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New to HUI but a long term holder of CWR, PHE, ITM etc. This looks to me like a very speculative punt based on overly optimistic ideas which will have trouble standing up in the real world. Military contracts are offered to firms of real standing with proven technology. HUI's balance sheet is way too flimsy for any major military deal at this stage. Equally InEnTec technology (Columbia Ridge) is still barely out of the working prototype stage with no proven ability to operate in field conditions. And as to building up a stash of waste feedstock, in advance of deployment, in a war zone . . . . ! I'll look again after HUI's next fundraise when I might topslice CWR or ITM.

Anyone know the current spot value of a pipe trailer load of He?

Up to a point Pubcrawl. That article is from GasWorld. Other articles from the same publication point to a marked downturn in Helium prices due to the US dumping its stockpile and Russian gas sales to countries which don't sanction its trade, e.g. China and Asia more broadly. The US dump is finite. But it's happening just when HE1 is looking to negotiate long term offtake agreeements to commercialise the finds. What we really need is a) a sense of where helium gas prices are heading [decent price graph anyone - I can't find one] and a b) rough sense of the unit cost of production once Rukwa's up and running. Then we can estimate profitability. Getting that ML signed would be good too!

Anyone else on here following Pulsar Helium. Gone from 25p to 90 on a few speccy drills and promises. We've got real progress - with cash - coming through and we're stuck on .4. What's the problem here?

Value to waste - well phrased RR. And anyone thinking of following this heap of shot just look at the numbers - lifting the issued share capital to Euros226m on today's market capitalisation of under £1m. It's just a joke, and one which cost me a lot of money.

McNol what would also really be useful in pushing TZ along is the formal signing of the mining licence. This was originally granted back in July last year. OK so there's been an election (of sorts) since then which pre-occupied the government but does anyone have a good insight why this is taking so long?

You're dead right Crypt. I did buy at 10 - well before the Galactica move. Then averaged down with a much bigger stake at under .3. My break even is around .7 - not so far away in the easily foreseeable future. This is too cheap now and worth another top up.

It's all very well moaning to each other on this board. Get on the investor section of Eqtec's website and flood it with complaints about Deceitful Dave's false promises and how shareholder funds have been used to feather his own nest to the tune of over a quarter of a million quid a year. Enough people write in and it goes on his record.

Have all the PIs left this sinking ship? I find it unfathomable that a board and management who's full time job is monitoring and evaluating a relatively small portfolio of assets could have got this so wrong. Untrained fleas would have made a better job. This almost amounts to mis-selling and mis-representation.

I agree. Forecast full yearr revenue of £32m against firsthalf operating costs of £35m doesn't give me a warm glow. That said the solid relationships are building for the future and if they can conserve cash - i.e. no new issues - then it's well worth a long term hold

Anyone else think there's too much boggering about with bits of 'news' from Colorado and not enough effort to progress Tanzania. There's the ML to finalise there in order to move onto the next development stage, which is where the big money starts. What's they delay on that?

Does anyone else share a looming sense that this is heading towards de-listing? If I owe a stack of future royalties to a listed firm with a market cap of under £10m why don't I slowly pick up the stock, maybe via a few well timed placings, until i've got sufficient shareholder control to wind up Contango and de-list? Then I ramp up production without having to pay royalties. Might take 3-5 years to break even then I'm away to the races.

Does anyone on here know how much these Neptunes cost? i.e. can we work out how much income they generate to ITM from these sales announcements.

I think one of the problems with HE1 in its current position is that it's virtually impossible to deduce future hard cash inflows. Tanzania is sitting between 'exploration' and 'development' so until we get realistic and feasible gas flow, capture and delivery volume numbers we can't estimate revenues. Colorado is slightly further along in that these might be expected, according to the RNS, sometime Q1 2025. So effectively we're still sitting on a prospect with a risk of no money coming in from gas sales. Every investor has to look at that risk. I think at these prices the upside potentiatial is huge but until some hard numbers come out all this chatter about short term developments is irrelevant. Six month timescale I'd say.

Closing a short means buying it back. So why the big drop?

What would help now is a re-rating from a halfway decent bank/analyst to the the fund managers interests. Just over a year ago Berenberg rated CWR a buy with a target of 1560. Since then CWR's prospects have improved substantially and yet Berenberg's August target was 650. Makes you wonder how professional these outfits are! So come on JPM, Goldman, Barclays etc lets have a decent analysis and well-judged forecast based on current results

More of the same in today's half year report. Bit concerned there's no post-period comment on the 20+ per cent decline in the share price since the end-period date. That stretches the discount to NAV out to over 60 per cent now. On the other hand there's some optimism in the plan to cash in some of the holdings 'this calendar year'. If they can do that and show a decent turn on the original investments then we may see some upside.

In order to take profits you have to have bought at a price less than today's. Exactly when during the last four years could we have done that?

What happened with the Chinese?

Just out of interest can anyone recommend a link to a graph of long term helium prices? What often happens is prices rise because of steady demand and a lack of new production capacity. New suppliers rush in to capitalise on the spike but by the time they reach production (mines and well-head processing take 3-7 years to build) users have found viable substitutes or established suppliers have increased marginal output and the price falls. Happens all the time in metal mining. HE1 challenge is to find a way to produce profitably basede on firm price/revenue expectations.