Member Info for Hepseal

Obviously over subscribed - any educated guesses by how much??

Rylidan- I am with HL and was notified yesterday "time was running out" and made my application last night - all very simple. The difference being that my existing shares are held with HL.

Ppanchol.

"The net proceeds of the Placing will be deployed to further the development of Forza (Gibraltar) Limited (“Forza!”), the Company’s wholly-owned vehicle dedicated to Bitcoin-based treasury activities, to fund further investments and general working capital."

Note - "to fund further investments"

Nelson - Fantastic that they have now set the wheels in motion re BTC purchases but in addition to Forza I am also thinking that the imminent "Yellow" launch could also demonstrate to the market that COIN are not just a one trick pony.

Hit the dip and going back up

Future wells will be funded 50/50 - I suspect Helium One may have a bit of money left over to fund their 50% but do Blue Star have enough in the kitty at the moment??

Yep, I had "not available to trade" first two times, third time lucky.

111,111,110 shares went to 2 directors:

Matthew Lodge has bought £200k of shares (88,888,888 shares)

Nicholas Lyth has bought £50k of shares (22,222,222 shares)

Seems like a good reason to buy.

The last one was also around 50% lower than last weeks high of 54p so perhaps another raise around 27p?

Interesting observation Ir77

Blubay - I agree with your last summary 100%

The six wells to date are averaging approx 1.75%

If State 9 came in at 3% that would push the average up to approx 1.95%

However, the State 16 helium content increased over the first six months so I would think 2% + is a realistic expectation.

Thanks Blubay - that makes sense - I can't understand why this has not been announced by RNS?

Bluebay - The status may very well have changed from"recommended" to "approved" on the portal but the word "approval" was actually used in the RNS dated 3rd March:

"The offer of the ML follows approval by the Ministry of Minerals ("MoM") who have given the MC permission to grant a larger than standard ML that will enable the southern Rukwa Helium Project to be developed to its full potential"

But, as you say, the important point appears to be the creation of "Songwe Helium Limited"

Approved but the Cadastre mining portal now has the words ‘Songwe Helium Limited” next to the licence offer.

Thanks Gogs - I have just elevated you to No 1 poster on this board.

Blubay - Thanks for posting

State 9 spud:

Pad construction currently underway and Blue Star anticipate spudding well next week - so how about half a tick?

Gogsthelogs - Thanks

Gogsthelogs - can I ask, where have you read that "Pipe works are underway"??

Possibly Jackson 02 Gas Analysis and/or State 9 spud??