RE: Lorna Blaisse at Helium forum 28-30th October10 Oct 2024 08:34
@Mcnol the finacing of the project will not be as clear as you suggest in ML application. It will include a few optiins such as bank financing, JV, farmout and dilution. All very standard for a ML application. Because the results of EWT were poor and it's probably not commercially viable in Rukwa the only reality is dilution. Not that Im suggesting that HE1 will try and raise the β¬100 million they'd need as that would be impossible. Most likely outcone is ML passed and just anothet billion shares at about the 0.6p mark to rasie a few mlllion to keep company ticking over. The finance director shouldn't be critised as he's done his job superbly. βοΈππ¬