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Off the top of my head I seem to remember that this predator rig is capable of drilling 100 metres a day.
They will have passed the level where they encountered helium shows in 2021 (at 70.5 metres).
I am assuming they have already done some mud logging tests and I would be very surprised if these don't once again confirm the presence of helium.
It would be very unfortunate if the helium, after taking millions of years to form, has seeped away in the last two years.
I agree with others on this board that these helium shows are fully expected, but I still think that a video on twitter/x showing Helium One staff testing and confirming the presence of helium may be of benefit to the share price.
Lorna's last video on twitter has had over 10,000 views. Every little helps.
What I am really hoping for is that we have a nice smooth drilling operation, all the way down to the basement. No need to sidetrack, no significant wash outs, and with the higher specs and capabilities of this rig that is more likely than it was it 2021.
The share price has been acting like a monosyllabic teenager, moping around their bedroom.
Now is the time for the share price to reflect the fact that this is (in my opinion) one of the best prospects on AIM.
Well another placing has come and gone.
The big boys in the know benefit and we the long term private investors don't.
The £0.5 million retail offer was pathetic.
If HE1 had offered the shares, in previous placings, to pi's the reduction in share price in the run up to this placing would have been less severe, in my opinion.
Helium One now to carry out two drills (something I had predicted - makes sense financially) and along with Noble's two drills - four chances for discovery.
If Noble hit this will benefit HE1 and vice versa.
It has been a long wait but now the fun begins.
I have double checked Skittish and you are correct.
TR1s only need to be completed for all companies on the main market.
With AIM listed companies it is only the ones that are UK-incorporated for which you need to fill out a TR1 form.
So you were right and I was wrong.
Example of a TR1.
"Scirocco Energy (AIM: SCIR), the AIM investing company targeting attractive production and development opportunities within the European energy market, announces that, further to its Helium One Limited ('Helium One') TR1 notification released on 30 April 2021, Scirocco has sold a further 7,450,000 ordinary shares in Helium One since that date, for proceeds of c. £1.60 million, reducing its holding in Helium One to 9,556,088 ordinary shares, which represents c. 1.59% of Helium One's currently issued share capital."
Willy66
In 2017 Helium One had a "strategic partnership" with Hybrid Enterprises to use Lockheed Martin's hybrid airships.
They were going to transport the helium from Tanzania using the airships.
I am not making this up.
Market makers, for some large trades, can publish up to three days after execution.
It is set out in the Markets in Financial Instruments Directive II (MiFID II).
This came into affect when Britain was still part of the EU, but I still think the LSE abides by it.
Don't get me wrong I aways read Skittish's posts and appreciate the work that he puts into them, but Lorna's reaction did make me laugh.
Skittish should be honoured, he was virtually name checked in the HE1 presentation.
When the person asking the question mentioned satellite images and Sentinel we all knew who they were referring to.
I can understand why HE1 are being coy about the cost of the rig, as they may be able to charge someone virtually the same to lease the rig as they paid for it, but surely the cost of the rig will show up in the annual audited accounts?