Member Info for Kernowboy1

Legalwolf – This is also my concern.

To me It would seem strange to go through an RTO, list on Aim and not raise any cash.

This is why I think / hope that it will happen once we have an asset that is producing cash and a higher share price.

But what do I know? this is purely a subjective opinion

Legalwolf – I would not be surprised if it was, but also would not expect anything about it until closer to the end of September to line up with ROST going live.

The long-awaited dewatering of ROST looks set to start this week, once that is producing helium then I think the rest will fall into place after it

To me ROST is the first major milestone to be hit.

I have now hit the nice round number I was after so am happy for the rise.

So I hope you are correct Trojan

With Nick’s track record of giving himself deadlines and then missing them, we can hardly blame the market on this one.

I however think there is a first time for everything and that time might be now.

(When I say think I clearly mean I have a feeling based upon no facts at all).

A few more at under 2p for me, congratulations to whoever got the 90k though

That is the question, “will Nick deliver?"

The Positive:

Yes, there has clearly been progress. According to Nick, the project is currently running below budget estimates, which is encouraging.

He also appears to be reading the board as ROST was noticeable for the fact it was addressed first on the RNS, And his communication also appears to be getting better hence the RNS

The Negative:

Timelines continue to slip. The RTO has already been delayed three times.

ROST also keeps drifting. On July 22nd, Nick stated it would be connected to the disposal well “in a few weeks,” later clarifying “a few short weeks.” That was a month ago. Today’s update now says “de-watering operations to commence in the first half of September 2025.”

My View:

It’s time for Nick to deliver. This moment feels particularly significant.

If everything is delivered within the next month, Nick Tulloch could become a name investors associate with eventual delivery—despite missed timelines. That alone would place him ahead of 90% of AIM-listed CEOs, making him a green tick for future investment.

If he fails to deliver, however, he’ll be a name to avoid.

Kernowboy

BlueSky72 I was writing a response but I was almost identical to yours :)

I like the could be argued paragraph at the bottom but hope there is not a requirement for a large cash raise, one of the reasons I like MDH will be the ability to fund expansion through income.

it must also be remembered if the share price rises and all of the warrants are exercised this alone will add just another £1.5 million in cash

Kernowboy

He Is which makes it even more strange that it has been delayed 3 times

That is a great analogy.

But it is more like an open goal at a party where he has just downed two pints and is on his 7th spin around a stick before he is due to take his shot.

That said I am still optimistic that he will score (eventually) so if this price dips below 2 p again I might get a few more

I think that it is based upon Nicks ability / perceived ability to finish what he started.

Once / If ROST goes live, The RTO happens and we get listed on Aim we might be taken more seriously

Until then it is just words and ideas. Ideas that would also be taken more seriously if we had a track record of delivering.

This really is a big month for Nick

I found the interview slightly concerning.

If Nick had said the bitcoin mining was a side-line to generate extra money, I would have been happy, now it appears that it is part of an integrated solution??

Nick is already spread thin with his commitments for ECR as well. This interview gave me vibes of his HNR days where it appeared diversification was the key and not delivering on the core business.

I want to see priority given to the reason I think most of invested in MDH in the first place:

Building a good helium play by hitting the milestones of:

1. Getting ROST into production

2. Completing the RTO of M3 Helium

3. Listing on Aim

Once initial targets are achieved then by all mean set some new ones.

KernowBoy

This company looks like it's really going places. Exciting future.....

If they can deliver everything they have promised in the next month or two, The track record for doing that is not particularly high.

But I remain optimistic .

My disappointment at ROST being delayed is somewhat mitigated by this RNS

First of all Nick actually just told us there is a delay and did not go radio silent (For me communication is a lot of my concern around this share), He then gave us an updated schedule.

He then said Rost was coming in under budget (Always nice to hear).

Then there is an update of new items being pursued which seems interesting.

So overall I am happy and can wait until mid September for ROST to go live (And rather conveniently for MDH to complete and RTO and become Aim listed).

Busy times

KernowBoy

Got a few more at 2p this morning, thought that opportunity had gone.

Would not mind the seller to be around for the rest of the week, then they can clear off

Almost unbelievably you can buy these on II but the way they are going I would not recommend them very highly

And still I can not trade on II.

What a poor service they offer

They did the same thing with TIR.

Pretty shocking really, soon they will launch an investigation why people keep leaving them

No idea what answer they will come up with

With us being told 13 days ago that Rost would be live in a few weeks, (a short few weeks at that)

Now is time to see if Nick can deliver or if his reputation from chill / voyager days of over promising and under delivering still rings true.

I have bet that this particular leopard has changed his spots!!

we will find out soon enough

Kernowboy

Rost on line in 2 weeks? although he did use the phrase a few weeks so there is some wriggle room there.

If Nick delivers this then I will be very impressed.

The current SP will be a thing of the past

Kernowboy