I’m not surprised that Helios Energy Ltd’s stock is heading towards zero given the ongoing issues:
1.Lack of Detailed Production Data:
Helios has never provided clear daily production rates for their wells. This lack of transparency is highly unusual and makes it difficult to trust their performance claims.
2.Financial Instability:
Cash reserves have dropped from $1.206 million in March 2024 to $464,000 in June 2024. This decline raises serious concerns about their ability to sustain operations without new funding.
3.Operational and Acreage Concerns:
Their leasehold acreage has shrunk from 17,850 to 8,670 gross acres, indicating potential difficulties in maintaining their leases.
4.Poor Communication:
Despite a year of new leadership, there’s been little improvement in transparency and communication with shareholders
I bought in at 10 cents and accepted a loss by exiting at 7, intending to re-enter at a better price. Unfortunately, it looks like those prices are here now, but there’s absolutely no motivation to buy
No wonder they’re struggling to find investors – something they’ve been mentioning in their reports for a while now
Cheers
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Last
1.6¢ |
Change
-0.002(11.1%) |
Mkt cap ! $41.66M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $7.884K | 492.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 300000 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 600000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 300000 | 0.015 |
1 | 250000 | 0.014 |
2 | 538307 | 0.013 |
3 | 309800 | 0.010 |
2 | 66428 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 400000 | 1 |
0.018 | 23944 | 1 |
0.019 | 322615 | 2 |
0.020 | 422697 | 2 |
0.021 | 251930 | 2 |
Last trade - 12.36pm 06/09/2024 (20 minute delay) ? |
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