Member Info for HereforHemo

Cat you may be right but all I was really trying to say is there's a difference between debating a point and arguing a point, but yes those narcissistic in nature will always want the last word.

Personally I now have so many filtered the board is rather pointless to be on, like most on LSE, so as I've said all I want to say ill leave everyone to it.

I agree on that point, he's now a green box. Enjoy your day.

Cat you know, I know, everyone knows people post based on their own investment or trading position. This is not a team sport.

The one thing that is absolutely pointless is arguing with any individual. If you're positive towards your investment just articulate why. It's far more effective.

Bluebay that's the key point you missed previously 'over the project lifetime' and agree that's probably accurate. But. If you state that you then have to balance it against how many billions of dollars revenue will be generated against the expenditure. It's then relative as well as relevant.

Blubay that's not necessarily correct. Renergen started their modular plant at $2.7m which could process $9m worth of helium pa. Bearing mind they will sell helium at source and development wells fund themselves after the first handful it's likely to be a fraction of the figure you state.

Cat another excellent post. Discussions ongoing since last April in fact, so financing will happen pretty instantaneously after approval.

Either people too think to understand what 'Project' financing is, or perhaps just being bloody minded to disrupt the board. Either way they are a total irrelevance.

Castle, your questions cover both projects.

First up and first news highly likely to be regulatory approval for the BlueStar farm in next week followed by confirmation between the two companies later this month. Once completed there will be six development/production wells drilled this quarter, five from Galactica and one from Pegasus. Production is likely to start Q2 next year.

A JV and or offtake partnership is likely to be announced either upon confirmation of the Rukwa mining licence or shortly after, as will details of the production plant. All are anticipated this quarter with production anticipated in Tanzania approximately twelve months after the licence is awarded.

Pub by law no it is not approved yet. By law the NEMC have 60 days to review and approve it before passing it onto a Minister, who has a further 30 days to grant final approval, hence why Lorna is looking at up to 3 months for the Mining Licence yo be awarded, as they can't issue a licence without ESIA approval.

But, if the Presidents wishes are acted upon, the whole process will be fast tracked and the above will not apply.

Pj imagine announcing the Mining Licence for Tanzania with Rukwa volumes and concentration levels AND the completion of the BlueStar farm in for the Galactica-Pegasus project.

Aa i said Toffers, HE1 are years ahead

https://theenergyrepublic.com/helium-gas-become-key-component-driving-industrialization-tanzania/

Toffers that last message was for your attention. HE1 were doing what Noble are doing years ago, and students have already graduated from Oxford.

Https://oilreviewafrica.com/events/event-news/helium-gas-emerges-a-major-component-for-tanzania-s-industrialisation

Nothing for traders to get their teeth into and a gradual tick up leaving those on the sidelines watching nervously.

5 trading days before we hit a rich period of news, assuming the ML doesn't get fast tracked.

Bluestar approval, confirmation of deal, 6 production wells, ESIA approval, ML approval, Rukwa resource estimates and production schedule, JV with Tanzanian Government and maybe a major, and offtake agreement.

All in this quarter. Tick tock.

Don't think he ever held, lost all his money in Prem after ramping it to death.

Pub thanks for the report.

Of particular interest is Tanzania's relationship with India, bearing in mind India is forecast to have the greatest worldwide growth in Helium.

They are 'Strategic Partners' and 98% of exports from Tanzania to India are tariff free in multi billion dollar bilateral trade.

India are also one of the top five investing countries in strategic projects, with clean drinking water a priority (know anyone anyone who's got a large water supply?).

I've always thought HE1's helium was between two of Tanzania's other major partners, the USA and China, but could the actual destination be on their doorstep in India?

Interesting times.

https://idsa.in/idsacomments/Tanzania-Partner-for-India-in-the-Western-Indian-Ocean-Region-131023

Kat i still find it interesting that Dr Mshiu was talking about Tanzania becoming the world leader in helium production as far back as February. Probably no coincidence that Helium One started discussions with a Facilities Management company on a Production plant barley a month later. All looking very promising.

https://africanminingmarket.com/tanzanias-major-breakthrough-in-helium/17811/

CP definitely Noble helium, on just before Lorna.

No problem CP. Another good clue as to how long it's been in her diary is on her profile. It states she has led Helium One through Phase 2 of Rukwa with a 'highly significant' flow rate of 4.7%. Absolutely no mention of the EWT.

What I will find interesting is Lorna following Noble in presenting. All interviews I've seen from them they're quite bullish on stating their reservoir and resource estimates. If they do so again, will Lorna stay quiet on ours..or will she trump them with statistics from the Feasibility Study??

CP Lornas participation was in the diary far in advance of the hearing postponement which was announced in the 19th September.

Cyrox thanks, much appreciated.