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Rick - "Answer: Today."

So you're confident the Ask will be below 6p in the next two hours? What price is your buy order in for?

It's really not ambiguous. We might get more, depending what is deemed to constitute inside information, but at a minimum.

"once TD has been achieved" - for which they give an estimate of two weeks drilling (with continuous mud logging and onsite mass spectrometry)

"and once the logs and initial analyses have been completed" - for which they provide a further estimate of two weeks for wire line logging.

When?

3.5 million at 6.6p on the opening bell, buys orders will get filled quietly for late reporting. Think that 6.10p was the bottom though

Good to see the volume picking up today anyway. Looks as though the spud selling was cleared this morning from 6.66p to 6.10p, with 13 million shares traded before lunch against a recent daily average of 16-17 million. This afternoon could be interesting but let's hope for a steady consolidation and then see what we get in late reported trades at the end.

3.5 million shares shifted at or above 6.6p this morning (10% profit), spud sellers seem to be out now and above placing price

Spud price this morning was at least 10% above placing price so it's no surprise to see RNS sellers in early

"im bitter about the placing as without it this could have been 15p"

Are you mad? Without the placing there would be no drill and this would be 2p

It was 10p before there was a placing/dilution. You can't really use a benchmark of mCap with a different number of shares in issue.

"my expectation without a placing was that this would be at 15p on spud"

And lots of people told you that was not a very realistic expectation

I don't see any trades under the placing price of 6p?

The 2U/P50 of 138 bcf is for the Rukwa project as a whole, and that figure is from SRK in 2019.

On the other hand, I imagine short term investors will start getting nervous if there aren't announcements of mud log gas shows at every level on the way down

For goodness sake, of course they've arrived, as expected, as planned. The RNS couldn't be much clearer - "all drilling crew, third party services equipment and personnel onsite"

If you look back to the research notes published end of 2020 you will see comparisons of the unrisked NAV for the various different prospects. At the point HE1 were hoping to drill Kasuku, Itumbula and Mbuni in 2021. The assumed Gross and Net bcf were given as 5, 5, 7 and 4, 5, 6 for those three, respectively. Oxford University took macroseep samples at Itumbula in 2016 showing the deep gas concentrations between 8-10% helium. The NAV for Itumbula was about 3x that of Tai (5.4 P50 unrisked with 10% P50 CoS, 0.5 risked, compared to 1.7 with 15% CoS at Tai, 0.3 risked).

https://cdn-ceo-ca.s3.amazonaws.com/1funjk8-Helium_One_Initiation_note_Final_14_Dec_2020_RB2.pdf

“ After TD has been reached, Baker Hughes will then rig up and run their wireline tools. …”

It says, after TD has been reached?

Read it as a positive. If there’s no hype on an AIM share RNS then it means they’re fully funded. Excitement usually means the company are building for a raise. I’m very happy that there’s a larger and steadier ship here this time. Also delighted that they’re further embedding mutual benefit collaboration with the University and the Ministry in Tanzania.

Some of the swing trade money will certainly be split this time between HE1 and NBL, so less volatility and steadier build on both I suspect.

This is nonsense Coco, and not for the first time. There was no delay or fault in planning. It is a huge credit to management and team to have pulled off such a complex logistical pathway on time, as planned.

With respect, that’s not the case. There is nothing negative or contingent in the RNS. It gives a full account and gives a lot of confidence about the process completion right through to lab results.