Member Info for Blubay

The stabilised well flow averaged 15,000 bbl/d, yielding an average of 6% gas by volume. That’s about 5,000 scf of raw gas at surface, in which the average helium concentration was 5.5%, or roughly 275 scf helium or roughly 7,800 litres.

To be fair, one poster is hardly a short attack and the P&D crew are usually much more active in using post bombing tactics. I think it’s just a normal AIM pattern that more volatile shares like HE1 see a bit of price decay when there are gaps in news flow. Those in search of quick returns often move on elsewhere and others have stop losses.

Sounds like a sensible approach to any share holding on AIM. Personally I normally try not to allocate more than 10% portfolio to AIM or 7.5% to any one AIM stock but each to their own.

Which bit do you consider fantasy?

HE1 has a great approach to risk balance for an early stage AIM small cap. They've taken enormous risk in raising tens of millions to pursue a high risk long term venture (betting low chance of success versus industry changing potential) and they've mitigated that by diversifying into low risk near term cash generation in a safe market, while securing all that market finance with zero debt. I'd say that was quite impressive really, albeit at some cost to the share price but that's fairly typical for AIM, so not unusual.

Really? So you're saying that you didn't sell a single share and you're now 'well in profit'. You can only be in less profit than you were before the CLN agreement as the SP is a third lower now than it was then, less than half what it was last summer, a quarter of what it was two years ago, one tenth of what it was three years ago. You've been telling everyone here to hold every day for years. If you had followed your own advice you'd have been decimated.

Sure, but you do understand that they are not the operator of the project and cannot make any announcement to market about it's development or revenue unless the operator makes that public?

I simply don't understand your fantasies on this board where everyone is a short troll unless they shut up and like your AI copy and paste posts. It's utterly ridiculous. I haven't slated the company at all, let alone for months. I have a positive view of the company's prospects as I've said over and over again but I'm not suicidal with my capital. If there's news that poses a risk to capital retention then I'll sell. If that risk stabilises I'll buy back in. Only a complete idiot would have bought or held shares going into the CLN financing agreement, unless they had tax loss reasons. As I said, I sold all my shares the morning that RNS landed and, as I said, I restored my holding when the RNS landed that the deal was closed. It's perfectly rationale behaviour unlike the insane self harm of those on this board telling everyone to buy and hold every day from 0.9p down to 0.3p (while the same people were trading short). Obviously, the ESP results from Rukwa weren't what we hoped for but they weren't a disaster, they just need to try again there and with more knowledge now. In the short term I would be long on Colorado and cautious (but not short) on Rukwa. I would expect positive developments from Colorado before new financing developments from Rukwa, so at the moment I'm net long. What's the problem?

No, I would expect a forward looking statement but unless the operating company has released details to the market before HE1's earnings statement goes to press they can't include those details.

Why would I want to get in at a lower price? I have enough shares for my risk appetite at the moment (maybe slightly more) so I won't be buying any more just now. Like everyone else, optimistic about developments in Colorado and waiting for news on initial helium revenue, well and plant optimisation, CO2 production, and possible infill drilling.

The March results publication is for the six months to 31 December so it won't include Q1 activity unless they choose to add commentary on post event developments.

There was more than a 30% share dilution since a year ago, which might go some way to explaining that, although agree that production and revenue news should be a positive.

Yes BNL’s tick up to 0.007 on the Ask looks positive, that’s 40% up so hopefully it means they’ve cleared the subscription raise at 0.005 and there’s anticipation of cash flow (very hard to gauge BNL prices though with the artificially wide spread and little trading market).

How many shares were in issue? What was the mcap? It’s the mcap you need to consider rather than the face value of each share.

I think you could choose to read the RNS either way. They already reported the commercial milestone so it’s really an open question whether you’d expect another quick update or something more consolidated

“The Operator reports that a significant commercial milestone has been reached with the plant currently filling a tube trailer with refined helium gas for sale under established spot-market arrangements.”

No real time constraint on storing helium gas, could sit in a tube trailer for years if maintained but only 30-45 days realistic shipping range for liquified ISO containers and that’s the key issue impacted by the war. Galactica will be selling their trailered gas to a purification plant where it’s also liquified for that kind of supply.

You’re making an assumption that there must be an announcement of the first tanker to depart. The other key thing that was happening was site meetings involving both BNL and HE1, and with potential of takers also visiting the site. I suspect there may be a bigger announcement to come beyond one tanker. Might be wrong but I wouldn’t jump to assume there’s a hitch until we get towards the end of the month/Q1.

This is a bit out of date now since HE1’s target play moved on from trap seal reservoirs towards tapping richer sources from the basement fractures more directly.

Jbatch - to be fair, the pump and dumpers have taken vastly more money out of retail hands on this share than any shorter, over and over.

Credibility rarely enters into these discussion boards. Kread is short and posts worst case scenarios to encourage sells. Toffers is long and post best case scenarios to encourage buys. Both are wildly off the mark. Kread’s income projections for Galactica are probably half the realistic cash flow. Toffers’ estimates for Rukwa are probably double the realistic helium flow. It is what it is.