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@ DirtyDozen13
Are you still going to the investor meets people meeting tomorrow or Tuesday?
If so, you have my full backing on more digging, although we don't want you coming back with any onions or bananas.
In the short term we might get some feedback, maybe from He1 on Twitter wether the meetings were a success.
Onwards and upwards.
A big week hopefully but one thing is for sure, the news will only come out when they are ready to share the news.
Will be interesting to see what comes out of the investor meets people meetings due tomorrow and Tuesday.
Onwards and Upwards.
in on the Lake Bed and Karoo area of interest you get this
https://www.flickr.com/photos/194934344@N06/52090785314/in/dateposted-public/
which shows the N/S fault line coming up from the bottom of the picture (a bit faint), the blue splodge surface helium anomaly as helium escapes to the atmosphere, and the Karoo and Lake Bed area of interest, with Ivuna 1 1987 to the north west.
If the fault line continues into the area of interest then this is what we could be seeing (taken from Admission Document -
https://www.flickr.com/photos/194934344@N06/51881321343/in/dateposted-public/
If Tai contains trapped helium then there is a good chance this area does too.
Chopped off the bottom of my post
"centred around the Tai area."
Hope this gives some context to all the maps with which we are provided, as it is difficult to get context as to how they all relate to each other when they are just published individually in the presentation. There are a few other maps on my photostream with varying degrees of opaqueness, so some features are easier to see on them than others, if people wish to look.
Hope it helps.
Fingers crossed for next week.
It could be a big week - we will have to see.
Just been messing about with a few maps, trying to add a bit of context from what we see in the various presentations.
It seems to me that the most important maps with which we are presented are the MSS map from the January 2021 share price "spike", here
https://www.flickr.com/photos/194934344@N06/51870082498/in/dateposted-public/
and three maps from the March 2022 presentations showing the areas of interest from the 2nd phase 2D seismic
https://www.flickr.com/photos/194934344@N06/52056454204/in/dateposted-public/
the helium anomalies around this region
https://www.flickr.com/photos/194934344@N06/52090941475/in/dateposted-public/
and the fault lines that underpin the geology
https://www.flickr.com/photos/194934344@N06/52076987367/in/dateposted-public/
But how do all these various maps relate to each other, because no real context is ever provided?
Well, by overlaying the various seismic lines on the 2D surveys you get this (which I've previously shown)
https://www.flickr.com/photos/194934344@N06/52090459498/in/dateposted-public/
which shows Tai-1, Itumbula, the 2021 seismic in yellow, the 2022 seismic in red and the areas of interest blue/green stars and surface helium anomalies - blue "sploges".
Add in the geology and MSS map and you get this -
https://www.flickr.com/photos/194934344@N06/52090717599/in/dateposted-public/
I had earlier speculated that He1 were interested in what I called Noble area 6 and Itumbula where helium escapes to the surface in quantity - but no seismic has been done over those areas. The seismic is concentrated around Tai and an area several km to the NE over the Itumbula high, as are the other surveys that have been revealed.
The extent of the Tai prospect (outline in blue) is also revealed, we were previously told it was around 2km wide and 5km N-S.
It is bounded by faults to the south and west (which they obviously hope traps the helium) and the western fault runs north up to another area with helium anomalies and areas of interest just outside and the the N of the fault map. This area is only a couple of km S of Ivuna-1 drilled in 1987 so they will have some idea of the geology there. Possible further drilling location similar to Tai?
DM mentioned drilling to 2500M, but the basement at Tai is only 1200M. The March 2022 presentation did not have a vertical scale for the picture on p11 showing the X section of the area A-A', just N of the fault map, but the basement looks deeper here than at Tai.
I guess drilling here, and maybe a single further well at Tai would make sense as it is on the same fault line, around 6km N of Tai-1, has again helium surface anomalies, close to roads, would be fairly easy to move between Tai and this area, and would target both the Karoo and Lake Beds.
Of course we only know what they tell us , but all the maps and information disclosed do still seem to be centred around the Tai ar
@Micru It appears M Williams, MIDAK was responsible for managing the drilling, sourcing, design.....
Now he is part of the team..
“Midak has been our contracted engineer working on the design of the drill holes, particularly with sourcing equipment and liaising with subcontractors, and I’m really pleased to have them in our team,” Minchin says. “They have developed an innovative approach to combining oil and gas technology to the low-cost, slimline, mineral-rig exploration drilling, with designs that not only bring down costs but also reduce risk.”
https://www.businessfocusmagazine.com/2021/09/20/helium-one-helium-rising/
I’m sorry but what an uninformed opinion to be touting - fed up of the DM slander. The worst part is I know how fickle these boards are, everyone will forget the DM hate the second the drill news comes through…
It is exceedingly common for board members of junior miners to hold roles on 2 and sometimes up to ~5 companies at any one time. Many have done similar and matured several medium-big projects at once.
This would also add an additional explanation for the delay on any announcements. Perhaps IS is thinking - get the drilling contracts in place, but then get someone else in who can see it through to success, and then has the chops to lead the company to maturity. Assuming, of course, there are the right people available. If IS could reasonably distance himself from the first failure, watching DM fail for the second time on land that's just seeping with helium will now be on him more so than on DM.
IMO, the man is on his way out regardless. If the ambition really is to develop this company into a major market player, why would you possibly take on a non-executive appointment elsewhere? Shouldn't your focus 100% be on this venture and this venture alone? Is the company really in a place where you can put your feet up, coast, and take on additional appointments?
If DM has nothing to report this week other than we are looking at securing a rig for drilling this year then the shares are likely to be weak. Missed targets not great hence why some scepticism creeping in and the price retreating.
DM - it’s up to you now as reaching a critical point of confidence.