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So CrustyPete what you saying is that you reckon that a warning shot to bigger players as they hover around Noble and HE1 looking to take them both out - "thats possible, but you must show prove of benefit for Tanzania and a Clear Associated Roadmap"
I think that means that, irrespective of your size (small companies excepted) any company that applies for a mining license will be expected to articulate a route to market and fund the development of any assets they are looking to mine and demonstrate how Tanzania and its population will benefit from that development - even if that means re-investing the proceeds into the Tanzanian economy.
I am not sure that this would apply to a company the size of He1 or NHE as it is difficult to see how they would qualify as a "medium to large scale operations" by anyone's judgement. Their lack of scale determines their need to keep running cap in hand to the market for funding at every and any turn..... It surely hardly breeds confidence on the part of the Tanzanian authorities that they will be able to complete on the development without continued bailing out and, probably, an eventual sale; or "cornerstone investor". RJ, CP - ring a bell?
Https://www.linkedin.com/feed/
they are clearly very pleased with departmental on goings
Regarding statements below could it be interpreted as they wouldnt go down the HE1 and Noble route again given the struggles and slow pace for small time outfits? I would be keen to read other people's interpretation and context of these statements.
“With immediate effect, we will no longer issue mining licences and special mining licences for medium and large-scale operations involving all minerals, including strategic and essential minerals, to any investor who does not have a comprehensive plan to add value to minerals in our country,”
“The aim is to ensure that our country benefits from the abundant mineral resources we are blessed with.”
EMS is calculated quarterly and is based on 2.5 per cent of the security's average daily turnover in the preceding year.
I can only assume it has pushed up because of the amount of trades over last 3 months
Yes I know what EMS is, does anyone know why it’s doubled ovenight?
Seems a long way off in these markets at the moment. The rains have been heavy, we have no sense of any issues they may have caused. I think we are weeks away from any significant news, maybe summer when rains are done and work can begin in earnest.
Sorry - wrong TLA
Exchange Market Size is the number of shares market makers are compelled to trade at the price they are currently offering.
Crypt; EMS is Exchange Market Size, not Estimated Market Size…
anyone have an explanation?
This is good news
The Estimated Market Size or likely revenue has doubled.
DYOR and GLA
Does anyone know why the EMS has gone from 100k to 200k this morning?
Hmmm
1.341-1.335 thats tight
Is going for a record number of incorrect guesses . good luck
Agree AKA niel777
And confirmation that HE1 were invited
https://www.linkedin.com/company/wizara-ya-madini-tanzania/
Aka Neil
I was expecting Pubcrawl to also be in the picture with Lorna 😂😂😂
Nice picture of Lorna
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.linkedin.com/posts/helium-one_he1-activity-7183717375010033664-Qc6u&ved=2ahUKEwiH0pmJ6-uFAxVCQ0EAHe9cAMgQFnoECCcQAQ&usg=AOvVaw0baZJzStPa0xEAjy5XED4Y
Castle
If anyone's interested here's Noble Helium's quarterly report
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02800745-6A1205021
Of note - They have pre-paid A$1.8M to Marriott Drilling - presumably to use the same rig as they used the last time.
They also only have A$2.18M in the bank. Other than that they have a Loan from the directors & others for $4.35M (which is to be re-paid from the $4.4M of VAT that is due to be refunded to them from the Tanzania Government).
So there going to need a lot of Australian & New Zealand shareholders to dig deep in that SSP otherwise they'll have to do a general cash raise. so they'll be hoping for a good result that's for certain.
LOTM
If it exists or comes into existence, then the whole of this project would be a jv, imho. But more evidence required. Both very circumspect at present on future drilling plans for the 2024 season, which is now upon us.
Yawn 💤
Little reminder video. He1 sets sights on LEADING GLOBAL HELIUM PRODUCTION !
https://youtu.be/r8VLUWiQ_hI?si=Jo0PnTCeeSmjioKP
GLA 📈
ToOnlyTheBesest
A genuine thank you for being a good sport. I hope and pray for Heliun One's BOD to break the familiar mould and act in the best interests of you, me and all genuine (long) HE1 investors. Another AMTE will finish me off.
Feet up.....empty bottle of Bells