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There is nothing unusual about the timescale. They aimed to commence commercial production in 2025 and they appear to be on track to deliver that, which would be remarkable

Yes, very possible. They do need a concrete prospectus to raise though. They’ve already ordered items for drilling, new rig manager, and will need to assess the tender responses for services (closing date today). The RNS suggests they have not yet decided on how to re-enter Tai (pending costs/timing). So I think there are one or two items still to resolve before drafting prospectus.

Best part of 40% up on speculation this week, so the RNS leak and publication appear to have done the job for now. Could do with building a bit more headroom but presumably they will want to keep the next placing above 1p and as close to 1.5p as possible, given the strategic investors who came on board recently at that price.

2025

I don’t think you understand what that means. That has always been HE1’s usp. They are prospecting for geological plays that produce primary helium sources, rather than producing helium as a secondary resource from hydrocarbons. Primary plays are far more profitable at lower production costs, and this would be a world first. But the good news is, they have found it.

How on earth did you manage to sell at a loss?

The ones screaming were banking on there being no news until Q3 so they could continue to short an extended price drift below 1p during the quiet period. The RNS confirms a couple of things that disrupt that narrative. Concerning the prospecting licence to a mining licence, drawing up plans for production facilities, confirming the assumption of a commercial wellhead off-taker, etc.

Brilliant, a licence to mine actual commercial helium out of the ground (rather than a licence to search for it). Transformational. One step at a time.

It’s brilliant news, and confirms the commercial planning alluded to in previous news. Moving from prospecting to actually mining a valuable resource is massive. Obviously it requires substantial investment but that does not necessarily mean what you think it means.

The plan has always been to aim for commercial production in 2025, and it looks like they might achieve it. It’s been a long road, and more to go, but this is shaping up to be one of the biggest success stories in the history of AIM.

That’s not what the RNS says, be sensible

No longer a prospecting company, but a mining company, gearing up for commercial production, bingo!

The FUD brigade are going nuts clearly this morning, but make no mistake. This is brilliant news.

Great to have an update and absolutely brilliant to hear they are already into planning for commercial production facilities. Clearly no doubt about the commercial potential of the resource, and the resolve to extract it. Concerting ‘prospecting’ licences into ‘mining’ licences! First steps but that’s a game changer.

"Working in her role minimum of 80k a year"

I rest my case, probably no realistic savings at all for a young family on a mortgage in London with childcare.

It's been asked a million times, but basically there is no such thing as buys and sells. There are trades, and for every trade there is a buyer and a seller. But what most traders are interested in is just one side of the trade, whether other traders are buying or selling from the brokers/MMs. Websites like this one often show a list of 'buys' and 'sells' but it's just the product of an algorithm that logs the time stamp of each deal and the market mid price for the share at that time (allowing that different MMs offer/ask different prices). If the actual trade is above the mid price then it shows a 'buy', if it's below then it shows a 'sell'. Sometimes the algo gets that wrong, especially if the spread is narrow, but overall it's inconsequential and the algo is a reasonably reliable guide.

It’s a brave IPO strategy, although not without risk. Oversubscribe the offering but turn down all the excess funds, hope unsuccessful subscribers bid up the SP to get in, and handsomely reward those who can sell their preferential shares. Then raise again discounted from higher price.

What kind of savings do you think a young working mum living in London on a geologist salary might have?

And where on earth do you think she'd get 800k from?

And another cut and paste post, how much do they pay per post?