Member Info for LOTM-13

Hi 5085

Producing should perhaps be replaced with generating.

They are trying to say in there own way is that the Rukwa Rift Basin is one in which Helium is being produced/generated from below in the earth's crust/core/mantle. The deep faults that exist in the mantle due to the movement of the tectonic plates, are allowing Helium to continually seep up those faults, some gets trapped in sealed faults, some make it to surface & are then released into the atmosphere, where they continue to rise & pass through the ozone layer etc & out into space.

Remember Helium is the 2nd most abundant element in the universe, put is extremely rare within the earth's atmosphere.

I hope that helps.

LOTM

I do wish some people would do a little research.

The HE1 ticker for the USOTC (over the counter) market in the USA is HLOGF The stock is trade on a matched bargain basis that means it matches sellers & buyers , there are no 3rd party MM's involved.

If you don't get it then think of a limit order, you put in the price your willing to buy or sell X amount of stock, your order stays there unfilled until someone else is willing to partially or fully match your entered price.

LOTM

If Lorna had been a decent CEO she would have done the following.

Announced that HE1 would be fund raising soon for the following reasons XYZ (yesterday with the test results), so that everyone is aware a placing is coming.

This would have stopped the price spiking so much in the morning, but a placing would already be in the price & it wouldn't have been held back like it was all afternoon while the friends of the company etc were busy signing up for there cheap shares.

Next went to these "friends of the company" & said, we're really pleased with the result we got & we'd like you to back us by subscribing for shares at 2.5p a share - which might be a premium to the current market price at the end of trading Tuesday or not, but it will send a message to the market about the significance of this discovery. Here's our brokers updated valuation of it all.

That's what would have build her reputation & that of the company instead of trashing it.

Oh & for those that are thinking what if they turned round & said NO, then she turns round & says very well we'll do a public placing offer instead online. Just look at the daily volume the last few days, I'm sure a lot of our retail shareholders would be quite happy to have the opportunity to buy more shares at a fixed price.

LOTM

I've spent days here reading about how amazing the CEO is, well she isn't, she couldn't care less about the ordinary shareholders in the company.

A proper CEO would have said when announcing the well results that they would be raising money in the near-term to fund XYZ.

Instead she said nothing & then lets "normal investors" get burned at over 3p a share all the while ploting to sell 10% of the company at a ridiculous 30% discount to "friends of the company".

It won't surprise me to find out that the directors got themselves some more cheap shares in the process.

Totally unacceptable behavior - end of story.

Reputational damage to the company immense - but she won't care.

LOTM

Noble are currently trading at 12 - 12.5 cents, that's up 19% on yesterday's close with 5.8M shares changing hands already ( in LSE terms you need to double the volume because there is no market marker involved)

LOTM

Hi Silvertortoise,

As GMHK said the company carried out a very dilutive rights issue & the bears took full advantage of it.

They consolidated the "old shares" first of all (1 new share for every 20 old shares) & then the fully underwritten rights issue terms were 6 new shares for every 1 existing share at a price of £1.97

There should have been a very healthy margin for existing shareholders to get if they didn't take-up there nil-paid rights, but the bears & MM's wipe it all out basically.

LOTM

The best move the company could make right now would be to hold a Q&A session with Analyst's & Investors later this week.

So that they can explain to the investment community what they've found to date & the importance of the Hydrogen & Argon bi-products to the economics of the project etc.

GLA

LOTM

News,

That is totally misleading.

The vast majority of Helium recovered to date in the USA has been way of it being a bi-product of either natural gas production or CO2 production & its been recovered by the Cryogenic process, (something HE1 will not be doing).

HE concentrations in the 4 corners area of the USA can be as high as 8% but most of those fields were depleted in the 1960 - 80's (& yes helium recovery was the primary purpose of those wells)

LOTM

GoldGirl

Don't forget the Argon - its quite valuable to.

I also suspect there maybe tiny quantities of other Noble gases in there to & some will be in very small quantities but there value can be 1000x that of Helium.

LOTM

Given the gas mix & the Helium concentration, they will be able to use a modular PSA (Pressure swing absorption) plant to extract the Helium & other Noble Gases from the main gas stream rather than needing a Cryogen Plant.

For the record PSA plants work perfectly well for a gas stream with 2% Helium in it.

