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As attached they have had to extend the SPP offer and currently trading below the offer price.
https://www.asx.com.au/markets/company/NHE
If she can accomplish this, she will ascend from being a Geologist to becoming a Senior Helium Global Leader, positioning herself at the apex of this sector and maintaining that status for a lifetime, recognized as a significant figure with substantial achievements. The question remains: Will she recognize this potential and embrace this vision, or will she shy away and settle for the title of "I discovered Helium" alone?
With regards to the HE1 project, my hope is for one final round of funding to gain a comprehensive understanding of what lies beneath the surface at Itumbula. Subsequently, seeking debt financing to establish production and initiate sales would eliminate the need for further equity raising. This shift would enable the business to become self-sustaining and experience growth over the next decade. By halting equity-based funding, we can pave the way for the stock to potentially reach new highs in the future.
Go round n round 😜
Suspect we will hear news before Lorna goes to her talk soon
And the BoD would lose out on their "options" !! ;0)
Any sale of He1 would be done at considerably above 6p for that reason alone.
While there is some horrible depressing logic behind your thoughts TripleStar - and I feel the pain of your implied position - it doesn't take account of the incredible and valuable discovery which He1 has made or the benefits for Tanzania and the world if this comes to fruition. Only a few vile short-sighted moneymen win in your scenario: so many others could if this works out.
Yesterday Alan he was "IToldYouSoi" and tomorrow he will be "....."?
I see he didn't even make an hour today. Thank goodness.
What I mean by my last comment is she could go sell the entire project at 3p a stock and come to market saying she is Pleased to Announce and say it all at a HUGE premium to current stock price and thank you for all your support.
Mate I feel seriously sorry for any exes that have broken up with you.
MMS fraud, I told you so blah blah
For conservative estimate at Itumbula from last operational update 500,000x.047x365x2.5=21,443,750usd/annum. Nice little earner from one well. Hope my maths correct, apologies in advance if not.
You only joined today so how have you been right for 6 months. You must have been banned then. So what was your previous name
Im not sure Moorscloud - I reckon someone on BoD takes advantage of the situation plugged deeply in to the cheap funding elements and the CEO is very inexperience and being taken for a ride; backed in to a corner with no great options to choose from presented to her and thats it. The "doing deals" comment doesnt sound encouraging to me, it simply tells me to brace myself for a horror.
And no Im not selling, too deep down, worth nothing, will hold in HOPE that one day, this somehow makes a very slow horrible ride back up to a reasonable (I hope) breakeven exit. Long way to go this - very long way... unless Lorna gives the project away for a 100% premium to last stock price then she brings the curtain down for the benefit of a very few and that will be it.
I looove you, Lorna 😍
1 Day? I will give it two hours...! Admin have his number.
An interesting - if depressing - take TripleStar. Isn't a JV / merger / sale another possible route for He1 which would circumvent your vision?
Another negative one day wonder appears. Jeeez
Nice thought but never be done….
Lorna read this forum lol we need some idea of next move forward, is money needed now and how will it be raised ?
Patience is key I know that but not got a lot lol !
If you were one of the two funders for 0.25p circa 3 billion stocks – basically you own most of the stocks. And you knew the same project going to need more money from you in the future, then you could keep the stock price down by selling slowly in to the 1-2p range offloading everything (at huge multi bag gains) to retail investors calmly and quietly and wait for the phone to ring again and you say; I want 80% discount to 1p and project lead goes ok thanks please pay £5m and you get what you want. And that circa 0.25p becomes 1-2p again and around it goes again. It would be amazing to be a HE1 Primary Funder in life especially with Lorna in the CEO seat.
She maybe going to get taken for a major ride again when she sits down to "do deals" - obviously hasnt a clue how to protect retail investors. Especially with someone on the BoD who knows this and facilitates the taking of advantage of the boss weaknesses..
This is in my opinion only - you welcome to share your own take on this [just like the X (tweets) in response to their recent post are pretty clear]
and of course, I am hoping for the very best with this project and in particular the associated share price as well.
But I see this becoming a 6-10 billion stock count project.
Lorna
If you need to raise more money how about a rights issue giving EXISTING investors the chance to take advantage of any discounted shares.
Thanks
Lorna please give us an update soon !
What a surprise SP 1.35 average again …
We all know this is hold or buy now, de-rampers will be out in force soon - ignore them and hold tight Q3 not long away…
Gla can’t stay 135p for ever …Hold for Helium !!
As the article says, expect the SP to rise approaching the next drilling campaign. I wouldn't be expecting the SP to drop to current levels even after a raise, assuming one is needed.
Hanging around for the possibility of buying in for 1.0p could be risky in itself!
DYOR and GLA
He1 opening 1.38 GBX +0.0050 (0.36%)todat
GLA 📈
In addition to the discovery of helium at HE1's Itumbula well the hydrodgen concentration at 37,000 times above background is big news in our industry too. The global hydrogen market is valued at USD 242.7 billion in 2023 and is projected to reach USD 410.6 billion by 2030.
Key executives at hydrogen players such as FuelCell Energy Inc, Bloom Energy Corp, Plug Power Inc, Adani Green Energy Ltd, Air Products and Chemicals Inc, Sinopec, Air Liquide and Linde plc will have all been watching with interest what has been unfolding at Itumbula regarding the significant hydrogen find.
Blackrock has also been investing significantly in Hydrogen. They are not often wrong! They have bought in to both PLUG and FCEL. i.e. A hydrogen update from HE1 could be coming soon.