Member Info for dai2belts

I "would'nt" rely on Utah

@Swissy, trouble is this time last year jason mentioned morocco could be completed before new year, all the while the fuel was stuck in customs, and as it turned out there was weeks of waiting to get a slot amongst production..So if the fuel was released, then there was weeks of waiting......

Those December contracts signings, also have a forward looking statement attached in the presentations... 43min in...

https://www.youtube.com/watch?v=fSwH4RRPzms

I would rely on UTAH, he said that was imminent before the last placing even though there was that dispute... He also mentioned a 2nd project in Utah related to Valkor and another company? But the 1st relies on Valkor obtaining $15m funding... 47min

The question is will they pump the price before the next raise like the last time, few forward looking updates again.. 2nd Moroccan site, mention of supply talks..

Never seen a painted hole before ;)

Https://www.helium-one.com/wp-content/uploads/2023/11/AGM-Circular-Final-2023.pdf#new_tab

@Swissy, Were you as dull as myself, not selling at 3p , twice..with a dip in between too...

I find it hard to believe 3p was reached on the posted COP28 hype, especially since QED were not there, then how easy the price fell in the 1st 5 minutes looking at the chart.....unless it was all selling...

Looks like a big buy, but if you look at the trades, above the mid leading up to it, all blue but the Ask falls?

So suggests selling...

08-Dec-23 16:00:38 3.05 19,264 Buy* 2.90 3.10 587.55 O

08-Dec-23 15:17:22 3.14 1,950,000 Buy* 2.90 3.10 61.23k O

08-Dec-23 15:15:08 3.06 4,488 Buy* 2.90 3.10 137.33 O

https://www.lse.co.uk/ShareTrades.html?shareprice=CGO&share=Contango-Hdg

News in 2 weeks , coal expected to be ready for delivery...

Then theres the asset buyers ongoing DD

Not sure what to make of all that ?

No fund raise, but a non convertible loan

instead it has sourced non-convertible shareholder loans from existing supportive shareholders, as previously reported, to provide working capital ahead of consistent sales.

Possible contract

high probability that subsequently a long-term offtake contract will be entered into with this Tier 1 consumer, which has expressed a minimum need of 6,700 tonnes per month of washed coking coal from Muchesu,

Possible purchase of assets, would that leave it as a shell ?

Finally, as reported on 26 October 2023, the Company received a non-binding proposal for the potential acquisition of its assets. The company making the proposal has subsequently drilled three holes at site, at its own cost, as part of its due diligence process and is reviewing the results. Further updates will be made as appropriate

https://www.lse.co.uk/rns/CGO/statement-re-share-price-movement-idcc8bm7ujm08t8.html

They issued a RNS to slow the slide midday Friday... ?

£12.99 to set up....

Looks like on the last cash box they actually used a similar company name as in the internet examples, JersyCo..

Its a tuff one to figure out, but the share price suggests unless they are topping up, or some of the required services are still paid for, then they are going to struggle to fund anything more than Itumbula next year...

I believe you can register for the meeting, and submit your questions

@sdg1970,, If they did'nt announce the fund raise, then with the share price movement I would being guessing a CLN was on its way...

Guessing sometimes gets the answers ahead, when enough contribute, and sometimes saves you getting your fingers burnt.. discovered the cash box option before it was announced, so knew funding was possible..

Theories will differ as feedback from others add more details, like Skittish reminding us that the cash box associated company was JersyCo.. Which then highlighted the missing RNSs on Lse.co.uk, with the info to confirm what he said..

So its back to the questioning the purpose of the new company...

Conspiracies, Even though last time He1 decided to update the market after hours, still some how lse.co.uk never listed the cash box raise notifications, neither of them... which meant the retail offer, being only available for a few hours was missed by many...

https://www.londonstockexchange.com/news-article/HE1/proposed-placing-of-ps6-3-million-and-retail-offer/16113590

https://www.londonstockexchange.com/news-article/HE1/retail-offer-by-primarybid/16113591

@sdg1970, it was sarcasm ;)

All the shell and SPV is confusing

Not sure its loaded with debt just cash, they issue shares from it, wave a wand, he1 get the money, and funders receive he1 shares with out actually paying for them.. Although its obvious He1 shares were the prize and the money from newco is never going to be paid back..

Looks like they need a water rig after all ....

Helium free mineral water as a side line

I dont believe they have to pay back the previous cash box raise, but I would'nt be surprised if they do another, and keep the 315m for later..

I was'nt going to vote, but I will be notifying my broker 1st thing Monday, after the last RNS