Member Info for Craignews

Jimmy, it is yes - what your not grasping I don't think is your reference to ii's, a bond is a debt note, that has to be repaid, plus interest. They are planning on raising by taking on some debt anyway

Has anyone considered that the RI could be deferred? For example, return to lending with 35 million already accounted for. Cash raised from bonds etc circa 200 million before may 23, just like bond recently paid back. RI at 19/1 deferred for 2 years at a discounted price to whatever the RI is at that point in time. A bit like director performance based options.

So right issued now, with a date in the future where you have to exercise them - say you can have 19 to 1 at 4.5p in may 2025, which will dilute yes, however the SP at that point could be 80p or more - the extra 15 million for redress comes out of that pot, along with enough funds to settle the bond debt.

Thoughts?

You never know, some of it may be paid for in shares, like Mitchells for the 3rd drill. I'd be happy with that dilution, as at least it has an asset value

In line with speculation on the rig being purchased that has been sat idle for a few years, I have emailed the owner 3 times so far enquiring as a prospective purchaser over the last few weeks. Still had no response, so read into that what you will.

Yep, of course you did, on top of your 18k in another stock too

I'm not convinced, someone flew out to assess the rig weeks ago, and the rig, is by DM's own words, booked

Worthy tweet, a few garden sheds and some oversized power drills, surprised we didn't see a bucket and spade. Is this where all the money raised has got us, and overgrown allotment?

That interview just keeps getting better, lots of news this year, including development plans. Also had lots of discussions with future partners

He states more than once that they have 'Completed' the DFS - So where is it then Bernie?

Kevin, from what I gather, the rig is reasonably local

I think there are 12 million reason why the Chinese trust him

My money is on a rig announcement Monday, just after the holiday

Also states that the rig is booked, cue RNS due anytime

Interesting that he states 'Drilling in each hole', indicating more than one drill this year

He says the company has proof of concept of a working helium system, but untested there’s even more unanswered questions which are leading into the 2022 campaign.

“We’ve only scratched the tip of the iceberg, and that’s why we’re going back to Tai. We see Tai as the key to unlocking an entire helium province.”

Tai is the prospect at the flagship Rukwa Basin, and Minchin and his team are pulling out all the stops to return there, and doing so in a cost effective way. A 100 ton mast weighting drill is booked and being assessed.

If it passes the audit and gets to the project, it can drill an eight and half inch hole to two and a half thousand metres “no worries at all.” Minchin describes the drill as well overspecced for what the company wants to achieve which is a depth of about 1300 metres. Drilling in each hole should take less than three weeks, which Minchin says is plenty of lead time before the rainy season in December.

A discovery will expedite the admin with existing licenses transferred into mining licenses, and although Minchin views the company as a discoverer “We’re perfectly capable of taking this into production ourselves.”

And as David explains to Sarah Lowther the more the company does, the more it can discover in what is a very exciting time for Helium One.

SK, the amount of top ups you do, you probably should own half the company by now

Irrespective of what George said, what he says, and what he does, appear to be 2 very different things

Looks like we're all in for a long wait then

Is it just me, or are the quarterly results due today?

Has no one realised yet that Hedged just talks out of their arse?