Member Info for CrustyPete

Bloody hellfire "Get in now or chase the rise ??" - sharehead for goodness sake FOMO?! Lol!

Chase the rise then! It will be worth paying to avoid months if not years of boredom and won't be much in any event... ;0)

And remember, Mbelele was not drilled as deep as was Itumbula so any liquid presumably would not have been under the same degree of pressure and maybe did not have the same scope to "depressurise"?

Yes, though I have SIPP and ISA there too.

You can trade it, or at least Buy it, at Interactive Investor. It is not a CFD or Spread betting platform so no "margin" trading but you can "invest" in a multitude of countries and currencies.

I understand them as being one and the same, yes.

I think that is more reflective of the difference in risk appetite between the UK and North American / Canadian markets than in the relative merits of the two companies. Though it could be argued that there is less ambiguity or uncertainty in the Pulsar RNS than in the recent He1 RNS. That is ambiguity is likely to be removed (for better or for worse) at the time of next RNS at which time we might see (fingers crossed) something akin to the market movements of Pulsar's sp over here.

Because I was asked a question about COPL on a separate board and thought I would answer it in the most appropriate place.

Because it was in the same "Thread"...

Hurrah, it seems that 5085 has been recognised for being the fantasist and liar that he is - his claims regarding people's positions and losses earlier were evidently totally fictitious and he has been found out as a liar.

It is just a pity that his other equally vacuous and false assertions haven't been treated similarly. Ho hum, I suppose we should all be thankful for small mercies. ;0)

Sharehead, that was certainly a view shared at the AGM by the BoD

Oh dear oh dear; LW I must have been very ambiguous with my statement because NO , nowhere did I say that Itumbula Helium was exsolved from liquids , quite the contrary - I was implying that NHE results were far more akin to Tai3 where indeed the Helium was exsolved from liquids; that is what differrentiated NHE results from Itumbula results.

The problem being win that there are very few II's whose Trust Deeds or Terms of Reference allow them to put client moneys into investments that are "high risk, high reward". When you factor in the focus on things like Socially Responsible Investment criteria, the %age of II's that are allowed to put moneys into "Micro Caps", fossil fuels (SRI criteria) and then also Geo Political considerations etc there isn't a huge wall of money waiting to arrive here from II's so who is going to take that risk? Not many I fear.

LW yes, correct, in solution - hense my statement about it being more akin to Tai3 whose results, the BoD stated, at the AGM were inconclusive; similar therefore NHE results "inconclusive... and hence why the sp has gone backwards.

Thanks for the response RJ - just a point though; whilst I fully buy-in to the point about red-tape the BoD stated at the AGM that they had conclude agreements with all landowners and interests in the relevant land surrounding the pipeline construction and yet that has been deferred twice since the AGM - so I think any issues are unlikely to be purely connected to local planning issues and the like. I think it is more deep seated.

It is the "discount" that is applied for the "unknown" and the "obfuscation" in my view - still quite a risk factor here, despite what the fanatical devotees and acolytes night wish you to believe.

Yes Chesh I woiuld agree wit you - I am not rtying to denigrate He1's prospects at Itumbula (I think they are fery good) but one poster was asking why the NHE price is still on the slide after their RNS and presentation - well look what happened to He1 sp after Tai3? The only difference in my view is that NHE are still funded but He1 needed more capital after operation overspend at Tai3 BUT the results of those two drills (NHE versus he1) was very similar. And called ours "inconclusive" by a read across that makes NHE' drill outcome similarly "inconclusive", so I am not at all surprised at the subsequent reaction.

SQ320, I made my views on this clear the other day and I agree with you to a point - the GIIP increase is fantastic but much of that resource is outside of the Ntorya fan basin AND the scope of the 25 year Development License that attaches to it. Therefore I belive that the increase in GIIP changes very little for the foreseeable future the priority will be to execute the current 8 well drill programme to get the 140 scuffs per day of gas flowing -t here may b a revision of the plan to a point after the GIIP revision and ARA's presentation of last week but ultimately that will not materially alter the short to medium term objectives. Consequently I disagree with you regarding fund raising because AEX is already carried for that work programme and I do not see there being any material additional development work being done until way down the line and after the income form Nt1, Nt2 and Ch1 (fingers crossed) is on tap and we are carried for the next 5 drills anyway. If there was to be parallel dev work outside of that then yes, it would need funding but that is a long way off, AEX would have income, the MC would be a lot higher than now and so any fund raise and consequent dilutioj would be more than manageable.

I agree with you also about AEX's usefulness to ARA / APT and that is around the ability to fund and carry the risk for the exploration and appraisal of future prospects and that requires AEX to be the "operator" - that is when AEX's ability to fund dev is important - it is too late now for Ntorya and even Ruvuma ARA will always be funding 75% of that(TPDC aside) henceforth so AEX's contribution is largely immaterial.

Indded BG that was what I was relying on too. I am and was aware of exactly that BUT I am not making it up - when discussing back-in rights at the AGM they were talking about 20%.... I am happy to defer to your reference below but that does not make those AGM conversations "disappear".

The Noble "discovery" does not look an awful lot different from the Tai3 outcome - all Helium is contained in water with no obvious means of recovery. At the He1 AGM LB described the Tai3 results as "inconclusive". That I think i a very appropriate description of the NHE result.

BG - I seem to remember that is was part of the GSA conversation - the back-in rights are part of the GSA are maybe? Have we got sight of the GSA terms?

Can't be sure about the above but am certain about the reference to 20% - RJ please comment.