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Does make you wonder if they tested tai in the same way if we would have got better results, as it says below when it releases from the liquid it increases in concentration. Our 1% there may turn out to be higher.
To have he at this % and hydrogen that are both green is amazing, think a lot of people have just seen the hydrogen as a bonus but it is a big deal on its own.
Great day today, well done everyone.
No point selling now the hard work is done, flowing to surface at 4.7% - couldn’t really ask for more. We have another drill pad ready not far from there as well.
Funding now will most likely come from a JV or as below off takers.
The Tanzania government only take a small % - bit rusty but I think it’s around 13%, other than that they don’t have anything to do with the price we sell it at.
The thing is the higher this goes the less of a concern a raise is, we know we have hit helium and hydrogen, we are waiting for % and the amount.
If we end up at 10p on good results the raise isn’t going to add much shares compared to valve it adds to the company, in a way it’s the opposite effect from last time - higher the sp mean less shares to sell to fund a raise.
The thing here though is we were priced for failure, we have a huge gap between where we are now and where we should be even before results. I would be happy with 2p before results and then pushing on from there with good results.
It may seem a lot but realistically that would be the same as us being at 6p before.
I know a company that have spent a ridiculous amount of money on becoming green hydrogen producer, if the hydrogen we have is classed as green and can be just pumped out of the ground, well that could be massive on its own.
Don’t think we could ask for more from the rns today, hopefully it follows through to samples etc..
If they pull this off I would hope 6p-10p is achievable, people will start with the raise crap again but JV could well be the out come here if results are good, looks like the drill has performed well this time.
I hope that’s the case anyway for the LTH’s