Member Info for cyberbub

To those who have no idea, Newcastle upon Tyne is actually a major international hub for life sciences! There's a large research facility (LIFE Centre) in the city, and a number of biotech companies in the Helix cluster.

If you assume 200M+ shares in issue with all the warrants outstanding, then the company is worth about £6-7M now. That doesn't seem expensive at all, for their multiple strands of promising technology IMO. However it's worth recognising that it's still a "jam tomorrow" company. More importantly the company stated a few months ago that they needed to do a £15m placing - it failed to proceed so clearly there wasn't the appetite from investors and/or they demanded too heavy a discount - but BSFA will still need more funds in the short term.... The question is how much, and at what price? They'll be hoping that the SP rises back to 10p and then do a £5m placing at 7-8p perhaps? But the capital markets are savage at the moment, especially with the orange moron's war, so it's not clear how easy it will be to raise money...

No advice etc.

Placees can short-sell their allocation, and deliver the shares back when they've started trading, is my understanding?

It's literally the last 10 minutes of the tax year so I'm not surprised to see a few sellers. But I'm still able to sell 120k shares in one go, above the published bid price....

Agree, trolls only stick around when they get what they crave (attention).

Personally I'm not at all surprised to see increased selling on the very last day for people (including warrants holders) to book tax gains or losses! Let's see what happens later in April as the MRE approaches...

GLA

Was this news posted on the board? I haven't been very active in monitoring it in the last week or two. US taking a big interest in Mozambique! Imagine if we got a similar investment...

https://www.dfc.gov/media/press-releases/dfc-opens-pathway-secure-strategic-equity-interest-syrah-owner-balama-graphite

The good news is that even after the rises of the last couple of weeks, the SP is only now crossing into 'overbought' territory. Based on my experience it could easily stay in 'overbought' for another couple of weeks before any pullback. Who knows though! But even if the Orange Emperor calls off his war tomorrow, there will be a significant loss of helium from Qatar for probably a couple of years or more to come, while they repair damage etc

Given the global supply situation I don't think 50p is unreasonable here in the next few weeks. If we get Inez positive news, and confirmed offtakes, say in mid-late April, and Bo announces non-dilutive funds for continued expansion, then I genuinely think we could see 100p+ well inside 2026. I mean really at a forward p/e of say 20 to reflect likely growing output and revenues, we would only need £10m profits to hit 100p per share. That's not hard to see at all!

Just my view anyway, NAI etc

Seems likely to me to be a combination of the warrants being front-sold, and general tax-year selling (only 6 more sessions to book a gain or loss...)

Anyone got any evidence how many warrants are remaining? It always annoys me that companies rarely bother to just add the number remaining to their RNSes...!

Is the 34p resistance about to go??

Any idea why the sharp drop at open today?

So $12m a year for the 3 wells, and then Inez online in a couple of months' time max, now there are funds... Sure maybe annual PAT in this first 4-well phase might be only say £7-8m... So some might say 40p is fair value for now... But the key point is that investors know that imminent steady cashflow will open up debt rather than equity funding to accelerate enhanced plant, and exploitation of the rest of the wells... And the Helium-3 and Hydrogen are priced at zero... And the helium price could go ballistic if Qatar stays offline for another 3 weeks... So personally I think HEX has some way to go in 2026!

GLA NAI etc

Oil prices might be calmed, but there's no longer any strategic helium reserves, and Qatar helium is still offline....

One of the most important things to note about Helium as well (like for many critical minerals) is that the price is surely a pretty small component of the price of an MRI scanner, say? If supply is short and the He price doubles, the end price of the MRI will probably barely increase 1-2%?

Well I was being bid 28.1p for 60k shares when the published bid was 27p, right at the end of the session, so there must have been demand...

Yes there were some large late trades yesterday which must have been warrant sales. Still a few left, they are holding us back a bit but clearly it's only temporary... Once they're all issued and sold then we should rocket....

NAI etc

Interesting to compare to HREE, which is by no means identical to Altona but it broadly similar, a somewhat better RE resource which is a bit further along the development path, but they don't have a big fluorspar and gallium resource like Altona, and are still awaiting a US grant... Current cap £20m and climbing... The equivalent of 5p at Altona! With more to go...

Not only non-dilutive but seemingly non-repayable!

This was the best bit IMO: "We expect this collaboration to deepen over the life of the project"... Means more funding in later stages!

Still a few warrants left to exercise... Not too many... Best to just assume that we have 400M shares in issue and value the company accordingly... Only £14M at 3.5p!