Many reasons. Buy the rumour sell the news perhaps, people happy with profits made, day traders, swing traders, fear of a capital raise, no real clarity on how things are going to be commercialised.
Its up 950% + in the month. Some tasty profit to be had if you bought in large amounts at the lows, crazy not to take at least some profit even if you are a long termer. People have different strategies.
130000000 more sells than buys today. Which means the MMS can make a killing at some point. They have held the share price down but could fill those shares over night at a price above the market.
Yeah I agree - so many people bought at the rock bottom and are now selling to make that quick profit. In a few days they’ll have forgotten about HE1 and will have moved on to the next.
They’ve mentioned they could have the world’s largest source of helium with their “world class discovery” so with that alone, I feel this could keep on rising.
I did put in £300 last week which i could now sell for a bit of makeshift profit but we shall see what the rest of the week brings us.
Think I plan on keeping mine for a good while yet. There has to be some serious money in this with what they say. I want abit of it. Time will tell an momentum often plays a part but think will hold until 10p.
Current average 1.08
Presumably you make that assumption based on the mid-price the likes of ADVFN or LSE quote. Quite often buys are quoted as sells and vice versa - because the actual buy or sell price isn’t bid/ask.
I agree Monaz. CEO made mention of commercialising the well - if they start barrelling both products, it has got to mean dividends and as a ‘major’ indicated source the wells have got to be in demand.
Still ever hopeful, having started this follow at 12pps
Avg’d down to 2.24pps but a few k in
If they have to issue more shares to fund the extraction, then dilution of our current shares would mean dividends in the fraction of a penny.
We have already been severely diluted.
It’s great news in their discovery dont get me wrong, but HE1 have removed a splinter in a finger by way of removing the entire arm.
I started up at 10-12 then averaged down. Not concerned about lack of progress this morning. With what we believe is on the table /or in the ground it will go at sone point
My average is still 7p. Stopped funding it long ago, too much went in early on, coupled with failures resulting in lost confidence. With 10k invested, I obviously want the very best result. However, I remain the realist. Entirely too many shares in circulation for the sp to ever rise that high again. Unless HE1 becomes the biggest market cap company in the LSE
LSE is entertaining to watch on this one. The meltdowns im seeing over the share price dropping is hilarious. Id love to know the average age of folk on that board .