Member Info for dai2belts

@DeepBlueDiver
What was the story on the Supply Chain and how long ago?

CoS top estimate is 20%(HE1), on the 3 exploration wells, with 3 targets each, 10-14%(Com Persons)
DeepBlueDiver gave a a great explanation of calculating CoS yesterday..

Noob is this the video
crux on mining cycles
https://www.youtube.com/watch?v=xDFAKWTVe8k
So we are going to be here a number of years, just go to get those dips timed right..
The investing cycle got my attention, I need to make a note of our predicted times..

Pleasure, just sharing information, those heads on Easter Island are made of the same stuff too,,

Did you see the mud logging(well log) video, it is really informative, and kept simple, some clever people about..
https://www.youtube.com/watch?v=f5B6Q-SsxVk

@noob..
Well, tuff rocks are not mammoth skins but a layer of melted volcanic ash forming a good seal, failing that a soft rock that can be worked, and carved..
The Mt. Vesuvius eruption and tuff resulted in the preserved shapes and postures of the people that were trapped by the eruption and covered ash.

I hope you have not spent all your funds on JRs Unicorn

Thanks for picking up on the mud logs, much appreciated..
Just googled well and mud logs to make sure they are the same thing,,
found a reasonable short video, its not to bad, informative though
https://www.youtube.com/watch?v=f5B6Q-SsxVk

But as an asset it is worth a fair bit so should add value to the company..
I would have thought its like having a warehouse full to the brim, or in this case warehouses, all of which could be sold..
Or kept for the long term, almost a never ending supply, that will add to the share price..
I would expect a good premium for a share with a life time supply of their top selling product.

Its all good questions tonight, heads hurting, it all makes sense until questions are asked...
£1, is just for 17/18bcf, there is another 120bcf all going well,, thats worked on 4.2% helium by volume, not 10%
Only time will tell..

@lsetown
found this, believe it includes the 16%
We expect the plant at plateau production to generate US$87mm in revenue per annum based on US$250/mcf in 2023.This should result in EBITDA net to HE1 of US$75mm and post-tax free cash flow of US$56mm, demonstrating very quick payback on the plant.

Assuming the share dilution..
So 56M/1Billion=$0.056/share, about 4p, I believe thats fcf/share and i guess the dividend among other things would come out that.. So 3p Div looks high,

Confused now as 3p does not sound much on a £1/share..???

Extract..
The Government is entitled to purchase at market value up to 50% of the shares in a mining company, which can be paid via tax breaks on production. To date,this right has not been exercised by the government.

If this does involve issuing more shares, then initially I dont see it reducing the share price as they have to pay market value, but it would 1/2 earnings per share, and affect the div if paid.. Anybody ???? ubove me..

Well I thought they used mud, and mud logging was those log shaped core samples, until I watched some videos, and I am still unsure...string test was like a plumb cord with some high tech pendant..

video I watched yesterday showed the clearing of the hole after the initial drilling.. worried about what i have posted now, need a delete option..

I might be wrong but mud logs could be information recorded during the drilling, not sure what though, the core samples taken usually during appraisal drilling(logs of mud)..
Deepbluediver might clear all this up??

When they mention mud I thought that was clearing out the drill lubricant, which until recently I thought was real mud..
And tuff beds, preserved mammoth skins as I bet nothing can escape through them, but might snag the smaller drill..
The 50%, could that just be the gov are allowed to own 50% of the shares, without becoming a controlling interest, these shares being bought from the market like us???just guessing here, ...
If its not in the docs I am stuck..

Interestingly when DM talks about plan B(20m10sec) he references Rukwa and the risk of no seal..
He explains Eyasi and Balangida are salts lakes, so within the sub-surface are horizons of salt which is a grade A capstone.
So they are plan B..

Rukwa Extracts.....
Source and migration have been derisked by surface seeps, the reservoir has been proved by previous wells
and the trap is data limited by 2D seismic and gravity gradient data.
High relief structures are imaged by both geophysical data sets. (I assume helium to be proved by drilling??)
The biggest risk surrounds seal but sealing units are known in the geology.

Rukwa, (Ivuna-1 and Galula-1 petroleum wells)..
The two historic (dry)petroleum exploration wells demonstrate stratigraphy with effective seal capacity. Additionally, bentonitic tuff beds described in the Lake Bed Formation and Red Sandstone Group have
the potential for high quality seals. Seals are present within and at the top of the Karoo section as evidenced by the
Ivuna-1 well.
Observed seismic amplitude anomalies are conformable to structural highs may be related to gas effect in the
rock, in which case effective seal is demonstrated although well data is required to confirm this relationship..

Eyasi is not as advanced as Ruwka, Geologically its similar to Rukwa plus its has good salt beds.

Thats dampened my desire for a top up..
Its a good question, hopefully a more experienced poster will add something.
I think the 20% is aggregated, based on 3 wells, with 3 shots each at different depths.
There is some extra info in the Geological risk section of the report where Rukwa is described as the Goldilocks Zone for Helium.
Some of my speculation..
Mitchells is willing to be paid part cash part shares, that shows confidence..
Have you seen the latest video and DM's response when asked about finding nothing?
Finally they talk about Eyasi and Balangida, their similarities to Ruwka and also their salt beds.
That gave me the impression there is an even greater chance of success at Eyasi, so I am wondering if there will be a fund raise for Eyasi soon, before drilling..
But if your really confident about Rukwa, then may be Eyasi can wait?
They have started some ground work at Eyasi, but seems to be in the background regarding our updates.
Mmmm,,,

Alfred12. There is a CFD thread here. one of the posters was asking for a little info..could you add to it?

Nice there are still sellers out there, wonder if they will sell cheaper when the ISA rush is over..
I dont think any seismic results are due for a few weeks, so it could drift lower...

heard a warning against taking positions on stocks with large/varying spreads.. I guess this would be one of those...
something worth checking out if you try cfds..

Post HE1 Dec 21st
", dont use shares with big spreads, you're asking for trouble, sorry but thats a fact."

Nice find AYE777
For those without bloomberg sign-in, dont know if its the full article.
https://www.bloombergquint.com/business/singapore-hedge-fund-targets-billions-for-trade-finance