Member Info for Jungmana

If you don't understand what Lorna was saying or you misunderstood her go and pay someone to interpret her statement to you.

If you have a good broker you can buy in the placing .

There are a few on this board and twitter who did.

Calm down folks Lorna is apologetic and imo is determined to make success of this.

4 to 6 weeks to EWT commencing with the deepening of the well by 150 m first.

2 to 4p could be here sooner than you think.

GLA

Lorna is clearly unhappy with the placing price from the interview. She is definitely sorry imo and I believe had no control over the it.

Very apologetic there.

She should now work harder and deliver for the suffering shareholders. All will be forgiven then I hope so.

Excellent interview.

Helix is the number 1 helium company on the London market .

Buy and sit tight as we should be drilling in Q3.

HE1 has a huge following that's the big advantage here .

Imo should be back to 1p+ in a few weeks time.

If the ewt is a success I would say 2 to 3p would be a good target.

Imo should be back to 1p by end of June.

Fyi , The total shares in issue now is 5.3 billion .

At this volume the churn will be done this week

Incredible volume, could see 2 billion shares traded today

But I have 3 times as much cash invested in my number 1 helium company hex.

Happy to hold 5 million shares here at 0.52p average.

GLA

Sell on news brigade at work. Someone should remind them that this is just the start, will be drilling soon.

40p by spud imo

Am back in, got 3 million in the placing and bought 2 million this morning .

Holding total of 5 million shares.

That's enough for me.

$ 50 million spent to date and counting . Very costly exploring for helium in a remote corner of the world:

Use of proceeds

The net proceeds of the fundraise will be utilised to complete the EWT and additional drilling at Itumbula West-1, as well as providing additional funds for operational contingency. The budgeted cost of the operation is US$10.2 million which includes a 5% contingency.

 

Fantastic scoping study rns this morning here :

Using a helium price of $550/Mcf, results of the optimised schedule estimated:

· NPV8 of $303.1 million

· Undiscounted net revenue of $605m (after tax, royalty, CAPEX and OPEX)

· Robust economics with positive NPV8 down to 0.4% Helium grade or Helium price down to $125/Mcf

· Initial CAPEX requirement of $19.7 million

· Initial CAPEX payback in 12 months

· Time to first payout of 2.58 years

*doesn't come cheaply auto correct .

Exploring for helium in a remote location in Africa doesn't vote cheaply and they have already spend nearly $50 million there to date.. not to mention any future development cost to get through to production. It will be staggering high compared to helix.

It cost roughly $2.5 million to drill and carry out a ewt in Montana and about 3 times that in Rukwa Tanzania.

All the $10 million he1 just raised will be blown on one well, and working capital;

"Use of proceeds

The net proceeds of the fundraise will be utilised to complete the EWT and additional drilling at Itumbula West-1, as well as providing additional funds for operational contingency. The budgeted cost of the operation is US$10.2 million which includes a 5% contingency."

Yes I was bullish on he1 until the management there failed to meet targets and my expectations. . Look at the horrendous discounted placing there today.

What's wrong with that? Don't fall in love with any share . If the story changes and the BOD don't perform as promised , move on.

End of story.

Where does it say that the board is just for the bulls? So I can't post anything critical of the company and its BOD?

Everything I said 6 weeks back has come to pass and today I will be holding 3 million shares here hopefully bought for 15k pounds which at the time I sold out would have cost nearly 40k pounds.

If you don't like my criticism of the BOD, tough luck.

Strop. I sold out and put all proceeds into hex some 6 weeks back. Mentioned it here at the time.

Have applied today for 3 million shares just for a trade.

Now even the top bulls at he1 know that helix is the number 1 helium pick on the London market.

Good safe jurisdiction ,

Super experience management ,

BOD have lots of skin the company ,

Clear plan of operation leading to development ,

Fully funded and far cheaper cost of operating in Montana

The list goes on.

All the raises done here in the past the price drops to the placing within a week or 2.

It may not visit 0.5p tomorrow but give it till 2 weeks and it will.

Is a big dilution of nearly 40% ( at least 1.6 billion new shares)