Member Info for JC01

Worya,

Please don’t confuse the DEC sycophants with a suggestion like this “profit enhancing deal”.

It’s ACCRETIVE . Trusty Rusty’s favourite word creating hope for “shareholder value “ (Sadly never achieved) for the inmates of the DEC lunatic asylum.

Even the analysts , with their snouts in the trough, can’t justify their lofty dumb valuations 🤪

You can’t make it up 🤪💩🙈

Terry,

You can tell when the SP is in the toilet the cheerleaders come out telling everyone to buy, great dividend and all is going to be fine heading back up to £14.

Embarrassing amateurs hanging on to this dog

Terry,

And down it goes. Again and again despite Oak Blokes 🐂💩 of how well they are doing. The only bit he got right was this :-

With the market cap down to £728m ($975m) where 76.85m shares are at 947p each is there an opportunity?

Well for a start your market cap needs to be above $1.2bn to join the S&P600 Small Cap so DEC isn’t going to join immediately. Not with a price retracement at 947p. At £12 or should we say $15.75.

Never has he addressed the appalling SP collapse . There are always reasons apart from Trusty Rusty causing it. Now it’s the price of gas but don’t worry going to get better.

And Rusty’s next con to divert away from his shenanigans … NEWCO … 🤯😂🙈

Spot on Terry.

You can’t believe the measures Trusty Rusty goes to try and divert the market away from the 💩 share price performance . Whatever he does fails and the SP just continues to crash and burn . Just this year :-

-Maverick an unmitigating disaster

-Carlyle first deal an utter dud

-BB’s only tread water

- US main listing a flop

So none of those worked so let’s try an ARO gimmick and stump up $70m that actually could have been used to throw at BB’s to shore up the SP that is 30% down this year and heading downwards.

So much for the commitment to shareholder value . Hutson is the King of shareholder destruction . The market saw through him years ago and this will dog never recover 🙈

I don’t believe either of these projects are yet producing Helium to the market.

There is no shortage of customers in the Helium market so imminent. I just hope it’s not already priced in as is production start. At best we’re going to get 3 wells in production by year end.

Drop,

The RNS and Comms needed.

Mid November soft start.

Some do more than just sit on the sidelines cheerleading that all will be ok and engage with Investor Relations to improve the SP.

This is an investment with people’s hard earned money in and as an investor I’m not going to sit on the sidelines when deadlines are missed.

The truth is not FUD. It’s being realistic and meeting expectations.

It won’t look pretty if large private investors start selling. I’m not the only individual disappointed with the comms and SP drift since we hit 29p.

Let’s hope we now kick on through into the 30’s and beyond.

This soft start has mid November written all over it.

I hope I’m wrong as another month of drift without some really good news would be disappointing

There has to be news this week , otherwise this is going down to 23p !!! Too much uncertainty being allowed to creep in to the SP imo 🤪

jh,

why anybody would be happy with the current comms and progress is beyond me.

inez progress and comms dreadful regardless of the rns over a month ago and still no work over rig on site. wtf is going on with this.

no comms re delays which just causes lack of confidence and significantly more questions than answers so investors abandon ship.

we had so much momentum into the sp high and it’s just been ****ed away with pictures of a shed and pipes and everything on track smoke and mirrors.

the investment case here has been great assets, great delivery on time and great comms. resulting in accelerating sp. sorry just not good enough and serious investors will start reconsidering their return timeline on hex if they don’t get this back on track

Emailed Camarco today re comms and we need a production timeline update . Unlikely to achieve anything but need to get our voice heard as private investors

Tiburn,

That presentation is b4 the fund raise which clearly states 5 wells in production and accelerate the drilling of another 2 to fast track a year earlier . In April presentation 3 were locked in to start production self funding 6-8 wells.

Hence my point we’ll be lucky to get 4 up and running let alone 5. I don’t think after the fundraising anyone was anticipating only 3 hooked up and producing by year end. All the chatter has been Inez then well 5.

