Member Info for MCNol

The sun is shining, spring is here and news about the acceptance of the mining licence is imminent, life is good 📈🚀🎈

https://www.proactiveinvestors.co.uk/companies/news/1068409/helium-one-continues-to-reassure-as-galactica-project-advances-1068409.html#

HappyDazes is just excited that he managed to smuggle a phone into his cell today. I dread to think of how he did that? 🔌

BNL revenue due in 3 months. Not long now.

That is possibly the most ridiculous thing you have posted HappyDazes. The water is an asset and the power we can generate from it can provide our consumption needs for the plant.

5 minutes 10 million volume. If this keeps up we will see a good upside today 📈🎈🚀

1 minute 4.5 million volume 🚀

Https://www.energy-pedia.com/news/general/helium-one-drills-jackson-4-well-ti-td---free-gas-confirmed-199239

The Galactica project is on schedule to be cash generative at the end of H1

‘ Following the success of the extended well test, the Company has now flowed significant quantities of helium to surface’.

I wonder how much that will be worth to us?

Https://www.londonstockexchange.com/news-article/HE1/jackson-4-well-drilled-to-td-free-gas-confirmed/16953612

'Earlier this month, the company also said that it has received the offer of a

Mining Licence from the Tanzanian Mining Commission. The offer covers an

area of 480km2 in Southern Tanzania and would allow for the Southern Rukwa

Helium Project.to move ahead. However, the company is currently reviewing the terms and conditions attached. This is a positive sign and we would

anticipate that agreement on the terms of the Mining Licence and formal award

should be received in the near term.'

'Helium One is funded for all upcoming planned activity, with the Colorado

initial development phase fully funded. Initial production is anticipated after the

first six wells have been drilled, with production revenues (from sales of He

and CO2) sufficient to cover costs of further development activity'

'Helium One announced FY25 interim results, showing a net

loss of $(1.9m) (1H24 $(1.1m)) on zero revenue. