Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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1p
The highest ever market cap HE1 had was approximately £170 million and that was in 2021.
Today thats equivalent to about 3p.
Could it reach that again this Q3, yes it is achievable.
I hold both he1 and hex as imo both should do well.
Q3 which is just 2 weeks away will be a busy time for both.
Gla
The highest ever market cap HE1 had was approximately £170 million and that was in 2021.
Today thats equivalent to about 3p.
Could it reach that again this Q3, yes it is achievable.
Jungmana YOU ARE S....D IS F....K where did you get this 170m figures from ,oh my my,
are you listening to people like this guy predicting the future share price. wow shocking
Dax, you must be new to he1? I was here in the summer of 2021 from 6p level to about 13p when I sold just to watch it continue to rise to a high of 28p. At the time there was about 600 million shares in issue.
You do the maths.
Good night
June 2021 615,498,925 shares in issue , June's peak 28p, July's 29p
MC ~£172m
Today thats 3.2p
28p
https://invst.ly/157mu1
615,498,925 shares in issue
https://www.lse.co.uk/rns/HE1/exercise-of-warrants-and-issue-of-equity-80h2oln40z46mxd.html
There you go as confirmed by Dai2belts. That was the first drill on hope and a prayer and unfortunately it wasn't successful.
Now they actually have found 4.7% helium content in an area which potentially holds multibillion $ worth of helium and hydrogen deposits.
If the EWT is a success imo he1 will surpass that high of £170 million market cap ( which is 3.20p today).
Huge helium discovery 'a life-saving find';
https://www.ox.ac.uk/news/2016-06-28-huge-helium-discovery-life-saving-find
3.2p Does indeed represent a sensible target!
The broker consensus target was 5,63p prior to this raise
(now duly adjusted to 3.93p)
It is perhaps worth pointing out that had the company been able to raise the £8m
conventionally by way of a rights issue.
The share price @ 1,15p would have been adjusted to 0.95pXR
This also represents a sensible short term target!
But DYOR
Yes but don't forget they have £8m in the bank that will be used to add additional value to the assets by way of doing deeper drill and ewt and proving up the discovery.
So I suggest broker target price should now be adjusted upwards.
"So I suggest broker target price should now be adjusted upwards."
There are also more shares in issue so any broker price needs to calculate this in. If anything the current figure should be dropped a little. The potential for a EWT isn't a driver its the potential results that are the driver and that £8m in the bank will soon disappear but the added shares will still be there.
Fair comment but I still think broker target should be adjusted up as now have funds to prove up and also potential find additional volumes to add to the discovery.
So I would say broker target of 7p. Imo 😮
Don't think I've ever been this excited about a future Monday morning before... Next week should be fireworks...!
@ dai2belts - nice work there.
A mere 615 million shares in 2021? Ah, those were the days....
I think that was around the time I first invested, to say it hasn't gone well for me since is an understatement!!
Fingers crossed I can get out of trouble this time.
@PatShare, the mention of £172, I had to check it out...
So both DM and Lorna achieved two extremes
DM £172m
Lorna £2m, but what upside did that create , x17, clever.....
Whoever has traded this smartly from the start has made a fortune...while others have lost their shirts.. Its been an expensive education...
@Patshare, Mind The Gap...
Seen people mention filling the gap, so I guess the chartists will be watching..
https://invst.ly/157upf
And RSI showing oversold, something else to temp
https://invst.ly/157upz
And hopefully some good news for the fundamentalist