Member Info for deepbluediver

dai2belts
its coming back down a bit @18.15p for a buy order, the MM's are keen to offer a summer wet sale on HE1 sp before drill results...

damn it, I was shuffling money for 2 mins and the sp went up from 17.5 to 18p... lucky people who managed to buy it sub 18p

Kevin
I am so sorry to hear that - nothing is lost yet, its just interim sp (see ST's post and Dai2belts about sp movement during drill, yesterday I think it was posted) which might help quell your unrest a bit.
I cant give any views on HE1 anymore especially with all the info already shared and discussed here, now its really the drill bit now that needs to come up with the goods. As Dai2belts have mentioned this morning, there are >9 targets, remember, we are just heading towards target=1 and awaiting that result, then another 8 to go plus potentially another contingency well so more than 9 total. plenty of opportunity to strike. I wrote some moons ago we are testing different traps etc (got shot for doing that) - its not your the same as any "hydrocarbon exploration" nowadays - what they are doing is akin to the first ever explorers who discovered hydrocarbon in the north sea in the early 70's - HE1 will have discovered a whole new Helium basin, prove their science and pave the way for a systematic method to explore Helium if any of the 9 targets results in discovery. Its big, and that is my reason for investing. but its also risky (but we have 9 + chance at it).

Otherwise, to share but dont take this as investment advice, I started investing into Vanguard's S&P500 since 2012, nothing major as I was very skint back then due to my own fault but decided i needed to change my life. I started very small - putting something but consistently every months into Vanguard's S&P500. I did that for my wife, and my kids too when they were born. The fees are low, the returns are good - no baggers but solid % every year and just let it compound. I still put in every months until now - direct debit so i don't forget. Its probably the safest of all my investment and currently is over 30% of my portfolio.

I sincerely wish you well and hope we all turn good with HE1.

DYOR

Hello
just bought into Harbour the last few days including this morning - 200,000 shares averaging at 21.45p. might add a bit more over the next few days. Will read across the BB for tips, views etc. .

GLA

too wet to be in the garden this morning, but anyhow, a reminder (see top post of this thread) on why we invested.

DYOR and GLA

few wanted price to drop a bit to top up or enter, and here we are. i topped up a bit, nothing huge but still a top up.

I have both IG and HL, HL shows 19.3

Sussexmagpie
Not that I know off (prepping next drill site) or indeed where these sites exactly are - maybe another poster has more clue? From what i could remember (havent checked notes), there is no He bubbling up reported in Tai itself.

SGF
we can invest for SpectrumX pre IPO - i have confirmed it with the company rep yesterday, and I am speaking to him again this Friday.

ps I just topped up on FAR this morning @ 31.89p... if it comes down more, I will add more. its like a summer sale on FAR. I am still far from your 600k FAR shares but slowly catching up.... GLA ... )

ST
I have been using HOCL instead of hand sanitiser since the first lockdown back in Mar last year at the advice of a surgeon friend.
Anyhow on spectrum, whilst they have CF from selling hand sanitiser of HOCL based, its neither here nor there due to market (market is dumb in general and general market will still go for the cheap and cheerful). They also have NHS contracts which is good.
Keep focus on the nebuliser - they tweaked the process so that it can be safely used internally (nose, throats and lungs) against any viruses and bacteria, eliminating them at contact. Thats the proper king maker if its makes the cut in the trials.

Morning ST, SGF
You are my lucky charm! Very good share picks, i can only thank both of you.
On sp entry yesterday - luck again, just in time when i recycle some of investment around. (As of yesterday I fully exited the US market over a dozen shares, cashing some and recycling some). Planning to top up on FAR again when market opens today, i do see good multiples on FAR, although i have not yet put pen on paper on proper valuation, like HE1.
A few pre IPO i am researching now (none are in competition with FAR):
1. SpectrumX (for the nebulizer tech based on HOCL, i spoke to their company rep yesterday. This could shoot up way beyond a 10 bagger if the field trial gets a nod. Strong team. They are bookbuilding pre IPO currently)
2. Oxford Nanopore - the next Illumina in my view although their 7B IPO valuation expectation means it might take a few years to get my min 4 multiples return but solid company. Trying to get a hold of current CEO for a chat. Will report back once i get traction.

Bump, and good morning . Looks like another day in the garden.

@sgf
I hear you therefore I bought back in today at 32.5p as a placeholder, not much just 15,000 shares. I will start accumulating again.

overcast here in Central London .... laptop, beer and chips (+ melted cheese) in the garden doing some evaluation work searching for the next potential 10 bagger target after HE1.. ) do I need sunscreen?

watchmanwill
I am basing my top hole preparation estimation (and just the cement bit in this case) against the most recent offshore drilling stats across several basins from one of the top high end drillers / rig co (gen 6 and above semi's). obviously the estimate can be totally off against a land drill with lower techs involved etc in Tanzania etc.

as always and I agree, we can only share what we know and I have never drilled or have info on Tanzania drilling or mineral rigs for that matter.

good post Watchmanwill.

depends on cement, it can be 12 -24 hours with accelerators to set.

I always have time for good contributors on this board.)

Ive reposted it on the thread "Helium One - Refresher (or for newbie looking for a quick review)" - last post.

bump again, and for ST quoting seisprocessor:

"I would think drilling full speed up to 200 feet/day would be unlikely. The drilling mud will have to be constantly checked for losses and weights adjusted, given that this is a new well in an unexplored area and the drillers will have to learn as they go. There will be poorly compacted shales in the shallow lake sediments and also lots of interbedded shales within the sandstone reservoir targets.
And hopefully gas kicks in the Karoo supergroup to contend with!

The 2nd and 3rd drills might be a bit faster once they know what conditions to expect. So there is a mixture of highly porous sandstones and also shales, which are impermeable in the vertical direction (good for acting as a seal), but have high permeability in the horizontal direction when pushing drilling fluid into the side core.

I had estimated 140 feet per day based on taking 4 weeks to drill 1200m.

So matching that rate to the estimated depths would give, IMO, first possible helium shows reported below the unconformity around day 8, and from first target zone in the Red Sandstone formation at day 16.
Anyway, that's just my guesswork, and sits either side of your day 11 estimate. "

On dilution,
I think most investors here are aware and know that. to arrive at that position (raise for production), we would have discovered a He field or two, or nine, appraisals completed and sp would be north of £1 (see H&P). therefore likely raise will be at that price point, sufficient to leverage debt against it (30:70 split?).
simple calc- at $50mm total raise needed to move to production, assuming a 30:70 split equity to debt, we will need 15MM likely at £1 per share at that point. 15MM shares perhaps, or lets be a bit ambitious, we raise £20MM or 20MM new shares @ £1 perhaps for a bit more liquidity on top of 614MM in circulation now? peanuts in terms of dilution. debts can be bank loans or RBL, or bonds via Pareto and the like (8-14% coupon maybe, don't know the current market enough but back in the days pre retirement it was between 5-9% depending on various parameters). and post dilution (after capital raise), it will take the market cap to around 30-50% of NAV (pre production).

Of course, you and in fact anyone can wait and join in at £1 or post dilution thereafter and only be exposed to development risks only. your call buddy. your money. wait with popcorn or jump in now, your choice really. DYOR and GLA.