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Started: bettyswollox, 12 Jul 2024 04:15
Last post: DennyLad, 12 Aug 2024
Didn't get our money back yet. Hopefully seen the bottom and will start to rise like a helium balloon and not deflate again.
I had a message from HL saying 1 for 5 consolidation so 50000 becomes 10000 but the price raised is over 3 times the suspended price so like others said it's not too bad and when it opens at 20p or goes past 20p in early trading we'll have out money back for starters, the hype on other stocks in these sectors is just ridiculous HE1 is 7 times the valuation here so I might hold out for 50-100p, you never know after seeing the madness in PPPand UKOG today if there is liquidity issue and thousands of traders in HE1 all want a piece of this it may well go nuts. I remember the Cannabis bubble in 2021 where 5p floats were spiking to 20-40p in the first hour after flotation. I wonder if A we can buy more or B sell what we have. I hate it when mm's open a new stock for trading but existing holders still have not had their stock cleared for trading
Hi ART,
Have you been told your holdings will reduce by a multiple of 5??
Trek
That looks to me 5 x MMM shares = 1 x GEX share
That looks to me 1 MMM share = 1 GEX share????
Trek
Started: davey50, 30 Jul 2024 07:46
Last post: Troajan, 30 Jul 2024
I can’t find MMM or GEX on Freetrade which is frustrating
Both brokers I use have no changed the name or adjusted the stock to the correct amounts.
Started: Troajan, 19 Jul 2024 15:48
Last post: Troajan, 19 Jul 2024
Can anyone please tell me by what % the existing holders are up or down.
Thanks
Which based on HE1 valuation is really achievable
Hmm... perhaps not exactly. Remember, Georgina promotes an extraordinary valuation of the resources, which are noted as 'Undiscovered'– truly bottom of the ladder, where the top is 'proven' resources. Worse, the measure for valuation was based on the "best" case (no one uses best case) and relates the Helium One share price– at that time (Jan-2023) their share price was 6.8; today, it is 1.16... well over a 80% loss in value during the past 18 months. And He1 categorises their most advanced project as a "prospective" resource, which is above the 'undiscovered'.
Everyone must vote on the reverse– wise to carefully examine the resolutions and the associated math, found in the first announcement of the upcoming shareholders meeting.
Thank you for this.
So an equivalent placing price of 2.5p “old money”?
Bit a kick in the nuts for those who have held all this time and particularly during suspension. However, I do think it’s set up for a decent ramp, and at least it’s coming back. There was a time when I thought it was going to become a zero.
I think I need a £50mil market cap to breakeven 🤦♂️
Started: markrussell, 11 Jul 2024 20:12
Last post: markrussell, 11 Jul 2024
40mil new shares at 12.5p
Proposed share consolidation at a ratio of 1:5
Yep that is what I am thinking, new vendors have paid 6p but we have been consolidated down to one fifth. If so we need to see 20p on return just for our money back if in at 4p which probably might happen given the Helium Bubble atm but the price might not open anywhere near the close for us to have the chance to average down...no longer excited about this now unless I have my facts wrong on the upside
Hmm, if that is the case and there is a 5:1 consolidation, the placing price may only be 1.2p in old money. Which is quite an alarming discount and will be a real kick in the nuts for us who have had to ride suspension for years.
Think you could be right about a consolidation. You deduct the numbers in RNS and get left with 6.41 million, you times that by 5 and you get the current number of shares in issue (32.05) million.
Yes I'm confused,
Yep confused but happy because whatever happens it must surely go higher than suspension price so looking forward to this returning
I'm not so sure. It says there will be 83,678,396 new shares and the company will have an enlarged share capital of 90,088,396.
83,678,396 into £5m = just shy of 6p. However, I don't understand how that total plus existing creates 90,088,396. Maybe a consolidation? Very confusing!
Started: Botham, 2 Jul 2024 19:41
Last post: Botham, 2 Jul 2024
*************georginaenergyplc
To disapply statutory pre-emption rights in a company, you can: 1.Amend the company's Articles to remove or modify pre-emption rights 2. Seek shareholder approval through a special resolution at a general meeting 3. Pass a board resolution in certain circumstances
Disapply statutory pre-emption rights provides authority now to RTO subject to FCA approval. This was implied in the Helium article published on June 24 see below. https://total-market-solutions.com/2024/06/the-race-for-helium/
AGM today as well, still silence on here, anybody from telegram with some updates ?
