RE: Current situation1 Oct 2024 11:02
"If you don't like volatility in a share, Helium One is probably not the share for you.
If you're risk adverse, then small caps and AIM is probably not for you either.
But, if you are attracted by the potential of massive gains in your investment, don't mind the risks and volatility involved, especially with mining stocks, than in my opinion there is no better company to put your money in than Helium One.
The reason, or reasons are actually quite simple because as an exploration company they have been substantially derisked.
Firstly you have the Southern Rukwa Project in Tanzania. Helium One has successfully drilled and completed what we are told is a very successful Extended Well Test. We know this because Lorna has stated "it was all we hoped for" and "it was very successful and positive", and as for scale she has stated "it is of global significance". To be globally significant it must, in my opinion be in the billions of cubic feet, and if it is, its a find that will be worth billions of dollars.
In parallel we have a fully funded US asset. In two weeks the farm in will be approved. We then have fifteen development (production) wells at the Galactica-Pegasus Project to drill, six of them before Christmas. It is anticipated that the Galactica-Pegasus Project will be generating revenue H1 next year, initially $3m pa to Helium One, assuming the CO2 is included.
The Southern Rukwa Helium Project is awaiting Mining Licence approval anytime in Q4 and its estimated up to 30 development wells will be drilled and production to commence late next year.
So it's highly probable, one might say likely, by the end of next year Helium One will have two producing assets generating substantial revenues.
From any miner, the best play at the moment is Helium and from all the helium companies there is simply nobody better positioned than Helium One.
It's not a question of 'if' this has a substantial rerate its 'when' it does, at least in my opinion.
Others can debate the daily fluctuations either up or down. For me, I'll be patient, focused and confident. GLA"
All the best (well worth a C&P repost.........! :()
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