Member Info for dai2belts

Both timing of the offer, and its rejection coincidental with US DFC African critical minerals announcement

Looks like somebody put an offer in for ALL, but it was turned down...Worth considering the timing of the offer with the US DFC new African critical minerals strategy...

They have sampled 5% helium and higher from Rukwa surface springs

I have'nt used AI to the levels you have, just the free stuff, that can have a totally different opinion the next time you spark up the same topic

Here is the ASX announcements page, it needs refreshing to update

https://www.asx.com.au/markets/trade-our-cash-market/todays-announcements

ALLs page

https://www.asx.com.au/markets/trade-our-cash-market/announcements.a11

Its still better informed than some on this BB

Kread, if you cant the answers from a BB, or indepth knowledge, or deep discussion then people posting are likely just trading, or just following BB hype and whatever the company says...

It has little substance, it just to anchor their share recommendations...

Saying the reason for the recent increase is colorada while simply looking at a chart, and recent events a fair part is related to Rukwas testing, its a tradeable event, .... the rise holding could be related to the recent colorado update, start of production......but that is'nt the best as initially updates had many thinking it started producing from 5 wells december, and the jan arrival of the tube trailer to take that helium to market... but most wells are awaiting tie-in, the plant was shut-in december, and production only started last week........and Blue Stars raise fell very short, just achieving ~$1m, and have until April to find investors for the remaining ~$4m... Will that impact the plants progress ?

Thats a poor article,

Looks like they may have started to fill that first trailer....so we should expect initial flow rates, although it looks like most wells still require tie-in.....

could be what was behind the bounce last week

12th Feb...

--------

The Company understands that integrated plant operations will commence next week..... with such vague wording, I assume seperation of gases to produce clean helium...rather than integrating another process..

The Company understands that integrated plant operations will commence next week.

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https://www.lse.co.uk/rns/HE1/galactica-project-update-qygwly548xks4im.html

Patty, you have to give AI all the facts you have and ask balanced questions ,

If you provide a full RNS it will repeat the highlighted positives, just reinforce the narrative, you have to ask what is missing or not said, give previous updates to fill in the picture... and then it can lose the thread, become biased or too cynical

Looks like they may have started to fill that first trailer....so we should expect initial flow rates, although it looks like most wells still require tie-in.....

could be what was behind the bounce last week

12th Feb...

--------

The Company understands that integrated plant operations will commence next week..... with such vague wording, I assume seperation of gases to produce clean helium...rather than integrating another process..

The Company understands that integrated plant operations will commence next week.

----------

https://www.lse.co.uk/rns/HE1/galactica-project-update-qygwly548xks4im.html

Another swing in Narrative.....

March 2025, site access roads and air-strip weather damaged, requires repair

August 2025, permitting update, ..The initial programme calls for the Company to undertake repairs at the Hussar Airstrip and access roads, ..... :-a regulatory delay to repairs, GEX's responsibility...

Feb 2026__

" Access routes to allow mobilisation of the drilling rig to site were inspected and confirmed as appropriate"., ...:-who repaired, if so.....

"Hussar Airstrip was inspected for the required work program (Minimal grading is anticipated)" :- improved ?.

"The Company is negotiating with another operator in the district to share the costs of part of the access road and drilling of the required on-site water well".

If the other operator repaired the access road, maybe improved the air-strip, and maybe has the rights to the water well while GEX have the gas rights, then these negotiations have a different prespective to first impression, although gex implied repairs were licences requirement .. other than water well .....

I wonder how much strain drilling requiements would put on the well, and if it could be used would another water source still be needed

Some rule, they have until 23rd April to complete this raise, ...... I wonder how much was needed to meet 2026 H1 targets... is He1 1st revenue at risk of further delay.... if Colorado was a sure bet that placing should have been oversubscribed

Blue Star Helium Limited (ASX:BNL, OTC:BSNLF) (Blue Star or the Company) is pleased to announce the completion of its 10 for 33 non-renounceable entitlement offer of new fully paid ordinary shares (New Shares) in the Company (Entitlement Offer), as announced on Monday, 22 December 2025. The Entitlement Offer closed at 5:00pm (Sydney time) on Friday, 23 January 2026 with applications for 212,741,476 New Shares to raise approximately $1,063,707.98 (before costs), including 72,650,272 New Shares under the top-up facility. This represents an overall ~20.0% take up of the Entitlement Offer and top up facility by eligible shareholders.

The shortfall under the Entitlement Offer (after deduction of the top up shares) was 879,041,948 New Shares (Shortfall Shares), representing approximately $4.395 million. The Board continues to reserve the right, subject to compliance with the Corporations Act 2001 (Cth), the ASX Listing Rules and all applicable laws, to place any or all of the Shortfall Shares to one or more investors within three months of the closing date of the Entitlement Offer, being Thursday, 23 April 2026. Any Shortfall Shares will be issued at no less than the offer price under the Entitlement Offer, being $0.005 per New Share.

Following the He1 BB to keep up with events is a misconception, looks like BlueStars Dec raise suffered badly....

1 for helium gas, rest for gaseous Co2

Colarado... was touted as a 5 well start up, for both Helium and Co2 processing , scheduled Dec 2025, and they announced 1st gas on time....

They have only recently said the plant was shut in after first gas, that the Co2 processing unit was integerating after the shut in, and that 4 wells are due to be tied in.......

I bet since helium is only around 2-3% of the gases, that, that tube trailer, maybe 9 tubes, only 1 is for gas...I suspect they did'nt have a permit to vent Co2 as they would have wanted that trailer in december..

Maybe the spin was to support bluestars late december raise

Those that went up were under the european scheme, it will be worth doing some home work on these, maybe a dfc portal that will announce them , other thing maybe a list of candidates and watch the new rns feed like hawks.... set up a list of miners to rns our email accounts

US investment.... Could see a few spikes when news starts breaking I bet there so many candidates

https://www.dfc.gov/media/press-releases/dfc-board-approves-new-investments-bolstering-regional-stability-economic

"The flow test isn't a production test, " but a production test is a flow test...

I remember 88e giving something like a 50bpd flow rate, but in the small print they only colletced 4bbls of oil over a week or 2 of testing....So not being given the total amounts over the test period omits key data

The GWR is tricky, as the waters volume will remain much the same while the gas expands with the decreae in pressure, over my head..