Member Info for HereforHemo

MCnol I'm not sure why you wouldn't think the Tanzanian Government wouldn't let $4bn (less taxes) out of the country over maybe a decade of production. Maybe you're unaware they currently have exports of over $10bn pa already, $3.5bn pa in gold alone.

People painting Tanzanian as some backwater primitive country couldn't be further from the truth.

It's quite obvious to the less gullible that certain posters turn negative when they're out from their trade, and surprisingly turn positive if the SP drops allowing them back in. Most of these individuals can turn negative whilst still retaining a large holding, allegedly.

They are games I've seen many times over the years, but as I invest devoid of any emotion I have no fear, so water off a ducks back to me. I just find the trivial conversations tedious.

Anyway I've said my piece. I remain very bullish and I'm quite happy to leave it there and wait for the EWT results, the Feasibility Study, the Mining Licence, the offtake agreements and the joint venture.

Every step will add value to the patient. GLA.

Interesting that they state straightaway that they'll inform the market as soon as a gas processing and offtake agreement is in place

I'm sure HE1 will be doing the same. https://royalheliumltd.com/2021/05/royal-helium-announces-large-helium-discovery-at-climax-2-and-3-and-to-begin-production-planning-for-climax-1/

Having followed oil and gas for so long I've just done a quick calculation on what just the Rukwa license could be worth, without even including the hydrogen. Based on an average current price with a concentration level of 6% I'm up around no less than FOUR BILLION DOLLARS. When someone posted 'this is how millionaires are made' I laughed...but now I'm thinking he could be right lol.

Long term hold for me.

First interval next week, second interval the week after. Exciting times ahead.

https://www.proactiveinvestors.co.uk/companies/news/1053506/helium-one-shares-surged-on-latest-well-update-here-s-what-happened-and-why-it-matters-1053506.html

He posted a placing was coming after the 2th January so am I not correct that no placing was done at that level after that date? Your other point was correct, I wasn't here earlier this year.

Joe, excellent post. Personally I've always been certain it's going into production (ref my post on the 2nd.

Now I'm pretty sure it's revenue is going to be in the billions of dollars.

ONE TO HOLD ONTO!!

Comments2 Aug 2024 18:13

Although everyone has an opinion it's always best to base them on FACTS, like from an RNS. Examples of these would be:

The DST results from Itumbula West well have demonstrated that the well HAS flowed the equivalent of 0.5 mmscfd of 4.7% Helium without any artificial lift.

These flow rates in a pure helium play, without the presence of hydrocarbons and carbon dioxide indicate the uniqueness of this helium project.

The EWT will confirm flow rates and the fluid composition. The company will then be in a position to advance discussions with off-takers and industry partners.

Recent positive engagement with the Mining Commission of Tanzania has enabled the company to align on forward appraisal and development plans, including associated licence requirements.

It's all there if people take the time to read it. There WILL be a commercial production plant in Tanzania. The only question that remains in my opinion is just how big it will be.

With Helium One budgeting $50m for the plant it suggests it will be very big indeed.

Moorscloud you're talking about one individual who's last post on HE1 was 27th January stating the placing would be at 0.25 (it's wasn't) that HE1 will never reach 2.0p (it will( and that HE1 is a dead duck (which it most certainly isn't).

Idiots like this are best ignored.

Confluence there are lots of people who have taken good profit today, the churn is a good thing ahead of the EWT results.

Don't worry about the transportation, HE1 will offload that responsibility to the customer.

Moorscloud they certainly won't do it on their own, it'll either be a JV but as others have said they might be bought out before the plant is built.

Perky I'm pretty sure you'll find Tanzania has one of the best jurisdictions for mining. They have billions of dollars of income from the export of precious metals and I believe are equally excited as us to add helium to the mix.

Helium One will combine all previous work with the EWT to submit a Feasibility Study to the government, September is my guess and I'm fully expecting the Mining Licence to be granted in weeks, probably three.

All parties want this into production as soon as possible next year.

"It has been very encouraging"

https://ukinvestormagazine.co.uk/helium-one-global-shares-jump-on-exploration-progress/

Moorscloud after successful EWT they will seal the well, submit the Feasibility Study to the government and be granted a mining licence. In parallel they'll advance discussions on a production plant whilst progressing offtake and JV potential partners. Also, probably start additional drilling either here or other tenaments.

Exciting times.

I've always thought this will be one of the biggest, if not the biggest helium discoveries in the world, with some of the highest concentration levels ever taken to production.

Whilst today's RNS was a huge step in reinforcing that belief the next three weeks will undoubtedly confirm it, in my opinion.

Good luck to those who have sold or derisked at a profit and continued good luck for those who need it to rise a bit yet to recoverfrom past dilution.

I'm upping my prediction on a successful EWT from 6-7p to 9-10p.

Well I did say people will be pleasantly surprised lol. My guess is there's at least a billion dollars worth of helium down there. GLA.

Moorscloud, at last someone talking some sense today and putting things into context.

Tomorrow will be one week since HE1 informed us the whole EWT operation will take five weeks, and we know a week of that is for clean up operations. With two intervals both be tested for one week for flow rates. it's not rocket science to realise they have this week to complete preparations.

Geolog will be undertaking mudlogging and testing whilst drilling to monitor helium gas flows, with a portable mass spectrometer and a field pressure, volume and temperature specialist on site to measure and validate helium gas shows and downhole samples.

To summarise, there is no delay, everything remains on track and it's highly probable we'll hear about hitting TD this week AND get some initial readings.

That makes more sense. Thx

£486k sold

£688k bought

And yet...

Dobbyy just my personal thoughts.

The key thing to remember here is that in 2015 Helium One became the world's first dedicated helium exploration company with Thomas Abraham-James a co-founder, a genius geologist. As such we had first mover advantage for our licenses in Tanzania. Noble are extremely bullish on their licenses but you'll be more than pleased when we announce the EWT results, based upon my research anyway.

Interesting..

https://www.lyellcollection.org/doi/full/10.1144/petgeo2021-029