Lord,

Yes hopefully . That’s why we need the PR machine juiced up again with BO front and centre with his enthusiasm and the future plans.

You can’t rely on these AIM/Small Cap’s to do it on their own as they just drift.

Kaeren,

I’m certain any information from Camarco is signed off by HEX. Once production starts it will be the beginning of the transformation unless they have other transformative news to release over the coming weeks . It will be interesting re Well 5 but whatever way they do it they are behind the curve. Now a month since the Inez RNS and nothing re the work over rig . And nothing re Well 5.

The RNS from the June fund raise I quote “ All five production wells at Rudyard are expected to commence production following the installation of onsite processing equipment. With manufacturing of the membrane module and testing of the PSA facility complete, on-site construction activities are due to commence in June 2025.”

You can read that how you like but to me , rightly or wrongly, the 5 wells would be ready for production once the PSA installed. If that was the case we would have 5 producing by year end , generating revenue to kick on into full production in 2026 self financing a year earlier than planned. Hence the reason of the fund raise.

I am raising these delays and expectations as it will have an impact on the SP ( Not negatively lower but not as quick higher imo) as we’ve seen sideways in a range the last 3 months or so. Again imo the market has HEX currently with a market cap based on 4 wells generating £12m pa revenue ie 4 times revenue which appears to be a norm. It’s going to take a while , once in production , for the market to rerate HEX. Yes we all hope for that big jump into the 30’s once we start production. Hopefully then we get an investor meeting what the future plans are especially Ingomar where again radio silence ( Hopefully AS on the case with Aramco for a JV 😂)

kaeren,

put it into ai and it will give you the whole timeline process from soft start to full production integration.

bo didn’t state the coming weeks being transformational. the last bit of information didn’t quote him. i have established that investor relations are dealt with by camarco who liaise with others in hex and not bo as he is very busy. they are handling all the pr stuff. this might explain why comms aren’t so good this last couple of months.

i’m a realist. inez work over rig not on site yet so that well production is delayed further. well 5 not notified or started yet. hopefully we will have 3 wells in some form of production by year end. i hope i’m wrong .

here is the email for camarco.

nellie.bow****@camarco.co.uk

Smart,

I’ve always said Mid October /Early November .

Probably more like late October /Early November from the last update for a first soft start.

Everything I read about the soft start of each well to be integrated into the PSA and then Helium ready to be shipped is a matter of weeks as long as all goes to plan. Again we are going to need patience as this process takes longer than we imagine. I don’t see us in full production of even 4 wells by year end let alone 5.

I have had to lower my expectations of how quickly the SP is going to take to break through 30p

Red,

I looked into this a few months ago just out of interest .

There is a market but appears not a liquid or transparent one for second hand helium liquefaction units . I gathered most deals are bespoke and involve technical diligence, often with the assistance of brokers or engineering firms. They got the PSA from Xebec so could go there again.

A used helium liquefaction unit might cost from several hundred thousand dollars up to a few million dollars depending on spec/condition. Leasing could be an economical solution .

With my friends we must hold over 2% now over 4m.

Long term holders . Once in production I’m looking forward to hearing BO’s 2026 plans and beyond. Hopefully we really scale this venture up beyond 20 wells with Ingomar , M and A , maybe Nasdaq listing , JV etc etc. There are so many opportunities ahead of us. They have achieved so much , so quickly on a shoestring budget . It wouldn’t bother me to raise more investment , preferably without dilution to ramp it up much quicker still

Mostly mine … Well over £120 k bought

That was mine again 👍

Noclue,

We’ll agree to disagree

Everything I’ve read about the transition from contingent to proven helium reserves is a rigorous process that combines technical validation , commercial endorsement and independent certification to confirm that the resource can be economically produced under current conditions.

Also Inez flow testing completion and maybe Well 5 will form the basis for the Southern Dome upgrade. It’s not something that can be knocked up in 10-14 days. It forms the basis for all commercial decisions and investments.