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Remember this back in February - so Lorna is stacked with MILLIONS of bargain priced options priced at a level that carries her very little risk:
The board have resolved to issue 8,000,000 options in aggregate to subscribe for ordinary shares (the "Options"). The Options have been issued as to 5,000,000 to Lorna Blaisse and 3,000,000 to Kai Gruschwitz, the Company's new Technical Director. The Options will vest in three equal tranches over the next 3 years and are exercisable at 6.25p per share, a premium of 16.8% to the closing share price on 22 February 2023, being the last practicable day before the issuance of the Options.
I agree. A real giveaway "again"
they could have easily filled up 6m quid with 9p stocks because you cant invest 6m quid in to this project without causing the share price to rocket. As you say, she cost us dearly in terms of price of funding. Cant say I admire the BoD over this giveaway.
She will know deep down she wasnt so forthcoming on the funding matter to shareholders. could be reason why no interview as she would get asked about it and then she would have to say well we bypassed that by doing it differently via a Cash box process and then the interviewer will ask her why she wasnt so forthcoming and perhaps some shareholders will see that as a sneaky move and therefore may not believe what you say in the future as you have proven you work around what you say and not walk the talk so to speak - she definitely not going to be wanting to be put in the spot with that line of questioning.
The last funding round, priced at 5p, saw all the available shares snatched up quickly. Many savvy investors at institutional level surely were aware of the forthcoming funding call, allowing them to exit with substantial percentage gains, only to repeat the process at 6p. This creates a thriving cycle, benefitting those fortunate enough to access these exclusive opportunities.
With nearly a billion shares in circulation and confirmation of two upcoming drills, the stakes are high. I'm still holding on, filled with hope that this venture will indeed prove successful, propelling the stock back to the 20WING once again…I do wish HE1 mgmt sought funding at higher stock prices are they sell out quickly and they know this so can use that to their advantage its basic economics of supply and demand - I believe 5p and 6p were giveaways significantly benefiting those who are not retail investors. Last nights allocation to retail investors was minimal and just a small token. Only had 2-3 hours to act on it. Pretty rough really...
So every time we drill a hole it costs us 6 million even though we own our own drill? I thought it was 6m to lease the drill per hole and imagined it would be cheaper now we own it... any insights on this?
Actually I was wondering how they do this when they said a meeting would need to be called to approve any such raise in the future from this years AGM - just curious as to how this was approved?
How many shares will that take us over a billion??
Is Aussie Princess around to go through SPUD & RESULTS with us?
Keep in mind that we're drilling in the Goldilocks Zone, and the spud date is approaching quickly. As for the Share Price, I've been a bit puzzled as to why we haven't seen an uptick, but there's not much we can do about it. Let's remain hopeful for a successful discovery...
Yes I think we should BRING BACK THE MINCH for some serious PR work.
Large off-book trades can be various types of transactions, such as block trades, dark pool transactions, or negotiated deals that are not executed on the public order book. These trades are typically executed between institutional investors and may involve large volumes of shares.
Sorry if I missed some of this it may have already been covered but if someone has ease of reference access to this detail can you provide? What was the major shareholding list say pre-buy-drill days - and what is the major shareholding list today? I would be very interested to see who was and is on this list and what % have changed etc - so for example if Mr Hale had 7% and now doesnt have 7% and that difference has been taken up by HL then can establish what has just been going on.
Yep - great tweet - this is all part of a massive game plan -- one step at a time though but its all kicking in now....
If Mr Hale is the funder then he probably got out with average of 7p for example and take 40% gains - thats a cool few mill. So lets say he sells out and retail investors now hold all the risk and he waits for the next funding call and funds that one and does another 40% and so on it goes, probably with multiple other projects around the world - so its a good game plan to me - would love to be able to play like that. For me I am stuck in HODL until we get a Discovery and then will reassess what the specifics of that are. I am hopeful that either we are acquired for a great rate or we go in to production - either way, it will be what it is. My opinion is that they will declare a discovery and then move on from that and the share will have a pretty good base line with many more bites of the cherry to have along the way for everyone with their different perspectives and needs.
HE1 will be a great candidate to supply these type of ventures:
https://www.ladbible.com/news/uk-news/brits-soon-fly-spain-worlds-biggest-aircraft-730168-20230901
Article dated 1st Sept.
6.7p right now really is no good - I genuinely dont understand why it is not lifting as things are much better for the project than they were 2 years ago; my feeling is that whoever stumped up the 5p £10m capital (which we have no idea who it was) is selling out at what is actually very good % returns... I do fear this is a hold until results as I dont see any lifting coming in allowing a decent derisking to take place... these are low low times for the stock of this project yet the highest of times for the project itself..
Why are people so worried about funding? If it was £1 a share post discovery and they need more money then great - why everyone thinks funding is imminent sub 10p prices and so sell? Just invest in the project, wait for discovery and then hold for dividends which will be way higher than todays share price.
We are about to enter Spud Month -
Im not sure why all the selling I really dont understand why people would be exiting at the most exciting time of the project and most likely at losses - unless its still that 5p bunch dumping stocks (we still dont really know who stumped up the cash do we?)
Two questions I have
Why would you be selling when you know you going to make a lot more money soon?
How can you determine it's a small handful of sellers or even a single seller?
Any rise in price from genuine buyers for discovery going to be heavily sold in to unfortunately. I am now in opinion that we will be going in to spud around 10p and if we lucky, perhaps 15p - shocking really but sellers are there in massive vols. If only they just let it go but they wont.