Member Info for Glib

I think grsshaw is just highlighting that the Helium One shareprice will not just mirror AOGL's. The fact that the SP here remains above the offer is an indicator that people here rate the new share, which will hopefully be the market's reaction when we relist.

AOGL shares count for around 13% of Helium One's total number of shares. We have our own ideas of what the price could or should be, but we'll just need to wait. No point in guessing.

Still nothing from my broker about voting, so probably too late now. They just put up a message about the merger. I'm just glad they noticed it is happening.

£30M valuation against a potential resource currently worth around £30Bn.
That's a risk to reward ratio I can live with.

Unfortunately there are lots of variables in deciding the opening price. I don't know all of them, although the price rise here will be part of it.

The investors here generally consist of AOGL, SIRC, cash shell and people investing due to the rise. If the general market reacts the same way then we can expect the price to rise. It will boil down to supply and demand to define the price for Helium One. If the market believes there is a demand the price will be higher as has happened here. If the market makers have no opinion the price may start around the offer price.

We do know that helium is in demand and both demand and price are increasing. How that translates to the actual figure on the day I can't say. I have added to my AOGL investment and believe the new company is worth more than the £14.1M valuation due to the prospects. Whether the market thinks the same, I can't say. The drill results will be the defining of the company but I am happy to get in at these levels.

Sorry, I meant that is the price we will be getting for our shares.
236 AOGL shares will be converted to 1 Helium One Global share with a price of 2.84p.
On 3rd/4th Dec AOGL will cease to exist and Helium One Global will be created.

I didn't see the presentation, but found the last one. Https://www.youtube.com/watch?v=X1zJotUh2Oo

Hi Rob. The List or offering price is 2.84p - that's what we are getting (after 236 times consolidation for AOGL shares). The opening price will be up to the market makers to determine. If the market thinks there will be high demand for the share, they will set the opening price higher with a premium. If they don't think there will be any demand, we will probably open at 2.84.

If this hits the open market at 20p then they would have been better buying AOGL rather than waiting. If it opens at 2.84 then they may have been better waiting, depending on what the price does. Unfortunately we don't know what the opening price will be. People investing over 0.012 are basically saying they think there will be demand or are prepared to risk an increased cost for the potential rewards.

I noticed that too, but as the transaction time looks to be the same for the majority, it may be a broker. Possibly rounding for accounts? Just my guess.

That is basically it FT.

The company is at the stage where it is going to drill and prove the resources - one way or another. So there is an element of risk. The potential rewards make the risk acceptable up to a point. Many investors will not look at penny shares and sub-penny stocks like AOGL are not even on their radar. When this converts to Helium One Global however that may change, so we can get in early here. It all depends on what the market thinks of a Helium stock.

I definitely don't understand market forces. Some huge buys going in and the price keeps dropping without anyone selling.

It's voodoo I tells ya.

I believe 75% of the votes cast is required. I don't know of any shareholders that have enough votes to stop it on their own. I doubt there are any alternatives either and we are on a ticking clock as a cash shell.

Still not got anything from my broker yet, but not too worried.

Although 2.84p is the price we get for our shares, we don't know what the opening price will be. I haven't seen any other Helium projects I can invest in that are ready to drill or extract. Part of it will be speculation, but the size of the potential resource is massive.

They still need to prove the resource and have no income. If the resource is there (part of which has been independently tested), that is approx $250 per Mcf (thousand cubic feet). For a resource of potentially 138Bcf (Billion cubic feet).

Most helium is a byproduct of gas and oil extraction. With global warming and the move away from fossil fuels, overall supply will reduce, so this could have price increases still to come. The Tanzania resource gases are hydrocarbon-free and contain as much as 10% helium. By comparison, US natural gas formations from where it is extracted is roughly 0.3%.

Lots to confirm and prove, but with drilling ready in the next half year, there will be lots of people willing to take a risk. I agree that it is a risk. But also in the last 12 months the price of Helium has increased over 125% and the share price of American companies involved with Helium have increased hundreds of %

If you think the market will ignore this, then you should not invest at the current price. We don't know what the opening price will be but I believe there will be demand for a Helium share. Even one that needs to get drilling asap.

Don't forget that it is the shares you hold at close of business on 1st December that get converted. With the EGM on the 25th, I personally wouldn't try to buy or sell any after the 24th.

Just my 2.84p worth. GLA

I would say right now it would be around 3.5p, but as the price moves here, it will impact that. We also don't know if it will list at a premium.

