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Why the inaction?
after sunday`s detailed posts today....nothing.?
the day traders are not motivated to ramp or de-ramp as is their wont....
The Ruckwa basin is suffused with HE shows- the first drill produced bubbles that could not be authenticated as Helium due to collapse of the drill hole.
But why did they extend their area of the basin this year if the issue was still in doubt over wether there was He present in gas form?
Like most I continue to hold, waiting on drill news.
We're pausing for breath ahead of the 121 mining event. Expect further news on the 2022 drilling programme to come at or shortly after this. Not much more to say until then.
Absolutely - the case is made, the potential clear, risks noted.......
Just need to take 'one small step for Heliumkind' - nothing else to say
More action on here on a Bank Holiday!
@Turbs
Well said, like the Neil Armstrong twist:)
How long is a piece of string?
In our case, b leeding long, my friend:) Haha
Come on DM, how about a photo of your breakfast
Sorry to sound dumb, when is the mining event again?
I thought if they had an annoucement though such as a rig planned or something note worthy they had to do an RNS first before doing a presentation or announcing it at a convention?
My bet is the drill is en route or gearing to get set to go to Rukwa. No obligation for He1 to RNS this since they've already told the market (at the AGM) they have options and will be drilling this year.
The key is the extent and planning of the drilling locations/dates which I consider will need RNS disclosure. One site, two sites, three sites, more? Going back to Tai, elsewhere or Tai plus elsewhere? This is where the funding question comes in. Perhaps they have enough case in the bank to cover a conservative drilling campaign but more funds would allow more sites to be inspected and drilled. I'd prefer the latter even if it meant a further fundraise this year. Overriding priority is get that critical discovery, even if this comes at the expense of additional fundraise to give the key derisking factor to accomplish this goal in 2022.
I've every confidence DM and his team have their sights keenly set of this objective.
Thats my take on it.
The drill is all agreed and under wraps to see if we can get sone private investment to extend beyond 2 holes.
The drilling company probably isnt interested in working for shares in this competitive climate so its up to us to get the extra cash. Failing private investment we will likely raise via a placing
Any other reason for this long wait and no drill in 2022 would be an insult to current shareholders
My take is *based on CEO recently and still saying Q3 drilling plans in place* is that the drill itself has been selected and is on the way to the RUKWA area + they are using the extra time while its being shipped to site to refine the drilling targets further + and once drill at site and targets agreed with the geo-team and Minch will release RNS then with all the details.
Reason I think this is that if no drill has even been ordered then there will be no Q3 drilling plan and Minch be breaking AIM rules by not telling the market this update and continues to do presentations indicating Q3 drill plans in place. So I am taking the assumption that Minch is a law abiding citizen.
I think there will be a flurry of RNS' or indeed one all encompassing RNS announcing the drill rig has been secured & is on site with specific programme dates & target locations - with drilling to start within a few weeks from said update. Think we'll be hit all at once with the Q3 news. exciting times!
@kevin 23rd/24th this month, looking forward to it.
Thanks jwill hopefully we might get a bit of fomo leading up to this event. Feels like a god time for dm to show his hands. I think getting no drill this year wouid be unreasonable and be hard to explain to the share holders. Even if their is competition you have to pay the market rate.
No drill this year and Minchin is toast/history!!!
@SlowRoll
Like cheese on toast & history,
what’s the issue? DM’s a guy you
rarely come across, not corrupt:)
Stroll on, he’s doing his best, 4 sure:(
@KevinRound
I agree with you & JWill completely;
though, heaven’s knows, God might
help us, you never know, typo:) Haha
ITV - just jesting, my friend