Member Info for BuildersBum3

Borgo knows nothing and never did, been wide of the mark time and time again.

Best to ignore.

BB3

I didn't post how many I picked up on the TSX this afternoon because it would just show you up for what you are... clueless and wrong.

BB3

So, looks like the low 80's.. just saying. Punter666

Anyway, for thoes interested, it looks like the timeline for temporary production legislation will come to a head in May 2026 with a decision point.

If we are to be producing ASAP then this will be something that has to fall into place. I'm sure sesnse and pressure will be applied to get it agreed with the way things are in the US WRT Helium shortages etc.. Anyway, my point for the post is: This news will be a positive SP driver around communication of the agreement of this legislation (or temporary legislation that this is), because without it there will be no production within at least the next 12 months. Legislation moves very slowly, and it is a risk to near term production without it.

-------

gasproductionrules.mn.gov/project-timeline.html

Project timeline

This simple timeline shows how the 24-month expedited rulemaking process will take place at the same time that the Gas Resources Technical Advisory Committee works to develop a temporary framework for the permitting of gas development projects.

Recommendations and draft legislation have been submitted on January 15, 2025. Permit applications cannot be accepted unless the legislature passes and the governor signs enabling legislation for permitting gas development projects under a temporary framework.

If that legislation is not passed, then the moratorium still stands and no permits will be issued until after expedited rulemaking is completed. A notice of intent to adopt rules must be published by May 2026.

Taken another 40k in 4 trades a few mins before close.

Not sure if this is bad news on the way, or just fun and games by the market big boys.. bit i'll bite a bit more.

BB3.

Looking at the size of yearly retainer base cost, and the explicit highlighting of additional fee structure, as well as their links to EU political institutions and the German government.... The deal with DGWA looks like their route to tap Grant and strategic development budgets rather than to just 'raise capital' via private placements.

The private placement costs seem normal, but they have oak and bancorp for this as well as plenty of working capital. They also don't seem to have any issue raising through canadian, us and london markets with their listings.. so why the need for DGWA.

They are after the grants and development budgets from the EU.

Nice.

BB3

Yep.. just as you say Rpoodle..

They have been very quiet operationally, with an awful lot of movement in the background (director changes, insider sales, comms around the company etc..).

I revert to my. Problems? Delays? Or just slow? thread which one postet took offence to.

We are 20% down from there and now over 30 days since pulling out of JS7.

This was the first bit of information i have seen that kind of implying they are flow testing now... but it could also be a slight slip and could be they are ready to flow.

The lack of comms around this is not Ok, considdering it is their own communicated timeline that has slipped (if indeed it has). Maybe that is the point.. i.e. they cannot communicate, nor can they commence the flow!.? That would sound like a deal is cooking and hasn't come out the oven yet?!?

Either way, the comments from the clip confirm down hole testing is complete if im not mistaken.

So... the pressure is building and the price is being walked down..

Going to be a big move one way or another.. maybe even some fun and games.. bad news followed by good to let in the johnny come lately institutions in, by triggering a bunch of stops?.. seen it plenty of times before.

Either way I'll be holding and adding in the low 80's if so.

BB3

About DGWA

DGWA is Germany's leading Investment Banking and Corporate Advisory firm based in Frankfurt, focused on small and mid-cap investments. The firm has a 30-year track record in investing and analyzing small and medium-sized companies globally. DGWA serves as a vital link between the German government, industry stakeholders, and EU institutions to promote projects that enhance European industrial sovereignty. Their services are aimed at clients in finance, industry, and policy sectors.

BB3

Correct me if i'm wrong but half way through he seems to suggest down hole testing has now been completed and flow testing is underway...

Was he 100% explicit in that, or just about to get underway?. What are your thoughts?

I also notice PLSR have struck up a European finance advisory agreement with a german butique advisory firm DGWA for circa 150,000 euro per year and 6-10% fee for any private placings / financing obtained and a much smaller 2/2.5% for grant monies secured... looks like they are trying to go the european funding route for their Greenland discovery... some pretty expensive advisory firm so they must be confident in the outcome of their services.

On a seperste note, I have bought back a chunk under £1 that I sold a week or so ago.. Still not happy with comms but, the price drop of 20% is good enough for me to pick up the additional bags.

Will be adding more if it gets down to 82p without further operational news.

BB3

Depends on location, but after the initial SL strike in 2010 there was capacity for 150/200ish.. last year was about 50/60.

I'd imagine it would be similar if not a bit bigger venue this year.

Ill be there again this year.

Bb3

J batch..

Not sure about the website specifically, but the information within is pretty much bang on.

I dont agree with the He3 production values (as this isotope has never before been commercially sepersted and sold outside of government nuclear decay programmes... so a big pinch of salt needed here, however its not been done before as its not been found in enough quantity to warrant doing it, rather than it cant be done.

