Member Info for Bebeto

Significant helium presence found in at least 6 zones.

If its a substantial discovery, there's no way little HE1 could build a mine on a placement.

Wait and see

LOL commercial helium comes from the absolute consentration test, currently being carried out.

You're using figures from the drilling process and sold too early.. Costly mistake! IMO

Significant presence of helium consistently found in multiple zone through the drilling process.

It's odds on commercially viable IMO

Expecting a bigger move tomorrow afternoon, who'd want to be out of this over the weekend? Lol

Discovering helium concentrations twenty times higher than the background levels could be considered substantial and commercially promising. However, the economic viability would still need to be assessed by considering the absolute concentration, extraction costs, and market demand.

I think they'll sell the asset or J/V can't see them going alone.

People are mistaking the helium encountered during the drilling to the actual absolute concentration testing, 7 - 10days for results on that.

Drilling suggests they've encountered a significant helium presence in the geolical formations.

Looking forward to seeing the results to confirm.

The twenty times refers to during drilling it suggests a significant presence of helium in the geological formations.

The absolute concentration testing is only now beginning.

I said it was worth a punt, the criminal discount to the placement made me think they would do this at all costs.

There's going to be a lot of shares traded between now and results.

The shareprice will be volatile but who wants to miss out on a commercially viable discovery?

Well worth a punt NOW

Perhaps they should stop testing to see if it's not viable lol 7 - 10 days for results and then we'll see.

I suspect it will be as they look pretty confident.

No fun here in a suspended share, doesn't pay to go in big and get trapped. IMO

Holding for the results, if it's commercial I'm expecting a possible bidding war.

I said all along it was worth a punt and now I'm going to rue the 5m shares I didn't buy last Friday!!!

Well done everyone

The bottom line is the company needed the money, there more dilution coming from the prospectus and wasn't there also a vote for a special resolution increase too.

Everyone has been kept in the dark long enough regarding the financial situation and production.

If production had halted they should have informed the market via RNS.

Looking forward to seeing where we are.

Someone said the reason for the delay is that theyve found so much helium they're still counting it.

Good luck everyone waiting for results.

The CSS Alpha Global Pte Ltd $250,000 fundraising is termed as a legal mortgage with the license, buildings, land etc coming under the real property security.

The above meets the criteria, where as OCIM offer was not in the same legal framework and would not.

In Kenya, it's possible to use a mining license as security for financing or other purposes. However, the acceptance of mining licenses as security may vary depending on the lender or institution involved.

In Tanzania, mining licenses can be used as security for various purposes, including financing. However, similar to Kenya, the acceptance of mining licenses as security may depend on the policies of the involved parties or institutions.

Https://find-and-update.company-information.service.gov.uk/company/09829720/filing-history

Probably best to read the latest file regarding the $250,000 fundraising, they've have mortgaged everything, mine, mining license etc it's all contained in a relatively low fundraise with CSS Alpha Global Pte Ltd.

Theoretically it would be a straight forward process to take the mine private on default.

Can't see it happening as the loan is small in scale.

Zan, there's been no signed legally binding contract for the larger funding, so it's not a given it will come.

What we currently know is since November they've raised just under $2m, the prospectus is likely to contain another $2m most likely to come shortly after relist.

What we don't know is the financial position and production, for the last 7 months.

If they can use the money raised above to assist with the expansion and show an increase in production, they would mitigate some of the risk for larger funding.