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This won’t reach 25p but your small % allocated shares might
Wow imagine this reaching 25p
I'm searching for more!
Raj, another shell,apparently with a pile of cash I understand, is RMP,became a shell on 21 july I think.
I agree Justice, although it's Amateur not Amature :-) Sorry I'm such a pedant! :-)
They have already said "there is helium seeping at ground level" They've had years onsite, the geophysics is underway/complete. This is the most exciting project and I'm sure it will soar on admission.
Most of the Mining Company takes ages to start drilling once they are listed, but H-One is taking only a quarter or two as they already spent 5 years on this ground. Now think about what they found and how much it is and what the prices are according to the time scale. Therefore, IPO could/should be over 25p. Just wait and see
“This is a fantastic opportunity for Attis shareholders and new investors coming in. We’re one of the only companies with this size of strategic resource in the world, and we’ll be the only company on AIM in the exciting and expanding helium space,” Helium One’s CEO David Minchin told Energy Voice.
The company received its Tanzania licences in 2015. Since then, the company has collected and reprocessed 1,000 km of original seismic, flown a high gravity seismic survey and carried out a micro and macro analysis of seeps.
The company had planned to list on the Australian stock exchange but then COVID-19 derailed this plan. “In Australia, it’s harder to secure investment in Africa. London is a natural place for our plans and it’s a good place that understands investments in Africa.”
Drill plans
“The listing now is to raise £5 million to mobilise the rotary lie detector,” Minchin said. The company plans to drill in the first or second quarter of 2021.
“It’s great in concept, we just need to make the discoveries. We’ve done all we can now.” The company expects to hold a resource of 138 billion cubic feet at the Rukwa project. “At $280 per mcf, that’s $36 billion.”
Helium One will drill three wells to a maximum depth of 1,200 metres. Each well should take a month to complete and the company is in negotiations with contractors. The company can make savings as a result of the downturn, Minchin noted.
Success at the first wells would see Helium One move into appraisal drilling and 3D seismic, in order to understand trap geology fully. “In 2022, we would be looking for equity for construction and then it would take around a year to build. We could be producing in 2023-24.”
The company would build the $50mn production plant from modular components. The company would export helium as a liquid in an ISO container, via Dar es Salaam.
Support
Tanzania has thrown up some challenges for companies but Minchin was optimistic. “We’ve seen Tanzania turn around in the last six months,” going on to note Barrick Gold’s award of more exploration licences in the country. “Tanzania is open for business and this is the time to be involved.”
The state approved the renewal of Helium One’s exploration licences in September.
Scirocco Energy voiced its support of Helium One’s plans with Attis. Scirocco, formerly known as Solo Oil, has a 12% stake in Helium One. The launch on AIM would cut Scirocco’s stake to 4.6%.
Tom Reynolds, CEO of Scirocco, said the deal with Attis was a positive development for Helium One and set it up to deliver material growth. “The valuation read across highlights the challenging market conditions at this time, but in our view, it’s far more important that we now have exposure to a very exciting story with a listing on a recognised exchange.”
Really great Read, thank you for sharing the link
Great opportunity to get into Helium 1 through the back door! Bought some more am!!
70% return in just over a month of holding isn't bad at all mind
Well technically helium is very very cold! :-) But yeah I agree, this could be one of the most sought after stocks on the LSE. Helium is incredibly precious and ever more in demand, I'm very excited to be part of this!
A 70% return in just over a month of holding isn't bad at all to be fair
Will be a lit of interest in this xmas - helium hot
These RTO (reverse take-over) shells are one hell of a punt - but boy do they fly when there's good news.
Joy.....
So this is another random punt I bought as it was the next cheapest share on LSE after ICON....
Only own 330k shares so really not a lot invested here but lets see where this one goes
I am very very excited about this company and the Helium 1 news. I repeat I am very very excited!
Helium is in critical supply as its use spans from MRI scanners, superconductors and the space age in the form of pressure purging. Think Space X and NASA. But here on terra firma, Helium One has found a supply in the Rukwa project located in south western Tanzania.
The find is globally significant because Rukwa hosts independently verified Best-Estimate Unrisked Prospective Recoverable Helium Resource of 138 Bcf, making this the largest known primary helium resource in the world.
Helium One holds 15 Prospecting Licences covering an area of approximately 3,590 km2 with well-drilling planned for the first or second quarter.
Target 1: 0.04p
Target 2: 0.07p ( Gap Fill)
These are same as ZAK!
big re-rate coming here
Another 100% or so I would imagine.
Let see this continue
I guess everyone knows about Helium one.
Enough said. Well done those that have after last weeks tiny drop.
onwards and upwards
40p i dont think so look at price now i think you putting decimal point in wrong place