with the last bit one interview with LB and the Finance Bod and where they stated that they only had coverage to the end of the EWT and with a small contingency? I'd find it and watch it again. It's the same one where they were asked about further placings.

I sincerely hope you are right but the history of He1 suggests otherwise.

For me I've watched these pre-emptive price falls all too often on Aim shares and then for the placing to then pop up so I'll go with gut this time around.

Can anybody tell me why forward selling shares isn't illegal in this country.

It has to be insider trading.

A select few are offered the placing shares and know of the placing and the price.

Then before the general market is made aware they then sell those shares at a higher price.

You are profiting from inside knowledge.

The same would apply to anyone with knowledge shorting the share in advance of the placing becoming general knowledge.

It has to be insider dealing, surely.

The market makers must also know what is going on and they also can make knowledgeable adjustments.

Yesterday had to be forward selling of the next placing shares. RNS possibly end of the week or next with maybe an LB interview to try and help move them on.

Unfortunately if you paid higher you might already be trapped in waiting to know the price and the discount.

They are already forward selling the next placing shares. Massive volume, dropped price, large trades, everybody scratching their heads. Private investors always the last to know and left holding when they announce.....

If these supposed large buys caused a 19% drop in the share price I hate to think what some selling would do to the share price.

Please keep things real.

Fear of being in for any next fundraise is what has ripped the heart out this.

That and cash box placings.

On Aim you sell the news, or if you find yourself in good profit as it's just a relentlese fundraising conveyor belt.

Fobi

Fear of being in for a next placing is what h

Let's hope they haven't underestimated on the costs and what they were buying into.

More uncertainty and the full EWT has been overshadowed by this buy in.

Shouldn't that read 20 to 30 wells needed to support a Helium discovery?

At what cost to existing shareholders?

The problem now comes if the cashbox placees decide to sell at a loss to get rid of any they have remaining.

These are not investors and invariably are simply after a quick buck by rinsing their shares onto others in the market.

Have they been scrambling to offload this morning any they have left for any remaining profit before none is remaining.

The demise of the share price seems to be indicating so.

They will not want to be caught in an overlap with any other fresh placings, cashbox or otherwise.