Member Info for Glib

I reckon we've encountered a delay of 3 or 4 days. MM's taking advantage of stop losses again. Total knee jerk reaction. Closing price today I reckon at 22.5p.

Sidetracking video : https://www.youtube.com/watch?v=0MNjzQ1rESg

There is not much detail in the RNS. Current depth or what reading they got from the new show. Delay time also unknown, so we have no idea of when potential completion will be unless an interview provides further detail.

There was a picture tweeted on 2nd July showing pipes with dirt, so if that is when drilling resumed, my new target date would be the 14th (assuming drilling stopped on the 29th). It would then take a few days for testing and analysing the data, so another case of will it be Friday or next week.

DD13 - please don't take what ITV says to heart.

HE1 have already done a placing (at 10p) to get funds for the appraisal stage. So if you are thinking of investing in Helium Ventures for that, please take a look at a few of the earlier RNS' here. There are also a few presentations and interviews on youtube that may be worth watching also.

I think any investment will come after the announcement of a discovery (and appraisal of the size of any reservoir). It will take about 18 months or more to get to production stage but if we do find a commercial resource, I'm not sure they would be looking for monetary assistance. The SP by then would hopefully make it more appealing to go to the shareholders and for the $50m plant, just take a loan which could be paid back within a year. Not much else other than running costs and legal fees that will be required in that time.

If they start giving away equity or doing farmouts, I'm going to be pizzed.

If they have found a resource that is commercial, they will be able to get a loan for the $50m plant required.
If they have not found a resource, they have another 2 or 3 holes to drill to see if there is a resource in the area. 2% Helium at 70m means the gas is rising from something underneath. There may be an underground system which allows the gas to move, bit is not being collected or stored in the area. That's what we're drilling to find out.

If they do not find a resource at Tai, there is no need to use the money raised in the placing for appraisal. This can be used to fund the further research and drilling at one of the other sites.

I can't see any need for raising money anytime soon and would hope they would go to their shareholders in the first instance as there will not be a rush - unlike last time. They had to secure the funds to allow for payment of the appraisal drilling to ensure the larger machine could be utilised.

I was expecting an RNS at 400m as this was in the previous RNS. As we a are continuing with the drilling instead of doing the wireline logging, I thought that this should also be RNS'd as it is a change of strategy although probably not having a financial impact. I think the TD will now have been reached but until the tests are complete and the results analysed, we won't hear anything. I am hoping for news tomorrow, but if not, in the next few days.

If there is no news, I believe the SP will either continue to fall on the same trajectory line or move sideways along the April baseline. https://invst.ly/ve9gd The chances of it going up are slim, but there may be some looking for a last minute deal - don't think it will be enough to make a substantial impact though.

Looks like the SP has settled at the trendline from April 12th. https://invst.ly/vdsg2

What happens on Monday regarding an RNS may decide whether the SP stays around this level, rises or falls. https://invst.ly/vdsi4
Right now it looks like the market is unsure whether to continue down or at this level.

So from about 14:00, the SP has tried to fight its way back up. https://invst.ly/vde0z

It bounced off the trend line, but will it :
a) keep climbing tomorrow to get back to 25p-25.5p where it finished last week?
b) climb back to the highs around 27p?
c) stay at the trend line or below?

I think it will drift around where it closes, so A for me.

For a second there I wondered why you posted a closeup of an aero.

I thought we would have reached this point earlier, but wasn't expecting that initial rise on Monday. Head and shoulders formation almost complete - may do so tomorrow as per your chart. It has followed a fairly set trend since it started coming down but didn't think we would see the lower section of this channel. https://invst.ly/vdbun

Fair enough. If he starts hanging around beneath bridges looking to be fed, I won't argue about you giving him both barrels. Also a few shots from your backup piece in my direction would not be grudged.

Not having a go at you Phantom, but this board is a breathe of fresh air compared to some other toxic ones. Just don't want to see it going that way.

When the last RNS came out, the SP dropped - initially around 1p. Only for a day, but it baffled the hell out of me. I don't see any negatives in the post and not going to try "reading between the lines". They are just stating that there won't be anything reported until there is something to report.

Woah, when did this become a cat club?

Just because a new poster offers their opinion of an event does not make it open season on them. There was no "advising" in that post. Just opinion. Can we tone it down a bit? They made a simple mistake transposing hydrogen with helium - not the end of the world and they have not written anything that other posters have not already alluded to.

I think I saw a chart somewhere about coincidences... give me a sec ;-)
lol

If Helium is moving through the system, then it must be coming from lower down. At 70.5m there would not be much pressure to push the Helium through the rock, so it must be rising. That doesn't mean there is a large quantity of it, but it is encouraging to see it at that depth.

