Georgina Energy Share Discussion Threads

[bad gateway] 30/12/2024 15:11

With the share price action since the "warrants exercised" RNS are we sure ALPHA FUND hasn't already shorted them all already and only needs to deliver them to the counterparty in Jan?

[sandcrab2] 30/12/2024 14:54

Price plunges further towards the Abyss

As the massive January dilution approaches

With results not due until March/ April

[crankylad] 30/12/2024 14:23

5p incoming... YEAH BABY!!

[kingston78] 30/12/2024 11:51

Some existing former shareholders have sold some or all of their holdings. The sooner that they sell out at the current depressed share price the better it is for longer term holders. This is because as soon as excellent news hit the market buyers will outweigh sellers, and the share price will rise significantly.

[idriveajag] 30/12/2024 11:23

DEMIRS reopens on Friday 3rd January. Final approval takes 10 to 15 days.Get in now imo.

[neilll77] 30/12/2024 10:19

The Company has received notice from CSS ALPHA FUND AIFLNP V.C.I.C. LTD ("CSS Alpha") to exercise 6,358,848 warrants for nil consideration following the recent resource upgrade reported on 17 October 2024 being a condition of their issue. The terms of the warrants were further detailed in the Company Prospectus dated 11 July 2024.

The Warrants were originally issued to CSS Alpha for providing an extension to a bridging loan in the 2024 financial year. Upon conversion, the shares are subject to a lock-in until January 2025"

How and why did Hamilton agree to these being able to be sold from 1st January when we don't even have a permit, let alone a drill.. they should have been from March

[stockriser] 30/12/2024 10:05

IG - "S2 GEX announce Helium find share price falls due to various reasons (funding, sell on news, impatient traders)"

But where will it fall from - certainly not these weeny prices.

GL SR

[idriveajag] 30/12/2024 09:23

Re-entry in January.Low risk, high reward.GEX next 10x bagger imo.

[determined] 30/12/2024 09:21

China,

Why would either bother you?

If GEX make a significant discovery the share price of your shares will increase in line with the news, so why should you be worried if he's shorting or looking to buy in cheaper?

If you hold, the value of your shares will reflect company news, not someone's posts on a bulletin board.

[idriveajag] 30/12/2024 08:10

GEX next 10x bagger imo.

[chinahere] 29/12/2024 21:05

You must be shorting IndianGod - or looking for a cheap entry?

[indiangod] 29/12/2024 18:26

Hex found commercial Helium and their share price pulled back on the news.

Here are 2 scenarios:

S1 GEX duster the share price tanks
S2 GEX announce Helium find share price falls due to various reasons (funding, sell on news, impatient traders)

[chinahere] 29/12/2024 12:07

Central Petroleum hasn't got much more of a market cap. than GEX and it looks to have a similar Helium and Hydrogen prospect to Hussar in its Amadeus Basin Dukas 2.

I'm hoping it will be the Officer Basin (Hussar) that will be THE basin for this.

Still, I like the look of Central Petroleum as they are more established and everything is nearer to pipelines in the Amadeus Basin.

[indiangod] 29/12/2024 11:44

Farm in refer to own assets.
Meaning they need cash and technical assistance to move the project forward.
Not a good sign neither.

[purple11] 29/12/2024 06:48

zodiac
stop talking absolute rubbish

[jungmana] 29/12/2024 00:56

The farmins referred to there are additional projects on top of current ones Hussar and Mt Winter.I believe it is central Petroleum whose licenses GEX wants to farm into.

[stockriser] 29/12/2024 00:38

Really is a no brainer here ...... HE1x10 from this current SP

GLA SR

[stockriser] 29/12/2024 00:36

Zodiac266 - look to the future please as that quote you have posted above is from 2020 - also you should realise that Georgina is already in 'AGREED' negotions with locals ..... see below RNS from 11th Dec 2024
-------------------------------------------------------------
Georgina, through its wholly owned subsidiary, Westmarket Oil & Gas Pty Ltd ("Westmarket"), has received formal written notification from the CLC that the Traditional Owners have approved and instructed the CLC to commence negotiations on the terms of an Aboriginal Land Rights Act NT (1976) ("ALRA") agreement to grant Georgina's selected priority area of EPA 155 which includes the proposed Mt Winter 1 re-entry well.

The Central Land Council (CLC) have notified the Northern Territory Minister for Mining and Energy and the Commonwealth Minister for Indigenous Australians of their decision.

The granting of EPA155 is subject to the formality of ratification of the forthcoming ALRA agreement by the Minister for the Department of Mining and Energy, the Hon. Gerard Maley.

[zodiac266] 29/12/2024 00:14

Mining companies told to 'wake up' or risk relationship with shareholders in wake of JuukanDoes this affect GEX?

[stockriser] 28/12/2024 23:51

But then again, from VOX Markets 20th Dec ......

"Subject to successful binding farm-ins, these additional targets will become priority areas following completion of work at Hussar and Mt Winter."

Looks to me that they are expecting outstanding success at Hussar & Mt Winter to allow them to finance farm-in agreements elsewhere.

GLA SR

[stockriser] 28/12/2024 23:43

From VOX Markets - 6th Nov 2024

Sound to me that they are referring to their own assets!

"Georgina continues to reprocess and remap 2D seismic data in line with its farm-in obligations."

[indiangod] 28/12/2024 23:19

Even worse. Why would they be looking at other prospects when if they are sitting on Helium worth billions? Not a good sign.

[bad gateway] 28/12/2024 21:39

Have they confirmed that the farm in agreements are their plays/potential targets being farmed into not them farming into other players helium prospective wells?
Ask as the original RNS dated 29/08/2024 stated they were
" evaluating potential additional well re-entry targets within the Centralian Superbasin, including the Amadeus and Officer Basins, covering 2 million km² of Neoproterozoic to Cambrian sediments, with potential to recover material volumes of helium, hydrogen and natural gas."

So far as I'm aware they only have the Amadeus and Officer Basin?? so if they're looking outside of this area are they the ones looking to farm in?

[indiangod] 28/12/2024 18:40

Asking farm in in the open is saying they need a bigger player to help them, with cash and technicals. No farm in no succeed.

[kingston78] 28/12/2024 13:17

Once farm-in agreements are reached and signed the share price will jump. Once offtakes agreements are signed, the share price will propel higher. No time is being wasted before drilling commences.