Member Info for Blubay

Cat, I have no idea what kind of paranoid imaginary you inhabit, in which everyone who says anything other than rocket emojis has to be attacked and abused. It’s both tiresome for us and unhealthy for you. It would be great to just to have a discussion on a discussion board without the daily trolling and name calling. Be constructive, you’ll be happier.

Just to check I understand, you took out a short during the share’s fastest ever period of price increase, at 16p, and held that short open all the way up to 29p? Then you kept it open for three years all the way down to the financial collapse and 0.25p placing, when SP was 0.22p? But you still paid to keep it open another year all the way back up to 1p? Then you bought back in two weeks ago, just as it was starting to fall back to 0.85p? I’m struggling to grasp how this works.

And then you invented a brand new LSE account today just to tell us this?

So you paid to keep your short open for nearly a year after the price was 0.25p in December last year and bought back when it was 4x higher? That’s mad.

They also added to that working capital a bit on the last raise. And they’ll be able to use the Colorado project as collateral for potential loans in the US capital market. Developing the Rukwa project would be way beyond the scope of placement finance for a small company like HE1 anyway. No harm in raising some later on a higher SP but no way that can be a primary financing strategy. They’ll be depending on a partner and/or the TZ banks initially. But what really matters to shareholders on a raise is the price rather than the dilution. The last one was just 10% dilution but more than 50% discount. That only happens when you have no options and get held over a barrel by your own brokers. The situation may be reversed in the future if we’re lucky, might even raising at a premium after establishing commercial viability if the investment adds real value (e.g. no-one’s going to complain about the reverse scenario, raising a 10% dilution at 10% premium, or a 50% dilution at a 10% discount, etc).

The licence is a pretty much a given so it’s unlikely to be a big surprise to the market. What the market is waiting for is a clearer assessment of the scale of the discovery and the expected cost of commercialising it. That’s still unclear since the EWT. It’s been set out for the Colorado project, the cost of drilling and processing, the source of funding, the development schedule, and the anticipated revenue to the company. Rukwa is a stage back from that but it will come in time, based on the feasibility study and hopefully a project financing deal. Some patience may be needed though.

No need to email, just hit the 'Report post' button and comment cross-ramping, makes their job much easier

Best not to answer phishing posts looking for forum consensus data on hold or sell prices. Maybe innocent but it’s an also tactic also by boiler rooms to sound out sell targets for P&D or stoploss triggers for shorting.

Account deleted

Margin call for Zoffy...

I don't trade AIM, it's a cesspool, but always looking out for one or two companies that might have a chance at generating longer term value in new or changing markets. Helium's a big opportunity and HE1 seems to be the closest to market.

I've never filtered anyone or presented anything fraudulent that I'm aware of. Since these boards started sabotaging any kind of decent discussion they're mainly only useful for gauging which way the boiler room hoards are running. Been consistently long on this share since March 2021 as everyone here knows, more of a hobby share really. Should probably have sold up the losses but I took the risk of doubling down on the 0.25p raise, which has worked out OK at current prices. A lot of water under the bridge since then but I think they have a decent chance to make it out of the shark pool in the next year, unlike so many on AIM. We'll see.

I'm still happily holding exactly the same number of shares I bought in January thanks and enjoying this week's restoration of returns. How about yourself Cat? Why all the abuse?

The point of doing it is because it’s the main TZ investment conference, same reason she spoke at the mining summit there last year. Nice publicity if it happens but not likely to be stitched up. I’d just trust the company’s estimate of when they say it’s due and see what happens.

17 September submission and anticipated by CEO ’after about three months’ and ‘hopefully by the end of the year’. Could be sooner or later, no-one knows.

At last reporting date (end June 2024) the significant holders were mainly brokers / proxies on behalf of retail customers.

Hargreaves Lansdown 28.7%

Interactive Investor 17.65%

HSDL 10.34%

Barclays Smart Investor 5.63%

AJ Bell 5.12%

IG 3.85%

Some small fund holdings, Future World ESG UK Index trackers (less than 1.5%)

There’s a bunch of old RNS notifications you can look through but around times of placings, Cantor Fitzgerald have declared significant holdings (then reduced under reporting requirement). Sarah Cope (director) set up the O&G investment arm at CF Europe in a previous life, so that’s possibly supportive capital. Then there’s Spreadex as you can tell from the number mad rampy and shorty comments on this board (but again much more significant around placings).

No significant director holdings (but lots of options at higher prices). If I remember rightly there was a significant private holder of maybe 200m shares in the past but no idea if that still holds.

Others may have more info.

It won’t be in the ML application because it’s out of date and the company uses much higher gross field estimates since the phase 2 seismic was done, above 130bcf. But that’s gross unrisked for the whole Rukwa basin, not net risked for the areas under ML application. Everyone is waiting to see what those revised numbers are.

It’s on the HE1 website, LinkedIn and their AIM admission document but it’s years out of date.

It’s very liquid and highly traded. Guess that might settle down once the business fundamentals move to becoming a helium producer. I wouldn’t be surprised if they end up doing a 10 for 1 consolidation in the future, maybe next year after financing the Rukwa project? Or maybe if/when they go for a share listing in the US at some point?

The 98.9bcf figure is also way out of date, from the CPR seven years ago (NSAI, 2016), unrisked gross prospective helium. It's in their AIM admission document. The subsequent estimate from SRK (2020) was upgraded to 138bcf 2U/P50. But that's also four years ago, before drilling Tai. The Hannam research report (2021) had 132bcf unrisked, with 25bcf risked (including net 5bcf for Tai and 4.6bcf for Itumbula). Nothing published since. They could really do with an updated CPR, hopefully there'll be one soon based on all the new data and modelling.