Member Info for dai2belts

Thats a comprehensive report with lots of referenced links to do your own DD..
well worth a read..

Wish I knew more....
Just read the RNS again after everyones points..
The section is about permits and details the 3 licenses, and I believe shows the licences are 100% owned, for Rukwa
1.Heading:- Rukwa Project (Helium One 100%)
2.Licences;-The study covers a project area of 310km2 in three prospecting licences (PL10712/2015, PL10713/2015 and PL10727/2015)
Permits :-
1.Submitted to the National Environment Management Council ("NEMC") of the Tanzanian Government.
2.The ESIA is a key document in securing environmental permits for exploration drilling
3.We look forward to receipt of the permits ahead of the drilling campaign.

My interpretation is that permits are needed before drilling can commence..
I would guess this is to ensure prospecting activities are not destructive and meet environmental requirements..

Confusing, maybe you need the prospecting license, plus the Environmental permit to commence drilling.
I dont know...
the PL guidance, does not specify any form of drilling but certainly suggests it..since its underground....

"Subject to the provisions of the Mining Act and the related regulations, in the event of a discovery of helium gas, each Company has the right to apply for either a Mining Licence or Special Mining Licence (as defined in the Mining Act) for the licence areas subsisting at the relevant time under the Licences. "

He did'nt say "end of this month" though.....
It has been a long wait, I will be disappointed if its not tomorrow..

Tomorrow this is all I expect to be confirmed...proof of concept..
SYME is now in the final stage of "a" typical securitisation transaction and the market "will be" informed by the end of the month.

We got a bargain here..
March 2017.
Following the pre-IPO funding round Solo now holds 18.7 million shares in Helium One Limited, pricing of US$0.20 per share, £2.55 million acquisition cost paid. .
18.7M@8p is about £1.5M

took some finding, as solo does not come up in lse search box anymore..
found nothing to follow it up, others looked too, old news now though, and was posted a good while back..
https://www.lse.co.uk/rns/SOLO/update-on-helium-one-investment-b0t8m20tgdwnyjl.html

Past event, I will try and find the article later, will need jog the memory first..I will post it under your name..

Do you read it same as I do?
I nearly missed it as thought, a paragraph just repeating info about Rukwa, but I am so forgetful I thought the reminder would be good..
After Contact Details..
Rukwa Project
============
On 11th January 2021......
The ESIA is a key document in ->"securing environmental permits for exploration drilling"<- and is an important milestone towards Helium One's maiden exploration drilling campaign. The study covers a project area of 310km2 in three prospecting licences (PL10712/2015, PL10713/2015 and PL10727/2015) and includes environmental and social baseline studies, impact assessments and mitigation measures.- >"We look forward to receipt of the permits ahead of the drilling campaign"<-.

Just a penny can make a big difference when buying at this stage. That penny can be the difference to having a red or blue portfolio, while holding that can be mentally challenging.. I have managed to average 7p and keep considering more.
IMO 300,000 shares could make an unbelievable profit, making £24K insignificant but without that drilling permit, ouch..
If had £24k available from profits I probably would gamble it, but this one is from my pot..
So getting in early has greater risks, without that permit news, we cant progress, that was not even in my thoughts until yesterdays RNS...Reminds me of a past event in HE1s history..

So getting in after this news could still be a bargain even at double todays price, especially if Rukwa turns out to be the Goldilocks Zone as mentioned in the report..
That report says so much, and then calms down the excitement with the COS..

The price could drop again, we are waiting on one super important piece of news, its why I will be checking in more and more the longer we wait..

I like this sweet dream invoking quote..
H&P page 19
"Given that there has been significantly higher concentrations of helium found in surface seeps, we believe that there is a good chance that if helium is found it could exceed the P10 case"
Prospect--P10 Unrisked
Itumbula--33.6(10% springs near)
Mbuni--21.0
Kasuku--21.9
Just Itumbula, using US$50/mcf NPV would be worth US$1680mm, thats £2 on its own...
best check yourself..

Share Price..using $250mcf
Quotes..H&P.
Page 1:-
On an unrisked basis, we have a NAV of £1.04/sh or almost 15x upside(that is just Mbuni,kasuku,Itumbula). Further to this are the follow-on prospects(other 18, ~121bcf P50 unrisked) that are not included in our NAV and its other exploration areas(thats Eyasi & Balangida). (Unrisked P50 ~17bcf value given for the 3 is >$775mm<)
page 10
"we do not currently include any value for these but to give a sense of the scale, there is in total 138bcf of unrisked resource on a P50 basis; on a risked basis this equates to~14bcf, which at US$50/mcf NPV would be worth >US$700mm.<"

Page 20 shows a Risked value of ~12bcf for the other Rukwa prospects, so thats ~$600mm..
There are no values for Eyasi & Balangida..
I make that about £2, for 3 good wells, plus a Risked(P50) 12bcf ,without considering Eyasi & Balangida
So potentially lots of unrisked upside to add, way past £2.. :)

India use about 2.5Bcf a year and relies on the US for their imports..
Short video with some interesting facts to compare our investment with
https://www.thehindu.com/sci-tech/science/tackling-the-helium-crisis-in-india/article34189326.ece

Your tempting me to buy more,..
I think if all goes to plan production sp will be minimum £2.50..
DME C$4.25 is based on producing about 0.23bcf/year averaging the values given in table 17,
if you use 30 wells, 1.5mmcf/d, @4% helium its close 0.6bcf/year..
He1 factory mentions 0.35bcf/y, obviously it could be more
So on comparison about £2.50
again its rough

This morning somebody pulled the telegraph poles connection box apart, so had no internet or phone most of the day and missed the low 7s..

There are two pages to the news letter, did not see the second page until I switched to my desktop.
The 2nd page headings are also links which I almost missed..

Von, I agree from everything I have read 10-14% seems really low, even 20% sounds conservative..
I do wonder if the given COS was considered good enough to get the required investment without promising too much.
When investing with a COS of 10-14% you can not complain if you end up with nothing, but a 50% COS, P50, and 21 prospects you would be upset..

Another positive is there is talk of a commodities super cycle as economies invest to grow, so we have a commodity, already showing growing demand, and we are in early, fingers crossed we do find the biggest reserve in the whole world..
I could pay a whole years bills with my investment, so will be kicking myself if we get dust

My wild guesses, no calculations
Pre-drill: 7/8p
Receipt of Drilling Permits 14/15p
Announce Start of drill 20/24p
Good 1st drill, announce straight to appraisal : 60p
Appraisal 1st hole exceeding P50 +£1
then lots more as FOMO kicks in..

Noob67 syme

always thought the CoS were 10-14% or He1's higher value 20%, both from same document ,not seen any other values