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Or to put it more simply, the share price would have gone up today with just the EWT results to 2.5p to 3p but instead there is a placing for the acquisition at 1.09p and it is fairly obvious where the share price is most likely to end up - probably nearer 1.09p than 2.5p to 3p.

It would have been very simple and correct to complete the EWT and then make the acquisition. The 2 announcements today, both taking the share price in opposite directions, is just a sign of naive management. LB just hasn't got a clue how to run a company.

Superb presentation. I don't have any issue continuing to hold here whatever the short-term movements of the share price.

ATB

It is just a shame that his share is such a slow mover. All of the good progress and enthusiasm from the management and all we get is a 1.77% rise. When are we going to get a 20% rise

Yeah, I expect both HEX and GEX to get into production long before HE1, despite the latter having a 3-year head start. Tanzania is a very slow and expensive place to operate and even if they have 10 times or even 100 times more helium in the ground it is not going to get it out any quicker.

AEX - Aminex - have been trying to get their gas discovery into production in Tanzania for at least 10 years and have got absolutely nowhere.

And look how much HE1 have raised so far. It was £50M last time I totted it up and I think they might have done another placing since then. HEX are still going strong on the IPO raise.

From RNS dated 12th August 2024:

"Clink #1 primary target is the Flathead Formation at 7,410ft (2,260m), which is the main horizon producing helium within the Montana helium fairway. Secondary targets are the Amsden Formation at 3,840ft (1,170m) and Charles Formation at 4,780ft (1,460m) where historic testing has flowed high nitrogen gas to the surface, and which has not previously been tested for helium."

Helium shows in the top 2 secondary targets is very positive and should bode well for the primary target which is imminent.

The difference between HE1 and HEX is the small matter of 1382 trades so far today as against 118 and 276 posts as against 27. HEX will get there eventually.

I think that they just need to get a bit more with it - the GEX management that is. Who uses Spark? Nobody, in fact I've never even heard of them before. Everybody uses Investor Meet. And not at 9.00am. That is just a daft time.

Otherwise who cares. I bet that GEX are sitting on an absolute gold mine of helium, hydrogen and natural gas. Australia is just stuffed full of every resource that's ever been discovered. One company went looking for copper a couple of years ago and stumbled on what looks to be the biggest titanium deposit on the whole planet. And no one had even heard of titanium.

There is plenty of time for this share price to recover and they already seem to be busy getting things done.

ATB

Dicko80

That doesn't sound very clever. HE1 recorded shows 20 times above background at Itumbula. But it flowed at up to 4.7% helium, which equates to 9,000 times above the background levels.

I don't think that you can do more than guess at the possible flow rates from the mud shows.

Still people selling away. Maybe they haven't learnt to read yet - or to listen to English. Takes all sorts I suppose.

Https://www.proactiveinvestors.co.uk/companies/news/1054422/helix-exploration-ceo-on-record-helium-levels-found-in-montana-drilling-project-1054422.html

You might want to ask him why he couldn't afford to fork out the £500K to Shuka. That seems a pretty stupid move.

Yeah, or just stupid. I wonder why it is 0.8377p to buy now?

Without the non-dilutive funding there is no point to the acquisition - and I doubt that the vendors would have agreed to the deal either, a deal which has not even been completed yet. 13.51% down now and o.82p to buy and sells going through at 0.77p. Oh, and 0.79p to buy now.

I'm surprised that this is only down 8% today. I saw the fall and looked to see what was going on only to find that the great Q Van Der Burgh, whose companies are (supposedly) going to get NEO into production with zero dilution, all of a sudden cannot even find a miserly £500K for a Loan Note conversion for one of his other companies, Shuka Minerals. That has dropped the Shuka share price by 50% and the m/cap by £2.5M.

I was actually most impressed by the Stockbox interview with Q v d Burgh from last November and even supplied a link on one of my posts but it suddenly doesn't look quite right.

Considering NEO is going to be 100% dependent on finance and funding from Q van der Burgh then this is very much related and not a good sign.

If it all sounds too good to be true...................................etc..........

proposed cln drawdown and financial position

shuka minerals plc (aim: ska), an african-focused mine operator and developer, provides the following update:

the company has served an initial drawdown notice, for £500k for general working capital purposes, pursuant to the £2m unsecured convertible note instrument ("cln") entered into on 24 may 2024 with auo commercial brokerage llc ("auo"). auo has advised the company that its investment capital is currently tied up in ongoing transactions which have taken longer to conclude than they initially anticipated, and accordingly it does not have access to the requested initial cln drawdown funds.

auo is a uae based investment house focused on enabling african commodities through strategic investments, which is led and majority owned by *****on van der burgh, the company's chairman.

auo has advised the company that it remains committed to its obligations under the cln and is endeavouring to raise the necessary funding in the short term to satisfy the initial drawdown, although it has not been able to provide an indication on timing for such funds being made available. in addition, auo has reiterated its commitment to supporting the company's future endeavours and financial needs to support the ongoing business and obligations of the company.

I'm surprised that this is only down 8% today. I saw the fall and looked to see what was going on only to find that the great Q Van Der Burgh, whose companies are (supposedly) going to get NEO into production with zero dilution, all of a sudden cannot even find a miserly £500K for a Loan Note conversion for one of his other companies, Shuka Minerals. That has dropped the Shuka share price by 50% and the m/cap by £2.5M.

I was actually most impressed by the Stockbox interview with Q v d Burgh from last November and even supplied a link on one of my posts but it suddenly doesn't look quite right.

Considering NEO is going to be 100% dependent on finance and funding from Q van der Burgh then this is very much related and not a good sign.

If it all sounds too good to be true...................................etc............ .

Bo just says that in the coming months "We'll have good results out of this Ingomar Dome drill" and then the same at Rudyard. He says that it is more a case of finding out the exact composition of the gas - rather than whether there is going to be any Helium discovered.

Less than 21p to buy in the meantime.

I think that today's RNS was a bit too full of caution in the 'Background' section. Listening to Bo in that short interview he sounds very confident.

Bo is talking about designing processing facilities already in this short interview from a few days ago - and probably before the background helium shows. Certainly no hanging around. And this is a very, very, very quick drill,

Lloydyboy

Contact details are at the bottom of the RNS. Financial PR - I phoned and spoke to Letaba Rimell. She said to email for any further enquiries via: georginaenergy@apcoworldwide.com

I have just spoken to the PR company and they have said that as part of the presentation tomorrow the GEX management will be directly addressing some or all of the negative points that have been published by Tom Winnifrith.