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RedBaron - the most pessimistic would be to drop back way below a penny if the find is not commercial.

Haha! Love these crazy pie in the sky evaluations.

How do you come to £5 billion MCap?

There's been enough of a signal to warrant an EWT.

So is it not a case of setting it up for production - just in case?

I believe so.

I think any EWT updates would be via RNS now.

I don't know what updates they could drip feed us on socials at this point?

The momentum looks to be building.

Bigger buys coming through.

Above 1.4 being paid (and I'm being offered as close to 1.4p as possible to sell if I want to - which I'm not)

Is the HE1 news getting out there to punters?

I'll keep on eye out for that going through.

Lol

%, flow rate and estimated resource size.

I'm no expert, but I do get a feeling that the uniqueness of the resource could be the challenge.

In the hope that it is going into production.

But can be filled in if not.

If there was the smallest sniff of economic value, would an exploration company not do this as standard?

Is it a significantly more expensive 'upgrade'?

@matt

We'd expect the next significant move in SP to be when the EWT is released via RNS.

The movement direction and size will depend on what the EWT shows. All we know at the moment are the figures they have released in recent drills.

Atm it is a guess

Here's the conclusion from a paper on lyell collection website;

"In the region of the Rukwa Basin independent prospective resource estimates undertaken on behalf of the operator and their financial backers suggest that there is a P50 (best estimate) of 138 BCF 4He (2.78 × 109 m3 4He (STP)) potentially trapped within existing trapping structures (Helium One Global 2020), which, if recoverable, would alone supply the current world consumption for 14 years."

Thanks!

I get that this is good - no hydrocarbons.

The % seem good and get better as they drilled down.

It's whether the flow rates are good enough or the potential size of the resource. This is where it's make or break.

How often do exploration companies get to an EWT?

I have a feeling, just a hunch, that this could close up above 1.4 today. The bigger blue trades have returned.

No Comms = negative.

Comms = negative.

There is no pleasing AIM forums.

I'm hoping it's 3. But I'm keeping my hopes in check.

I've been burnt before by;

Exploration company positioning itself by highlighting the global shortage of a mineable commodity.

Suggesting that it's exploration area contains potential and that the resource could be massive. Punters dreaming about retirement. Company doesn't do anything beyond the initial drills

The CEO being a showman.

The actual resource not being economic. No further exploration made.

I do feel HE1 is different. Great Comms. Regular updates. Mining licenses, plant planning etc in progress.

Help us think about it.......

They must have a high confidence level at this moment in time.

Otherwise the company will be a laughing stock if the EWT is less than favourable.

The volume hasn't really taken off after the last couple of RNS.

Are people holding?

Is there little interest ATM?

If the EWT is successful, HE1 won't need a placing!

The volume isn't massive compared to at the start of July.

Maybe more people are holding awaiting the EWT?

I'd love to see these MM's done over