Member Info for Blubay

They might have been downloaded/uploaded there?

That triangulates with a distance of approximately 120km from Mlowo on the Dar es Salaam highway, which I think was noted in DM's presentations?

"Helium One would like to thank the Village Government Councils in Kamsamba, Mkonko, Usoche, Mpapa, Masanyita, Kasanu, Lwate, Samang'ombe and Itumbula villages, District Commissioner (DC) and District Executive Director (DED) for their continued support of the project."

As far as I can tell from the seismic campaign maps, Tai is a plot nearest the village of Kamsamba ?

that's not where the Tai drill site is though?

and updates from DM https://www.reddit.com/r/HeliumOne/comments/n4ph7p/david_minchin_joins_proactiveinvestor_for_a_new/

Have a listen to the consultant from H&P from the horse's mouth
https://www.proactiveinvestors.co.uk/companies/news/936601/helium-one-has-a--unique--place-in-the-market-with-exposure-to-primary-helium-936601.html

Newsletter at the end of May said 'in the next two weeks', what's the problem?

I think it's really not really comparable with risking a conventional hydrocarbon prospect drill but on paper the risk assessment seems to be perhaps half? Remember there are at least four drill sites, each with a diminishing chance. H&P NAV risked the campaign as a whole at 25p/share. It would be wise to weigh up the rigour with which HE1 arrived at these drill targets, the geology and revised seismic detail, the number of target sites available, and the cash and shares available to pay for them. DM and H&P agree the helium is there, the risks are in hitting the sweet spot location on the reserve and the obvious mechanical/logistical uncertainties of getting through 1200m of sub terrain in one piece. Unexpected delay/expense could be an issue but the drillers are also moving to payment in shares. On the bright side, the drill seems fully funded, it's not as wide or as deep a bore as most hydrocarbon drills, clear weather, good road access, rig is on site, community relations, relative political stability. The purification risk also seems pretty minimal judging from the surface water leakage samples. And of course do you believe these people are telling it straight to their investors? It's a judgement call for all of us and only a few are experts in the field. DD definitely required, GLA

I suspect Tesla will be well aware that the 4 BTC will be worth $400k by Christmas!

likely it will bounce around a bit in the current downward channel between $32k and the previous support line at $35.5k, agree that it's unlikely to break through there before Thursday, if it goes up there at all. No doubt we'll all be surprised as usual.

NB: ...*if all goes well* = higher risk, higher reward, DYOR GLA :-)

@rooblertwo - I don't think these comparisons of different commodities/assets.

It doesn't make sense to value BTC assets in current account cash (you need to value them in BTC) because ARB don't sell any BTC. Their business model is to accumulate/hodl BTC this year against future price modelling etc. Price reduction is actually a short term advantage because of increased hash rate and their efficiency/margin is better than competitors. There should be a reasonable assumption of 100% from where the SP is now within a few months and the last valuation was around 220p.

HE1 is prospecting, and not yet producing, Helium to market so maybe there's a parallel and future global demand/price prediction for the commodity is also a significant factor in the valuation but it's at a much earlier stage than ARB as a business so there's greater risk-reward. It doesn't seem too far fetched to hope for 500% in the same time period on today's SP if all goes well. The most recent valuation was 25p NAV risked or 128p.

seems to be holding quite well and maintaining a more steady parallel tracking above relative BTC price trend. BTC down 19% since January spike, still ARB up 6% (a 25 point advantage for investors in ARB compared to investors in BTC). As discussed before, let's hope that ARB maintains it's amplified leverage on the upside while cushioning on the downside as the business develops and the hodl increases.

@kevin @spacetomato

"If we had common sense we wouid look on face book and find someone in tanzia. We could pay they to sit and watch the drilling and as soon as they have news notify us immediately thus reducing our risk."

Here you go... https://www.facebook.com/Kamsamba-164564540795568/ ;-)

To save you the detective work, check the monthly newsletter published end of May http://www.helium-one.com/2021/06/01/helium-one-company-news-may-2021/

There is plenty of interest and buying going on, although it's been balanced out by a large seller of tranches matched to these buys which is why the SP hasn't risen but the demand is there.

Yes, nice to have a breather from the battle of the trolls (on both sides). The thread starters will be back in a few hours when they wake up in South America ;-)

It's possible and there has been a significant shift to short options after a recent shift to longs but the market can't be controlled for any sustained period unless there's incredibly low volume (then again, note that the action always happens on cue in the downtime after US close, last night it was literally on the bell).

Price to mine for ARB is somewhere between $7.5k and $15k depending on timescale and what you want to cost in. Huge headroom for market fluctuations from our 80+% cost margin.

Agreed, ARB's business model is based on hodling not selling so BTC price has no impact on the business operation in the medium term (this year) and may actually increase production rate if hash rate is lower. Other miners whose business model is based on bringing coin to market are worse affected, particularly small miners without preferential energy supply deals. Fluctuation in Zcash might have some effect on paying the bills if it stayed low perhaps. Otherwise, all good for Argo.

@johnny - "efficiency went down to 82%"

You mean from 84% to 82%, so not down at all then?