Member Info for BasilAlderman

You can also add these two major players to the list:

https://www.glencore.com

https://www.trafigura.com

In summary, in addition to players such as Linde, Exxon, Messer, APD, Siemens, Air Liquide, Helium24 etc look out also for a move by Glencore or Trafigura too. GLEN with its £50 Billion MCap would certainly be a good JV partner or suitor for the 2 helium plays in Tanzania and Colorado. Trafigura is building a very successful global commodities business, especially in the minerals, metals, and energy sector. It doesn't take a rocket scientist to see one of these two major players doing a deal with HE1 very soon. All the major players will be watching developments at Itumbula West closely with a view to a JV with HE1 following the 7.6% announcement.

Yes, re CDX: The company said in the results RNS "This remains a potentially valuable part of our portfolio and we will also work to take this forward once our lead product has moved into the clinic". i.e. the message is HEMO CART is progressing in the clinic so bring on CDX. Excellent news.

Yes Linde has a market cap of £173.89 Billion. i.e. a billion pound JV, MOU or takeover would be small beer for them. There's also the likes of Exxon ($503 Billion Mcap) or Air Liquide (102 Billion Mcap) who could come knocking on the HE1 door offering a MOU, JV or takeover deal for the helium discovery at the Itumbula West-1 well on the back of the final EWT data.

HE1's statement that helium is flowing to the surface in "such significant concentrations" and that this "has confirmed a globally unique helium producing province" will not have gone un-noticed in the boardrooms of companies such as Linde, Exxon, Air Liquide etc. i.e. HE1 is big news in our industry. Just watch this share price rocket when we get the final EWT news followed by JV or M&A news. e.g. GGP went from below 0.60p a share to over 30p a share. The same could be about to happen here.

Yes £142,500 GBP is a respectable buy at 15.53 today. i.e. 10 Million shares acquired in one go is not to be sniffed at. Some excellent buys all week too. Bodes well for next week.

Follow the money:

30-Aug-24 08:20:27 1.499 1,000,000 Buy* 1.45 1.50 14.99k

30-Aug-24 08:20:09 1.49 1,833,478 Buy* 1.45 1.50 27.32k

30-Aug-24 08:19:43 1.50 4,000,000 Buy* 1.45 1.50 60.00k

Yes, as you say this really could be the biggest helium find in the world. Helium measuring up to 10.4% has already been recorded by HE1 recently. As we all know commercial production typically requires helium concentrations between 0.04-0.35%. HE1's 7.6% flow rate at the Itumbula is therefore huge and the 10.4% statistic is sensational. The good news is that the next EWT news from HE1 is imminent and should be RNS'd very soon.

Yes, follow the money. Last 15 minutes:

29-Aug-24 10:42:36 1.332 1,150,000 Buy* 1.30 1.35 15.32k O

29-Aug-24 10:42:36 1.332 1,500,000 Buy* 1.30 1.35 19.98k O

29-Aug-24 10:39:19 1.349 3,861,866 Buy* 1.30 1.35 52.10k

Yes and don't forget that the maximum flow rate will be determined following the completion of the Basement EWT. Could it be even higher than 7.6% bearing in mind they've recorded 10.4% already? A reminder that on Tuesday HE1 confirmed that the first EWT flowed an average of 5% helium over a 5 day period. A stunning result. If the basement flow is the same or higher HE1 will soon attract a mega JV or takeover approach.

7.6% helium to surface announced on Tuesday is massive in the industry but don't forget it could be even higher than that. This is a rich helium area with a seep measuring up to 10.4% being recorded by HE1 recently. Ours is pure helium without hydrocarbons too. Commercial production typically requires helium concentrations between 0.04-0.35%. HE1 is now reporting that it is looking at helium concentrations up to 7.6% at the Itumbula West-1 well. This is way way way above 0.04-0.35%. Remember the next EWT news from HE1 is due anyday now.

Yes, 2 Million Pounds GBP:

27-Aug-24 16:36:51 1.452 120,000,000 Unknown* 1.25 1.30 2m

Major helium players such as Linde, Exxon, Messer, APD, Siemens, Air Liquide, Helium24 etc will all be watching developments at Itumbula West closely with a view to a JV with HE1 following the 7.6% announcement.

Watch out also for a move by Glencore or Trafigura too. GLEN with its £50 Billion MCap would certainly be a good JV partner or suitor for the 2 helium plays in Tanzania and Colorado. Trafigura is building a very successful global commodities business, especially in the minerals, metals, and energy sector. It doesn't take a rocket scientist to see one of these two major players doing a deal with HE1 very soon.

https://www.glencore.com

https://www.trafigura.com/

Yes, "by 17th September" is the actual wording. The interview clarifies this too.

