Member Info for dai2belts

The original estimates, like the Gov estimates to get big projects started, only for costs to double, then double again

Yeh, A few comments got me thinking, He1 are playing like a lifestyle company, From the start the plan has changed, $1m/well, £50m per plant... Not drilled a single well from the IPO documents.. Raised some money, turned up, did some seismic and drilled elsewhere... Not achieved much more than collect data since, and getting the resource upgraded with a new CPR which seems to be a common practice, until the drill proves a commercial discovery its just academic..educated estimates..

What did you think GRE's grades ?

Something happening, up 30% on friday...

GRE, Geentech metals

Something happening, up 30% on friday...

GRE, Geentech metals

He1 getting a slating,

Whats strikes me here is the pad, we have a pad prepared in advance, yet faltering rig negotiations..

Phase 1, they had the rig, deviated from drilling the original 3 targets by choosing Tai, but did not prepare another pad even though there would'nt be enough time to prepare each pad after completion of each well .. That could suggest there was never the intention to drill to just 2 wells ?

Wrong rig to justify $5m for 3 well, (I think they used up the $5m on Tai , not sure?)

Then dropping the Predator just before it became available..?

Not knowing both the Predator and Exalo rig had caveats ?

And now SOFORI

£300k annually spend to maintain those licences, oddly Civils: £0.36m

Not sure if long lead items count, but they mentioned these were ordered last year, · Drilling ancillaries: £0.35m

Unlikely dastardly , but questionable?

Lets see if Morocco news arrives to support this offer..

@Latorre, I did'nt think you believed in the sell off theory lol..

You make your own luck, unfortunately we now have a comparison, taking all challenges in its stride..

They never planned 3 wells for $5m,

@Latorre, for you to no longer trust them is something...

Anyway, I am off out, trashing my own investment is not good..

Almost saying too much..

@LegalWolf, They wont tells us anything, the Predator was a real screw up, imo they knew about the court order as mentioned the export too often, apparently they ordered the long lead items and eventually it became available..

We would have completed drilling now.. No explanation

It needs a further shake up, a freshen up, hungry people wanting to make a name for themselves, not part timers

Out for me...

@latorre, this has been brought up before, part timers with other commitments.

Look at Mike, with his own company, claims often to have multiple projects running, but other than He1 the others appear to be top secret..

Sarah, Investment banking and Nomad / Broker, not sure she can carry the can for the rigs, maybe guiding the updates being a Nomad, and compliance to AIM..

@Louis, so what would be Sarah's role in contracting the rig ?

Comms, if truthful would have shown issues, thats why they said nothing, else they would have been repeating last year nonsense.. Noble leading the way forced the update

Another year, still talking about the contempt they show us..

Just been updated, and plenty different views on what it suggests, if that update was worth anything we would all be on the same line, as usual we are all guessing...

This unnamed forum..

Have you tried how many times can you vote ?

They need to play this motivating tune 24/7

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

Frogs got orchids lol

@Turbot1610, The pad kills two birds with one stone..

We need it for the rig, and I believe you have to invest so much to maintain the licences..

Minimum expenditure

The amount per square kilometre or per hectare which the holder of a PL shall expend annually on

prospecting operations in the licence area shall not be less than USD 100 per square kilometre, in the

case of a PL for industrial minerals or building materials

Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences totalling more than 2,964km2

So it looks like besides annual rents they need to spend £300k/year tending the land,

@Swissy, no LTH will take their timelines seriously, they need to achieve something for that to happen