London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hi all, been following this chat for a few weeks now with interest. Full disclosure, i am not invested here. Although the excitement is great here, there is some caution needed. Bear in mind Attis shares only make up 15% of Helium Ones new shares allocation. There is still about 3 years before production, and there will probably be more drills to be done - which means more capital raising via share placing. Also i can see a farm out happening if a plant needs to built. ATB, still a very exciting company.
One of the presentations mentioned that any cost for Infrastructure would come from loans rather than placings. If we need a plant built, that will only happen once the resource is proven. That itself will have a huge impact on the SP and Valuation. The plant is also cheaper as we only need to remove nitrogen, rather than extracting the Helium from gas and crude oil.
Not sure how long before production will take place, but as Helium has been escaping since the 50's and still going, I will be happy to wait if they can prove the site.
"Attis shares only = 15%"....irrelevant.
"3 years before production"....inaccurate. It could happen faster than that.
"probably more drills to be done." maybe, but your guess isn't worth much.
"more capital raising via share placement" Not if the first drills hit. Let us get the ipo off before you try to worry us about something years down the track, if ever.
"farm out if plant needs to be built"...have you even read the presentation? They plan to fund (relatively tiny) capex through offtake agreements, which is a very realistic scenario.
"ATB"...you sure?
FatherTedFeck, you easily dismiss my guess, but your own guess that production could happen faster is accurate? Reading this board, some people think Attis shares worth 0.0255 so Helium 1 will open at 236 times this is misleading because like i said, Attis shares only make up 15% of Helium 1 share allocation. Loans will need to be paid, so will depend on the terms, however without any income, they will be paid via placing in my opinion. Finally, yes definitely ATB because....why not? I dont think negative about people i dont know.
Read the Rns it states the closing price last night determins the helium one opening price x236 so 6.11p
@SUEY77
The number of shares is based on the terms of one new Helium
One Global share for every 236 Attis Oil and Gas shares.
Please also note in order to retain market cap neutrality for
the event, the price being used for the addition of Helium One
Global will be adjusted based on the last traded price for Attis Oil and Gas
They have already more cash than they need for the initial drills. Any further raise if required will be on the back of a resource upgrade and rising share price.
15% is irrelevant. This is the current trading price of helium one ... best indicator of what the market is prepared to pay
Bang on the nose mate MMs will use this and maybe even gap it up
If I'm wrong, then my bad. I must have misunderstood the presentation and shareholder document. I'll put it down to part of a learning curve for me. Not long to wait.