Member Info for Blubay

Person sounds like a very valid opinion anyway. It's "pending the release of an announcement regarding an acquisition by the Company" (insert commas where preferred but it does sounds like an acquisition by them)

MSMN acquired interest in the Vecta helium project in Colorado, to start five exploration wells this month. They also acquired new seismic in Australia, and they were looking at additional helium project evaluations. They don't have much money but raised over £1m in September to "Pursue and progress identified helium projects, with a view to expanding the Company's helium portfolio". But then only yesterday they announced a lease on tribal lands to explore a new helium project there, so I'm not sure they'd announce another one.

Whatever happens, the Rukwa project will be commercially developed by a new SPV company established in TZ, in shared ownership with the government because that's the legal framework there. The SPV will be the company applying for finance and the government will need to agree to that. But I've always thought that establishing as a US helium producer in Colorado opens the possibility of access to the US capital markets for part financing Rukwa, using Colorado reserves as collateral there.

"What are your thoughts on Blue Star Helium being acquired, with news to be announced before 27th December?"

I think the wording of the ASX letter is ambiguous on whether it's an acquisition 'by' or 'of' BNL. Maybe they're buying MSMN's Aussie helium licence ;-) (although goodness knows they've no money other than the $1.5m consideration from HE1). Maybe they're following HE1's example and acquiring interest in a drill/company to accelerate development in Colorado.

Certainly think an HE1 acquisition 'of' BNL or their share in Colorado is possible one day, and their mcap is tiny, but HE1 doesn't have unallocated cash to spend either. If there is an acquisition pending 'of' BNL by a larger party that could suggest a future partnership for HE1 too, or alternatively a hostile move to control HE1's cash generation options in Colorado, making them also a takeover target. But that's all a bit cloak and dagger. Let's assume it's either a positive or of no consequence to HE1.

And not one single troll account comment for the whole half day trading session, what a remarkable coincidence

"the tanzy authorities do not have the in house expertise to verify any of this internally but would evaluate the information provided and confirmed by the 3rd party specialists ( who they do know) involved in the process."

notably the university in DeS and the national geological survey have been on this since the beginning, including secondments to the drill and test

On the project GANTT chart before the EWT, the task "Commission Production Facility and Award of Mining Licenses (MLs)" was pencilled in roughly mid September to end March.

Sure, to put it another way, the hoards on forums aren't the cause of coordinated market moves on shares, but they are a symptom. The most useful thing about these boards is often just as an early warning barometer.

No single post is likely to have any effect at all. That's why the more organised attacks rely on washing all the forums simultaneously with negative or positive sentiment threads to give more of a general impression of FOMO or FUD. At the same time there's usually a concerted effort to swamp out or attack any kind of evidence based posting or critical discussion so the forums remain dominated by mood messaging. Once the trading objective is reached the hoards of posters simply vanish. Very easy to see on this board who and when. Yesterday's attack was coordinated. Exchanging different opinions in a chat is another thing altogether and ought to be encouraged.

And without naming any names all three of those functions might even reside on different desks within the same company

Hope that puts to bed any doubt that anyone posting claims of imminent placements here is either misinformed or making false claims to try and manipulate the market. Not only is there no evidence of any plans in the medium term, but the finance director clearly ruled them out, and the Board has no current authority to do them.

For clarity, I checked and yes the approved accounts remain final and will not be revised.

Also yes, the Board will seek approval from shareholders for authority to issue shares, if required in the future.

Hope that helps.

More likely their next ASX release will be the pending acquisition

Good luck in your investments Warrie.

Posting false or misleading information with the intention to manipulate the market would be a form of market abuse and is explicitly mentioned in the LSE chat rules.

https://www.lse.co.uk/chat-rules.html

Obviously they do it to make money, or at least in a mistaken belief that commenting on a BB moves the share price. When people bet short they post negative nonsense, when they bet long they do the opposite. It’s sentiment based trading so it doesn’t need to be true or factual. The intention is just to create an impression that shareholder mood is negative or positive, and to try to manipulate the market accordingly. Sometimes it’s organised, sometimes not.

This is an internet myth, best not to spread it further.

Because when you watched it at lunch time you were negative and when you watched it two hours later you were positive, and the change in mood coincidentally mirrored the price timeline.

Last time I looked the SP was up nearly 20% on the 6 months and 250% on the year to date, with no placement on any of the hundred days or so you’ve announced one. So I’m not too sure what you’ve been right about.

You can't just post misleading lies, they literally confirmed yesterday

12 months cash solvent with zero debt

cash revenue planned within 6 months

confirmation of no placings within next quarter