The page has turned....4 Oct 2021 11:25
It seems to me that HE1 is now in a far better place in the process than it was 6 or so months ago.
The SP was around 8p (where it is now) on the excitement of a drilling program.
Now the SP is there again (8p) but with now, the results of what drilling has been done.
And although it could be I guess, be loosely argued that previously as DM already knew helium was present hence the drill program, so are we really that much further on still confirming helium is present, I think realistically we are.
The data collected now is allowing a more targeted approach to the next stage increasing the chances of success and my analysis of what he has said is that he going to get the next locations as bang on, as its possible to do. (And this may take a bit more time, so i agree now its all about next year.
The reason i am posting the pretty obvious is really from the SP pov:
Its holding around these levels. When the next news comes it will presumably be about the next phase of drilling. It sounds as though he wants to get the BFD out and go all the way down. But in any event, I think that news will spike the SP, in the same way it did before which suggests a 50%- 100% jump in short order.
This spike to me, feels nailed on. We know they have the money in the bank and are looking for sites, we know they are looking to hire a bigger rig (as well as the lower, easier drill targets), so it feels we are just talking about timing: Will the announcement be issued tomorrow, next week, next month etc.
As we know know we can never be 100% sure on anything, but it still feels a genuine opportunity on anytime now to , what a 12 week, timeline for the plan to be unveiled.?
This still looks to me an extremely good risk reward at these levels to buy into. (Just my opinion DYOR)