Key points from the interview and both articles for those that want to know more pasted below:

1. CEO elaborated on the proposed acquisition of Blue Star Helium's Galactica-Pegasus asset in Colorado, emphasising its potential to position Helium One as a major player with successful geological operations across two continents.

2. CEO explained the significance of this acquisition, particularly its role in providing early cash flow, which she believes "will greatly benefit the company and its shareholders".

3. CEO reaffirmed that Helium One remains focused on its core operations in Tanzania, where the company continues to progress with its extended well test (EWT) at the Itumbula project.

4. CEO highlighted that the results from the Karoo section have been promising, with high concentrations of helium, and emphasised the importance of geological diversification for spreading risk.

5. The company is now showing tangible results from its exploration and development activities. An extended test on its Itumbula West-1 well successfully flowed helium in concentrations of up to 7.6%—a very good grade by global standards—at an average of 786 barrels per day from Itumbula's faulted Karoo interval.

6. Over a five-day test period, ITW-1 averaged 5% helium. CEO "very pleased" with the results, adding, "This is a globally unique helium play, and it has taken a lot of hard work and collective effort across multiple disciplines to establish how this system works in the southern Rukwa Basin."

7. Broker Panmure Liberum, values Helium One’s stock at 3.44p—more than double the current price.

https://www.proactiveinvestors.co.uk/companies/news/1054873/helium-one-ceo-discusses-strategic-expansion-into-us-market-with-galactica-pegasus-stake-1054873.html

https://www.proactiveinvestors.co.uk/companies/news/1054883/with-helium-demand-set-to-double-here-s-four-london-stocks-to-watch-1054883.html

Yes and can you imagine the HE1 share price today with that 7.6% RNS if they hadn't announced the acquisition of a 50% interest in Blue Star's Galactica-Pegasus project. 4-5p a share minimum. We would have been flying. That is frustrating! However we are a much stronger company now with 2 plays in Tanzania and USA which should see HE1 deliver real shareholder value in the future.

HE1's short term valuation is now 3.44p which is more than double the current share price of 1.46p, say Panmure Liberum in their broker note today. In summary the article on the note states:

1. Helium One Global Ltd (AIM:HE1) is moving closer to 'commerciality' following the latest well test and an acquisition that should speed its progress to generating cash.

2. Panmure Liberum lauded the $6.75 million purchase of a 50% working interest in the Galactica Pegasus Helium Project in Colorado, which could be in production by the middle of next year.

3. "The deal gives Helium One access to a near-term development which could deliver maiden revenues in 2025 and diversifies the portfolio away from Tanzania thus de-risking the overall portfolio and making the company less reliant on assets there," the broker said in a note to clients.

4. Production was described as "very encouraging" from the Itumbala-1 well in Tanzania, which flowed at an average 786 barrels per day from the Karoo interval with 5% helium.

5. Reiterating its 'buy' recommendation, the boutique investment bank said it was rebasing its price target to 3.44p.

6. The valuation is more than double the current share price of 1.46p

As an investor I view today as very very positive news. It onwards and upwards over the coming days, weeks and months.

Yes the gain following today's positive developments could be huge and worth the very short term pain. I see there's lots of valid GGP comparison mentions on here today too. Having been invested in GGP when they signed their JV agreement with Newcrest I can vouch for the mega rise that happened from under 3p to over 35p. i.e. You have to be in it to win it. Come on HE1 lets see a breakeven share price of 1.74 ish by close of play!

Yes, when I sold my company it took 14 months of negotiations. i.e. It takes time to construct M&A transactions. Talks will have been going on for months and way before the EWT results were known. 7.6% is the cherry on the cake today. Fantastic news.

Yes, GGP multibagged over x 63.

Oh come on, this is huge news. 7.6% equates to over fourteen thousand times above background levels and is massive news in the industry. How much will a major helium player pay to get their hands on a helium concentration of 7.6%? Billions probably.

Yes John. People aren't reading the full RNS. HE1 is going to be making money from H1 next year. See below. Smoke and mirrors by people on here today! The facts are below:

RNS: "The initial wells are expected to be on stream and producing in H1 2025 and an independent third-party competent person's report indicates that an average of approximately US$2 million per annum will accrue to the Company over a period of five years. However, these estimates represent only sales from the production of helium, and the Company believes that the sale of associated CO2 into the local market, could increase this by up to 50%".

I.e. it's false to say that HE1 is not revenue making anymore. The RNS confirms that the initial wells are expected to be on stream and producing in H1 2025. Lets get our facts right everyone! This is very POSITIVE news today.

A measured helium concentration of 7.6% equates to over fourteen thousand times above background levels is massive news in the industry. As, Craig points out today the other news is huge too. i.e. HE1 has just purchased a 50% stake in another helium play with confirmed helium, therefore increasing the companies value. A great move by the BOD. HE1 is going places and will be acquired by a major player pretty soon or a stonking JV will be announced based on this 7.6% news.