Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Wait till Minchin starts the PR soon , this will be 30p+ in quick time. ;
https://youtu.be/3bITF1PKQjo?si=QPms7dP5MKKgufEX
Yep , have raised approximately $9.3 million . fully funded for ;
1,scoping study this quarter,
2, drill and carry out extended flow test an appraisal well in Q3 (costs $2.5 m in total in Montana),
3, option for a second appraisal well if they choose to,
4, do the feasibility studies and
5, may even acquire additional projects .
Most importantly top class proven BoD in a safe jurisdiction
I agree with Zak, clear the flippers and this will double quickly;
Comment: Given the media build up, positive read across to Pulsar Helium (TSX-V:PLSR) and Helium One (HE1), as compared to which HEX’s initial market cap is humble, and the massive scaling back of demand, we could be looking at the first UK IPO in decades to double its share price on the first day of dealings.
Https://twitter.com/TheHiveTeams/status/1778803555945566433?t=MUFsEI5GipLSzdBCADuzvw&s=19
Listen to Mr helium himself here;
https://youtu.be/2uIlWZKSvYY?si=w8KCg6U7m0EhIWZJ
Helix about to go into orbit. Flippers almost done and that one is just GBP 12 million market cap with GBP 7.5 million in cash. Top class management.
I hold both hex and he1 but have a lot more in the former.
I have 300k shares and that's my full allocation for now.
May add another 100k if stays at this level by late next week as getting some funds.
This should be 20p+ in quick time once the flippers are done.
I think will rise sharply next week. Been looking at the report published, the comparison with peers such as Pulsar helium ( GBP 100+ million market cap) and a few others.
This is at base camp and an excellent time to be buying.
A GBP 100 million market cap is quiet possible this year.
The 4.7 million raised in February can only go as far as ordering long lead items, working capital planning for next stage of the campaign etc.
Funds will have to be raised for the Itumbula Q3 EWT and any new well drilling or deepening of Tai3.
At least GBP 10 million will have to be raised.
Remember the company between September 2023 to February 2024 raised approximately GBP 16 million. In total
Not cheap exploring in a remote part of the world.
My own prediction is a fund raise will happen in May and how much? Minimum GBP 10 million. Operating in remote Tanzania is not cheap as HE1 has already spent in total approximately 50 million pounds exploring there.
Gla
Lorna should just raise at least GBP 10 million at once this Q2 so that the company is fully funded for the planned works in q3.
Carrying out an ewt , either deepening tai 3, or a new appraisal well at Itumbula, working capital should be funded by that amount.
Itumbula costs approximately GBP 5 million to drill ( drilling only and no 30 days ewt) Not sure how much ewt will cost.
The Itumbula drill happened in January therefore that £8 million was mostly used.
The current cash balance must be well under GBP 5 million as there was only 1 million remaining at the time GBP 4.7 million was raised recently.
Most of that will be spent on long lead items and we will for sure have another raise imo before the EWT in Q3.
All imho.
Worth a read For all helium investors
Investor ppt;
https://wp-helix-2024.s3.eu-west-2.amazonaws.com/media/2024/04/Helix-Exploration-March-24-Final.pdf
Https://twitter.com/HelixExp/status/1778362657113813139?t=fkphTPA0O7lN3_Ll8VaLew&s=19