Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
@Pompey,
My thoughts as well on those big trades, a savvy institutional buyer getting in early?
As you point out ,..Hex rising in value no longer becomes a penny stock and is not at the mercy of the usual mm's shenanigans at that point.
Indeed, this company have made an immediate impact on the Market place.
If you make comparisons with HE1, the stand out pros are.
.
Hex Fully funded for the next 12 months
HE1 A likely raise before EWT
Hex Professional approach with experienced team in place to deliver in an economical timeframe.
HE1 Lorna and her cheshire cat grin, cash burning and diluting your shares.
HEX New business with no baggage and potential that is drawing attention from big money ( yesterdays late trades were mouthwatering)
HE1 Trust issues growing over the lack of updating investors and the baggage is there for all too see in the percentage of failure, fund raise and unconfirmed numbers in the RNS feeds.
I won't dash across to the HE1 board and point out the glaringly obvious to the loyal investors that are pinning there hopes on one infectious smile.
The acid test is whether the SP continues to rise here and the smarter HE1 investors jump ship.
GLA.
@Swissydog
Thanks dude , I got lucky a few weeks ago when I was getting nervous about the next HE1 raise. Someone mentioned HEX and I took a look at the company, liked what I read and in all honesty thought at the time it could be a better investment.
I have been through two dilutions in HE1 and still managed to average down to where the SP is at present, but I genuinely think the He1 BOD'S couldn't give a toss as to how much money you put in,.. so it just felt like I needed to go with my instincts and do something to break the rinse repeat, catching a falling knife repetitive cycle I was being sucked into.
I will be honest and add that the only way to stay afloat and make a profit in this game is to stop kidding yourself that there is a large pool of loyal shareholders willing to watch the SP slide,... my rule follows something along the lines of a strategy that I think makes more sense.
Don't allow your investments to fall below 7%,... I decided to tighten that to 5% and I have seen a dramatic turnaround in my fortunes.
I wouldn't rule out buying back in at HE1 but I think I will sit it out and see if a further fund raise is announced before I buy back in.
I've licked off my wounds and l wish everyone invested in here all the very best with whatever level of investment fthey have,... just remember to make it difficult for the mm's,.. it's about time they were fed just the scraps.
@Pompey
That's the dilemma for investors, stay loyal to HE1 and watch the SP drift down as other potential investors sit on the sidelines in anticipatation of a raise.
....or get out with what you have in HE1 and maybe make enough profit you can then top slice and return to HE1 whilst enjoying a free ride in HEX.
We will soon find out if that scenario starts to play out ,.. GLA.
I did say in a previous post on the HE1 bb that you only need to analyse all the RNS drops over the last 3 to 4 years to notice a pattern of regular fund raising, cash burn seems to be a regular event with this company and despite the good news on finding 4.7% pure Helium flow,.. there has never been an RNS to support that from the samples that were apparently sent to a lab in the U.K. months ago.
If I missed something here than I am happy to be corrected,.. but trust issues are definitely an increasing concern and I still get irritated at the lack of updates and communications.
More of my holdings if not all of them will be transferred tomorrow from HE1 to HEX.
I wouldn't be surprised to see several AIM shares dip on Tuesday morning as people skim off profits or even simply reduce their holdings tp top up in here.
I am evaluating three other investments to fund another top up around 3k on Tuesday. Just my gut instinct as I have seen this happen before.
FOMO can be very danaging on other investments as people chase the risers as Helix has had enough extra media exposure over the bank holiday break to be targetted aggressively by new investors.
Not ramping this company , just my opinion based on the companies financial position, it's talented personnel and ,geographical location.
GLA