Member Info for British_Mike

Is it just me or did anyone else assume DM was already there for the start of drilling? Lol, most important company making operation going on and not already there keeping an eye on things.

Better late than never :-)

So is anything trapped above the lakes red sandstone base non-commercial due to weak structure of reservoir rocks (can't be flowed)? Or, can a pruduction well design reap upper-Helium as a bonus? Thank you in advance

Did the chart see Helium shows at 70m?

The market cap is £100m-£130M as there's potential for massive upside yet with failure no revenue... nobody knows how to price HE1 hence jumpy share price. Everyone buying likely been up or down at some point on this speculative stock.

What a load of tosh trying to chart HE1 like it's a predictable stock such as Tescos.

30p in a month based on trading averages lol. If there's commercial HE1 at the end of drilling Tai-1 this will be £1+... if there's not, it will be 1p+ etc.

https://youtu.be/WM2DhWIX6yQ

MOU-1 Spud - Well done Paul and the PRD team. It's been awhile since I was hoping for a nice gas payzone over oil - sign of the green times! Goodluck all!

If all 3 wells are dusters... plan B surely is to place a massive dome over Rukwa and collect the 10% helium seeps! :-)

Thanks, but surely SDX know if they hit gas pay zone(s) from wire logs?

"The additional evaluation work related to the overlying reservoirs continues to progress, and it is the Company's intention to update the market by the end of the month once final analysis has been received from our third party partners and consultants."

This could be massive!

Anyone know how SDX Energy's drilling went?

Paul Atherly is a confident man and showing his worth in this field. I believe the ambitious Saltend move is just the start and he has bigger plans. Need to walk before we run but Jubilee metals-like expansion plans once IRR is comfortable and revenue rolling in

Thanks China, I am aware Longonjo is open at depth and in all directions.

My suggestion of taking on more feedstock is years away - when PRE could be building more 'Saltends' in various locations in other countries to supply Europe with minimal carbon footprint.

If PRE can get the first processing unit to supply Europe in over a decade they will be able to repeat the process and won't rely on just Longonjo ore supply.

Many minnows will pop up for the NdPr gold rush... few will survive in this niche business with their half-proved up resources and PRE could take advantage cherry picking decent looking deposits?

How is this undervalued compared to JLP? JLP has a high P/E ratio as the copper side of the business has yet to be fact. Once the copper is factored in the P/E will be similar to THS?

Yes maybe. Lynas supplying Asia/Japan MP North America - still room for a REM major in Europe. PRE could have been constructing their mine by now and selling ore soon. Instead PRE has been setting the foundation from mine to magnet. PRE will go from 'dreams' to massive very very quickly imo. Especiallly if they can get the UK and Angolian Government on the same page.
PRE's mine in Angola is enough to supply one VW electric vehicle contract. PRE will be hunting down new NdPr deposits for feed supply as soon as secured funding

If PRE secure funding for their entire project on favourable terms before the other London liste REM companies - I can see PRE buying out/JV with RBW's Phalaborwa stack (especially if RBW ends up in court over the Burundi/Gakara issue). PRE also taking out/JV with MKA for their high quality ore supply to feed PRE's Saltend processing... and to gain access to patent magnet recycling technology MKA has access to.

All with PRE being the one calling the shots. Can't see all 3 companies going big - the rare earths only has room for one major in London when things heat up or they all get swallowed up by Glencore/BP/Shell etc.

Hopefully PRE will be a multi-billion mc company cherry picking what they want. Then growth buying up more small REM mines around the world from depressed minnow companies.

D220 - Indeed, my top-up today was to hopefully offload during drilling hype to hedge my core holding. He might aswell enjoy some benfit of getting KAV where it is today.

Bought more around the all time high despite main holding bought below 4p.
£21m mc at 5.9p/share... this has a 7-10-bagger in it before the drill hits TD

Hinkais - Especiallly at the less explored ZPHR end of the Paradox that ZPHR is about to unlock

Paul rightly received his share loan back and all in order at MOU-1 - it's game-on! A juicy gas discovery as England wins the Euro will be the icing on the cake. Well done PRD team.

A2 being drilled this month! Awesome news, great work KAV!