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It doesn't take long to buy, they are not playing Monopoly! Some bought token amounts in the placing earlier this year but as far as I can see Lorna Blaise has nil, nor has the operations director or the chief financial officer or technical director. David Minchin has more than any of them unless he has sold up!
I expect they will grant themselves options but we need to see them putting their wallets where their mouths are.
I mentioned yesterday that our board should have the confidence and set an example by buying shares. Good on Shaun Scott from NH. Our previous executive chairman had a decent holding but all the others have barely dipped their toes in and LB has no shares at all.
Moving up now. The FOMO crowd will start buying in soon if not already. Volume is very low still. I think a lot of us have been waiting for August, then September...
Each to their own but I am amazed at the amount of small trades that are worth a lot less then the cost of selling them.
I don't see any RNS regarding directors' buys around then. They did buy a few on 14 Dec 2022 (All of the directors and some management of the Company have indicated an intention to participate in the Subscription up to an aggregate amount of approximately GBP100k (approximately US$124k). Yet only a few were bought, nowhere near the amount suggested of £100k, more like 100k shares at 5p a share!
Helium One is a different beast with their own rig this time, the previous one was not suitable, simple as that so results were never verified. Still high risk but I doubt holding for a rise until spud will bring in much, if any, gain as the mms are kept up to date by those wishing to do exactly that!
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Rukwa hosts independently verified (SRK-2020) Best-Estimate Unrisked Prospective Recoverable Helium Resource (2U/P50) of 138Bcf, making this the largest known primary helium resource in the world. Helium concentrations up to 10.2% He have been recorded in surface seeps, representing incredible high grade compared to typical values of 0.1-0.3% associated with hydrocarbon by-product production. An extensive multispectral satellite spectroscopy (MSS) seep study over the basin in 2021 also confirmed the presence of these known seeps and has aided our exploration efforts with identifying potential new seeps and understanding helium migration through the basin.
The drilling of the Tai prospect demonstrated a working helium system and indicated the presence of good to excellent-quality reservoirs, thick sealing units and helium gas shows at multiple prospective intervals. The next drilling programme is designed to prove a discovery at Tai and propel Rukwa into a feasibility and development stage.
https://www.lse.co.uk/ShareChat.html?ShareTicker=HE1&share=Helium-One
I have written to the directions asking them to show more support by buying shares. I have more than any them!
Ian Stalker had over 11 million but the others need to show they believe in the company.
Russel Swarts 100,000
Sarah Cope 212,524
Nigel Friend 100,000
James Smith 140,000
Robin Birchall 40,000
Lorna Blaise 0
taken from, https://www.lse.co.uk/DirectorsDeals.html?shareprice=HE1&share=Helium-One
You can remind them their support would be appreciated by sending them an email - info@helium-one.com
I think maybe this morning's article in This is Money by Alastair Ford has contributed to some buys with more on the way as people check it out.
Here's the link again for anyone who missed it:
https://www.thisismoney.co.uk/money/investing/article-12357303/SMALL-CAP-IDEA-Helium-One-likely-turning-point-buying-drill-rig.html
Helium One
Helium One (AIM:HE1), which holds licences in Tanzania highly prospective for helium, one of the world’s rarest and most important commodities, has long tantalised the markets. But with drilling due to start this September, this prospect has shifted sharply into focus.
The company holds 18 fully-owned prospecting licences covering more than 4,512 km2 in three project areas at Rukwa, Balangida and Eyasi. Rukwa is currently the most significant, with a Best Estimate Un-risked Prospective Resource of 138 Bcf, potential outcomes ranging from 30 Bcf to 521 Bcf. Helium concentrations of up to 10.6pc have been recorded in the field’s surface seeps, well above the grades of around 0.1 to 0.3pc yielded when helium is produced as a byproduct from hydrocarbons. Eyasi and Balangida are at earlier stages of development.
HE1 says Rukwa’s P50 resource of 138 Bcf has the potential ‘to supply the entirety of global demand for over twenty years, or 10-15pc of global demand for more than a century’, a projection backed by academic research drawing on sample data collected from all three project areas. The study indicated that the ‘Tanzanian East African Rift contains most, if not all, of the prerequisites for an economic helium province’. Helium is essential for a wide range of cryogenic, scientific and manufacturing processes.
HE1 began its maiden exploration programme at Rukwa in 2021, drilling carried out on the field’s Tai prospect indicating ‘a working helium system’, with quality reservoirs, thick sealing units, and helium gas shows at multiple prospective intervals. But in July HE1 supercharged its prospects – and share price – with the successful acquisition of a drilling rig. The rig, which is currently being mobilised, will be used to drill Rukwa’s Tai-C well with September as a target spud date. Rig ownership provides a platform that will enable the company to move quickly into an appraisal phase, which if successful will allow accelerated exploration on the Rukwa, Eyasi and Balangida projects.
Despite Rukwa’s evident promise HE1 has long been something of a speculative venture. But with the mobilisation of a rig the company is now a prospect which can be measured by something other than aspirations. HE1’s fast evolving story is well worth following this year. The company’s share price at the time of writing was 8.74p and its market cap £72m.
https://total-market-solutions.com/2023/07/does-lower-inflation-mean-better-times-ahead-for-small-cap-investors/
Photos can be deceptive and I am no expert but the pad looks about right, the rig etc has to fit on it. I guess the compound will fill up with portacabins, tanks and all the other drilling paraphernalia.
You really are a de-ramper, aren't you? ART123. Either get on board or please jog along. Checking out the rig was an obvious thing to do, it was the subject of a legal problem, when that was resolved it was up for sale. Do your own research instead of asking de-ramping questions.
ART123. They are funded for the drilling but may need extra for a second well (and will need extra funds if and when a discovery is made). This is already in the public domain, here:
'The company is fully funded for the planned well, following a £10mln fundraise in December last year, and there may even be enough for a second well, depending on outcomes.' - Lorna Blaise (20/07/2023). Please do you own research and stop scaremongering to get the sp down so you can buy in.
1.
The Masked Stock Trader
@ProAIMTrader
#HE1
I've been on the phone all afternoon with people who were either at the roadshow in the city this morning, or with people who know people who were there:
Main points:
- There's no plan to raise fresh equity before any discovery.
-Loads of PR being set up for August.
2.
The Masked Stock Trader
@ProAIMTrader
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2h
#HE1
The trucks for the drill rig are now on-site and being unloaded.
They're planning on spudding very late August/early September.
Drill team expected to be finalised in the next week or so.
Drilling pad is all poured ahead of schedule and curing.
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#HE1
The final long lead items are on-site.
The camp is all sorted and the firm are working very closely with the government re. logistics.
They reckon one well should take ~2 weeks to drill and one week to appraise on a discovery.
Blastoid7. I don't use tea leaves I'm afraid but I do use the Moon, Mercury, Jupiter and Uranus as they are often indicators that something is afoot and so far they are proving correct on all three. Tomorrow looks auspicious for something but that could actually be unconnected. We shall see.