Member Info for FrankyS1971

I don't trade I invest to avoid the 90+% of fools who lose money like you FBP.

Fantasy Island more likely than Dubai.

Sharebel - this is mis-information. It was the last CERTAIN financing option not the last funding option. They are different things. There is now Material Uncertainty and there s that word again. it doesn't mean GDR will cease trading indeed I believe there is something of value to someone, but it isn't with the shareholders. I think SH's have shafted themselves on the one hand but then brought the situation to a head which was needed. Mgt went to the well once too often and are very arrogant indeed. Had they built up transparency and trust they may have squeezed a different outcome here, but they chose to provide no insights and did little to genuinely foster a good relationship with beleagured investors when they should have gone the extra mile. The situation is out of anyones control and someone PE firm with Eton Boys will mop up.

I grabbed another 5K at 4.4. averaged up to 2.75 from an initial base of 1.4. the gift that keeps on giving.

Its going private. Clearly as day light for at least a year and now staring you in face. It will go into admin and be ' rescued ' with sweeteners for the management though i hope SHS say no and carry on rebelling against any met reccomendation to accept an offer at silly prices. If you don t get 3-4p then tell em to fk off.

But I would say that the SHS had enough and you can t perpetually dilute and not deliver. This saves exactly the same thing happening in a few months time. Inevitably PE get a cut price deal which will be a fraction of sp once the firm goes into admin

B_Positive - please feel free to educate me. HE1 has an MCAP of circa 35-40M. Expected Revenues from Galactica circa 2M. Unproven asset in Tanzania. Why is this going to 1p exactly? It seems to me priced up to the hilt.

Surprised the small dip hasn't had FBP or Bodger65 all over it. Must be back in Panama.

Fair do's irish.

You're very quiet on the CMRS board Roger. Did you get your 3p?? No??..ah well. # zero credibility with anything you have to say.

Not that I'll be selling anytime soon but HL are jokers - a 20% spread currently:-:::). Maybe its time to average up again. Been loading up through the 3s and I can't see this staying below 8p even on a "sell the news" day.

The decision window to exercise the 90% acquisition runs to ~13 Nov 2025

With a 60% interest, what is an MCAP likely to look like initially. I think around 20M initially though may not see that fully on day 1. I can see this being anywhere between 8 and 10p when news lands but this is a finger in the air job.

I think the drilling will go on for a while given the strike length and new permits. The initial results will be a good indicator of whether this is moderately good or wholesale transformative. An Mcap of 8M means we re heading north either way IMO

What's the point of chucking good money after bad

Do you mean the recent posts with regular updates about the extra permits or about the 50 drill pads that are fully funded or the videos showing mineralised cores JY? Ah right ....yeah we're all so very very disappointed. PS please say hi to Kermit and Fuzzy bear when you see them next.

Sirmark you're a joker. Only half way to finding any kind of floor.

.18 incoming over next days and weeks

Where my doubts come in with HE1 stem from Lorna Blaise as I've previously questioned:

Technical vs commercial gap - Lorna is a career exploration geologist, not someone with a finance or corporate strategy track record. Helium One is at a stage where capital markets credibility and deal-making are just as important as geology. She may know the rocks, but that doesn’t automatically make her a strong steward of shareholder value. Not least given her time at Delonex which was spent chasing over Africa and contributing to 600M of capital destruction with no commercial business at the end of it. Delonex had huge financial firepower ($600m) yet they never got a commercial project running. think about that for a second.!! Being part of that team exposes her to failure on a grand scale — an apprenticeship in how to burn capital rather than create value. While that’s a learning experience, I for one am hugely sceptical that the same playbook (explore big, spend big) is repeating itself at HE1.

Under her watch, Helium One has continued the pattern of dilutive raises to keep the lights on. Its a dilute to survive mentality. Markets have rightly punished this cycle and it tells me that Lorna only knows the classic AIM junior “raise, drill, disappoint, dilute” loop.

Investors want commercial discipline (farm-outs, joint ventures, staged commitments), not just optimism about geology. Look at other juniors say CMRS - 60% JV and fully funded through drilling and development. Why - well that CEO is experienced AS a CEO and has a successful track record of raising capital with the right contacts across the London Market. There are other established CEO's of juniors who have the right capital connections.

Lorna is described as technically credible, but communication with markets has been patchy at best. A CEO who can front-load candour about risks, timelines, and dilution is critical in small caps and Lorna isn't one of them. i think you are being strung along and sentiment has eroded fast.

My view is that she is another geologist-turned-CEO who inspires initial optimism but lacks the financial toolkit to steer HE1 out of this dilution spiral. GL and DYOR.

Fair enough Gloria - I actually thought the burn rate had gone up and not down! Should extend things out but not enough to be self-sufficient. If sales can pick up in the UK and slow the burn down the SP might climb and the next dilution less scathing! It doesn't change my view on the management team and the strategy. That won't change.

Sorry FB - its only money and everyone has had their fingers burnt so you're not alon. I lost 60% on GDR and sold out over 3 years ago! There will be other better investments that do work out so chin up!