Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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today at 14.30 by investormeetcompany.com by the CEO of Helium1
Forget the vote. It is a done deal.
I see some buys are not showing up I topped up with 8000000 which is not showing
I definitely don't understand market forces. Some huge buys going in and the price keeps dropping without anyone selling.
It's voodoo I tells ya.
I believe 75% of the votes cast is required. I don't know of any shareholders that have enough votes to stop it on their own. I doubt there are any alternatives either and we are on a ticking clock as a cash shell.
Still not got anything from my broker yet, but not too worried.
I think they would need more than 50% to stop it.
Shareholders here have to approve it first, not that I think there is any doubt the resolutions will be passed Quantum, but as you say the 25th is all systems go date.
Deal is done post EGM resolutions pass.
Would be good if post IPO that those who pledged the other £2.5 million but could not get the placing shares buy on the open market.
https://twitter.com/Heliumone1/status/1328755554995539972
.We have seen significant appetite to be part of the Helium One story with investor demand of over £8.5m. The £6 million raised in the Placing will provide us with sufficient capital to ensure delivery of our aggressive drilling programme...”
CEO, David Minchin
Although 2.84p is the price we get for our shares, we don't know what the opening price will be. I haven't seen any other Helium projects I can invest in that are ready to drill or extract. Part of it will be speculation, but the size of the potential resource is massive.
They still need to prove the resource and have no income. If the resource is there (part of which has been independently tested), that is approx $250 per Mcf (thousand cubic feet). For a resource of potentially 138Bcf (Billion cubic feet).
Most helium is a byproduct of gas and oil extraction. With global warming and the move away from fossil fuels, overall supply will reduce, so this could have price increases still to come. The Tanzania resource gases are hydrocarbon-free and contain as much as 10% helium. By comparison, US natural gas formations from where it is extracted is roughly 0.3%.
Lots to confirm and prove, but with drilling ready in the next half year, there will be lots of people willing to take a risk. I agree that it is a risk. But also in the last 12 months the price of Helium has increased over 125% and the share price of American companies involved with Helium have increased hundreds of %
If you think the market will ignore this, then you should not invest at the current price. We don't know what the opening price will be but I believe there will be demand for a Helium share. Even one that needs to get drilling asap.
Don't forget that it is the shares you hold at close of business on 1st December that get converted. With the EGM on the 25th, I personally wouldn't try to buy or sell any after the 24th.
Just my 2.84p worth. GLA
Indeed. Just trying to work out if better to buy AOGL at current level or post takeover.
Wes Sam, there are too many looking for negatives, you'll never convince them.
British Mike, Helium is seeping out of the ground, when water seeps out you know there's more underneath, use a bit of common sence.
Need a spud date asap post IPO...
Just had the corporate action event come up on AJ Bell, the link to the resolutions doesn't work and says must reply by 17th November. Assume I'm voting for everything...
PRE 4.5 bagged within a few months of listing... never stopped it dropping straight after IPO.
Helium One has nothing until drilled so wouldn't get too excited.
Like I said, holders in AOGL before this takeover news are ok. Not so much current levels imo
When you think about it, no one will be selling at the listing price, so that will lead to a very strong buying pressure. You do the maths.
Because it would be almost impossible to get an order filled at that price, good luck with that. There are probably thousands of people thinking the same thing, and that demand could drive the price multitudes higher than it is now.
My maths isn't great so correct me if I'm wrong. Why would anyone buy in AOGL at the current sp? After conversion for new listing and the new market cap listing at 2.84p/ share you get twice as many shares once listed rather than now.
If you bought AOGL before the rise (0.01/share) then the coversion is about equal.
Can you see big buyers loading up?
Rob, read the RNS's, it's all in there. What you need to know is all available, you just have to look for it,I'm sorry, but it's not fkin rocket science.
I am sorry for being so ignorant but when Attis amalgamates with Helium One what exactly is going to happen? I believe Helium One is going to be admitted to AIM but do we carry on as two seperate Companies? What about the Amalgamation and how does that effect us? Again i apologise for being so ignorant but I would appreciate it if someone could enlighten me. Thank you
As we can pick up cheaper shares and more of them....make sense lol
The lower the Attis price is the better for us to buy in once Helium lists.....so if it drops to 0.012 or lower it suits existing share holders of Attis!!!
Thanks Would you have to have owned before a certain date
Fair point ??
Hope for 5.5p at least break even for me.
10p plus would be great.