RE: Change of Name to Mendell Helium Plc1 Oct 2024 17:07
Hi RKB,
I have never had any doubts in the progress and operational abilities of M3 and it’s great that Paul Mendell’s achievements are recognised. That’s why I bought. But tapping into that success is dependent on Nick delivering which given his track record is super high risk!
Nick’s job is also to deliver the RTO as well as grow the proposed business. That has slipped quite significantly and so has the SP.
Those time pressures are imo in part self inflicted, he is spreading himself too thin. Needs to prioritise as ECR drilling is also taking up his time a continent away!
When I saw in the finals he said that the admission document was ‘underway’ I immediately recognised that as an indeterminate word used in ‘management speak’ to say we haven’t started yet proper but we have kicked something off!
There will always be operational needs. That’s why you have a team and he has a great team in M3.
He needs to get the RTO over the line as well!
Usual caveats
Trek