He4 and Co2 is the main prize and will do all of the financial heavy lifting here.. He3 is a cherry on top once operational because of the main prize.

It is all about the Geology risk... this will either go in its favor or not, this is unknown and flow tests will prove... so its either a big up, sideways or down upon results.

Can the SP go 3x from here by the end of the year... most definatly. It could even go 6x

But it could also drop 50% if test wells are not in communication and flow rates drop off and pressure doesnt rebound quickly etc etc.

If the resource is good and is proved to be good via the flow tests... this is a 1 billion USD company in my view.. Space x, Nvidia, US government, air liquide, NASA (the list keeps going) would all form a disorderly line to take a % of the company in order to secure supply moving forward.

I don't see dilution being a big risk at all.. production topsides are relatively cheap, and will likely be paid for by forward sold sales agreements or borrowing based of such agreements rather than expansion of the shareholder base.. (but the geology and resource still need to come up trumps).

Hope that helps.

BB3

Ok minnow, go and play in the pond.

Watch out for the goldfish though..

😂🤣

So I assume this was you then?

Of course it wasn't... you didn't even know about it. Lol

Oh no.. it was our biggest single shareholder that just sold 6.4% of the company for less than market value....

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TMX Newsfile

ABCrescent Cooperatief U.A. Announces Filing of Updated Early Warning Report in Relation to Pulsar Helium Inc.

TMX Newsfile

Tue, April 14, 2026 at 1:28 AM GMT+1 3 min read

PLSR.V

-8.88%

PSRHF

-8.39%

UK in Shock: Cameras Kept Rolling — No One Could Believe It

Galnova

•

Ad

Amsterdam, Netherlands--(Newsfile Corp. - April 13, 2026) - ABCrescent Coöperatief U.A. ("ABCapital" or the "Acquiror") announces that, on April 13, 2026, ABCapital, on behalf of fully managed accounts, completed the private sale of 5,300,000 units (each, a "Unit") of Pulsar Helium Inc. (the "Issuer") to multiple arm's length purchasers (the "Purchasers"), with each Unit consisting of one Common Share and one non-transferable Common Share forward purchase right (a "Forward Purchase Right"), at a price of Cdn$1.90 per Unit for an aggregate gross purchase price of Cdn$10,070,000, pursuant to certain share purchase agreements dated April 13, 2026 between, inter alia, the Acquiror and each Purchaser (the "Private Disposition"). Each Forward Purchase Right is exercisable to acquire one additional Common Share (a "Forward Purchase Right Share") from ABCapital at an exercise price of Cdn$2.00 per Common Share for a period of 24 months from the closing date of the Private Disposition. The Forward Purchase Rights, if exercised in full by the Purchasers, will result in the Acquiror receiving an exercise price of Cdn$2.00 per Forward Purchase Right Share for an aggregate gross purchase price of Cdn$10,600,000. Additionally, on April 13, ABCapital, on behalf of fully managed accounts, sold 1,075,000 Common Shares of the Issuer at an average price of Cdn$2.09684 per Common Share for an aggregate gross purchase price of Cdn$2,254,103 (the "Public Disposition")

Lol.

BIN.

Also, its a 6 week flow test per well. Not 2, any yes I'm very happy with the returns so far... thanks.

BB3

Punter.

You don't know me, so I'd keep your opinions about me to yourself, as you just sound like a xxxx.

I own just under 0.5% of the company down from over 2mill shares that ive been holding since before it was listed on AIM, how do you like thoes apples.

1. The drill string.. as stated, it shouldnt be an issue, but they had 5 days trying to get it out at the end of JS5 with no success, and yes there are plenty of ways around it.. my point is, its 35 days since and no comment on it, nor anything else operationally.

2. Its not the same rig that is drilling compared to testing, so God knows what your talking about with timelines there..

3. Yes they could have already started flow testing, but I would imagine that would be price sensitive and thus need to be rns'd/reported.

4. It took them 7 days to log JS7... its been 28 days since then and no operational news..

5. I know he says they have only found dry gas, but dont forget that they haven't flowed any of the wells that sit on the hydrostatic pressure gradient yet.. just the ones which are on a different pressure regime. Which means at least thoes ones are not in communication. I await more understanding on this and why it has a hydrostatic pressure as no argument has been made to me other than a very deep aquifier for which no water contact has yet been found. Jury is still out as far as im concerned.

As for de-ramping, I'm pointing out the lack of comms past their own timeline... didnt state it was bad, just what I thought could be the reasons etc.. and it could be good, and it could be nothing, but might not be, just my opinion.

As for selling only half rather than all... it comes with a massive amount of capital gains, so I don't do it on a whim, I like the sector and I love the company's prospects if they can prove it up, but not impressed with the consistant slippage of timelines without comms. (I could list many instances, but that would be getting pedantic). It just doesnt build trust which is key for small caps. IMO.

