Member Info for ART123

And Zissman appears to have paid the price for actions at the previous GM when he reappointed the directors that had just been voted out.

Bob Holt was nothing here. He was not one of the founders of the company and was only appointed late last year. He appears to have been in it for anything - ie. payoff, shares, etc - that he could milk REVB/Boohoo for and little else.

More than 10% dilution again. As a death spiral this appears to be one of the most acute and harshest on record. When will it end??

It looks like Boohoo won that battle quite easily. It also makes all the No voters look a bit silly.

It's about time Mr Buck woke up and gave an interview or at least a podcast or two. The long-suffering shareholders need to know about the immediate plans. This will also help the share price as 5p is a nothing price.

10p reached easily and I reckon 15p should be achievable within the next few weeks. The main question now is whether the share price can reach 20p+ as was achieved pre-drill in 2021.

Looking at the pro's and con's, the main and probably the only negative is the dilution since the previous drill. That stands at about 33%, so could arguably keep the pre-spud share price at a lower level. The exact figures are that in 2021, at the time of the signing of the drilling contract, there were 496M shares in issue and a further 100M were issued in the 10p placing. Right now there are 813 M shares in issue.

However, on the positive:

* HE1 is better known than it was in 2021, when it was a relatively new company with a resource that was not commonplace

* a new CPR has increased the resource estimate

* we have a proper rig this time and we own the rig which will allow quick and trouble-free testing and appraisal drilling

* the price of Helium has increased by up to 50% since the last drill

* we have another company also looking for Helium in the same area, which means that HE1 is not chasing a dream but the presence of Helium in the basin is a reality

* HE1 has been there before. I don't think that many expected the share price to get as high as 20p+ in 2021 before the drill giving a m/cap of nearly £150M. It was all unknown territory, but having reached 20p+ before and with a high and strong m/cap it is easier to see the same happen again this time.

My conclusion: If the many positives outweigh the one negative then we should see 20p pre-spud quite easily.

ATB

Panic over - IG now allowing online trading. Don't know what the blip was.........

It must be an issue with IG Markets platform as Interactive Investors is letting me trade online. How unusual. IG are usually very reliable and often allow trades when other brokers are only doing N/T's.

That's on IG at least. I'm not sure if other brokers are still allowing online trades as they seem to be still going through (at 0.922p and now at 0.9399 and rising).

Buys still piling in - or at least they were until online trading was halted - probably only temporarily but we shall see......

Buys are flowing in - all 250K/350k - and not a sell in sight and the buy price is jumping upwards!!!

EME's share price is over 1.5p to match Conrad Asia's current valuation.

That is AUD267M divided by 1.9 (Exchange rate AUD to GBP) = £140M. Divide this by Conrad's 76.5% and multiply by EME's 8.5% for a value of £15.6M or 1.59p per share.

Obviously, both companies have other prospects but the Mako Gas Project is the current prospect that is creating most if not all of the valuation for both companies.

And this valuation is before the GSA , which admittedly is late with no apology, explanation for why or new timeline, or the divestment which will follow the GSA.

Unfortunately, the recent placing seems to have stalled the share price, which was sat at a comfortable 1.2p/1.3p before the raise, and it has yet to recover to even these levels.

It's not as if this Nathan 91 plonker has missed the rise here as it has hardly even begun. The share price was higher last week and over 7p a couple of months ago and that was without the Land Permit. And we haven't even heard the plans from Mike Buck as yet. Maybe an Investor Meet presentation would be in order.

SOCO sold their Block to PetroChina in 2005. At that time oil was around $40/$50 per barrel and that was very much a high at the time. Previously, oil crisis excepted, oil had not been above $50 per barrel and not above $40 before 2003 and not even above $30 before 2000.

All in all, the SOCO sell was a huge giveaway and not one I would like to see MATD follow. Most of the payment to SOCO was going to be much later as it depended on long-term production figures but what the deal did not seem to take into account was the huge increase in the price of oil that started later in 2005 and has continued ever since as the link below will show. SOCO would have done much better keeping hold of the asset.

https://www.macrotrends.net/1369/crude-oil-price-history-chart

However, taking into account the current price of oil the value would have to be twice the SOCO deal and higher than the the 26p value that keeps being quoted here.

I count 8 uses of the word 'likely in this short RNS. At least the management has covered their backs in the event that this doesn't flow - or isn't gas sands or a gas reservoir.

Talking of XTR's forward policy, I wouldn't write off Bushranger too quickly. Try reading this article:

https://www.mining.com/web/friedland-warns-of-a-copper-train-wreck-as-supply-stalls/

“We’re heading for a train wreck here,” the founder and executive co-chairman of Ivanhoe Mines Ltd. said in an interview at Bloomberg’s New York headquarters. “My fear is that when push finally comes to shove” copper can go up 10 times.

Imagine that, if Copper is suddenly valued at $80,000/ton. It happened to lithium not so long ago and the price certainly hasn't gone back to pre-spike levels.

Personally I think that Mr Bird should give Anglo American 'the bird' as soon as possible and get rid of them for good and then get a mid-tier company (like the ones Colin has dealings with in this other companies in Africa) to farm in to the whole prospect. Get one of them to commit to spend $15 to $20 Million for a 50% stake and drill the rest of this asset and get a proper JORC.

CORO is up 15%+ today, probably due to the Proactive interview (link below).

Coro Energy PLC (AIM:CORO) Chief Financial Officer Ewen Ainsworth and Managing Director - Renewables Michael Carrington speak to Thomas Warner from Proactive London about how the South East Asian focused energy company has been performing recently.

Ainsworth says that the "key area of focus for investors at the moment is what's going to be happening in the near future" and specifically with regard Coro's Duyung PSC - a project he describes as the company's marquee asset."

There is no mention of why news on this is late or even of any delay or whatever so it has to be assumed that news is still imminent.

Maybe some kind of news from EME management might help their ailing share price rise in advance of the expected GSA and divestment.

https://www.proactiveinvestors.co.uk/companies/news/1020185/coro-energy-going-through-super-exciting-times-with-renewables-strategy-1020185.html

So this is the rig from Kenya. The one that took 6 months or so to audit. Let's just hope that it works okay.

And why haven't HE1 secured Noble as their first to-hire customer after TA-1 is drilled, rather than NHE have to ship a rig all the way from the UK?

Who have they bought it from?

How long has it been travelling to Tanzania, or was it there anyway?

Lots of questions.

Have they spent all their available cash and maybe even more besides?