Highly speculative when they now have funds through to production ? |
Punted a few here at 15.5p. Abit hindsight but too much going on today.
There is a floor at 15p here now with those buyers backing the fundraise and they might be the one's in the market mopping up the blocks just a smidgeon over 15p so that is the stop level if this doesn't work.
But this looks like the market is backing those cash flow figures.
No idea how that follows through, but there could be some short term momentum here so a highly speculative punt.
All imo
DYOR |
Lord .. Nope I know what you are saying ... they said they wouldn't do a placing and they did a placing. Not sure about funded through to production though even being implied. |
Thomas, yup exactly how I see it. The funding was the only stumbling block to production. Now that has been cleared we should get closer to a truer value but it was definitely held down for placing. |
Looking at the chart it looks like the share price was “walked down” ahead of the placing, this is a common occurrence unfortunately, however should recover from here. |
Lord, I felt his response was fair enough as they explored that avenue and decided shareholders would suffer worse dilution.
The funding issue was never fully answered as to how long it would last and now we know. They wanted £4m minimum and decided on £5m giving a 25% dilution.
The issue of funding has now gone and Rudyard can move towards production but there is still a question hanging over Ingomar as far as their plans and timeline.
HC |
hooded claw - like you, I "can see 15p as bottom".
However, despite the placing sounding preferable to debt finance, it does further undermine Director credibility. Particularly Minchin's, who denied the need for a placing, despite simultaneously exploring - and subsequently opting - for one.
If the share price does drift lower in the weeks ahead, to my mind that'll be why. |
Haven't taken part in the placing as happy to be holding a small position here having sold most of my shares in the 20's.Hex has done pretty well from the 10p ipo in April last year.Good raise imo. |
I’m fairly confident we’ll see a drift down to the 13p levels.
==================
We'll see. It only dropped this low on funding issues and now they are sorted for the year I can see 15p as bottom. |
CRIKEY
£5 million raised in less than 15 minutes means HEX is fully funded for 2025 operations and with initial production due in less than a year from listing all but guaranteed it is definitely looking a lot rosier now
here comes the sun !!
STRONG BUY !! |
Right on cue, I seem to have my answer. 25% dilution. The cash raise is now out in the open which is a good thing but with a lack of news on the cards over the next few weeks I’m fairly confident we’ll see a drift down to the 13p levels.
Good luck however you call it. |
Fully funded to production and only a 25% dilution from original shares in issue at IPO |
So some of placing money going to used to sort ingamar out . Acid or fracking. It mentions using capital to across it other projects and general working requirements. Rembrandt ingamar is the flagship ! |
RNS out. Equity raise |
Round, you were not correct. Placing was at 15p. That's the reason for the share price action it seems. |
The raise to fund Capex, given the aeon reserve and economic estimates, looks the right move at this time. Debt finance is pretty brutal at the moment (everywhere) and I guess if they can get anywhere near those annual revenue figures, it's a different company altogether."We are delighted to announce updated reserves and economic forecasts for Rudyard Project which demonstrate the potential to generate free cash flow of $15 - $25 million per year post-tax and post-royalty"They need to drill drill drill now....Cash |
This looks like an interesting company but I read they raised circa £7m when they listed which would keep them afloat for approx 9 months which is basically where we are now. Another placing must be imminent and I’d imagine around the 12p mark. If I’m correct we’ll see the share price drift to 13p levels.
Views welcome and no deramp intended. I just can’t get much info on their cash position.
Many thanks. |
Dream, which is all good if HEX prove they have what they think they have in Clink 1.
At the moment the share price seems to be heading for a double bottom at 13.75p |
Think of it this way: We could spend time and resources developing complex and costly technologies, or we could tap into a readily available green alternative right beneath our feet. |
Thanks dreamtwister, good numbers there! |
printed today 16/01/2025
Rudyard has an estimated in-situ value exceeding $250m at a helium price of $550 Mcf.
the Company’s next drilling location to be called Huntley #1. The Company intends to drill up to five production wells on the Rudyard structure in 2025, enhancing helium production and revenue from the Xebec processing plant. |
Thanks, HC. I thought DM came across very well, sincere not too excited. Let's hope he stays calm, and we really do hear about the impending stimulation very soon. |
New interview added to thread above with RNS line |
True to an extent , but the market simply isn't backing them. Not mentioning cash and finance position , noting it's an operational update , is just fuelling the fearmongers and the discounted placing rumbles. |
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