Member Info for dai2belts

@seis, great post,
Still working on the maths, something is amiss as the report suggests Tai should be of the largest closures..
"The prospect closure areas range from circa 1.7km^2 to 10Km^2"
Been looking through the reports for the recovery factors or clues but cant find anything, Although i would not know they existed without your post.

I see more in seismic sections now. I think.
So a question if you dont mind and whenever, no rush, will be here for a long time.
Looking at Strike, line 14, about 0.4s, those black and red lines are from the same deposits/time?
Then at about 0.3s above the trap the missing lines are erosion rather than slipping down through movement into 0.4s?
One question really.
Looking again, I might be seeing lines pushing up, which makes the missing ones erosion?

Questions
1. What will be the annual output of the 1st 350, 000, mcf/y production module?
2 With the 1st production module producing ~ $130mm dollars of gas a year, then what value will 2 modules produce?
3.What will be the total output of 3 production modules?
4.What percentage of the global market is 1Bcf?
5.With 10-15% of the global market will He1 have a strategic influence on helium pricing ?
6 Could this be huge?

@ST
Using your method and the latest figures from DM, its closer to £12 a share P50
Just a foot on the ground, what condition are you in :)

From reading..
He1 documented cost modelling is for a plant producing polished helium , and selling at $250/mcf
DME are saying crude helium is $280/mcf, which then needs polishing by who ever buys it..
Does'nt add up
But I dont know anymore than whats in the docs, so just an observation,
Got to go out again, days flying, thought it was a lot earlier

Those high prices he quotes for polished helium, the same grade I believe He1 will be producing and selling wholesale for $250/$375, which DME quotes for crude.. ?
So
DME selling polished helium to end users $1200-$3500, I assume depending on grade and maybe supplying crude for about $280.
While He1 are talking about selling polished helium for $250/$375, well thats what the doc suggests,
with the plant schematic showing polished output, not crude,,and costs done on $250,
its early stages so i guess just one of many options..

But $1200-$3500/mcf to end users, I wonder what the middle man will pay?
Will have to wait and see, and stick with new and improved $375 for now..
Must chill,
Rains stopped, so time to go

I believe some warrants are issued within share price ranges, so if the company performs well and a share price is reached the warrants can exercised and the company receives further funding. The funder generally gets a handsome discount and may be allowed take the profit quickly, the company gets its funds, there is some share dilution and the PI gets to buy them at market rate if they are added to the free float. Recently He1 new shares dont make into public hands, which I think is a good sign, could be that they are being kept and not sold on, or going straight to private investors..
If the price range is not achieved then the warrants expire, unless the date is extended..
So I guess those out of the money have been set at a price He1 are yet to achieve.
So I guess performance based funding..
There is more to warrants than that, some having no set price, depending on reason for issue

@jam2morrow
Some SCIR info, page 158 other transactions
Solo Oil plc a limited company of which Tom Reynolds is a director, was paid a fee of $11,000 for the year
ended 30 June 2020 for director services to the Company.
The Group provided services to the value of $5,000 to Solo Oil plc a limited company of which Tom Reynolds
is a director. This amount remains fully outstanding at year end.
For the year ended 30 June 2018, Solo Oil plc was issued 3,508,772 new ordinary shares in the Company
at a price of $0.285 per share for a total of $1,000,000 in lieu of consulting fees. Also, on this date the
Company issued 2,783,772 new ordinary shares in the Company to Solo Oil plc at a price of
$0.285 per share for a total of $793,375 as a replacement of 11,135,087 existing warrants.

