Member Info for JohnHenry

Then there is the next question of geographic location.

Confluence i suggest you do some basic research on helium concentrations/flow rates to determine commerciality or not

Maybe compare Blue star with HE1

Potentially a huge development

Just for you Corkscrew

US$1.5 million in respect of past costs incurred by Blue Star on the Galactica Project;

· 100% of the costs in respect of six wells capped at US$450,000 per well;

· up to US$2.55 million in in respect of the Company's 50% participating interest share of the tie-back, installation andprocessing expenditures required for the development of the Galactica Project;

· the balance of US$1.18 million in respect of associated fees, legal costs and working capital and development contingencies.

The initial wells are expected to be on stream and producing in H1 2025 and an independent third-party competent person's report indicates that an average of approximately US$2 million per annum

It seems many peeps dont understand is that the £6.43 M raised gets HE1 to first revenue.

imho its an excellent deal.

Sorry Agazzis gonna put you in the green bin, F ing clueless.

Because they need the funds in order to sign a MOU FFS

Agazzis you obviously have no clue whatsoever they needed the funds asap to secure the deal.

Agazzis HE1 wanted this deal to go ahead, there was more than likely other interested willing parties, cash had to be raised quickly not enough time to arrange a drawn out placing which the Mkt would have got wind of and crashed the price, probably to around 1p

Cashbox was the only option available to get the day done

So in your honest opinion what was the company to do ?

12 months after the grant of the mining license which could take a further 12 months plus

HE1 concentrations/ flow rates dwarf those of Blue Stars concentrations/flow rates.

Blue Star is going into production.

And yes big difference between the US and Tanzania. However imho its a no brainer that this is a commercial discovery

Investace the Market has already priced the placing into the Market cap

Imho if the placees mandate was to sell some of their holding then that stock would have been forward sold from the date the fundings was fixed.

Tomorrow should start to see a recovery in the price.

Investace if they are going to sell they would have forward sold. checkout the volume.

Sounds like Crustypete needs to learn a thing or 2 about forward selling

Investace as an investment ace you should know all about forward selling

22 red days 6 blue days MKT Cap back below £15M seems a tad harsh given the news.

Imho a possible reason why James Cheek left with him having a different direction in progressing sales to the rest of the board.

Hopefully news on MT-RNR1 as sales appear to be very very slow.

Just goes to show a directors buy means SFA in the gerand scheme

What it shows traders is no significant news for 6 weeks.