Member Info for CrustyPete

Hopefully? Why "hopefully"? It's really of absolutely no consequence to you. But in any event, just remember that when you are pumping yourself up as the sage of AEX. That, you ain't....

May I remind you Rojo that you were questioning my buying (quite a lot) more back in March and April when the shares were 07 & 0.8p. Even now, despite today's fall, I am up 100% and a few weeks ago 200%. So NO Rojo you have not been "consistently correct" - far from it.

Well I am sorry if I have offended Rojo, but by "irrelevant" I only mean that it makes no difference to the sp and neither, frankly to anyone's decisions or opinions about the share.... certainly not mine. So why get so het up by it?

And NO Rojo you have not "consistently" called it correctly - it has quite frequently risen when you have said it won;t, or news has been issued when you have claimed it won't. Where you have been consistently correct is that whatever has taken place over the years it has always tended to have taken an awful lot longer than the "rose tinted specatacle brigade" would have had us believe.... an opinion that I have broadly shared.

No not at all, but also try to remain realistic.

It only did 100% in a day back in February because of a massive dilution - it will only do another 100% day if and when it has another one. Though of the EWT crashes and burns there is highly unlikley to be another one! Just a fire sale....

Tanzania, what feckin' difference does it make what he is getting at?! No-one but you gives two feckin' hoots! It is an irrelevance. Don't waste time and energy worrying or commenting about it for goodness sake. What Rojo states or thinks is and always has been a total irrelevance just as is what you , I, or anyone else posts on this board.... It makes not the slightest bit of difference to anyone or anything - except, it seems to you. Just leave it, for your own sake.

Back up in a flash. Not a bad result with the carnage going on all around us this morning.....

I have to go out for the day - best of luck all.

Actually no he hasn't yet called it right! And even if he does you will be telling us next that he saw the Global Equity correction coming?!?

But red_inky you told us last week that the fllor had changed and was 1.22p...!

1.26 - 1.28p now

All but one share that I am holding is down this morning

Revised: Now 1.2985 - 1.32 both for 500,000. Can get as many as you want at 1.32 but no quote for more than 500,000

I have been quoted 1.32 - 1.32 but not in any size...

I think shareholders ought to thank their lucky stars that this placing is already a done deal - imagine trying to get this away in the current climate; that 37% discount would likely be considerably greater in the current market.....

Dickie do bear in mind that He1 BoD will firstly have to draft an RNS, get it approved / vetted by the Tanzanain Authorities and then their Nomad before sending it in to the LSE. Moreover as Joe staed a little while agao they wish to add some "meat" to the RNS release with further Helium Data or EWT progress before releasing anything. IT could be argued that reaching TD, whilst ususally an RNS item, on it's own is hardly RNS worthy....?

HereforHemo.

Yes indeed interestng particularly as 2 of the 6 requirements for a traditional Helium play (see below) do NOT even apply here.... hence the "unique" nature of the project. Unique is both good and bad; tremendous potential but with distinctive and previously unencountered challenges.... not least in the understanding and quantification of the underlying asset.

5. How is helium concentrated in subsurface reservoirs to form a helium accumulation?

6. How long do helium-rich gas accumulations remain in reservoirs?

AJ I think that is the prime reason for driling deeper, the likelihood of higher concentrations (as they have stated) but also the prospect of intersecting a greater number of Helium "seams" and thereby greater flow rates. Greater Flow rates x greater concentration = far increased commercial prospects.

But then how do we get a CPR to corrobarate those prospects without a "static" reservoir to allow for assesment of reserves? Buggered if I know....

There were no figures issued in relation to flow rates - they need the EWT to establish and then confirm those figures over a longer period of time. Thereby giving both the relevant rate and the duration / consistency of that flow rate.

But Peakybrum that is exactly the point and our problem; we do NOT have a reservoir, not in the traditional meaning of the term. It is not a static amount of gas trapped, under pressure, underneath an impervious layer - we have gas migrating into the fractured basement, it is not static and so cannot be measured and quantified in the normal manner. This is what the BoD were referring to when talking about the new basin modelling. What exactly have they got? How does the gas move, what causes it to move, how long will it last, will the flows be consistent, etc? The "normal" volumetric measurements and considerations do not apply here; a new paradigm is required that can give a "quantum" and value to our find. Who and how can an independent third party provide a CPR to our find when the normal parametres for measuring such a reserve cannot be applied.

See Blubay's posts from earlier in the week when this very issue was discussed by a few of us.

INdeed I think there may well have been two dilutions since that Broker report...