Member Info for EIE01

On what basis can the company state is it a world class discovery.

Espen giving out investment advice, this coming from someone who believed Hargreaves Lansdown was an institutional investor!!!!

What you invested in Espen, how about share with those on here?

Louise keeps posting “don’t listen to me” yet posts repetitively.

Broomtree - I totally agree with you and do not believe the 4,000,000,000 is related solely to the 10m raise.

If it were, then the BOD are potentially believing the conversion price for equity could potentially be 0.0028

The investors have the following options:

To convert advances to equity at a time of their choice (most likely)

To not convert and remain as cash advance (very unlikely)

To convert part of the advance to equity at a time of the choice

In regards to the potential equity held, the great unknown is when will they sell, is this viewed as a potential long term investment, or alternatively a quick 10% to 20%

The other unknown is how the share price will perform, so any potential conversion price is also unknown.

“could be very wrong but the MCap will not suffer - currently 52.08M.

If this news is true, and essentially we have two thirds of current shares increase by the same amount then that gives us a 0.84p sp back to one”

Complete nonsense to suggest they are issuing at today’s price.

Like many companies the BOD have the option to issue shares, it doesn’t meant they will.

I would suggest that this option would be connected to a potential transaction in the future, and gives the BOD options. Doesn’t mean the transaction will take place.

Nettles - “Basic maths suggest 0.28p as a buy in”

Can you provide your workings for this.

Won’t come close, really.

3,000,000,000 shares issued at 2.5p would raise £75m

I should had wrote would indicate a potential transaction in addition to the £10m fund raise.

Having the authority to issue up to 4,000,000,000 shares would indicate an additional transaction unconnected to the £10m facility provided.

In the regards to retail being in dark as to issue price, so are institutional investors, as conversion price will be based on VWAP for the 10 days proceeding conversion.

Brokered - HE1 can elect to repay the advance 12 months after drawdown either in cash or shares. It’s in the RNS.

Punter - Well done for raising the question, hopefully clarity forthcoming.

Blubay - I agree the Colorado raise requires more explanation.

Previously it was stated $500k per drill i believe, 9 more drills to fund, on paper it appears as though HE1 are funding all the drilling costs.

Blubay - Your 12% interest comment.

"If an event of default occurs, the Advance will be immediately repayable on demand and default interest at a rate of 12% per annum will accrue on the outstanding amount of the Advance"

12% is payable in default

Retail offer accounts for 2% of the mkt cap.

I really don’t see that having much impact on the sp.

MCNol - What do you mean “A respected source for the market has called Helium one”

It’s simply a repeat of the RNS, no opinion or thoughts

Wilco - Just for context valuation based on Resources and adjusted for 80% ownership would be £76bn

Again excludes WK

Wilco - The calculation excludes anything for WK, which can add significantly to the value.

Also the valuation is purely for Reserves and no value for Resources.

Ibiza - The £15bn would need to be adjusted to reflect EUA ownership of 80%.

So 10% of reserves would equate to £1.2bn and again EXCLUDES WK.

Highlights the potential for significant uplift in share price.

Chelsea - Definitely on the light side as excludes WK and other recent discoveries, but does include NYUD.

The calculation just indicates the value of assets EUA holds, excluding WK.