Member Info for MCNol

QED...

While they were given "free" shares, the bulk of their potential wealth (the 115 million options) is currently worth zero. They only make a profit on those if the share price goes above 1p...

Whether the CEO makes £275k or £2M is secondary to the fact that for her to get that money, the share price must go up. You can't have a management windfall without a rising share price, which is exactly what shareholders in the red need to see...

Cue the Trolls who have just got out of bed to impart their wisdom...

Then you should know how this works....

The Board will use these LTIP awards as their own protection. They won't recommend a deal to shareholders unless it pays out their awards at a price they like (e.g., 3p+)...

Nice try tho...

...and before you point out that they are BVI registered and do not have to comply with the UK Takeover code I will point out that because the Takeover Code doesn't apply automatically, HE1 has voluntarily written "mirror provisions" into its Articles of Association....

UK Takeover Code - Rule 15

This requires that if an acquirer makes an offer for the company, they must also make an "appropriate offer" to the holders of options and LTIP awards...

The acquirer cannot simply ignore management’s 155M+ shares. They must offer to buy them out or convert them into shares of the new company. This is the legal trigger that allows management to cash in early...

In simple terms, the Board now has two ways to get rich, and both require the share price to go up..

Sell the company at a massive premium (3p+) and vest everything instantly...

Or, build a massive helium producer so that in 3 years as the shares they've been promised are worth millions....

@CrustyPete, your argument that LTIPs delay a buyout by 36 months is technically flawed. Under standard AIM corporate governance, a Change of Control event triggers an acceleration of vesting, allowing management to participate in a sale immediately.

Furthermore, since these awards are satisfied via the Employee Benefit Trust, they do not represent "new" dilution to a potential acquirer...

The facts suggest that management is now more aligned with a high-premium exit (3p+) than ever before, as a sale would trigger an immediate and significant personal windfall, regardless of the nominal three-year term...

By locking these awards until April 2029, the board is signalling that the primary value-realisation events, such as sustained production from Southern Rukwa and the Galactica-Pegasus project, are viewed as multi-year targets. This suggests management is not positioning for a short-term exit, but rather for a sustained vertical expansion of the enterprise value....

...and remember, they gain significantly more value from a buyout at 1.5p or 2p than they do at current levels as a result of these options, which provides a level of protection for us against a cheap opportunistic takeover...

If you pay peanuts you get monkeys...

It is critical to distinguish between liquid holdings and vested awards. Today's grant of 94.4 million shares is subject to a three-year vesting period. Management cannot realise this "windfall" immediately; they are effectively locked in until at least April 2029, ensuring their compensation is tied to the successful transition from appraisal to sustained helium production...

The market will view the 3-year vesting period as a sign of institutional stability and management confidence as the company advances the Itumbula-Tai complex appraisal...

Critically, these awards will be satisfied by shares already held in the Helium One Employee Benefit Trust. This means there is no immediate issuance of "new" shares into the market, and therefore no immediate dilution of the current share count...

By tying a portion of executive compensation to share performance over a minimum three-year vesting period, the company incentivises the leadership team to focus on the sustained vertical expansion of the share price rather than short-term fluctuations...

Its a good sign for the longevity of the project and future expectations as to MCAP appreciation and therefore a good sign for us...

If we get bought out these valuations will play their part, if not the sky is the limit for MCAP...

Lorna's commentary acts as a strong professional signal to Tier-1 partners that the Strategic Farm out process is occurring against a backdrop of shrinking global supply, significantly enhancing the scarcity value of the company's 480 km² Mining Licence.

Furthermore, it reinforces the geographic advantage of the company’s dual-hub strategy between Tanzania and Colorado, positioning Helium One as a reliable, de-risked solution to the global supply crunch and providing a clear, value-accretive narrative for shareholders as the company transitions from exploration to production...

The Washington Post article focuses on the security of the supply chain. Lorna's interaction with this content reinforces the stability of Tanzania as a jurisdiction compared to other volatile regions mentioned in global helium reports...