I agree that this is nowhere near a guarantee. There is Helium. We have known that from the seeps. We don't know how much Helium there is or the concentration. The silence had me concerned at first, but if they have better shows and report that - they may still end up not having a reservoir so more show data wouldn't really achieve anything.

I think this may be de-risked to a binary hit/miss level now. I'm optimistic, but aware of the risks. I don't know if other countries do company interviews the same way we have here. He was CEO of ScandiVanadium for 2 years, so he knows what the job entails. Whether the interviews are a good idea or not, I'm just happy to be in a share that actually provides update to shareholders outwith the financial reports.

The only thing I found that may be of use in this regard comes from 2013.
Kibo mining were about 800km North of Rukwa (around lake Victoria).
Their target was to average 40mpd but achieved 70mpd. I don't know if this was drilling time only or for the full duration of the drilling period. I also don't know what drill/rpm they had access to, but it wasn't a million miles away from my 60m guestimate.

The only reason I would possibly invest was if they were able to buy into a company I couldn't get exposure to - even then, it would need to be ISA friendly.

For anyone new to gas units, blame the Romans:
1 Mcf = 1 thousand cubic feet
1 MMcf = 1 million cubic feet
1 Bcf = 1 billion cubic feet
1Tcf = 1 trillion cubic feet (although our top estimate is we have only half of one of these)

So is this DM collecting footage for his November (or whenever it is) presentation? Will he go round each piece of equipment and tell us the process? That opening title seems to suggest this is not a one-off piece.

As we are so near to the RNS being released, the unknowns play a much larger role, so my apologies if I start going off on tangents. Starting with the basics - we are trading in an upward channel (some of you may have noticed). The full range of that channel is currently 19.9p-28.7p. I expect us to move in the top half of that channel. https://invst.ly/vc75b

Now, what could the SP do in the short term? At the start of last week, we thought we would getting news on the wireline logging. The SP then tried to make us seasick - going up and down and up and down and up and down and side to side... and that was when news was due. We are in a slightly different situation now as the news is different, but we still don't know when the news will land. That could be important.

My take is that this will be traded until news released, so on mornings without news I think it will go down, with people topping up and buying back in during the afternoon. So we'll potentially see more peaks and troughs although maybe with higher highs and higher lows - the overall trajectory will still be upwards.

When is the biggest question and that will depend on the average rate of drilling. For a while I have said around 60mpd would be good going. I may be more, it may be less, but that's my estimate.

19th - we were at 55m and had the show at 70.5m. Say we were doing 60mpd, would take us to 115m
23rd - DM travelled to the site. At 60mpd, possibly finished at 355m
24th - We hit 400m but don't do the wireline logging. We case the hole to that depth and pour cement.
25th-26th - Allow cement to dry
27th June - 9th July we hit 460m, 520m, 580m, 640m, 700m, 760m, 820m, 880m, 940m, 1000m, 1060m, 1120m, 1180m
10th July we hit 1200m - which I think SlowRoll advised was actually Helium Day. This is a Saturday
11th - Spend the weekend cleaning the hole, wireline testing and doing the Drill Stem Test with the packer to try to get a flow sample?
News on the 12th, or is that too soon?

At 70mpd we would reach 1200m on the 7th. We'd still need to do the tests, so possibly still not getting results until Monday 12th or so.

If this week is another week of trading then the fluctuations will be back. Looking at the chart, dropping back to mid 24's to complete the head and shoulder formation is quite possible; but only for a day or two. I would hope Wednesday closed at 29.5p-31p but with the potential daily fluctuations, the range could be greater. https://invst.ly/vc777

Please DYOR. This is only my opinion. I am NOT rich, handsome, charismatic...

After it gapped up today at 08:10 I could not find any pattern or trend that was being followed. This is moving on sentiment alone, which is a bit unusual. The SP is now what it was a week ago, which kind of makes sense as we were waiting on news being released a week ago; but other than that - I got nothing. https://invst.ly/vb-3h

Not sure how many days of drilling are left but I think we can expect some large price movements in the days to come.
Exciting stuff.

A Saturday (10th) - so a Monday RNS? that would be fitting!

When I heard about the Wireline being cancelled, I thought it may be more to do with DM being a Geologist. Once he got on site, Randy took him aside and had a quiet word with him - explaining that it would add days of delay to completion of the well and if they wanted to run wireline at that depth after completion, it would just be a case of breaking the casing, then taking readings. At least I'm assuming it was more to do with the drilling practicalities.