Member Info for cringsing

Re Warren Buffett,

As you probably know, he is mostly sitting on cash now….

#Dedollarization

#UAE_LeftOPEC

Are there any evidence of any helium sold by this lot at all ?

I’ve noticed the CEO being vocal about the global shortage, but less vocal re selling some gas.

Have the company ever stated that it as sold any gas at all ?

Not interested in spurious predictions and speculations. only empirical facts.

TA

Not to be the bearer of bad news, but gossip about traction in the PANR data room has been frequent since 2022.

Also, as a bit of trivia, the largest find that nobody could be bothered to develop is 13 billion barrels..

Good luck with the farm-in…

@Hamilton1899

What you are describing is how oil exploration is conducted. It’s speculative business, and most ends in tears. If the management teams weren’t optimistic about their endeavours, they’d never raise the money they need.

I don’t get it…..

We are in the midst of the worst shortage in living memory with the war now raging for a month, and with a land war about to start any day.

And still we have no off-take agreement…

What is off-putting about helium from Montana ?

Other than Lord Spencer, are there anybody else on the board who literally hold PANR stock ?

@AimInvesting

If - it rerates…

Do yourself a favour and consider what it would take for that to happen….

And then ask if that hasn’t been tried before, and failed. And at that time tried by rather seasoned oil men…..

The proof is usually in the pudding !

@wookieemonster

people bought in when the plans were to prove up the resources ourselves….

The stonking profits were never in the oilfield itself. It was in proving it up to reserves. Something we had to do by baby-steps in a plan concocted by the previous chair and former CEO. Brilliant plan if you ask me.

We might as well own 1.6bn barrels on the moon.

There has been no takers, for a very very very long time.

Our chance was to prove it up to reserves ourselves, but shareholders didn’t want to put money into it, so to avoid a dilution which has been 2.1x since we found the big one in 2022. It cost a lot of money to prove up enormous finds, but we didn’t want to pay.

Tullow oil, when they found oil in West Africa also had to ask shareholders (again and again). When the share was diluted x14 they cracked the nut and the company all the sudden was worth $12bn.

Well, we had a chairman with proven expertise in commercial oil strategy, who had a sensible plan to prove it up ourselves, but investors didn’t like him.

Selling an enormously large unproven resource isn’t for everybody, and the market now knows we are a forced seller as investors do not want to foot further bills. We could not be in a less advantageous position.

I can’t see any “partnering” happen. Who’d partner with somebody who has upfront said they won’t put more money in ?? No, it’s going to be a sale of the leases, and it will make somebody else (who is willing to put in more money and develop the assets) numerous billions. We had a chance but blew it…

James,

The company is currently worth about £180m. The company IS the assets. There is nothing else in the company. You can argue that the assets are undervalues till the cows come home…..

It will costs hundreds of millions to prove up the PANR resource with a significant probability of failure. PANR as an explorer have given up proving up the resource. PANR is now just passive leaseholders, hoping some other explorer will offer us a deal on the leases.

The SP was only higher when it looked like we were proving up the resource ourselves.

Now, we are effectively put under administration, led by the new chairman, trying to find ways to flog the assets as unproven. I do not understand your optimism…

Anybody here who has a link (that works) for the webinar ?

Reminds me of when the multimillionaires Nigel Farage and Arron Banks went down to Kent County Council to sort out a complicated financial situation, lol….

Could have been Elon Musk or Mark Zuckerberg….

gla…

Beasty69

I don’t know about you but I bought a load of Nokia shares 45 years ago, and have done quite well trading ever since !

When I spot a company (this case a miner) just a step eg from exploration to development, or development to production, it in 10 of 10 times causes a significant uptick in SP. However, NOT in this case…

When a company issues a significant RNS (re commenced production eg) and the SP doesn’t move, then being follow up by long and thorough interview in short succession of the Production RNS, some people like me smell a rat. Sure enough, out of nowhere 9m shares are dumped into the market which with current volumes will take months to clear, just to add to the weirdness of no updates on the alleged production nor off-take contracts….. Well, we live and learn….

So in short, if you are an experienced investor, I am flipping delighted to be a newbie…

Troajan

From the RNS announcing production:

“Highlights

· First Helium gas producer in Montana: Helix has successfully commenced production of Helium gas at its flagship Rudyard project. Helium gas is being processed from 3 production wells initially and the Company will integrate the Inez well into production capacity once testing on Inez has been completed.”

The RNS clearly says “commenced production” (past tense) as it has happened. It doesn’t say ramp-up phase has commenced. It also elaborates that it for now produces from 3 wells with a 4th coming online in due course.

I also understand that there is no onsite storage facility other than for the daily production, so if all that is true, several tankers would by now have exited the site and helium-$$$ would be imminently on the bank account, or helium would have been vented into space.

I just wonder which one it is…

Is it known if HEX is actually producing anything at the moment, meaning that tankers are pulling up and being loaded up with Helium to be hauled offsite on a daily basis, or in other words is the company generating revenue, or was the RNS announcing ‘now producing’ more of a statement that production can begin when a buyer for the helium is found ?

I find it a tad surprising that no production numbers have been issued. That’s normally a big thing for a new producer…..

Much more media will have picked up on the interview and the Helix story om Monday.

Monday morning, If no RNS @7am my guess is 32p.

With an Offtake agreement RNS, easily 36-38p

Sit short over the weekend at your peril…..

Hello, Im new here.

Whats the onsite total storage capacity of helium, and how many days production have they capacity to store ?

Also, what is the estimated product value of a 100% full storage?

TIA :-)

For those in here desperate to scoop up more cheap shares, it must have been disheartening to listen to this excellent introduction to Max and Erich and to their take on the situation. Credits to all involved in the presentation, which I am sure all the grown-ups enjoyed.

Well, tomorrow undoubtedly will be another day full of unsubstantiated nonsense here on lse.

16:00 Stas20

“I'm not sure if he's off on his own accord or being booted, to be fair I don't care. What is without doubt and has been mentioned by many, it is he is not to be trusted”

So now you know that the company announced PUBLICLY that DH would step down from his executive rule 1 year ago, perhaps you want to elaborate on the nonsense of your feeble attempt to blemish our chairman’s credibility ??

I have witnessed knitting societies gossiping about international trade policies with a higher degrees of knowledge and objectivity…..

As I mentioned earlier today, the reading skills of the members of this board is well below average….

1) The company has said no news re Dubhe-1 until spring. Looks like they meant it.

2) DH stepping down as exec chair announced publicly 1 year ago. Looks like they also meant that.

3) Alaska spring is NOT in 2 weeks time. State of Alaska determines when it’s spring in Alaska, and declare it open, typically April.

4) The SP is not the responsibility of the BoD. The BoD works in the interest of the company and NOT the shareholders. At most times interests are shared, but not always.