Member Info for Jethrodave

Nothing to do with shooting!

It is the nesting season which is protected and subject to state restrictions.

Tremendous interview!!!!!

Still less than 90 views

The market will catch on eventually!!!!

BB

Perhaps the market will reappraise the value of Hydrogen after next weeks Paris Hydrogen Show!

I don't think BS and DM could have made it any clearer without upsetting the nomad!!!

Come on guys let's all share their positivity!

Close your shorts!

no one wants to see lose money!

DM so positive!

Quote from Bo Sears earlier, ahead of the the Paris Hydrogen Show.

"We can see significant opportunities to collaborate with experts in the hydrogen field to understand the origins and potential of the Ingomar system."

Sentiment here could be completely different this time next week!

Exactly Art

You compare HE1 & HEX market caps pre drill

£144m is equivalent to 118p here

So don't quite understand your concern

As you also remind us Montana is not Tanzania

OAK have upgraded target to 93p

And our own RNS Could drop at any time!

And of course we don't have 5.3 bn shares in the hands of day traders

But DYOR

3.2p Does indeed represent a sensible target!

The broker consensus target was 5,63p prior to this raise

(now duly adjusted to 3.93p)

It is perhaps worth pointing out that had the company been able to raise the £8m

conventionally by way of a rights issue.

The share price @ 1,15p would have been adjusted to 0.95pXR

This also represents a sensible short term target!

But DYOR

Very true Sharebel HE1 may well "be about to pop!"

but as you have referred to HEX as the subject "of massive hype"

It is important to remember that in April 2021 when HE were two months away from spudding,

they were capitalised at well over £70m.

HEX may well spud themselves within a similar timeframe, and are capped @ £32m @26p

short term predictions of 32p may therefore be justified.

But DYOR

Triplestar

that would be creating a false market!

so definitely NO

the trend is your friend

so not too late to back a second horse in the Helium stakes HEX

DYOR

Exactly Pompey

Why not hold both!!!!!

See my earlier posts and DYOR

For me it is the massive dilutions and free float of over 3bn at the mercy of day traders which will prevent them from fully achieving their full potential

See my earlier postings!!!!

Call it a cross ramp!

but think about it!!!!

The summer of 2021 was the time to take huge profits on HE1

HEX in my view now offer a second opportunity for those that didn't!

But DYOR

But it is impossible not to compare HEX with HE1 Iceman!

See my earlier posts

HEX is different

70/80m shares in public hands compared with a free float of over 3bn

Imagine if a fraction of those that haven't already switched now did so!

As mentioned there was a time to take huge profits on HE1

HEX now presents a second chance for all those that didn't!!!!

DYOR

History does sometimes repeat itself!!!!

(See my earlier comparison with HE1)

Which 6 weeks prior to spud had an MC of over £80m in 2021

Markets have changed but HEX @ 65p would produce

a similar valuation

Not a ramp!

Just DYOR

Legal

See my earlier post in which I compared HEX progress to the early days of HE1!

History can repeat itself!!!

Wild predictions of 30p per share could be attained (if by July they achieve only half that performance)

without the well publicized advantage of cheaper drill costs, home market e t c

as alaways

DYOR

Thanks Trek

Think we are agreed 11p is far too low!

Or even Part 3!!!!!!

The world shortage of Helium will maintain interest in both companies, the proving up of reserves at Itumbula will ensure on going support for HE1, but as already mentioned, escalating costs and with a free float of over 3bn shares, at the mercy of day traders; the share price will not fully maximise its potential, without external support.

The analyst consensus target price for the shares is 5.63p.

It is very much early days at HEX, however, which has the advantage of being closer to the main market for helium but also importantly has institutional backing of around 17%, but perhaps most significantly, board members hold a similar amount,

Future additional funding is, of course, inevitable, but according to the IPO literature, the cost of drilling and testing a well in Montana is around $2.5m, and so the company is fully funded for the first three wells.

There will almost certainly be less hype from DM this time around, but if they can achieve half the value of HE1, three months prior to drilling, a valuation of £25m or 20p per share, would not seem too unreasonable!

Caesar

Part 2

sorry for the delay

Jungmana

Inclined to agree

but being ultra conservative with 20p

As always

DYOR

Caesar

this may help!!!!

Helix Exploration (HEX)

The shares have recently listed on AIM, following a successful IPO which was three times over subscribed. This raised £7.5m and capitalised the company @ £12.2m. The funds raised will enable them to embark upon a Helium exploration programme in Montana, scheduled for Q3 2024.

David Minchin is their CEO, formerly of Helium One Global, and naturally comparisons will be drawn between the two companies.

Helium One raised £6m with an issue of shares @ 2.84p in December 2020, capitalising the company @ £14.1m. The shares traded @ around 4.5p for the next few weeks but by the end of the month stood @ 7.25p.

This capitalised the company @ £36m.

In April the shares in issue increased by 100m with the further placement of shares @ 10p. This was well received by the market and by the end of that month the share price had risen to 14p.

This capitalised the company @ £83m.

As the prospect of a positive exploration campaign grew, the share price continued to climb. By the time drilling commenced at TAI 1 on 14th June the share price had reached the twenties. Fuelled by positive indications, and with the benefit of hindsight, over optimism on the part of DM in particular, this was the time to take profits. The shares peaked by September @ 28p.

This capitalised the company @ £166m

Drill results from both TAI1 and TAI2 proved inconclusive, the share price collapsed and continued to slide as the company failed to resume drilling the following year, and in December a further £8.8m was raised @ 5p.

David Minchin stepped down as CEO in February 2023.

Despite securing their own rig, after weeks of negative progress, the huge cost of prospecting in remote parts of the world, impacted further, with the need by September, to raise a further £6.3m @ 6p.

Sentiment improved slightly by November, as results from TAI3 were eagerly anticipated, but whilst reporting encouraging shows, failed to deliver anticipated results and the share price deteriorated further. The next month, In what, at the time, seemed to be in desperation, the company was forced to raise a further £6m @ just 0.25p.

The share price continued to fall, and reached a low of 0.18p in January, Prospects finally improved, following results from Itumbula West 1, which “showed helium flowing to surface in significant concentrations,” and the shares began their recovery.

In February, however, it was felt necessary to strengthen its working capital position and £4.7m was raised @ 1.5p.

Sentiment suggests, further dilution may be needed, amongst other things, to fund an Extended Well Test planned for later in the year, adding to the 3,715,710,763 shares now in issue. Very few of these are held by board members, the majority are held by small private investors, many of whom are day traders and these factors have been, and continue to be, the main reason for the dismal share performance.

At 1.4p the company i

£13.32m Barno

Click on HEX Fundamentals and scroll down

Crusty Pete

Your estimate not mine!!!

3.7bn × 8p = 15bn × 1.97p

So not a fraction of today's price

But a multiple

JD