George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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.
Rock solid bid hopefully a flurry of buys at 1.40 soon
MM trying to get some momentum going, but the small buys are just that. Although it is encouraging to see buys come in.
Dry your eyes Alan you big Jessie
1.3855-1.3975 a gnats even
The real spread is tighter than a nuns 😊
Absolutely, it’s a finely balanced relationship. TZ needs foreign investment to deliver its economic growth ambitions, and mining/O&G is a large part of that, but it exercises a tight regulatory regime on that investment (with a high emphasis on establishing locally based companies, creating local employment, and delivering local tax/fee income). That’s also why HE1 operates through HE1 (Eyasi) and EAH etc
Just a few more of the derampers to get here and we will have a full house. What sad cases they are.
Same reason as the rampers I’d imagine 🙄
I'm here for black pudding
Must be a blue day on the horizon for HE1.
The shorters, pessimists and cross-rampers have already started wading in!
Just question yourself - why are they here!
DYOR and GLA
A flava of things to come.
Actually the Tanzanian Govt has a huge problem with foreign currency and particularly with US Dollars - most Natural Gas producers are currently having to accept payment in Tanzanian Shillings, which are virtually impossible to convert into $'s. Suppliers of services, equipment and infrastructure require payment in $'s.
For new and potential investors: Read this!
If anyone wants to make serious money, then just buy and hold for the upcoming JV news.
The company is working closely with the government and Mining Commission to advance the project and moving toward commercialization.
Helium discovery in Tanzania: Helium One Global discovered a 4.7% helium concentration in the Rukwa Rift Basin, marking a significant breakthrough. This concentration is nearly 9,000 times above background levels.
➡️ Economic potential:
This discovery could position Tanzania as a major helium supplier, joining the few countries currently dominating the market. Helium is crucial for various applications, including medical equipment, electronics, and space exploration.
➡️ Helium One Global holds prospecting licences totalling more than 2,965 Kilometres Square across three distinct project areas which are Rukwa, Balangida, and Eyasi located within rift basins in the north and south-west of Tanzania.
➡️ The Company’s flagship Rukwa Project is located within the Rukwa Rift Basin covering 1,900 kilometre square in the south-west.
➡️ Today, helium is pro- duced primarily in just four countries including in the United States of America (USA), Qatar, Algeria and Russia, whereby limited number of suppliers result into an increase in demand and its price worldwide.
➡️ According to the African Union report, the continent has 30 per cent of the world’s mineral reserves with 91 per cent of platinum and hence it is up to all countries to harness the resource for the continent’s socioeco nomic transformation.
➡️ Government support:
The Tanzanian government is committed to supporting exploration for critical minerals like helium, which aligns with their clean energy transition goals.
➡️ Investment opportunities:
The discovery opens investment opportunities for establishing processing facilities and manufacturing industries using helium in Tanzania.
Key points:
🟢 This discovery could significantly impact the global helium market.
🟢 Tanzania has the potential to become a major helium supplier.
🟢 Further exploration and development are needed to assess the full potential of the reserves.
🟢 The government and private sector are collaborating to exploit this resource responsibly.
Tav - Tanzania is promoting itself to the world in order to attract miners into exploring for their minerals, therefore is likely to offer inducements and very favourable terms. HE1 is a major player in this.
Slacker - The Tanzanian government has deep pockets and could become a strategic partner and a source of finance for HE1.
Slacker the Tanzania government can let others invest and once it is in production tax the company as they see fit - much like UK governemnt does to north sea , where in our case the industry offers such poor returns it is dying - but that is another story.
Your complete lack of knowledge shows no boundaries. if you have heard of google then perhaps use it to search the internet for such information. hopefully that might tie you up for a while (a good while hopefully)
Sub contractors!!!
And I imagine Tanzania govetment have deeper pockets than he1 who rely on Private nvestor handouts!
No knowledge and skill set and lack of funding available to do what HE1 are doing for starters .
Because as many undeveloped and now developed countries globally have previously realised they need the support of foreign expertise and investment. Should they 'keep it for themselves' for such a globally significant find as HE1 every prospecting mining company, their investment and expertise would prospect elsewhere - a complete business marketing disaster for Tanzania ...
Why don't the Tanzanian goverment keep discovered helium for themselves or what will hr yhe cost of yhd mining licensing?????
Liked by Lorna
https://www.linkedin.com/feed/update/urn:li:activity:7183127493338415104/
There are two angles to consider, (a) the reallocation of forfeited prospecting licences, (b) the conversion of existing prospecting licenses into ‘mining’ licences (i.e. production licences). From the wording of the RNS, I assumed they were there to keep relations warm in preparation for expediting the latter, as that will be pre-requisite to getting anything commercial out of the ground, and delay would be path critical.
Closer to 1p not 2p!!
It's this price for a reason!!!!
Correction - the shorters present us with