Member Info for foulkeg

Took my chance to sell at a very minor loss this morning, the risk profile re fund raising / dilution is just to great. It's almost nailed on, but of course nothing 100%.

For me though, I'll come back later at hopefully a lower price.. I do believe in the company and the resource, just not the financials atm.

Good luck all.

Https://www.bbc.co.uk/news/business-68758088

Not great this morning, those for ever wishing for RNS's should learn some patience. This has done more harm than good.

However, on the upside I think there is a chance HE1 won't be around by Q3 at these prices, who knows who is. lurking.

The third parties know enough to progress production planning, so certain parties know enough to feel comfortable with that. Its generating huge interest and media attention. If someone wants a quick way in, they wouldn't have to pay too much at todays prices.

Who knows...

Another week has past and we are another week closer to the next news release.

This wait time is forever compressing now, just relax and let it come.

I'm happy we're still above 2p, the longer this goes on the more likely the squeeze will be harder upon news.

I'd certainly rather be in and patient now, than doing the okey-kokey trying to scrape the odd 5% here/there and miss 'the big one' should it land.

Still some time to go I think, but a week less than there was last Friday thats for sure ;-).

Do we have any detail on what the next steps/phase are being taken here, seems like there are lots of options but nothing confirmed from the info I can see;

*5th Feb RNS: Itumbula West-1 well flows helium(4.7%) to surface

…We look forward to providing further updates as we fully evaluate the results and outline how we are planning the next steps to advance the project.

*7th Feb RNS: Company raises £4.7m via a company led placing

The company led placing provides the Company with sufficient working capital to progress its planning for the next stage of the work programme in Tanzania…

This placing enables the Company to determine the next stage of its work programme following the success of the Tai-3 and Itumbula West-1 exploration wells…

By moving quickly and finalising this company led placing early on, we have been able to strengthen our working capital position, which will enable us to fully focus on the next phase of the Company's growth."

Some possibilities/thoughts, are we;

Drilling Tai-3 again? I think not at this time.

Drilling another location? I think not at this time.

Further testing of Itumbula West-1? Only awaiting independent lab tests, not too costly. Further flow tests needed?

Putting together a development / production plan? How far does 4.7m go towards this?

None of the above, something else?

Waiting/hoping someone comes along and JV's with us?

Waiting/hoping someone comes along and takes us out?

I'm totally happy being here don't get me wrong - I'm well in and get the potential.

I'd just like to understand more where the cash is going so we've got some idea of how the company is progressing and what to expect next. Without, rumours are rife and the SP is constantly going to be threatened by them.

Wednesday 07 February 2024 11:33

​https://www.ig.com/uk/news-and-trade-ideas/_is-the-helium-one-over-600--share-price-surge-sustainable--240207

"For renewed upside to be on the cards, a rise above last week’s high at 2.40 pence would need to be seen. In this scenario Monday’s high at 3.70 pence would be back in focus and probably the minor psychological 5.00 pence mark as well."

Seriously, what a tit you are.

For the last hour or so, no live price trade to buy, but always one to sell. Which I'm not!

Https://www.cruxinvestor.com/posts/pulsar-helium-poised-to-help-alleviate-global-helium-shortages

"The global helium market has been facing critical shortages over the past decade. Historically the US Federal Helium Reserve supplied over 40% of global demand, but reserves are now depleted to the point that the reserve will cease operations in early 2024. Other major suppliers like Qatar and Russia have faced export barriers, while global demand from industries like semiconductors, biotech, and aerospace continues to rise steadily. This supply/demand imbalance has caused helium prices to skyrocket, with current prices ranging between $500 mcf to $1200 mcf. Companies that can establish new sources of helium supply stand to benefit tremendously in this market environment."

Back to 2.2-2.4 - and still can't buy.

All these folks saying its dropping, its just not is it?

It just looks like some throttling being done to make things more orderly. Tomorrow may well see a similar increase in the opening price.

It'll go up in its own time, nothing to worry about now and only positive updates to flow through.

It's dipped to 2.2-2.4 a number of times now, haven't been able to buy on any of them.

That sounds a lot more targeted the your first post came across, but I doubt they will even look at the possibility seriously.

Cheers.

Talking on bbc about grounding a350?

Had bbc news channel on in the background all morning. Not heard any mention of this. Indeed, not heard engine/RR mentioned once. Why would they, clear collision when landing. It’s being show on the TV regularly, not even up for discussion.

This also got a mention on the local BBC news today;

https://www.rolls-royce-smr.com/press/rolls-royce-smr-signs-agreement-to-support-ukraine-re-build

You really can't help some people. lol.

Somm, seriously - you've actually done 2860m/26 days and 'Wha-la' that's how far we need to drill, 110m everyday to be on schedule. Honestly?

I don't profess to know the drilling ins/outs - but there is a lot more to it than that. That's just nonsense from any way I look at it.
Nobody here benefits from knowing anything over and above anyone else in relation to progress made or the next RNS content. Accept its just idle guesswork and wist for the RNS.

On the 19th; 'Drilling operations continue to run smoothly and safely, with progress to date right on schedule".
So they were exactly where they were expecting to be, not ahead, not behind... right on schedule.

Sums up the official line Orchy, worth a repost if you don't mind given this afternoons flappers;

Ochy's post;
From the spud date, the Jade well is anticipated to take approximately 26 days to drill to Total Depth on a trouble free basis. There are no overly challenging drilling zones anticipated with the Jade well design and program. If the Jade well intercepts a hydrocarbon zone, as anticipated, then testing is planned to take approximately a further 2 weeks.

26 days takes us to 05/05/2022

update on 19/04/2022

'Drilling operations continue to run smoothly and safely, with progress to date right on schedule".

I think this week maybe too early for TD, but expecting an RNS Monday morning to say TD reached - with a smile or a frown attached to it... risk/reward stakes favour taking a slice of these, if you're in the game and looking in then why wouldn't you - even if only to dip a toe in?