Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
"Savings and synergies from a back-to-back two well drilling programme are expected to total c.$4m and up to 6 months of saved time. These savings are derived from the Company being able to fully utilise the minimum term contracts of third-party contractors, crew familiarity with the equipment and operations and avoiding the need to fully demobilise equipment before remobilising following the wet season."
This is sensible approach and perhaps LB wants a crack at the second prospect because its seems a good target too.
"he Itumbula prospect is another highly ranked prospect within the current portfolio. A robust, structural closure located approximately 1km downdip from the basin's most prolific active surface helium seep with up to 10.2% helium. The prospect, which is located along the Itumbula structural High, has been mapped out using the vintage Amoco 2D seismic, as well as the more recent Phase I & Phase II 2D seismic acquired by the Company in 2021. The Itumbula High is also supported by the interpretation of the 2016 airborne gravity gradiometry data."
On the bid, yep I can see a few sells of 150k, 100k, when this stops I can see quick movement back 8-9p, potential for still 12-15p on spud & drilling. Any shows in any of the multiple intervals and boom, 20p.
Https://www.reddit.com/r/HeliumOne/comments/1678b9z/any_idea_why_its_dropping/
PraetorianJoe
·
4 days ago LVL 99 HELIUM OVERSEER
"..... The consensus is that it could be a person called Liam Hale who owns 58m shares who I believe has been known to do this in the past (or at least hop from one AIM share to another). The SP is in no way a true reflection of the company, we should be 3/4x where we are now. It's highly frustrating but it is what it is. I am still hoping for 15-20p as the results are announced as I'm hoping for 40-50p post positive results. If we get 20-30p post results then I'll be incredibly disappointed not going to lie. The SP hasn't got anything to do with HE1 not doing this, Lorna saying that etc, just purely one or more big sellers off loading before it starts getting risky"
Now if Mr Hale is done I hope sp resumes its rise now up to spud!
don't believe its shorters, it's a large holder selling that has depressed the sp.
we should be at far higher levels in comparison to last drill. we have proper o&g rig, better understanding of geology and past data to hand.
buyers have been scared out by all the bull**** scare stories. to me its a seller who has to offload and when done it willgo higher on decent buying.
bring on drilling then the bull**** can be replaced with actual events.
All wrong thinking here....LB has all the data will know all the details from first drill, just need to prove up discovery and boom. Funding is coming down the road post discovery...you looking at it from completely the wrong angle. Dyr.
LG, I suspect many have already de-risked already, takes a calm, cool head to stick at the moment, but i suspect many will buy some back on +ve news. Someone is dumping still, that is only cause and once done it will move quicker upwards. Seen it many times before.
Https://zakstraderscafe.com/lorna-blaisse-ceo-helium-one/7348/
"Multiple helium shows..."
https://liberum.wistia.com/medias/umaaaoetjs
6m 40s mentions own rig gives options for several appraisal wells to fast track and monetarize, significantly saved on getting own rig ($1m mentioned) and opportunities to lease out to others for income.
Tai1 proved multiple helium shows..
Rig can be used as exploration, appraisal and work over for production 15m 15s
Its all very clear...
“…We’re not just targeting a single event. We know from Tai One that we had helium shows at multiple intervals. We’ve designed the well for a success case…”
https://twitter.com/heliumone1
Spend some time to listen to LB
Arb is stronger than i thought it would be, its LSE listing imo as its only play for UK investors to a miner, some peeps dont like investing in USA.
Plenty of bear trapping going on at the moment, bitcoin will go lower first it seems.
People are derisking to early imo, but that's up to them, I'm confident helium shows on drilling multiple levels will get reported as that info will not be kept quiet for whole drill, it will leak, so i see helium shows being announced. DYOR.
May be wrong but I feel bitcoins going lower before bull run.
"Investors are eagerly awaiting the SEC's verdict on the Grayscale ETF and Blackrock applications in September"
This is probably the trigger for bull run but at moment its uncertain that SEC gives a verdict or delays again.
TBH I'm surprised ARB is not nearer its lows, i think it benefits from LSE listing as bitcoin is at levels that ARB cannot make money.
Markets are poor at moment but generally pick up after summer. But funny how the big market corrections tend to happen in Autumn (Oct), are we due one before another bull run sees bitcoin at ATH?
Looking more sustained this pullback...do they want it to bounce of $25000 or lower.
Could get ugly, and certainly not buying until markets in general settle, seems bitcoin not immune to wider sentiment at moment.