Member Info for JohnHenry

Skippysb01 im going by the fact that in order for a Helium discovery to be commercial it has to be in sufficient quantity and trapped.

Absolutely they will find Helium whilst drilling Itumbula unfortunately it wont be trapped. Non commercial.

Based on the fact that TAI3 was the company's most favoured location to find an effective seal and hence discover trapped free gas. However they failed to find an effective seal and trapped gas.

Itumbula has gas seaps all over the place, therefore logically there isnt an effective seal as if there was you wouldnt be seeing all the helium seaps.

In a nutshell has no effective seal.

Completely agree Latino, Blaisse absolute obsession with drilling Phase 2 in 2023 has virtually Fked this company.

As an exploration company purchasing your own rig is absolutely brainless.

If no commercial discovery they are stuck with a rig which they will then have to sell.

Should have continued to try a source a third party rig even if that meant drilling TAI3 in Jan 2024 instead of 2023.

Worth noting the Marriott 16 rig is presently sat idle,stacked a stones throw away at Mbelele

Have pretty much zero skin in the game. They couldnt give 2 Fs about shareholders.

Their priorities are exploring and drawing a salary. When the money runs out they will all move on.

A contrast to NH where the CEO and BOD have plenty of skin in the company.

Last year Blaisse was in front of the camera more often than Rylan Clarke.

Her absence speaks volumes.

Ezzza you do realise these are production numbers not sales numbers.

Maybe compare HE1 to the timelines given from PRD for a possible CNG development

Joe80 comparing the commercial development timeline of HE1 to RKH is quite frankly ridiculous.

Absolutely worlds apart.

I would expect Noble Helium would probably takeover HE1 for around £5M in NH stock for the licence and rig.

Get it right they are cashed up for a well and a few months working capital thats if they dont have any drilling issues.

If they do they are Fd

Jesus there are some thick twats on here who cant even read a basic TR1 or bother reading the full RNS

Spreadex have sold no shares they just changed there percentage holding to include the new placing shares

Agree the Mkt Cap is a litle crazy however imho theres still a large seller and shorters in this narket.

£33M Margin per annum against a MKT Cap of £39M @ $256 M Met Coal B

Thats a Margin of $42M per Annum

Ben are breakeven at $205 earning $50 a ton @ $256

At full production thats $3.5M per month

Its a traders market no real news apart from they are still in talks, red day

Silly twats at IG Markets are still using the pre placing shares in issue.

Profitjock are you that naive to where the placing shares went.

Recent TR1 will give you a clue.