Looks like it's going through.
Did anybody find out the funding price from telegram ?
Started: Oskica, 24 Jun 2024 12:04
Last post: Oskica, 24 Jun 2024
Really good article, genuinely looking forward to this one coming to the market:
https://total-market-solutions.com/2024/06/the-race-for-helium/
On the RTO or still waiting on prosepctus and good old fca?
Started: Magnum.PI, 28 May 2024 07:57
Last post: davey50, 7 Jun 2024
I'm not bothered about dilution it will probably go nuts on relisting anyway. Look at Hex and Msmn spiking to the moon atm
Is it actually a real transaction? Or is this [yet] another example of the [unconscionable] double-speak of pumping promoters?? Any serious raise for a transaction that is in connection with a merger involving a public company, will definitely include the price points/share values/other basic realities– always elusive, that.
We have likely been diluted to oblivion seeing as there is no mention of the conditions or price per share of the raise. At least we get to vote on it at some point.
Did they raise £5 mil at 1p 5p 50p ????
Could have least told us the price eh
Started: Botham, 7 Jun 2024 08:46
Last post: Botham, 7 Jun 2024
Started: Botham, 7 Jun 2024 08:44
Last post: Botham, 7 Jun 2024
Started: Botham, 14 May 2024 01:21
Last post: Botham, 14 May 2024
*************georginaenergyplc
Nice to have a mystery one that could be a moneyspinner
Hopefully know the valuation details soon
Shares in Issue 32.05m
great to be in a small number
Great rns
About time well done
show me the money
Started: Botham, 12 Apr 2024 12:59
Last post: Botham, 12 Apr 2024
Started: Botham, 11 Apr 2024 11:54
Last post: Botham, 11 Apr 2024
Positive movement almost there April should be a good month for Helium companies with Mosman valued at only £2M and the IPO of Helix
Started: Botham, 4 Mar 2024 09:43
Last post: davey50, 28 Mar 2024
Today's RNS sounds promising, raising money though is not easy but the Helium element might help them get over
the line
I notice that Georgina only filed their accounts for their year ended 30 April 2023 a couple of days ago, and wonder if this might have been a requirement holding up FCA approval? If so, then clearly that requirement has now been met.
https://find-and-update.company-information.service.gov.uk/company/11954589/filing-history
find-and-update.company-information.service.gov.uk
GEORGINA ENERGY PLC filing history - Find and update company information - GOV.UK
GEORGINA ENERGY PLC - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, busin...
All quite on the news front. Great time to RTO with HE1 performance
Started: Botham, 16 Jan 2024 12:42
Last post: Assword, 25 Jan 2024
And the relevance to MMM is exactly?
Link: https://charlesstreetsecurities.co.uk/Resources/Georgina%202.pdf
Pg8/24: " Two wells MAGEE 1 & MT KITTY 1 drilled to BASEMENT in the Northern Territory portion PRODUCED GAS TO SURFACE on test with 6.2% & 9% HELIUM with gaseous hydrocarbons & relatively high levels of nitrogen. It is considered axiomatic that the sub-salt HELIUM PROSPECTIVITY OF THE M T W I N T E R S project area is REMARKABLY HIGH."
Pg 11/24: "EPA 1 5 5 MT WINTER STRUCTURE POTENTIAL VOLUMICS: As previously noted, MT WINTER #1 REACHED A TD OF 265O m. Pg 15/24: HELIUM CONCENTRATIONS REPORTED AT MAGEE 1 & MT KITTY 1 RESPECTIVELY WERE 6.2% & 9% & THE GEOLOGY APPEARS VERY S I M I L A R AT M T W I N T E R .""Helium BCFG at P10 [864], P 50 [75] and P10 [8.6]. There is a NOTE section with some details - pls read.
Pg 18/24 also provides THE MAP OF MSMN'S EP 145 AND EP 155. This short page gives more info on the nearby MEERENIE OIL AND GAS FIELD. Pls note disclaimers as norm.
Reference: Hotcopper via Pokerface, 21.10.23 on Greevale Energy, ASX [Mosman Oil & Gas JV Partner 75%/25%]
Link: https://hotcopper.com.au/threads/helium.7648702/
"Quote: Probable reserves of 25 Bcfg. I wonder what that equates to as in ground reserves? Anyone got a big enough calculator.?" Gobris on 14.11.23 replies: " PF pointed out that the in GROUND VALUE OF OUR RESERVES COULD BE AS HIGH AS AUD$ 180 BN."
