RE: Helium one stake8 Apr 2021 08:10
Colin, if they had cash, maybe completed yet another placing for HE1 then yes they could have bought shares as part of the IPO, the fact is they did not have the cash, mainly because they blew it on the failed One D deal I grant you, but there is no way shareholders would have let them raise yet again for Helium-1. That is exactly what got the last BOD kicked out, they wanted to spend another $4mill of shareholders money on it.
As it stands today the 21 million shares are doing very well with a value of £2.3 million and a fully funded 2D infill and 3/4 well drilling starting next month.