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Complete and utter rubbish being spouted by the rampers.
The share price action has done the talking over the last few days and few years.
Helium one share price tumbled from 28p to 0.185p - some investors it has been said many a times have been diluted to the tune of -4000% !
Take a minute and let that sink in - if helium world exclusively supplied the entire world for helium over the next 10 years those poor folk would still would not recover there original investment.
Lorna has omitted vital details in all of the RNS she has provided, giving vague information lacking any detail.
A flow rate has still not been provided just 'an up to 0.5 mmscfd' - so how is it flowing nobody knows. she is averaging results so joe public cannot predict exactly what has been happening.
Also they have diluted and issued placings to the tune of £37.5m since being around - the companies market cap before the recent run was approx £5m - so in effect the company had pi**ed away £30m
Probably to support there lifestyles
ANd how much do HELLium ones management own in stock of the company?
between all of them PUT-TOGETHER less than 1% of the company.
Couldnt in effect care less whether this stock went up , down and all around the management at helium one have very very little to actually lose - shows how much confidence they have.
Lorna has stated already that next results will be in Q3 - im staying well away until an OFFICIAL RNS FULL OF DETAIL and NUMBERS says its a worthy buy.
Till then this company is going to burn through the money it raised and another dilution will make your investments more worthless.
We all agree Lorna was downbeat in the latest video update released yesterday.
However i am trying to work out the following:
1) Was Lorna disappointed with the market reaction.
2) or rather more sinister, was Lorna disappointed with the production of 0.5 mmscfd.
Personally i reckon it was the production figure, i reckon helium one cant give two shts about the market reaction - as raising capital, dilutions and placings is second fiddle on tap for Helium one.
For me this is now more concerning, it means she will have to increase helium production from different sites, and use artificial lifting to increase the mmscfd figure. This ultimately means the helium is not free flowing as we all think and possibly not in sufficient quantities for commercialisation. Also we had some photos linked the other day showing rig movement - why do this if helium is freeflowing in abundence?
From the RNS on Thursday - investors have calculated that Helium one is at best generating LESS than 1000 litres of helium per day
Quick fact:
How much helium does it take to fill 100 balloons? Each helium balloon can contain up to 14 liters of air. Assuming this standard, you'll need 1,400 liters of helium to fill 100 balloons.
So Helium one generated enough helium to fill less than 75 balloons per day.
Like i said - PEANUTS!
McDonald's please stick with your existing supplier for helium - my child does not want to be dissapointed - thanks
Lorna and Helium management have a lot of words to say but few numbers to give - all words and no action.
This week in a nutshell:
RNS released on Thursday, apart from all the lovely wordy waffle it contained was one sentence:
"Drill stem test ("DST") results carried out on the Itumbula West-1 well calculate a minimum flow rate of 0.5 million cubic feet per day ("mmscfd")"
This sank the share - as it is PEANUTS!
Helium one. always avoid giving numbers and facts - as the numbers they have to give have always collapsed the share.
Helium one good at talking the talk. not so good at walking the walk
Objective number 1: Ensure the company survives (discover world class helium, when almost in administration, dilutions and placings when things are getting bad etc)
Objective number 2: Endure our lifestyle jobs survive (release unofficial updates to convince shareholders to invest)
Objective number 3: Release RNS which ticks the bare minimum criteria for acceptance (Release half baked RNS to the market, no mention or permeability, reservoir size, flow rate etc)
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Objective 1000: maximise shareholder wealth
This company really could not give two cahoots about the shareholders.
The share price graph says it all. A Company which falls apart like that from 28p to 0.185p and dilutes ridiculously along the way, some shareholders will need a 4000% increase in the SP to get back there original investement - also dont forget our shares in issue is in the BILLIONS.
I cant see a good ending to all this.
Im waiting for a COMPREHENSIVE RNS which is worthy of an investment - till then my hard earned cash stays under the mattress.
Think Lorna realises that there is a real credible situation where the existence of Helium one could be at stake.
She will need another rig or two to drill in different locations and do deeper more extensive testing.
She has no choice but to do this to appeal to others with the possibility of obtaining more funding or getting a JV.
She has spoken the words but now investors and suitors are wanting the numbers and getting more impatient by the day.
Giving a dumb-ass story of securing 0.5 mmscfd is naff all - practically peanuts.
investors have now called helium ones bluff - time for Lorna to put up or shut up.
Doesnt take a rocket scientist to see that .
0.5 mmscfd was the words which sank the stock.
Whatever He1 do now will only worsen the situation further..... I think Lorna has already done some sort of a prelimenary assessment and is thinking if this 'world class helium' is really world class and there for the taking.
Shes not saying it, but from her earlier interview which i saw i reckon their is some second thoughts occuring.
