RE: He1 placing11 Jun 2024 05:50
Tro,
Loads expected the placing apart from the rose tinted he1 sycophants that now think it’s a huge step forward!
Disagree with you about the easy 100-200% gains tho. That was last time and I like many made good returns, again! Not so sure this time around!!
They are drilling for 150m extra. Haven’t done the ewt. And let’s say the well is good. Then what….
It’s another frigging raise!
Most of this cash looks like it’s earmarked for working capital, like wages and regs!
Ffs £8m for 150meters plus an ewt!
The the regulatories with the mining license, the palm greasing and a load of Taz delays! Plus imo you will have a bod that won’t be in a hurry now. Why should they be…..Think about it.
Those of us that have made sht loads out of he1 can smell when the previous expectations may not necessarily play out again.
It’s another exclusive placing ostensibly funded by PI’s.
The insti’s and selective investors, who incidentally can be new blood are likely already in coin here! I have posted about this many times before!
Imo every shark now thinks they are street wise traders with he1 other than the gullible that are stuck in the stock!
It makes for another crash test dummy with different angles.
Ya wanna play. You should have been short already as it was so obvious and still is.
This could go lower than low now when folk think about the overheads and that the BoD have lost total control of costs. For sure there’s alway a bounce but from where?
This is becoming one hugely expensive operation which all the time pumps up the breakeven cost of helium.
Sure the mcap is only going to be like 20m but it’s the opex that’s going to kill it!
Avoid!
Usual caveats
Trek
from the trading sunshine of the Balearics!
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