MOSMAN OIL & GAS : " 2 huge helium assets: Both assets free carry JV. New presentation to reveal the next steps.
"EP 145 --- 26.4 Bcfg
EP 155 ----75 Bcfg"
Link: https://twitter.com/stevienics/status/1748716568584826881 Jan 20,2024 with screenshot.
COMMENT:
Both EP 155 & EP 145 farmed out to Greenvale Energy of ASX & Georgian [EP 155] are in the AMADEUS BASIN, Australia.
Both are NEAR and "ON TREND" TO THE THE MEERENIE OIL AND GAS FIELD of which the CEO of Mosman mentioned today in his presentation of 24.1.24 in that the Meerenie Oil & Gas Field is undertaking potential HELIUM production etc [please check the vid].
EP 155 is MUCH LARGER a potential at 75 Bcfg vs EP 145 at 26.4 Bcfg.
MOSMAN OIL AND GAS AMADEUS BASIN, AUSTRALIA.
From their website, details about EP 145 [2 wells drilled] & EP 155 ]1 well drilled]. Link: https://www.mosmanoilandgas.com/amadeus-basin
MOSMAN OIL AND GAS MKT CAP: £1.36 million @0.16pNew AIM rules states that new co's that come to AIM must have a minimum of £6m mkt cap ? Risk reward interesting?
HotCopper
GRV (ASX) Helium
Global demand is currently around 6bcf per annum, and constrained by supply. Demand is reportedly set to rise to 8.5bcf ( refer recent announcement)....
Mosman Oil & Gas Presentation by CEO, Wed, 24 Jan 2024
https://twitter.com/InvestorMeetCo/status/1750111207447523662
At the 8:25 mark, EP 145 & EP 155, Amadeus Basin, Australia. The MAP shows the Magee 1 and Mt Kitty with 6 & 9% HELIUM. Outside this field , HELIUM is at 0.22% & 0.15% [all in yellow flag].
CEO, MSMN "believes they are in the right place. Two permits [MSMN -CEO means EP 145 & 155 - well TESTED WITH HYDROCARBONS, infrastructure - DARWIN helium, exported. Hope SANTOS will drill but delayed - drill deep wells in 2024. CEO talks of Greenvale Farmin 75% & MSMN 25% [£7.5m to be spent]. CEO also talks of Georgina farmin EP 155 with MSMN.
"Main focus, Australia. Q & A: From my recall , CEO MSMN said that the MEERENI OIL AND GAS FIELD HAS BEEN PRODUCING FOR 20 YEARS & THEY ARE LOOKING TO EXTRACT H E L I U M from Meereni [Central Petroleum ,ASX had issued a RNS in Aug 2023 on this and I have read it]. CEO, MSMN also said that typically upon results, the uplift is $50m [not sure if US$ or £] --MSMN is currently MKT CAPPED AT £1.36 Million @0.16p. From the map MSMN E145 [Greenvale farm in with MSMN] & EP 155 [farmin with Georgina] , they are "on trend" with the MEERENI OIL & GAS FIELD.
It is all over the news, that shortly there will be NO MORE HELIUM PRODUCTION IN AUSTRALIA [Amadeus Basin]. So, demand for helium locally is needed. Globally, helium is not easy to find and supply is needed.
On Hotcopper, Greenvale: https://hotcopper.com.au/asx/grv [MSMN partner], one can read the relevant on EP 145 .
Greenvale Energy issued a RNS similar to MSMN yesterday but the difference is the wording which Greenvale used vs MSMN ie last sentence as to when the NT govt will approve the farmin etc. The Greenvale RNS of last night is on HC to read and check.
X (formerly Twitter)
Investor Meet Company (@InvestorMeetCo) on X
Couldn't make today's live presentation with MOSMAN OIL AND GAS LIMITED? #MSMN
No problem! Catch up here: https://t.co/pR4TdyjpMi
Started: Botham, 12 Dec 2023 13:53
Last post: markrussell, 2 Jan 2024
Sorry for being stupid. What do I put where all the dots are?
who you go mark *************georginaenergyplc
A someone please DM me the telegram chat link. Thank you
Couple of old presentations worth a read
https://charlesstreetsecurities.co.uk/Resources/Georgina1.pdf
https://charlesstreetsecurities.co.uk/Resources/Georgina1.pdf
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