Member Info for cperkin

Well done steve, a couple of pence profit per share from HE-1 is a great result and well worth it.

Hi CK the BOD say they will sell the Ruvuma asset if an offer is made at the right price. What that price range is we don;t know, the old CEO reckons it's worth $100 million, I don't think the market see a value anywhere near that
Latest video below.
https://www.proactiveinvestors.co.uk/companies/news/934658/scirocco-plan-to--push-forward-ruvuma-project-in-tanzania--934658.html

or even short ;)

Hi CK the hort answer is no & the £15-20 mill people talk about is a read across to the 50% deal secured by AEX with the Zubair corp this semester. The deal is $5 million cash and a $35 mill carry to production with any of the $35 mill not spent returned as cash, so people are reading across the $40 mill for 50% and calculating $20 mill for 25%.

The big difference is that the asset is now funded to production to the tune of $107 million post aex deal and so worth more imo.

Well put Crusty and probably a similar view as many here.

To get back to value since initial discovery they need to deliver a CPR'd (unlike another onshore uk oiler) increase in resources of at least 2 or 3 fold.

Expecting some results soon, GL

Nice position to be in QS, relatively speaking ;0)

Older Helium-1 interview pre-IPO

https://www.bbc.co.uk/sounds/play/w3cswgly

Took a while to fill no doubt @ that set price.

.

That would be the definition of mental then Kej, to try the same "trick" over and over again with the same results.

Nice to see you btw.

Looking good John ;)

Flying now

GLA

Don't be shy dunder, you are one of the longest invested and supporters of the share so a special lifetime award for you and the title of the AEX BC & BB hero 1958 to 2020

You seem confused by strategy & ambition v current status.

Just watch the interviews and read the presentations and it might become clearer. If not then just leave it, not good to invest in something you don't understand c/d

You should try the website, it's all very clear to me c/d, including the huge Ruvuma asset.

https://www.thisismoney.co.uk/money/investing/article-9026567/SMALL-CAP-SHARE-IDEAS-Helium-One.html?ito=amp_twitter_share-top

https://www.thisismoney.co.uk/money/investing/article-9026567/SMALL-CAP-SHARE-IDEAS-Helium-One.html?ito=amp_twitter_share-top

Dilution by any other name, the other alternative of course is that spurious tax bill and the $7.2 million or whatever it is post interest.
They certainly will need cash going forward to keep ticking over whilst Ruvuma drilling gets underway in 2022 and beyond.

What are the BOD going to live on till production and 2023/4 or 5 then Crusty?