It is classed as a high risk stock as there is currently no income - that looks set to change within the year (hopefully), but until then will keep the SP subdued. That said, the potential is huge here with projections for Helium usage increasing and fewer reserves of it available. Russia will likely become the world leader in production within the next 10 years, but they will need to build up from current production base.

I don't know of any infrastructure or plant the company may have, the transport routes/cost for shipping and how they intend to liquify the gas. I'd still say the listing price would be 20%-40% above where it ends up after 1st Dec. Currently I would put it around 5p if we held at this level. If the resource is proven and extraction begins, think of that well and a match...

Seems to be a bit of confusion around a potential opening price. Below is my understanding.

The 2.84p was not the opening price. It was to calculate the share allocation.
0.012p x 236 = 2.832p So we are already slightly ahead.
Total no. of shares in NewCo = 496,893,111 x 2.84p = Valuation of £14,111,765
Due to the increase in the Valuation of AOGL, the Valuation of the NewCo has increased by the difference, so the opening price will be higher.

I used the number of shares from the last report ( 14,698,327,562) for 62,281,049 shares, still giving just under 450M shares in issue for the float. I didn't bother with the options etc.

I think right now the new company would float at 3.43 given the recent increase here.

Pity I screwed up my funds transfer to my ISA account. Transferred funds, then noticed I had sent it to my ordinary share account. Tried to take it out and redo transfer - nope. Need to wait 3 working days.

Been here since this was Northcote with Randy and that remediation plant in Mexico, so hoping to get close to breakeven - if this increases another 675% that would have been my money back. So glad I scrounged up 2500 and bought at 0.0109 a few months ago. Now only need 290%

I might look at selling some of my quieter shares to try to get a few more here, if there is time. If they are going to be drilling during Q1/Q2, with that 183Bcf resource available and valued at just under £15.5M, there should definitely be some movement here. Not sure how much more for AOGL until the documents are signed, but interesting times ahead.

GLA

The company is in theory "still going".

It appears to have closed its gates to the workers though and has not paid them. Pensions may not have been paid into for months and there is no communication from the company to anyone.

Looks like there was also a fair bit of information kept back from investors. No idea what if anything the Chinese will do with the company.

Https://www.iol.co.za/the-star/news/crg-mine-workers-wait-for-salaries-20400386

Https://roodepoortrecord.co.za/2019/04/08/print-corrupt-mining-company-robs-employees-web-crg-brings-dogs-and-gunmen-to-chase-away-employees/

They will have 30% of their original 85% stake on Dalafin.

I sent an email to them last week regarding the typo on their website for Dalafin and they confirmed my understanding of us retaining 25.5% of Dalafin was correct.

I would guess at 3-6 weeks after the initial hearing for a result.
Hoping it's sooner rather than later though.

I had initially queried the Deloro finances when it was first announced. Other than that I can't say Eddie has steered us wrong. I agree he hasn't delivered on the oil production, but it looks like that is just about there now. Another few weeks and we should know what the new guy thinks of our investments, how we can progress and how it is to be paid for.

News awaited on Forest Hill, PQE production and getting gas sorted on the fields.
We've taken another big hit, but we aren't on our knees yet. I feel your pain though - it's not been fun.

The new facilities should be just about ready, but we have no info on current work or what is in the pipeline. No idea if orders were backed up as we could not produce cells fast enough or if this was a pre-emptive move in the knowledge/Hope of what was to come.

No new info on China but at least that shouldn't be affected by Brexit. Communication with shareholders has never been a priority for this company unfortunately.

The later RNS' and reports refer to % of the Dalafin project/property, hence my confusion. Some posts referred to 51% of the licence.

I stand corrected - ORR will retain 25.5% if IAMGOLD take the 70% interest (giving them 59.5% of Dalafin).
Hopefully the cash will last until things get moving.

Stratex own 85% of Dalafin. Not 100%
If IAMGOLD end up with 70%, that leaves 15% owned by Stratex.

I will be glad to be proven wrong on the Dalafin JV if it is to generate short-term funds. I am down almost 70% here and have been invested since we were starting to develop Altintepe. Not just a few months.

I had read through the presentation but hadn't listened to the conference call - I have now.. It has been a couple of months since I have really looked at any of the projects - have just been reading the RNS'. There was a little mentioned about the satellite sites at the end of the call, but I am not aware of Dalafin being mentioned (other than on the map).

It appears they are focusing on their Cote project before moving on the Boto and it will then take about 2 years to build the mine. Either way, the amount invested in Dalafin could be in the Millions, but none of that will be going to Oriole for a number of years. They may do the research and decide they want to buy us out (and possibly also Energy & Mining Corporation S.A. who hold the other 15%), but I cannot see that happening in the short-term.