Member Info for Legalwolf

Exciting period coming up for KAV.

I get that they need completeness and certainty with RNS info that they put out, but the tweets are more a running commentary, than updates as such. It would be mildly re-assuring to see some preps taking place at the site. Why can't they continue with those in the interim?

If they are planning on drilling Itumbula in a few weeks, I am surprised that they have not tweeted from Itumbula showing their preps. You would think they would want to build some excitement ahead of the drilling?

And that needs a positive announcement from He1 - which is the main point I am making. As are others....

RJ - stop perving 😉

Wyn - that's a fair point, but in order to break through resistance, you need some volume to come in to sustain any breakout.

It’s not happening guys, no matter how hard you try to work it. The volume doesn’t appear to be here to sustain any meaningful rise at the moment. Needs an announcement from He1.

Noble’s announcement confirms that there is a wet season coming up and they will also raise funds ahead of it. Their share price has barely moved.

Let’s see what He1 actually announces before we start the amateurish and premature high fives.

“The well will then be lined and suspended to allow for potential future flow testing after the coming wet season.”

So this would suggest that there is a wet season approaching at Rukwa during which drilling is not an option?

Didn't LB say He1 would update the market this week with a timeline? If so, then we will find out soon enough whether they will be drilling in December.

As I've said before, I think the bigger issue is not the timeline for drilling (it will happen soon enough), but the timeline for the next fundraise. I'm aware that Coco the Clown is taking some abuse right now. He gave me lots of abuse when I 'called out' the last fund raise. One of the things that Coco did concede at the time was that He1 should come out and rule out any raise. We all agreed that it was the easiest thing for them to do. Well, what happened was that He1 did come out and comment on the topic, but they did not rule out any raise. By not doing so, they effectively confirmed it. And then lo and behold, they announced a placing a short while later.

I think we are in the same situation again. With the share price at all time lows, IF He1 have no plans to raise, they should confirm that. They know what impact statements such as "fully funded" or "no plans to raise" can have on the market, because they have made these statements in the past.

So from an investment perspective, when they provide the next update, or give the next interview, what they say about the current finances will be as, if not more, important than the timeline for drilling. Notably, ominously even?, the topic of finances was not covered in the recent proactive interview. All imo and dyor

RJ - I think you completely misunderstood my post. The article was seeking to give you He1's cash runway as of today, and then using this cash runaway to comment on how likely it was that He1 would need to fund raise. The point that I was making was that the article totally ignored the fact that He1 had already raised more funds in September 2023, which should have been added to the cash runway calculation, and the overall conclusions of the article. Nothing more, nothing less.

A very poorly researched article based on totally incorrect understanding of the financial position: "In June 2023, Helium One Global had US$9.6m in cash, and was debt-free. Looking at the last year, the company burnt through US$6.6m. Therefore, from June 2023 it had roughly 17 months of cash runway..."

Which we know is incorrect, because in September 2023, the company raised $7.9 million?

Dangerous to rely on such (I suspect computer generated) articles?

Is there likely to be a festive window during which key personnel/equipment are unlikely to be available?

The 3 weeks for parts will take us into December. You then have the time it will take thereafter to carry out the repairs. If there is a festive window (~ 20 December to ~ 2 January) during which there's no drilling to be done, then it does seem like a bit of tight squeeze to get Itumbula drilled in 2023. That in itself is no biggie if they announce that they WILL be back in January.

In terms of timescale for drilling, is there a particular window for drilling in December - or can they drill through the Xmas to New Year period if they have to or want to?

Also, it's going to take 3 weeks to get the parts in, and then however long to repair the Rig. I'm curious as to what happens to all the workers, contractors and third party services during this 'dead' time? Do they remain under contract and hire during this period, or are they released and then rehired?

Relevance of these questions is to get a sense of how quickly they can remobilise the teams upon repairing the Rig?

Joe80 - you're a new version of Coco (and will likely end up the same way). You ramp or interpret everything positively when you're in the stock, and create FUD or interpret negatively when you're out of the stock. The funny thing is, you think people can't see through it, and try to be clever with your deception with lines like the following designed to falsely endear people to you're bs :

"I hold my hands up, I was guilty of bloating the cost of drill up. But I corrected myself once facts were to hand" 😂😂😂

There's been a few of these "honest admissions" in your recent posts and they aren't fooling me mate.

Dai/Joe80 - you have both dipped in and out of He1. I don't recall your approach being to not post on here when you were "not invested"? So it's rather hypocritical of you to make the point that those "not invested" shouldn't post, or worry themselves about He1. That's not how it works and you each know it. By this kind of definition, only a very few LTH would be entitled to post.

As for the 4p to 6.5p, that's a ridiculous comment as well. If we could look into the future and see such share price rises, then of course we would all buy at 4p and sell at 6.5p. But as you know, it doesn't work like that. Everybody has their approach. Mine is to buy (big) when I see a clear opportunity with minimal risk of landmines blowing up in your face. So earlier this year, I knew that when He1 announced it had a Rig, there was a very high probability of the share price going up, with minimal landmines preventing that rise from happening (because they had already fund raised in December 2022). Therefore, I took that opportunity and thankfully it paid off.

