Member Info for DickieT

Anyone here with Level 2 access to see the Order book?

Positive overall — it’s a strong operational milestone and de-risks flow capability, so the shares should rise, though gains may be tempered by the low GWR and the clear need for a partner/funding although the latter was always going to be the case.

Probably not yet the “commercial breakthrough” announcement that would typically cause a massive re-rating.

But then again with my investment strategy of buy high sell low I may of course be wrong 😁

I was never a professional investor. Just dabbled what I could afford to lose.

Lessons learnt for me (HE1): when investing in mining exploration companies prone to dilution, the smarter tactic is not going all in early — scale in over time and ideally buy after the dilution event when the selling pressure has cleared and the company is properly funded for the next catalyst. I didn’t do that at first with HE1, but I eventually did start averaging down — every day is a school day.

Any reason why Google Finance price just suddenly dropped to 0.6p after hours?

I simply do not believe that any institutional investor or potential buyer is going to spend that amount of money without having their ears to the ground.

Yeah technically illegal if insider dealing but this is Africa!!!

Yesterday I said I was waiting for 3p having been sucked in at that price. Totally forgot 1 averaged down so breakeven is 1.4.

Problem of holding stocks in different accounts

Still some ways to go but looking good.

Also in profit on the other helium stock (The one that shall not be named with an RNS this morning)

Happy days.

I expect some fluctuation today as day traders pocket their profits.

Thanks McNol

Really appreciate your positivity, understanding of the market and accuracy of predictions.

On Helium One, where hope runs high,

And charts look like they’re learning to fly,

A merry band posts night and day,

To soothe the nerves… or shout “HOORAY!”

There’s Pubcrawl, bright as summer skies,

With rockets always in his eyes.

No dip too deep, no news too small —

He’ll slap a 🚀 on it, bless him, every time it’ll brawl.

Then McNol, steady as stone,

The calmest voice the chat has known.

Some whisper “Pubcrawl’s alter ego”…

A theory I reject — though I admit it’s quite the show.

And Crypt, pragmatic, sharp and kind,

A rare one in this savage grind.

Even when some troll goes feral,

Crypt replies like he’s hosting BBC’s The One Show — thoroughly moral.

Blubay arrives with technical flair,

Explaining things that leave us staring into air.

While others scream “IT’S MANIPULATION!”

Blubay’s out here running a full geological dissertation.

And then there’s me… DickieT,

Still raging quietly in my seat.

For while they dream of ten pence glory…

I bought at 3p, and it’s now my villain origin story.

So here we sit, this noble crew,

With hope, and charts, and PTSD too.

And if Helium One does finally moon…

I’ll celebrate.

…But I’ll still mention 3p until June.

Well that was a damp squib.

I might stay awake for 15 minutes more 🥱😴

Viewable in 15 minutes

https://www.marketindex.com.au/asx/bnl/announcements/galactica-project-update-6A1311714?utm_source=email_alerts&utm_medium=email&utm_campaign=asx_announcement&utm_content=read_full_announcement_button&utm_term=price_sensitive_asx_announcement

Galatica announcement of trailer on-site was 3 weeks ago. Surely it is not just sitting there idle?

Thoughts?

What is it going to take to increase demand in HE1?

I think the big investors still have a fear of more dilution and given HE1's track record who could blame them?

RoseyM

The reason the BNL share price has hardly moved is because just like HE1 every time there is good news they dilute to share price by raising capital.

The recent raise by BNL would have diluted the SP by 20% to 30% and there are options to be exercised in June 26 that will dilute it further.

The only thing that will make this move upwards is solid news on revenues actually being generated and cash in the bank.

With very little going on my only assumption is that the MMs are positioning themselves for January revenue news and Rukwa results.

Only day traders or someone desperate for cash flow would sell HE1 at the moment Shirley?

Helium One today — WOW. The share price is up bigly. Really bigly. People are saying they’ve never seen anything like it, and these are market people, very serious people, not losers. 📈

It was down, now it’s up, and when it goes up like this you know what that means: tremendous strength. Some shares sink, Helium One floats — very appropriate, very smart. Frankly, it’s looking so good right now that if it keeps going like this, we may have to call it Helium One Great Again. Believe me.

BNL straight out of the HE1 playbook share price wise. Best news ever released with dilution announcement meaning BNL share price drops nearly 30%.

Lorna would be proud.

Only silver lining is that the dilution should not impact HE1 revenue share from Helium production...I hope.

The company is days away from first gas, which is a major, price-sensitive milestone. As commissioning completes, management will already be receiving confirmation internally that first gas is imminent.

At that point, they are effectively in possession of material non-public information.

Because of that, they cannot announce first gas and then immediately raise capital without breaching disclosure and insider-information rules. So the only clean window to raise money is just before the first-gas announcement.

They place the company into a trading halt, complete the capital raise on equal terms for all investors, and then lift the halt with:

• the capital-raising announcement, and

• the first-gas announcement shortly after (or at the same time).

This avoids legal issues, prevents a “share price pop then dilution dump,” and ensures the balance sheet is ready from day one of production.

What you’re seeing is a sequenced, governance-driven process, not a sign of concern

Pubcrawl is correct

For AIM mining stocks, particularly at the pre-production stage, institutional involvement is often already present but structured quietly as part of disciplined risk management. Specialist funds and institutions commonly build exposure via nominees, pooled vehicles or tightly controlled mandates, deliberately keeping positions below disclosure and internal risk thresholds while projects remain capital-intensive and binary.

The absence of visible institutional names on the register is therefore not a negative signal; it reflects prudent sizing and staged commitment. As financing risk reduces and projects move through construction toward production, these thresholds are reassessed, allowing institutions to scale positions more openly and paving the way for broader, more visible ownership.