The evidence.....you decide12 Jul 2023 14:05
At the end of 2021 I am convinced the board was confident of the discovery of commercial quantities of Helium at more than one site in the Rukwa basin.
They spent 2022 in planning and preparing the area for a long term extraction of He on a mega scale.
The access road is for two way traffic for a busy world resource.
The drill pad in construction is much larger, thus ready for commercial production.
WHY the confidence?
The Rukwa basin is suffused with He Shows,at the surface 10per cent and when they found bubbles at TAI 1, it was probably at or near this level (world class).
Unofficially they established the criteria for commerciality.
Recently the board announced an increase of shares of587,457 it passed unremarked,such a small percentage of the now total of 820,866,456. But just the right size to induce the predator rig owners to sell, they have seen the evidence (off record)and will get returns in time far exceeding a straight cash transaction.
In Q3 they shallow drilled throughout the Rukwa licence, garnering evidence of more likely sites.
Argue against this scenario if you must but it gels with the way the board is acting now.