The 3 main gas company's will now be knocking at there door offering various types of contracts as they compete to get access to the Helium/Argon etc.

GLA

LOTM

I think people are overlooking some key information here.

Not only is there 4.7% Helium, there is also 1.5% Argon (another Noble Gas in there) it to is quite valuable.

It wouldn't surprise me if there are one or 2 other Noble gases in there as well. I can tell you from past research some of them even in 0.001% can be more valuable than Helium.

Good Luck All

LOTM

Hi Walkietalkie,

I can't comment on a trading range because at the moment I don't think one has been established yet. Once I think one is in place I'll let you know.

If your looking for current thought's then 140 to 160 would be my tentative number for now ( given GMHK believes 140 was a resistance level on the way up, it therefore would imply support on the way down but not at all convinced that's the case. I'd like to see it re-test the 140 mark, it didn't on Thursday or Friday).

GLA

LOTM

Good luck to those of you who stood firm.

My losses are now considerable, but I'm not chasing this.

I'll wait for a trading range to be established & decide from there

LOTM

I simply don't understand what drove the share price up 1st thing Monday & not GKP's - if it wasn't director buying which it clearly isn't given there's been no RNS to say so. Or why the buying continued through the day & then today it just drop's back as if nothing had happened basically.

The only other possible thought I had was it was something to do with the court case - maybe the KRG not even contesting it now, but no news has broken since to suggest that was the case.

As for APIKUR appealing to the US Government for help to get the pipeline restarted ( following last weeks meeting) suggests desperation is starting to set in for those IOC who aren't as fortunate as GENEL with regard to production & local sales & are just burning through cash day by day.

I'm not sure the Iraqi government will take too kindly to that sort of intervention given the political situation in the middle east & about to get worse once the USA responds to the weekend attack.

Not where we want to be that's for sure right now.

LOTM

Hi Elrathia,

Sorry I didn't see your post until now.

Good question!

Well the bid company has made 3 purchases for something like 355,000 shares & Impellam themselves have bought in over 45,000 shares. There are 2 or 3 insto's who have been mopping up stock in the background if you look at the holding announcement carefully.

I think PI's are avoiding it so far because its a complex offer & you don't get all of the cash at once, but quite frankly the 3 year loan note with 17% compound interest will be a fabulous asset to own etc.

The 2nd reason its unloved at the moment is the fact there's no firm dates as to when everything is happening, once there is I think the share price will reflect the offer more ( I don't think the share price will drop at all when it goes ex-dividend on 1st Feb for example).

3rd reason is no-one can tell you whether all the offer elements can be held within your ISA or SIPP ? which just confuses things further & makes it more of a hassle until people know all the facts.

Otherwise the discount is just plain crazy because its free money of £1.60+ if you own the stock at close of business on 31st Jan & just wait for it all to be paid out.

Good Luck

LOTM

That is something they really could have done without !

A credit downgrade below BBB grade is an ouch.

That just put up there cost of borrowing & mad it much harder for them to negotiate there bank lending facility.

LOTM

Hi GMHK,

There are 7 Brokers who will now be looking at there numbers & thinking of producing updated guidance for there clients. That will take at least a few days.

Who knows what they'll come up with.

Good luck with your decision.

LOTM

Just home,

Well the update isn't as bad as I feared it might be, so I'm the one landing in the poo.

Not going to hurry or chase getting back in. Going to give it a chance to settle 1st of all.

GLA

LOTM

Hi joseywales,

It might seem logical, but that doesn't mean it turns out to be the view the market takes!

We'll find out in the morning if I was right or wrong to sell out & take the massive hit.

I've got a price in mind, that I'll put a limit order in for.

Walkietalkie,

Yes only 1 of us can be right, one will land in the water the other sadly in the poo!

LOTM

Hi Moneymule888,

If you did as you said ie sold SYNT & went to HE1, then you lost a fortune, its as simple as that.

Has it got potential - Yes some, but that's as far as it goes.

I probably know more about Helium & forgotten it than you'll learn in the next year or 2. 20 years ago I was in contact with people at the forefront of the industry back then as well as the major gas company's, a working PSA facility etc that I was involved in trying to acquire, sadly things didn't materialise as we would have liked.

HE1 is a long way from a commercial discovery right now & one of the key factors will be the gas composition not just the HE content.

LOTM