Since then, it's been a rollercoaster, with mixed newsflow at all times. Therefore, I've not seem the same clear opportunity as before, and so I have stayed out. I'm not a day trader like you guys. I don't have those skills, and I'm not that nimble. But when I next see a high probability opportunity here with a similar low risk profile to the one I mentioned above (i.e. minimal landmines), I will look to take it. That's why I continue to follow the stock.

Were it not for the two factors that I have mentioned in my previous post (will they drill this year? will they place before they drill?), I would consider this such an opportunity. But those two factors are potential landmines that could explode, during my particular time horizon for investing.

There's no mystery here and I have always been clear about my thinking and strategy on here.

Lol - we spent months in the summer being told they had no authority to raise! They don't, that's why they went cashbox last time round. And as soon as anyone mentions that there is no need to be concerned about a fundraise, that usually means that there IS very good reason to be concerned about it.

Also, the current share price behaviour and selling liquidity might suggest something is afoot here? The last placing was seemingly forward sold, and current share price behaviour makes ME wonder whether the next one is being worked through as we type, and the share price is moving towards the next placing price?

Finally, to be clear, I'm not posting this out of a concern for anyone else's investment. I'm only interested in avoiding getting back in here ahead of a placing. I don't want to buy now at 2.9p, only to then have my legs chopped off by a placing announcement in a few weeks' time at 2p to 2.5p. That's a significant drop.

Therefore, imho, the factors that should determine whether now is a good time to buy or not, are the timescale for resumption of drilling (this year or next?), and the timing of any fund raise (before or after the drilling). It doesn't make you a de-ramper to point out these very basic and obvious factors on what is meant to be a discussion board for a share (positives and negatives). All imo and dyor

Is it surprising that they managed to get the recent debt funding over the line whilst in suspension, as you would think it would be an obvious "due diligence" risk for the funding provider.

"There is nothing productive about stating the obvious multiple times a day."

Joe80 - I'm glad you now agree that the it's "obvious", because only as recently as this week, you were arguing against it.

Anyway, I agree with you that the aim here is to make money, and that is entirely possible to do that either side of any placing. But right now, I do think it will need something positive from He1 to kickstart the next money making swing in the share price. I'm not sure a RNS will land here for at least a couple of weeks, and so there is the downside risk of the share price drifting in the meantime.

Wyn - your post about optics is, with all due respect, really naïve and surprising coming from you. Do you think the placees give one fig about optics. In any case, here's how the optics work with the placees:

1) Hello again, it's the broker here, remember the money we have made you recently when you took part in the placing(s) with He1?

2) Yes, of course you do. Fancy making that money again?

3) You do, fantastic. Well this time, here's how it will work [discuss placing incentives and strategy]

Placings are not about optics - not in these market conditions. It's more about 'needs must' and the practicalities/realities. The company has to bend itself to the will of the broker/placees. If they want shares at 2p which they can sell at ~ 20% profit and make their quick buck, then that is what they will get. He1 doesn't dictate, it listens and accepts what's on offer.

Joe80 - as for discussing placing umpteen times. I'm afraid it will be the dominant topic whilst the share price languishes at these levels and/or He1 expressly rule it out. The share price is king on these BB - and is what moves most discussions and emotions. Expect a LOT more posts and discussion about placings in the interim. All imo

If He1 raise now, they can offer placees discounted shares AND they can offer positive newsflow to follow, in the form of drilling at Itumbula and Tai 3. Therefore, they have a better chance of getting a big raise away at these levels (anywhere between 2p and 3p). But if they wait until Itumbula and/or Tai 3, and they do not make a discovery, it will be very difficult for them to raise significant funds. Not only will the share price have nosedived towards 2p or below anyway, they will then have to dilute from that low price. And what positive newsflow exactly will they offer to the placees in this scenario?

Folk who are saying they definitely won't raise until after the drilling are just not being realistic about how placings work. It's the broker that will once again dictate and they will look after the placees first and foremost.

The most opportune time to raise is before Itumbula spuds. If they wait for Itumbula results, they are taking a big chance. If those results are poor, I don't think they will get a big raise away simply based on the basement target at Tai 3, and the dilution will be far worse. Will they take that chance? Are they that confident?

I'm not so sure that they will take that chance, or are that confident. I'm suspecting raise in December/before Itumbula results. It's probably already being sorted out by the brokers and will be announced after the AGM.

Obviously, this is just an expectation and I could be way out, but it's what seems the most strategic and logical option to me. All imo and dyor

"There's a million and one things to do before they even think about drilling and thus the need to use the Iron roughneck."

Joe80, there are also £millions to raise before they even think about drilling.

In all seriousness, why do YOU think they have bought forward the AGM to seek authority to raise if, as you belief, they have no plans to do so? It doesn't make any sense that they would raise the spectre of a raise through the AGM, whilst having no intention of raising.