Member Info for Dicko80

Tick ups coming

0.65 - 0.75

Excellent early outcomes from B2B2C agreement with large US health plan, expansion of business verticals”

“Signed content licensing agreements with two large pharmaceutical companies, highlighting the diversification and applicability of Trellus Health's proprietary resilience-based methodology. Increased commercial focus on agreements with pharmaceutical companies and clinical trial research organizations, where Trellus Elevate™ and resilience-based assessments can provide value for partners.”

hTTps://www.lse.co.uk/rns/TRLS/half-year-report-0ra52vq23ba8bpq.html

This is the opportunity ☝️ With cash £4m vs £0.9m mkt cap

I’ve had a look through and come up with the following

$8m cash at end of June 24

Enough cash to see through till late Q3 25

So let’s say nov 25

17 months

$8m x fx rate 0.8 = £6.4m

£6.4m / 17months = £0.376m per month

July to now 6 months

6months x £0.376 = £2.25m

Cash balance

£6.4 - 2.25 =£4.15m

£4.15m vs £0.9m mkt cap

Commercial negotiations advanced with two potential partners and discussing across the portfolio

Very rare to see cash some way in excess of mkt cap

A deal would certainly send the sp much higher

Https://www.linkedin.com/feed/update/activity:7283497824850178049?trk=organization_guest_main-feed-card_comment-cta

Yes fantastic

Full reservoir

High grade helium , expect it to be higher than 14.5% previously announced as you say as that 14.5% was 5.1% mud logs and deeper have just confirmed 7.24% mud logs

Excellent

As you say wells are cheap to drill , they’ve only drilled into the top of the reservoir in jetstream#1 which the flow rates have confirmed $22m per year (company estimates) so if the reservoir in this location which looks to be at the edge of the structure, does extend 500m deeper, the flow rates will increase accordingly , could be a $50m well pa and that at the edge of prospect, drill over the thicker part of the reservoir 2.5 times the current potential well and again potential to be much higher flow rates

The economics will be highly lucrative with this scaleable reservoir

$2m per well - $22m - $50m return pa

5 wells $10m potential $100m - $250m

It will be a sort after asset if the reservoir extends across their licence area and that’s just 13% of the licence area , much more to explore with further seismic to understand further exploration upside

Yes that valuation is for the first well, so the next two drills in a success case will increase their valuation and price target

Pulsar Helium Inc.

A High-Grade Play in a Tightening Helium Market

Published: 1/6/2025

Author: FRC Analysts

We believe Topaz has substantial resource expansion potential, given its open nature both along strike and at depth. Management plans to conduct additional drilling, followed by a resource update, and a Preliminary Economic Assessment (PEA) in the coming weeks.

PLSR has applied for state land leases to expand its land package. Flow testing recorded up to 821 mcf per day, with concentrations between 7.9% and 14.5%

Geophysical results indicate the potential for gas accumulation directly beneath the maiden well, and within a 3-mile radius. Management plans to deepen the Jetstream #1 well by another 500 m to test the full height of the reservoir, and initiate a step-out drilling program to expand the current resource envelope.

Geophysics has identified an anomaly measuring 3.5 km long, 1 km wide, and 0.5 km deep, with typical target depths for helium deposits in North America reaching up to 2.5 km. PLSR’s maiden resource accounts for only 13% of its land position

Plans to drill two step-out wells to target promising geological anomalies. Anticipating a resource update, and a PEA in the coming weeks

We are initiating coverage with a BUY rating, and a fair value estimate of C$1.57/share. PLSR is an early-stage helium junior, with a high-grade discovery in Minnesota. With a significant supply deficit expected later this decade, and a strong management team, we believe PLSR presents a compelling opportunity within the emerging helium market. The company's upcoming drilling program, and the planned PEA, are key catalysts to watch.

They were all buys, except for the last two trades of the day

4.6m was my buy , rounded up

“My monies still on no cash but some olive branch of new exciting opportunities.”

This isn’t against the state , this is against another company

Who have already agreed privately with AB the settlement

Correct

All buys today

AB made ref to not liking the thought of going for a week , it’s now 2 weeks

It’s all about timing

Too much going on in recent weeks in DRC, numerous visits , meetings, framework signed for major project

All points to a conclusion

Few buys coming in , buy price ticked up

Happy days

Reminder 50% of $20m plus $2.5m , upto $12.5m - stage 1

Current mkt cap £2m

Thanks helpful

Main thing is Cameroon is done subject to sign off of course , it’s been a very long time coming !!

Not happy about Namibia , but maybe that was part of the deal to get Cameroon over the line …

It’s now a waiting game , who knows when we’ll actually spud I posted last week I thought April/May , time will tell

Helium is produced from the basement , so the chances of helium at greater depth has to be high

Plus the next well could drill as deep as 6000ft

The geology has over 1.1 billion years for the helium accumulate and release

The mkt cap with the 5.6bn shares to be issued at 0.027 is £15.39m with current sp 0.053

Current valuation

Cameroon

$15m / 42.5 x 100 x 57.5 net x fx 0.8 =

£16.2m

Namibia

$2.5m / 25 x 100 x (80-25=55%net) x Fx 0.8 =

£4.4m

Total £20.6m

Cash $4,375,000 x fx 0.8

£3.5m

Grand total £24.1m

Although some cash will be used for re processing 2d Namibia and no doubt will need it to purchase 3D which I thought if I deal was ever done would include this

The wait is over !

You need to work out our percentage, Cameroon is worth £15m at 57:5%

Namibia not sure why let 25% go so cheaply

Plus the issue of 5.6 billion shares

There’s a lot to read , I’ve read 3 times !

Correct as helium is produced from the basement

Also important to note the company has also confirmed basement reflectors at depth as well as much higher up the well as already confirmed with backs up the quality of the data from their seismic interpretation