Member Info for dai2belts

Will have to try and remember to remember not to forget to watch closely..

And check if they have a drilling season, for the Paradox Basin,

Utah drops to -8c

https://www.worldoil.com/news/2023/7/11/zephyr-energy-commences-production-experiences-delays-at-utah-s-paradox-basin/

Looks like it lost most of its recovery.....

If it turns out the insurance will cover another drill, the price should rise quickly

If the drilling of the wells is far enough away, and a bottom forms there should be some opportunity for blips on positive news... Multi-bagger back to 7s

@PortFolioPower... That 45M Block listing...

1m are being listed, but others not in the treasury ?

29 September 2023

A picture containing drawing Description automatically generated

Helium One Global Ltd

("Helium One" or "the Company")

Total Voting Rights

As required under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules, the Company provides the following information relating to voting rights as at 29 September 2023:

Further to the issue of 1,000,00 new ordinary shares of no par value each ("Shares") during September 2023 under the Company's block admission of 45,022,104 ordinary shares announced on 19 September 2023, the Company's issued share capital consisted of 943,456,430 Shares, all of which carry one voting right per Share.

No Ordinary Shares are held in treasury.

?

I found the 45m Block Issue confusing, as the 1st update mentioned applying for listing on the 22nd..So was'nt sure if we were going to be flipping even more shares....

So just 1m is a relief

Looks like they have two wells in the Paradox basin, both with issues

16-2 LN, keeps blocking with salts

36-2, too much pressure to control

So need to watch those Zephyr Updates

So if an insurance payment for drilling comes through could see a nice rise..

Horults hot on the mid-day updates

Forgot, thanks

Mmmmmm, I just read that insurance part, I was thinking that is some policy if it covers the cost of a redrill.. So you think thats waffle and unlikely ?

As previously reported, the Company retains comprehensive well control insurance coverage, and the Board EXPECTS to recover substantially all costs associated with the well control incident, including those associated with any sidetrack or re-drill scenario.

Also they did a raise earlier for that well, so money must be tight..

In June 2023, the Company raised US$3.9 million (before expenses) through the placing and subscription of 90,000,000 new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"). The net proceeds from the placing and subscription are being used to fund working capital requirements at the Paradox project.

Maybe that well is a large part of their assets too, worth little stuck in the ground

Exploration and evaluation assets at 30 June 2023 were US$50.8 million (30 June 2022: US$23.8 million) which reflects the Company's ongoing investment into upstream activity, including the drilling costs of the State 36-2 well.

You read its in profit, then later it talks losses, confusing stuff..

Way too much info in that RNS for me to take in, I would need to study it over days.

If PortfolioPower is interested he will probably be able to pick out if the drop is overdone

But its been trading a lot higher than today, 7s a number of times

Https://www.lse.co.uk/rns/ZPHR/half-year-report-fn4dzr2vrjblr08.html

Might be of interest to PortfolioPower

Just released interim's , dropped +20%

MC £44m, Assets US$103.2

At 30 June 2023, the combined carrying value of the Company's Paradox project and Williston assets was US$103.2 million (30 June 2022: US$75.9 million), demonstrating the scale of investment made in the asset portfolio over the last twelve months.

Still going up ....

Your right there, but its about mid price trades, which frequently occurred during JSEs downtrend, in that case probably institutions selling large worked orders and the mid being the average price achieved.. No proof, but they are the smart money..

Could be at a low to buy, still plenty of time though, and that update stated q1 24,

https://invst.ly/11jy6b

Mid price trades, take a look at JSE.. First time I noticed them, as there were so many...not so many now though..

@KevR, you will love this

https://www.occrp.org/en/panamapapers/aliyev-mining-empire/

Lol, not my work, PortfolioPowers

3 Nov 2022

Revenue 2021

$92.5 million

Net Cash Position at 31 December 2021

$37.5 million

Profit after tax

$7.4 million

FY 2021 Dividend

$0.08 cents per share

Management with significant shareholdings

Excellent gold and copper grades returned

Geological exploration well underway with small-scale mining commencing in Q4 2022

Underground vein sampling collected 230 samples with a total length of 117 metres, including six channel samples with assays ranging from 51 to 104 g/t of gold

New gold mineralisation zone discovered in the north-west of the mine area