Member Info for westgate

6 trades total £3k and a 13% drop! Nothing to worry about here at the moment. Patience and belief in the fundamentals. Good luck all. westgate

Easy hold for me. Fairly relaxed about potential prospect. Short suspension with news due. Assets still there. High risk but if cash needed, I would have thought money will be forthcoming given the potential returns. Low volume today makes me think most are similarly willing to take a punt at this. Each to their own. GLA, westgate

Conservative estimates $12m from Linda alone vs m/c 18m and numerous other potential assets. Sp should at last start to reflect what we have going forward. GLA westgate

Only another week until next news. AIM likes short timelines with all that implies for those still wanting to buy in. GLA westgate

Given the unrisked valuation of 124p, the low number of shares in issue, the small free-float and many in sticky hands, I cannot understand why sentiment and volume is not yet here. I can only surmise that the timescale is putting people off at the moment but one whiff of good news and…

GLA westgate

I note this secondary failed zone would still produce c.£1m/year and may yet be realised in addition to the other areas of Ingomar where there is more optimism based on previous results. A hold for me. GLA. westgate

I don’t post often but I wanted to thank some of the well informed and well intentioned posters on this bb. With only a c.£30m m/c, 100m shares in issue, a professional bod with huge experience and who give regular updates, I think this is an excellent risk/reward play. There have been strong hints that the ewt results will be good if not excellent. Only a short time to wait for confirmation too. Good luck all. westgate

I think we might see some big buys going through after 4.30..

I think we can assume that the lack of FS detail is not a negative since this would need to be RNS’d as market sensitive. I am thinking that there may be very good reasons such as potential deals/Jv? GLA. westgate

Since the initial ‘big’ rns in February, the company have progressed the company and delivered reports on time as promised. Seven months is not a long time to advance something this big. I suspect the company is as frustrated as pi’s with the sp, and the wisdom of buying into BlueStar was questionable when funding is such a sensitive point with share holders given the level of dilution that has occurred. The market wants to see a financial plan going forward and this needs to be provided as a matter of urgency. If/when this is given, and provided it does not rely on more dilution (ie. JV, loan facility), the sp will respond. Currently, without this information, the m/c is modest and the sp low…and that’s the punt. Buy now and bet on whether funding will arrive in a form that is acceptable to share holders and institutions. GLA Westgate

Small free float but we need volume…and then it will move fast. Buying today/Monday in anticipation of interview…obviously nothing market sensitive but will hopefully reinforce confidence. Good play from these levels. Currently very undervalued given the competence of the bod and the potential of what’s on offer. Risk is acceptable vs what should be a positive reward. Surprised there is not more interest in this stock. GLA. Westgate

The RNS states that there is “a commercial development plan”. Now why wouldn’t they share what that is? Negotiations ongoing for JV.

I think this is a curiously worded and rather ambiguous RNS. ‘Elevated helium’….ok but no figures. ‘Significantly elevated hydrogen’ with a percentage. Why no indicator of the helium numbers (it doesn’t take much to exceed background levels); are they lower than anticipated hence the vague subjective quantification. I remain cautiously optimistic, but I can see why the sp has stalled.

RNS 1: not a duster: commercial so everything hoped for. Second EWT still to come. Very derisked.

RNS 2: red herring…6% dilution for acquisition. Looking to grow He1 into a global helium producer and a multi billion company. All good. GLA, westgate

A lot of IFs here, but IF the EWT is good, I would expect the m/c to be £3-500m. Going forward from this point, does anyone have figures for potential production revenue and hence potential m/c? I know funding is an issue but I am assuming this will not be an issue if all plays out as we hope. GLA, westgate

Forget dilution…the money was needed for the EWT. This is a great RNS that begins to derisk our investment and the c.£70m market cap is nothing compared to what it will be if this turns out to be a massive helium producer. GLA

Much talk of dilution but it is the m/c that matters and the potential upside from the current 70m. This value represents a company that has so far shown good He shows and this now needs to be proved up as commercial. The fund raise although disappointing was done to facilitate this. IF the drill results confirm this, then the current m/c will have huge upside and an initial target of £500m would not be unreasonable (huge resource, good helium prices, Russian ban). Funding would not be a problem going forward with the prospect of other interested parties. GLA

Has been good to trade. Confirmation drilling has started now, probably already priced in so a good base to buy at 1.35p. Any whiff of good flow rates and should see 2p. GLA

Crusty I always read your posts with interest and I am also perplexed by the lack of response to the last Rns. My thought was that this share has received so much publicity and so many people have jumped in on its prospects that this news was already priced in. Atb. Westgate

With a spread of only 1.6%, a lot of the reported sells could be buys and the sp drop could be order filling . Wishful thinking maybe but some very large buys after hours last night…GLA