It’s certainly been a hard watch today. I skimmed off what I put in 2 days ago so everything is profit but not nice seeing it that far in the red in one day. Sitting double guessing myself. Stick or twist that’s the problem with AIM it is a gamble. Good luck to those who win. Those who lose I hope you aren’t playing with money you can’t afford.
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Yes Aim is a massive gamble, all agree, but you cant disagree that HE1 have done their job here & more?
We don’t know if it’s a raise, JV , buy out or any other culmination of events … but the fact remains … they found what we invested in them for.
I didn’t invest for them to be the world leading commercial helium supplier … I invested in them to become the finder of such supply.
They have done it.
I’m happy to ignore the noise and ride the peaks & troughs… I’m an investor, not a trader.
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Let’s not forget that the most recent dilution was an absolute shit show though (to go with all the other ones). Just because they’ve had a bit of luck doesn’t give me any more confidence that they actually know how to run and operate the company well.
Plus they are absolutely going to need to raise more cash, and they have set a worrying precedent regarding the terms that potential new investors may be able to secure. Although admittedly they may not have given themselves many other options last time, but that also indicates bad management.
Obviously I hope this works out well, but I have recently sold some of my shares and expect the SP will probably drift down until we get more news of what happens next.
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I totally agree - investors got royally shafted on the last fund raise … we still don’t know the reason behind that low placement - hope we do in due course.
But it was held low to 0.018 for averaging down.
Now, not going to say oh you should have averaged down, you missed the boat etc…
But I did … and it worked out for me.
Futures raise for sure if they go down the production route. I’m holding out for a buy out 
Surely the answer is that HE1 needed the cash investment to carry on operations…the reason for the low price is that is whatever anyone would give them.
The fact that they have found helium doesn’t make them a good investment per se. That depends on how many shares they have issued, ability to exploit their find either through sales, investment etc etc.
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Yeah I agree. The issue is the companies management and handling of the cash and exploration process. Competent management shouldn’t have gotten to a place where raising at such a steep discount became the only option. That wasn’t inevitable, it was the culmination of a series of poor decisions (and some bad luck).
I did manage to almost 5x my shareholding at nearly the bottom, but I almost didn’t bother. It came down to the fact is was soo cheap to do so that it was worth the gamble. Obviously it worked out well this time around. I’ve already taken all the extra cash I put in back out plus a bit. Now it’s a case of me trying to unwind my position in the best way.
HE1 going to be a money pit from here on in IMO. (Which is obviously true of all explorers / juniors, but I just don’t trust them to manage the process)
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Company raises £4.7 million via a company led placing
Helium One Global (AIM: HE1), the primary helium explorer in Tanzania, announces that it has raised £4.7 million (approximately $5.92 million), before expenses, through a company led placing of 313,333,333 new ordinary shares (the “Placing Shares”) at a price of 1.5p per share (the “Placing Price”) (together the “Placing”).
Looks like we can expect a drop in the share price this morning.
A placing was inevitable, but why so heavily discounted yet again? 3.7 billion shares now out there, making my 150k shares worth as much as their boards shirt buttons.
Just sold my holdings at 1.90 and set up a limit buy to rebuy when it hits 1.80 for the same amount of money. Should gain another 5,000 or so shares in the process.
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In fairness 300 odd million shares at 1.5p shows the board had better leverage in this case, compared to that previous capital raise, but has just knocked upwards of £17m off the £73m market cap from yesterday.
That worked pretty well. Gained about 4,000 shares. Skewed what Freetrade now thinks of as my profit from the share but that doesn’t bother me. When it goes back up the profit will only rise quicker.
Don’t we lost money every time we make a trade from Freetrade hidden commis?
Also, off topic, but I made an order on the UK exchange this morning, but it still hasn’t gone through. The app is saying 10 am?? That’s no good to anyone is it? The share in question opened at .15 and is now at .19 and rising. So does anyone else know a better platform to trade on please? I only used Freetrade as I heard about it on the radio in lockdown lol.
Do it instantly at 8 then queued order execute from 10am onwards
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There is no hidden commission, no idea where you have got that idea from.
As for your other query, orders set outside of market opening times for UK stocks will executed at 10am. You can cancel the queued order and resubmit if you don’t want to wait.
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Not sure but based on the volume I bought/sold I definitely gained. I sold 80,000 for £1,500, and bought back 84,500 for £1,500 so no money lost, just extra shares gained.
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Looking at the price now I regret not setting the limit buy lower but didn’t want to risk it rising again before the limit executed.
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Nice work
There is no hidden commission, but there is a bid/ask spread so if you bought and sold at the same price you would lose a bit on the spread. So it’s not worth doing for very small moves in share price
Wonder if it’s worth doing again… it’s just slowly dropping right now. I’m so annoyed with myself today. It hit a high the other day, I didn’t pull any money out and I could’ve drawn a few £thousand out and bought back today 
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