RE: It's cheap ya fools26 Jun 2024 23:13
Thanks for sharing, Melab. Couldn’t agree more. Don’t think the significance of this acquisition has been appreciated. Expecting a significant rerate in Q3 when news starts to flow. It will come thick and fast. Highlights from the article for me are:
‘The acquisition cost was a combination of $250,000 in cash and 600,000 shares for Rudyard, an asset that comprises 525 million cubic feet (mm cf) of helium and 2,176 mm cf of natural gas’.
‘This transaction significantly increases Helix’s overall valuation and represents a major step forward for the company…upgrading its valuation of Helix to $145 million, or 93p per share’.
‘The Rudyard asset’s development programme is expected to accelerate cash flow generation, potentially within 18 to 24 months…a notably shorter timeline than that anticipated solely from the Ingomar Dome asset’.
Patience needed. GLA. CJ.