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Well done to whoever sold 1.75m at 7p+ before close on the 29th !! Hmmm.
Could this new ‘news’ explain why the recent placing wasn’t priced higher as was expected and discussed here at the time ? Even so, if I were an institutional investor and had just shored up the placing I would not be happy this morning, price is definitely been held up by the mm.
There won’t be any rig soon, DM is many things, a magician is not one of them. As previously posted, any rig worth having will now cost considerably more, supply and demand and any rig supplier will take advantage of HE1s precarious position. An unsuitable rig would be worse than no rig.
Cash in the bank will soon be burnt through again. I can see resignations / incompetence inquiries and sackings and 3p by Easter. Only a few here seem to be properly aware of the companies complete history, the sooner realism is grasped and a strong competent leader is hired the better, all the new staff brought in after Tai1 should be released, they are not required at this time .
Happy New Ywar Dai, good luck & good health
This is exactly the scenario which was examined here before when HE1 said they would be doing multiple shallow drills from mini rigs on the back of trucks, after the Tai F up, all that talk vanished into the haze without any explanation, like so much DM speaks about. The idea behind the big rig is to hit the reservoir which should be at significant enough pressure to be flowed, if it’s there.
Wow Someone’s already trousered $2.45m ? lol, shock horror would never have guessed !!!
@dai, very true
Lat yes, 100k shares at 20p ish, it is what it is, **** or bust i shant be selling, equally I shan’t be buying more even though the possibility is and has been tempting to massively average down, I’ve mentally written it off now, just dislike DMs dishonesty, intentional or other.
Lat, personally I think the ducks have been lined up for so long now and in so many different scenarios that they are probably now dead extinct ex-ducks. Sadly. Amazed anyone is still trying to champion DM too, very easy to know when he’s lying, as has been said more than once before, his lips move. Muscles will be doing a Cheshire Cat impersonation somewhere at this weeks events.
Dai, I think we will see 5p between Christmas and first fortnight of 2023.
Sash, I have thought for ages if it was so nailed on why hasn’t anyone connected with Mitchell’s and the whole last drill crew been buying up every available share. Long term investor but even I have to admit now this stinks of just jobs for the boys. Be fair if someone said to you ‘Listen (2D modelling expert person) you can keep your £100k job for another year, but you have to buy £5k of shares, who would say no ? . My instincts here since the first drill debacle have been pretty right, now they are telling me this next drill sadly won’t be what we want, shares will drop to virtually worthless, DM will be sacked, new COO brought in, new hope new narrative about this amazing opportunity, rinse and repeat, guess there’s also opportunity for others to run similar schemes in the area. Only my opinion.
Amstrad was great back then, could buy and sell it twice a year with a 50p profit Best days work AMS ever did managing to offload that to Sky.
@Dai, hahaha well best not to rush these things, probably the printer is waiting for a new ink cartridge and it’s coming from Germany and held up with Wrong paperwork supplied post brexit by the supplier.
Agree Dai. But just to add, given the time frames we had, what kind of chimp (or chump) Spends $$$ making good a tool, without been 100% sure they can export it ? Surely you get everything put in place for export before you go to the time and expense of the repairing something you ultimately may not be able to use !! Just a continuation of DM saga, he should team up with Liz Truss, seem to have the same level of competence.
Sash, nailed it :-)
That’s what happens when trust breaks down i am afraid.
My opinion is HE1 is quite a niche stock and will stay that way until mainstream media can report a discovery, if that happens everything changes. The problem it has is because of the amount if b@llox DM has spun in the last 2 years and the constant repetitive missing of time tables, anyone who was interested in the project knows the BS inside out now and have no confidence to invest further I would say at almost any price, unfortunately the BOD have got themselves caught into a downward confidence spin which is going to need concrete positive news to break out of. Helium Ventures recent statement summed up the position exactly IMO, there is nothing here to invest in at this time.
@Dai , Yup, personally became tired of the lies and misinformation some time ago, last weeks sudden price movements are not unconnected to this RNS either, and relinquishing licenses is akin to a sovereign state selling off its gold reserves, they are the only tangible assets they have. Also surprised at Ian if he is as serious a character as is implied for letting this get this far down the line with little prospect of the SP improving and not doing the necessary raise. All very strange !
Hi Dai, it’s what you do when you’re skint but don’t want to admit the games up ;-)
Persian, I would agree, and add to your comment “Market knows exactly what's going on” - and Helium 1 knows exactly what’s going on - which I get the impression isn’t the case now,
For once fix a timetable you can stick to, then PLEASE stick to it !!!
Good post void , have a good long weekend
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