@jam2morrow
Admission doc page 9
PLACING, AMALGAMATION AND ADMISSION STATISTICS*

Number of Loan Conversion Shares to be issued pursuant to the 29,008,239
Convertible Notes
Number of Options and Warrants on Admission 63,559,161
Percentage of fully diluted shares capital subject to options and warrants 11.3%

Admission doc section 16, page 40, share options and warrants
with Further details of the options are set out in paragraph 5 of Part VI

page 155, section 21, share based payments
page 159, section 26, dates extended
page 166 part vi, para 5

http://www.helium-one.com/wp-content/uploads/2020/11/259989-Project-Apollo-CLN-reduced-memory-Final-13.11.20.pdf

@jam2morrow,
Thanks for the reply, did'nt consider Government holdings,
I read a share register should be kept, and its available to investors, but have not looked into it..
You could try emailing He1 , to find out where it is kept, and how to access it. That might help with SCIR.
There might be something about warrants in the admission doc, seen some info somewhere..
If you want just the total...
From H&P report when the sp was 7.2p, December 14th 2020
Helium One has 64mm options and warrants outstanding at an average exercise price of 16c/sh (70% premium to the current share price) in a range of 0-40c/sh.
We exclude the options and warrants that are significantly out of the money; this leaves 54mm at an average exercise price of 3.6c/sh. If all these options and warrants are exercised it would raise US$2mm and increase the share count by 11%.

@inthevoid
I noticed some odd goings on, Ask 19.8, seen 19.9 paid and suddenly Ask 19.7, 19.7 being paid, then super suddenly Ask 19.4, a single 19.4 paid, then up goes the ask. Then the 19.4 trade is later listed again as a negative trade..?

That game-stop saga was a real eye opener, those ii goings on should be illegal imo

Though, without the early institutional investors, and high net worth individuals , those guy currently executing their warrants at a good profit we would'nt have this opportunity, but I think we are going to do much better this time, as we can hold for as long as feels right, and if we get our commercial well :)
It does suck when we dont get an option to buy when funds are being raised. That may change when things slow down a little, we will just have to wait and see
At least the Bailiffs dont come knocking our doors when companies we invest in owe money..

I dont see how the free float would suppress the share price.
The observation is that 10M shares have been added to the outstanding total so far this month and they are not available for us to buy. Until May 11th they appeared to be added to the free float, then the float reduced to that of April 23rd..
Maybe some one is able to explain how a float can be reduced, and not add be added to..

I believe we have a couple who have worked or are working in the industry, and some who make a living trading.. and a few trolls

Yesterdays ~4M shares(exercised warrants) are now listed, but free float is still Aprils total
FT.com
14/05/21
Shares outstanding 609.94m
Free float 332.17m

@Watchmanmill, I have not look into the BOD, but it is something I will do in the future.
You did start on what you considered the weaker members..

Not sure they are going to sell with this vision, but who knows

Anyway DMs Vision.
in the next six months we're going to move from being an exploration company with some great ideas to being a development company who has a tiger by the tail.
Holding the largest natural primary helium company project in the world.
Something that is globally strategic, and is able to change the way that this precious commodity fuels the communication age into the 21st century and beyond.

we have a very sustainable company we work closely with the communities in which our project is housed something which i'm very proud of and which is going to contribute greatly to the success of our project don't forget we've got 100 year life of mine.
The children who are educated in a primary schools that we're sponsoring now are going to grow up to be our engineers, managers in the future, you know this is a long-term commitment to a sustainable community in one of the most remote parts of the country and i'm very proud to be associated with that

Well, they have selected some good players for the team, and to date progress is exceptional, so far no complaints,

Join the club, real short memory, i found out the interview has a transcript you can view on youtube, so have a copy.. been tidying it up..

DM said in his interview prices were around $375/mcf

"when we listed i said that's got an in-situ value of 38 billion dollars
actually now we know what the imported price into china is, 375dollars per mcf
actually the in-situ value of that gas is closer to 50 billion dollars"

@Bunsa, latest presentation
http://www.helium-one.com/wp-content/uploads/2021/05/21-05-06-Helium-One-Presentation_May21.pdf

All going to plan appraisals are November so we should know what we have in the first wells this year, its moving fast.

Phil and Grant will be happy with their shares and wont need to get heavy..
We already have our first uplift with a price of $375/mcf the P50 138bcf the in-situ value is now $50B, an extra $12B on the original value.
So fingers crossed for a strike,
A few extra percentage points on the helium concentration and that P50 value is going to look well under estimated..

@Inthevoid
To excited to chill, paper works in, rigs arrived, and its the weekend, and radio is playing all good feeling stuff..
Should'nt have added the "?", makes it read different, a challenging question, rather than adding..