As the company moves from the ESP technical success toward first production,Lorna is aligning HE1 with the Western "security of supply" agenda...

@Noswej, It looks like you Troll @Alan55 across several boards, says more about you than you would want.

Lorna Blaisse’s commentary on the "Sudden Scramble for Helium" article, which discusses the tightening global supply and the geopolitical shift toward primary (non-hydrocarbon) helium, serves as a strategic signal to the market regarding the positioning of Helium One...

The article highlights a global scramble for helium sources that are not tied to natural gas production (which is vulnerable to energy market fluctuations and geopolitical conflict). By amplifying this, LornA is reinforcing that HE1’s Southern Rukwa project is a "pure play" asset...

Commenting on a "scramble for helium" is a deliberate move during the ongoing Strategic Farmout process...

By highlighting the supply crunch, Lorna is increasing the scarcity value of the Southern Rukwa Mining Licence. It serves as a public nudge to potential partners that the window to secure a significant stake in a de-risked, high-concentration primary source is closing...

Market Positioning: It positions HE1 not as a company "looking for a deal," but as a company holding a "scarce commodity" that the Tier-1 players are currently scrambling to find.

For those who do not subscribe to WP this is what she stated in the article...

"The transition to 24/7 operations marks a pivotal moment for our US joint venture. With the first helium sales price now secured and the commissioning phase nearing completion, we are positioned to provide a much-needed alternative supply source to a global market currently facing significant volatility due to the geopolitical constraints at Ras Laffan."

and

"Following the delivery of our independent CPR, which confirmed the substantial scale of our contingent resources, we have officially opened the data room for a strategic partner. Our goal is to secure an industry-led farm out that allows us to aggressively accelerate the appraisal and development of the Itumbula-Tai complex while preserving our existing cash reserves for production-ready milestones."

@Bobbybagger, it is a singular, almost impressive feat to navigate the world with a sense of superiority that remains entirely unencumbered by competence.

While you mistake the polite silence of this chat board for humble acquiescence, you fail to realise that you have become a living caricature, a cautionary tale of the Dunning-Kruger effect in its most stagnant form.

There is a profound, albeit pathetic, irony in watching someone demand a seat at a table they aren't even qualified to clean, blissfully unaware that the laughter following you out of every room isn't shared with you..

****** tropes now @bobbybagger, your true colours are showing

@BobbyBagger, this statement is a high-velocity injection of misinformation, relying on factual inaccuracies and emotive geopolitical tropes that are easily dismantled as I shall now demonstrate...

As of January 2026, Quantum Helium (QHE) has approximately 33.32 Billion shares in issue. If you are concerned about "the building being empty," the sheer scale of the QHE float suggests a massive distribution of equity...

Helium One holds 100% of its flagship Southern Rukwa Mining Licence. The "fifty-fifty" reference stupidly confuses HE1's 50% Working Interest in the Colorado Galactica-Pegasus Project (which is a joint venture to share development costs and reach early revenue) with its primary Tanzanian assets, which it owns in their entirety...

Tanzania remains one of the most stable jurisdictions in the East African Rift. Tanzania has just successfully awarded its first major helium mining licence to HE1 and is proceeding with regular parliamentary activities...

Your statement that Blue Star Helium is "not interested" in Rukwa shows a lack fundamental business knowledge...

BNL and HE1 are partners in the Colorado development. BNL is an Australian-listed entity focused on its own North American "Las Animas" acreage...

It is a professional standard that partners do not "jump projects" unless there is a formal merger. BNL’s focus on Colorado does not signal "disinterest" in Rukwa; it reflects the Sector Isolation required for separate corporate mandates. Furthermore, Trent Spry’s recent buying in BNL (January 2026) actually signals confidence in the joint Colorado project that HE1 is currently monetising...

Please do some research before trying to pull the wool over genuine investors eyes. We are invested in HE1 for a reason. (plus a poor effort to cross ramp QHE...).