Whatever happens now, it will be capital intensive - its clear as day that 0.5 mmscfd is not cutting it. So stimulation of the well and another will need to be bought it.
funds from the £5m placing will be wiped out within 8-12 weeks.
If Lorna decides to go all in.... we shall see if she can walk the walk and not just talk the talk.
Another placing for £10m will follow after an RNS come august 2024.
for now, im waiting it out - this whole situation stinks.
Silly share price reaction to Lornas interview from earlier today.
In the interview she does not give any further detail or clarity to what the market /investors already knew.
She does not elaborate on flow rate or potential size etc.
Its a dud of an interview in my opinion - added zero percentage worth to an investment case.
The share price rise is a false one, next week the share price will fall a lot lot further.
Joe80 - some excellent and valid points from you. a veteran with 20+ yrs exp. thank you
I too felt that the interview today was covering something up almost. once again Lorna is anything but forthcoming on key facts and stats like the flow rate. I wish these interviewers were more like the Americans and pushed hard on what is exactly being deleivred? too soft the interviews for my liking.
Cant trust Lornas comments, her demeanour was more respectable, but all empty words and no figures in addition to what we already knew.
Its all bad. my opinion. is this will unravel below 1p by month end.
Just listened to Lornas interview from today.
Nothing in it from what was already stated in the RNS from yesterday.
Q3 for deeper drilling and exploration.
mentioned and drill repairs - hav a maintence team onsite.
also mentioned lead times for getting equipment in - these can be delayed i was thinking.
It was not in anyway a good update, very sombre and gloomy - but realistic - so kudos for that.
I think she realises now the market likes NUMBERS and she needs to get delivering.
I think between now and november the share price will fall apart if not anything else.
Waiting till nov before i invest - me thinks
Doesnt really matter what Lorna says now -
as this will be an unofficial update - and not an OFFICIAL MARKET SENSITIVE RNS.
Also its becoming a bit like the boy who cried wolf with Lorna - telling us one thing and doing another - she could now say there is a trillion litres of helium at 10%, people wont beleive her now (even if she is pouting away and posing like a playboy model) - she should be sacked for misleading hard working investors with families during these difficult financial periods.
I want to invest, i really do..
But for now im saving my hard earned cash until a belter of an RNS is released with lots of numbers - which i doubt will ever happen
Find it insulting when you say the derampers have done a great job.
The one thing that cause this stock to plummet was this single statement in yesterdays official RNS from Lorna CEO of helium one.
"0.5 mmscfd"
(in laymans term, peanuts, bugger all, diddly squat)
and this has caused the sell off.... not anyone deramping
0.5 mmscfd is a bad bad figure
4.7% FREE FLOWING helium with one rig working full time - on some forums its being said they should have delivered at least triple that.
Not as conc or freeflowing as it was made out?
Its a complete farce
Oh come on!
WHAT WAS SAID
'Generational Wealth', 'World Class Helium', 'Video updates with lots of smiles and optmisim'
WHAT WAS DELIVERED
0.5 mmscfd
A bit like a student talking big about becoming a hotshot at Cambridge Uni and delivers D.D.D in his A-Level results!
Wake up and smell the coffee - this is unlikely to deliver
AIM shares are all about numbers, and numbers alone. How much, when, flow rate, costings, etc
Lorna has delivered so much waffle, smiles and general trash talk
but in effect just TWO numbers has done all the talking
4.7% helium and this caused the share price to rocket.
0.5 mmscfd and this has caused the share price to crash.
Im not investing a penny until more NUMBERS are released regarding development and progress.
Permeability , reservoir size, dilution etc
AND THEY MUST BE RELEASED IN AN OFFICIAL RNS ALSO!
Does not matter what Librium and others say - this is heading one way - south.
This will easily plummet to sub 1p levels.
One thing did the share price over and believe it or not it was a NUMBER amongst all the other buzz word waffle in the RNS
0.5 mmscfd - in simple terms - means bugger all was produced
most analysts have read it to mean so and have quickly sold out.
But the misery does not end here - we all know there is no more news till Nov 2024, They only have one rig, and what has been raised will buy the company time till November at best - so another dilution coming.
So in summary:
- yesterdays RNS was a disaster - Lorna should be sacked
- no futher news till Nov 2024 (nothing to hold the SP till then, so collapses more or less every day 0.5p easily possible)
- unlikely to deliver good news even in Nov based on 0.5mmscfd
- Highly likely share price dilution to take place by then for the company to survive, and i reckon it will be a big big dilution - to help management maintain there lifestyle careers at the expense of shareholders.
So its bad - real bad - im staying well away!
It's a car crash scenario.
Unlikely any news till Q3.
Yesterday's news was dire.
Funds unlikely to last till Nov 2024.
So dilution to happen more than likely.
There is no news till Nov 2024, and then we'll get news of dilution.
So much negativity to look forward too