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Great news this morning , avoiding washout , and able to wireline and sample again a first for the company , on top of that still fully funded for next drill , there will be those who seek to trash LB and the team for their own warped reasons but this company is growing , with own rig , funding and all important experience working in this environment, so I say well done to LB and the team and let’s get the discovery you all deserve
Every drill campaign sets aside a contingency cost for repairs etc
Over than above the 6.8m raised for second drill , I’d be wary of loose talk on company finances at this time , let’s be patient and if you can’t be just move on if you have no faith in the company
Having the ability to do wireline log is tremendous news , this is not a duster like last time and we can now look forward to results knowing we have good helium shows , well done to the team and especially Lorna who gets a lot of unfair criticism but she always steered a cautious road and that’s what is needed drilling for Helium
Interesting seeing posts on Twitter etc about another placing , this placing is for another drill this year remember folks Helium one will only have a source of income through commercial discovery and leasing out their own Rig . So we will have more placings going forward even when we make our discoveries , long term gain should be the focus when investing in helium one and I ain’t going anywhere. Once discovery is made and it’s deemed commercially viable then watch the big guys looking in , like we see with lithium and the Chinese