Member Info for Blubay

Fake posters always have perfect trading records, they all bought every share at the bottom and sold at the top

If they’ve any sense they will secure debt to develop Rukwa against their 50% share of Blue Star and keep control of their own assets

*when

Why do people expect multi bags? Why would an early stage company allow their share price to multi bag then they could capitalise on the market?

The company’s mission is to become a global helium producer (Helium One Global, clue is in the name).

It’s not flowing 766bpd of helium. The helium is 5-8% of the flow, so approximately 6,000 to 9,000 litres a day from one section of one well. So potential market revenues of $60k to $360k per day minus operating costs (from that section of that well). Very rough ballpark figures though, and production development would involve multiple wells. The original plan was for six wells producing roughly one full tanker a day, worth about half a million to market.

Roughly so. The key point from the end of the interview is that they’re going ahead with submission of a mining licence application before 17 September, which means they’re confident of a commercialisation opportunity.

Mining licence application (for commercial extraction) to be submitted by 17 September

You’re not investing in the company, you’re just betting on the future price of its shares. It’s not the CEO’s job to massage the egos of unsuccessful AIM traders.

Cynosure isn’t a finance company, its strategy aims to support client investors in wealth generation through long term investments

Broker target now 3.44p, which seems realistic

“This company can do what the hell it likes with our money.”

They’re not doing anything with your money because you’ve never put any money into the company. The money is from clients of Cynosure capital. All you did was buy second hand shares from another shareholder.

Up to 7.6% (average 5%) helium concentration (purity) in a flow of 766 barrels per day of fluid just from the Karoo layer. Considerably more than many commercial helium wells and no hydrocarbons. A production field would involve drilling multiple production wells, like in the Blue Star field in the USA.

EWT from basement will be another story, and hopefully an even bigger one.

Only in the fantasy world of FUD posting

If they can divert a commercial helium flow from the Karoo layer without hydrogen then happy days, lower production costs for the cash flow. The high temperature basement system is more likely to be associated with gold hydrogen, different engineering challenges (but additional income streams). If the EWT shows that the well design has worked to separate these two flows via the Christmas tree then they’ve done a great job.

Yes, Cynosure is the sole investor in this raise and their business is focused on making long term wealth generation investments on behalf of individuals, family or foundations. Their investment strategy is event driven, which suggests they think a wealth generating event (discovery?) is occurring.

For sure, it’s not ‘commercial’ until they have a mining licence to extract it. That depends on the EWT and the rest of the feasibility study, engineering costs etc. However, we know it has that commercial potential which is progressively derisked at each stage. We’re way closer to that now. Each investor can choose their level of risk exposure but investors would be more likely to scale in at this point than scale out.

The first EWT is from the Karoo level not the basement level

It’s only a 6% dilution

Why don’t you think >9,000 litres a day sustained helium flow from one section of one well is commercial?