Member Info for dai2belts

@Granma Kelladee, I dont know how many shares your entitled to, but it would be worth checking what price you can sell the same amount of shares for, from your current holding to buy your entitlement.. looking at Fridays trades it looks possible to make a small profit doing so. That way your supporting the fund raise at no expense, and making a small profit, even if its just worth a few bottles of wine..

Some posters have skin like a rhino, or enjoy the stick they get..

I feel a bit bad sitting out of the way voicing my concerns while the newbies get sucked in by the fully funded CEOs, the fully funded message pumped by the rampers that will eventually jump ship...

I feel bad for posting the video of Lorna saying they are fully funded too..

But not as bad as if I said sell, and they did make a world class discovery..lol

So best to say not too much in public...

Seems to be hinting at money in the bank, retaining $1m

https://www.youtube.com/watch?v=d6U_qOkjsbE&t=238s

Thanks Metis

https://www.youtube.com/watch?v=d6U_qOkjsbE&t=100s

Lol "Short Term" I bet thats no related to progress, a non defined period could be days, weeks or months...probably why I dont remember as it means they will raise in the "not so short term"

I have struggled to find any clear info that sticks in the mind regarding raises..

I assume they can still issue up to 20% if that is the annual limit, and as long as they offer to current holders I guess the excess can be offered to new.. Then to satisfy our rights, we get our offering to top up funds ..

In my experience raises just happen, sometimes you get to vote later, if you want the company to progress you have to vote yes...

They can raise before or at TD, if logging while drilling after announcing shows with data supporting reservoir type formations, pause before testing, and create a wait for results... So maybe carry out the 2 weeks testing, sending results for analysis leaving it all to speculation for weeks. They could mention a new resource upgrade in the same fashion as the off-takers, depending on results of course. but look at PRD, announced a drilling and testing phase, raised after TD, still not tested..just changed the plan....

At the moment they maintain they are funded, but what if they need funds for testing or analysis of results ;)

We could get a string of announcements, then we have a proven new price, follow it with a delay causing a fall in price, so a small raise would still be at a discount even if at market price.. We love a raise at full price, along with the company spinning the new institutional interest, adding to the confidence of a discovery...

If we thought they wanted another £10m in one raise, and we knew how many shares they have to issue we would have an idea..

Thats a good question for wednesday.. its not asking how much money or if they are going to raise, and the answer should be a figure not waffle

Can anyone recall the interview where it was supposedly said he1 can raise without a egm ?

@KevR The irony is LW is discussing a topic that negatively influences a shares price, especially when it is difficult to access when people will start taking profits & bailing in anticipation, while coco is doing his up most to create a rise..

So at the moment those sitting above the current price waiting to breakeven , or looking to make a profit near 10p won't be enjoying Legals topic.. And if he has the same impact as PersianTrader, gaining support from other posters then He1 may have to raise at a lower price than anticipated as happened last time..

As you said the BB influences your decision to invest, and if people are saying a raise is due, you move on or wait, even more so if the posters has influence..

@Metis, those 6m options were likely issued in the past, but He1 have omitted their exercise price so we have no idea to which batch or batches have been converted, or when or to who they were issued..

Those for services are probably new issues, again we dont know to what value, or for what service or to who..Could have been for the City Roadshow, or services moving that rig, who knows...

@LegalWolf just lost my reply...:(

When did LB says she was definitely raising..?

They must have spent more than last year so it must be coming, question is when. If it requires approval as long as they know the majority holders will vote in favour, enough to approve then I cant see anything to stop it.. but thats making an assumption there is always a clause or exception in favor of raising funds..

Why do you think the smart money is leaving, there must be plenty of large holders, they just got the opportunity at the fire sale to pick 500k for about £23K, such holders will be sat on a 250k free ride to trade risk free, 0.1p moves worth £250..

That RNS shat on all the LTH

Not sure we are the dumb money, but we are blind, and our trusted source of info is only interested in taking our shirts

I guess Noble would have had inside info, without being classed as insiders.. Not sure there was a need to put it out there that He1 were not at that time using the Marriott, but that signaled they were drilling 1st.. I wonder if they were set up to buy AIM shares that morning ?

The QED BB, I think there are a few who stir up the LTHs negativity...just wish they would hurry and get back to a penny to start pumping again lol

Lets hope the herb becomes a stampede

@Deep100, nice you dropped in, but makes me wonder how many read our comments..

@KevR, that Friday RNS, there was no need to actually name the Marriott rig, or suggest it was an option they were evaluating, especially while the Predator was bundled into the "others"..

SOFORI, they could have said discussions were concluding, rather than talking about concerns fulfilling obligations and taking legal advice....

When the rig audit was 80% complete, it was'nt mentioned that they would struggle to complete the remaining 20% as the engine was in bits.. When the rig crew were given leave they did'nt mention they had no work until the engine was up and running..

Thats a stark contrast in styles, one supported the share price while the other unnecessarily trashed it

And with this comment, it suggests LB did'nt write the RNS

============================================

Lorna Blaisse, CEO of Helium One, Commented:

Whilst frustrating that a definitive contract has not been signed, we continue to work with SOFORI with a view to fulfilling their obligations under the LoI. In the meantime, we have commenced our civils work at site in order to ensure we can expedite drilling Operations as soon as possible once we have a rig secured.

===========================================

@KevR, just joking as they all sell the that break even point,

@KevR, thats talking the walk, "breakeven at around 30-35 dolllors a barrel. It’s currently 83 a barrrel"

Some classic cello music for the weekend

https://www.youtube.com/watch?v=uT3SBzmDxGk

You cant convince me that Friday RNS was not a set up as Monday the rig was in country. Saying they were still pursuing SOFORI was misleading as all the logistics will have been completed weeks in advance of the rig arriving in Tanzania...

The fallout from simply mentioning the Marriot rig was obvious, as it was suggesting a 2024 drill. All this while somebody was probably auditing all the gear being prepared for shipping to Tanzania...

Its no different from the second Tai well

All this is probably why the share price is not moving.....

The placing, the special resolution was to waive rights and issue up to 200m shares, it did'nt get passed. So I assume they have whatever is the default limit. If they offer to existing institutional investors and they say no or take less, then whats to stop them going to new investors, before offering a token placement to us lot ? So many clauses..

But legal why do you ask on the BB, if you have a position at the moment your talking your own investment down, if you sold fair enough.. but the BB seems controlled, even I was persuaded to post elsewhere by a few of the regular nice guys.. The lse BB posting rules border on grooming to a particular share, nobody wants to learn through the experiences following other companies, its keeping people blinkered..

Now being devils advocate, how do I know your not attempting to drop He1's share price by placing scaring ?

But while we are there, when do you think its most likely...? lol

I think, they could be influenced by PRD, especially as they will be sending any samples taken from a discovery for analysis.. Or so they said, but I thought they could do that on site after following Tai-1

Obfuscation tactics

@sdg1970, you're a lot sharper than me, I sold my 5.5p shares too quickly..

https://www.youtube.com/watch?v=Gtffv9bpB-U

@sdg1970, that was a fantastic weekend if you were not already on the wrong side of the price or fully loaded..

Lol, LegalWolf you got 2 threads named after you, I only got 1 :(

Once they have one well, will they be happy to trundle along as a life style company, while talking the talk ?

That brings me on to QED, are you still holding, those keen Moroccan clients, still no test date, something rattling around the head about a cut off date, will have to take a look back on the old BB ..