Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Watch you dont get caught out - you could lose a lot of potential profit if it decides to rocket to 25p
If Helium one manage to get the rig organized ( currently being audited & tested) and confirm their discoverg at their Tai prospect then Sciroccos holding will be worth 10x what it is now.
Perhaps with the cash from tbis deal they might invest more. Someone knows something and talk is that they know they have a discovery on their hands.
Scirocco hold about 10million He1 shares now. If they doubled or trebled their holding. Post discovery that could be worth £20-30 million
Yeah its crunch time the next few weeks. We had a few tweets last week which was reassuring..
We had some fairly big sells end of last week and a terrible opening today with us firmly back in the 9's and people selling at 9.1p. I was optimistic when we got the operational update RNS but its waivering now with 3 weeks to go until we are in Q3.
Please guys get this done and let us know where we stand
Mike williams and the operations team can do this standing on their head remember.. lets be patient.
The board need to remember though shareholders have been very very patient. No shallow drills, no summer drill program, one drill target, licenses pending.
If they balls this year its game over
Is the 5000psi equipment just because there is an unimaginable quantity of helium trapped in the karoo and just as they hit the bottom of that clay seal its goin to want to blow..
Bloody hope so :)
If we have moved to procuring ancillaries.. surely the rig has passed the test.
Also puts a date to our target drilling month
Its only visible to those connected to him. Ive seen a screenshot.
To be clear its not advertising a role.. rather procurement of a rental part called a VBR? Apparently used to joing piping - possibly linked to blowout protection.
Anyway sounds positive to me
Guys have a look on the telegram group, apparently theres a post from Mike Williams our senior drill engineer advertising to procure a part for a "drilling project in East Africa" starting September
Sounds like we are all systems go.
Its not a rig part, more of a pipe jointer of sorts.. nothing a girl like me would understand
No time to wait now I think we are on the up. Im going to attempt to put a spare £10k I have in tomorrow.
Over on telegram there is some talk about our rig being an Atlas Copco Predator ( 950hp)
Take a look here
https://www.epiroc.com/en-tz
Helium one have been quietly confident this year telling shareholders the company is undervalued and reiterating that they have enough money for current exploration activities even during leriods of lack of news and doubt from us shareholders.
The wired.com article and DM's proactive interviews state that in the lakebeds we got 2.2% helium show @ 70m and also multiple further helium shows down to Karoo - in essence a discovery was made but couldnt be officially announced
From Quemscan we know we have good to excellent resevoir & seals. Now with the mineral rig, the annulus was narrow and hence mud pressure was very high which ultimately caused washouts. Its been mebtiobed that this pressure likely also masked helium shows, forcing the gas back into the soft resevoirs rather than exiting in returning mud.
They have done even more seismic and ERT at Tai now and have employed new geoscientists to pick apart the data. They have had 9 months in which to go back & cut the lakebed casing at tai -1 and flow gas.
In my opinion id say we have a near 100% COS at Tai with a conventional rig.
The Karoo and red sandstone will still be a mystery and where the real money lies but a shallow discovery is almost certain. This time round I think they will drill and wireline the shallow lakebed and release a discovery RNS followed by a placing - then push on to the depths - if they have any sense
Sorry for the typos, new acrylic nails .. splashing out knowing that in a couple of months time i'm going to be quids in with this ;)
AP
And who might you be?,
Do us a favour and spare us the crap, we all know how this year has panned out. The RNS is very positive. Things have to be carefully considered.
To try to bring a rig fron acriss the world and drill in 2022 is near impossible. Ibstead they are focusing on their target ehich offers highest C.O.S, the drill pad is ready, the rig is local ( albeit possibly paying a premium for it). A discovery in 2022 is what we have been promised and I have a steong feeling they pretty much know they will get it.
After that we raise what we want, drill what we want... its a different animal. One we might not want to tame ourselves but sell on
Well **** off and buy them then
We have a new top deramper... muscles.. up your game
This simply isnt true. From inception of a drill program dating back to December. Deep drills were planned for Q3/Q4
I dont think he replaces Lorna, she is principal geologist, this guy is principal geophysicist
Absolutely, the whole company is going to look like a complete **** show if they turn up with no drill plans after submitting that information to 121 Mining.
Hopefully they are just there and in South africa to get a few million £ together to pad out the drill plan to 3 holes.
Then do a placing as the drill is in the ground to secure forward exploration and development funds @ 20p plus.
Hopefully we should hear something next couple of weeks
The fundamentals of the project look great.
Cash position should be $7-8 million
New targets in addition to the 3 we had last year.
I understand fully the importance of networking and investor events but I struggle to see what we would be hoping to get from the 121 events at this time.
Its almost certain that our cash position is not enough to fund more than 1-2 holes at best. Perhaps they are looking to secure the extra cash to fund further drills or indeed at this stage secure a farm-in deal.
Problem in my mind is have the left it too late and why not simply raise via a placing and get the show on the road.?
What other alternative scenarios might br playing out here?. They have had the seismic data for nearly 6 months now
Its not an all or nothing scenario. We are an exploration company with multiple prospects and potentially what was 138Bcf could be a lot more now with the additional drill sites. We had 3 targets before the new seismic with an additional 6 leads now. Not to mention Eyasi & Balangida.
We have maybe $8 million dollars in the bank by now.
We also have scope to raise funds where necessary.
The fact is we will be drilling these targets at some point - there is no real reason why we wouldnt.
When we do, share price will be double or more what it is now.
Chances of discovery are better than ever with the additional science we have thrown at this also.
Hold tight .. we will be rewarded
Any other reason for this long wait and no drill in 2022 would be an insult to current shareholders