Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Agree ART , even at the time of Tai3 well spud last November, he1 was valued at £50 million market cap.
And over the last few months is become clear the importance of any helium project location with respect to development and getting it to major end users .
50 million market cap is 40p share price here. That should be a minimum target by q3 well spud imo.
But won't be surprised to see it a lot higher than that.
Excellent post Trek. Yes Bo keeps emphasising the "chips " act.
It is very important and makes helium a key national commodity for the US tech and semi conductor industry.
Helix is in the right place at the right time.
Agreed, 20p should be the base. The ipo was priced reasonably low and gave many an opportunity to load up cheaply.
This company is head and shoulders above many helium peers who are today valued 2 to 3 times more.
Personally I believe will see 50p by Q3 well spud .
We will see 4 to 6p daily jumps here soon
Here is the Company's twitter account. Give them a follow if you are on twitter;
https://x.com/HelixExp?t=ThocFJ9IaHVdC98aUke7ig&s=09
Zak mir like many others predicted helix should double on listing. Took 3 weeks to free the share price but finally is happening;
https://www.share-talk.com/helix-exploration-is-ready-for-its-london-listing-following-an-offer-that-was-significantly-oversubscribed/
Excellent written article incase anyone missed it;
https://spongeshare.com/2024/04/29/helium-an-increasingly-rare-commodity-with-limited-investment-options-heres-three-uk-plays/
Helix Exploration (LSE:HEX) – Market Cap £12M
Helix is a particularly exciting Helium play for a number of reasons.
The company are a relatively new entrant to the market having IPO’d this year. The company initially sought £7.5m but this was well over-subscribed to the tune of a potential £22 Million on offer, however the company stuck with the initial amount sought to minimise dilution and keep a ‘tight’ book, especially give the current market back-drop. The company has a post IPO Market Cap of around £12M.
Helix are arguably a more advanced play than Helium 1 in that their projects are in development stage (with plenty of further exploration opportunity also I must add). The Helium projects are located in Montana, USA along the ‘Montana Helium Fairway’. This is a fantastic location in terms of risk profile and locality to end consumers with a substantial un-risked prospective P50 helium resource base of 2.3bcf.
Historic drilling/testing has identified gas in all target reservoirs and the company are planning an appraisal drilling campaign for Q3/2024 on stacked reservoir targets.
Should the appraisal drilling campaign be a success, the company have plans to take the project to production building a local processing plant delivering -55,000Mcf per annum. As I mentioned earlier, Helium can sell for up to $800Mcf, although bulk supply pricing can exceed this. Helix will target sales to Tier2 distributors by-passing industrial majors to ensure best pricing for Helix.
The company estimate a timeline of just 12 months from appraisal success to first gas production. As investors that’s a huge re-rate potential in a very short timeframe!
Lastly, it’s worth mentioning the Management Team, the team is very strong with a wealth of experience within the Helium space from Chairman David Minchin to CEO, Bo Sears who lead the Mankota Project, Canada’s first Grade A helium Operation.
And there is Greg Peters ;
Worked for ~10 years as Director of Helium for Linde and Praxair
Responsible for helium pricing strategy, contract development, client portfolio and supply logistics
COO of Edelgas Group, rare gas consultants, and Managing Director of Disruptive
Bo Sears ( helix ceo)
25 years of helium exploration and production experience
Led the discovery and development of the Mankota Project; the first project in Canada capable of producing Grade-A helium
Has testified before the United States House of Representatives on America’s Helium Supply
Author of the 2015 book “Helium – The Disappearing Element” widely regarded as the definitive textbook on helium
Who do I listen to Bo Sears or an anonymous poster online who doesnt know what he/she is talking about?
Bo has done this , written a well respected book on helium exploration, development , production and even testified before Congress on the US helium supply issues.
As we rerate we will attract such posters trying to spin their crap on this thread. Just ignore them and as slwsys dyor.
Pompey, my last post on he1 thread was about 2 weeks ago. I can post here comparing to he1 as this is the helix thread.
Secondly I hope you are aware that the name Rukwa is the region. A very large area the size of Wales and he1s project is nowhere near that highway. The seaport in Dar es salaam is over 500 miles away.
Yes Montana is not coastal and you don't have to ship the helium to get it to the major end users as you would have to from Rukwa , Tanzania. .
Good luck with he1.
Wise is not about if he1 was oversold when it was about 0.20p £ 8 millionmarket cap. It was lack of confidence in the drill especially the rig and the huge dilution at 75% discount to fund that drill.
On their Tai-3 drill in November last year their market cap was roughly GBP 50 million at time of spud ( share price was about 5p with roughly 950 millions hares in issue) . But a series of rig breakdowns , well results not up to expectations led to collapse in share price to about 2p (GBP 20 million market cap).
Then came the news that funding was needed for the Itumbula well drill, this led to the slow decline to about 1p level before the massive 4 times dilution at 0.25p.
Therefore you can clear see that he1 had so many issues going into Itumbula drill.
Most importantly their project is located over 500 miles from the seaport with no infrastructure .
Basically in a remote part of Africa.
If one listens carefully to Bo Sears in his interviews he is keen on highlighting the significance of the project being located in Montana, US. It is right at the centre of the largest helium market, close to infrastructure and will be cheaper to fund the production plant ( $12m to $15 m).
Bo has done this before in Canada and has an excellent BOD to help him do it again
50p at spud is a realistic target.
As I said early this morning take a look at he1 which is at £50 million market cap today with £4 million in cash.
Helix has a better project better location and a much better proven management.
Helix right now is just £16 million market cap at 13p with £7,5 million in cash.
Needs to get to 40p just to be valued similar to he1. And remember he1 was £100 million market cap on Itumbula well results just a few weeks back.
The upside here is huge .
Imo helix should be 40p minimum by spud and a 100p+ on successful well results and flow test.
If you haven't seen please take the 1 hour to listen to the presentation and read the Q&A done by The HIVE team on telegram with David Minchin.
Lots of information there.
https://twitter.com/TheHiveTeams/status/1785743902210748863?t=gPmk5d3XSIgOcsSTA4iZ_A&s=19
A good comparison based on project, location and management is he1.
That one has a £ 44 million market cap today £ 5 million of cash compared to £14 million market csp for HEX with £7.5 million of cash.
HEX has a huge upside potential.
Supply of stock is getting tighter here as we may be seeing the ipo flippers almost done.
Over 80% of stock is with long term investors imo.
A close above 11p will be great. Should then see a quick overdue rise to 20p imo.