And lastly.. do you have a reason for all the insider selling? Other than they are taking some profit and exposure off the table (just as I have done).???

In terms of insider dealing I say it was illegal and very unlikely, so was suggesting it more likely a possible reason for the delay in operations, as a period of calm before results would allow them to trade, which they have done in large volume.

So stop having a pop and get back in your box.

BB3

2. The drill string is stuck but they keep trying to recover it, burning through cash and time whilst doing so. Thus holding up logging and flow tests, no news because the situation is still the same as last reported.

3. Ongoing outside influence / negotiations that materially affect the company (farm out / takeover / large stake investment / government tie up etc). This would likely need a solid operational base to negotiate around rather than an ongoing flow test which could change the course and metrics of investment as its being negotiated, so everything has been iced until agreement has been reached.

4. Any other possible scenarios you guys can come up with.. I'm all ears.

In my opinion, it could easily be a combination of any and all three, possibly more. But I'm inclined to beleive its a combination of 1 and 2, because of the insider share deals going through could be handled within a wider agreement if number 3 was in play and there would be no need to do things seperstely and report seperately without communication of the wider conversation/deal.

So that leaves me with insiders taking chips off the table, and delays... so clearly there is still plenty of risk, because if the insiders were so confident then why on earth would they be selling right now..

Delays.. not a major issue as it is pretty simple to just drill another JS5 hole (and grab another data point whilst at it)

Lastly... its not lost on me that they cut the drill program very short. Communicated up to 10 wells and only drilled 5... either super confident they have enough to go on, or there was no use flogging a dead horse as the 5 extra wells told them everything they needed to the downside...

I am honestly stumped.. high market cap, great sp chart, momentum, and industry coverage, delays (or pause), insider selling, and plenty of board movement....

Not sure which way this will go, but for transparency I have sold half my substantial holdings around the £1.20 mark whilst I await news of the flow test commencing/recovery of the drill string etc.

So.. lots of possible reasons the timeline could have slipped, but which is it?

No news / comms explaining the delay in the project timeline considering the guidance was issues very recently on the 18th of March is not a great sign.. and it is becoming par for the course with this BOD unfortunately, and is not acceptable with the amount of media coverage it is curently getting.. starting to look shoddy and miss managed (however the timeline slip could be something great.. we just don't know).

From the last field activity update on the 18th March:

------

"Pleased to announce the successful completion of drilling at the Jetstream #7 appraisal well at the Company's flagship Topaz Helium Project in Minnesota, USA, having reached a total depth (TD) of 2,979 feet (908 meters) on March 10, 2026. As previously reported (news release March 4, 2026), gas was encountered during drilling at approximately 2,107 feet (642 meters) with a preliminary bottom-hole pressure of approximately 953 pounds per square inch (psi), with visible gas influx confirming a strongly pressurized system. Down-hole logging of Jetstream #7 was completed on March 17, 2026, with the logging truck now mobilizing to Jetstream #6. The drill rig has mobilized to Jetstream #5 to facilitate the recovery of the drill string that is in the hole, following which this campaign of exploratory drilling will successfully conclude. Flow and pressure build-up testing of the Jetstream wells is anticipated to commence in late March or early April 2026."

-----

We are no longer in "Early April" so an update should have been given as to where we are because the timeline has slipped.

It took 7 days to log JS7 (finishing on the 17th) and was moving to JS6 whilst the rig went to JS5 to recover the drill string.

Its been 35 days since recovery of the drill string started... No news... Reality is that a brand new JS5 well could have be drilled by now rather than taking this long to recover it... no news, so what on earth is going on???

It took 7 days to log JS7.. its now been 28 days since they said they were moving to JS6 to do the same.. no news, so what on earth is going on???

They said the flow testing would start toward the end of March or early April (on the 18th March).. no news, so what on earth is going on???

Things that have happened is a huge amount of warrants have been exercised and a lot of insider selling has happened along with 3 board member changes (1 out, 2 in from memory).

So... where do we stand...?

1. Insiders selling with material price sensitive knowledge that has not been made public is called insider trading and illegal, so very unlikely people are jumping ship and more likely banking some gains.. so everything has been put on hold whilst the director seat merry-go-round and director sales are completed prior to the big reveal (good or bad) with the flow test...

Boreddesigner.

I started investing on the tsx exchange before it was listed on the AIM market. Spreads were always much smaller which was great, but there was a huge price difference between exchanges in the first few months of listing in the UK so I didnt look the gift horse in the mouth and sold the lot and re-purchased for a circa 20% increase in shareholding.

Also agree with you that this is a massive company in the making... just have to hope the flow test numbers are good and we are set for a very bright future.

BB3

Wow.. first time ive called for a Q&A and its been answered and granted the following day via RNS.. lol

BB3.. perfect timing.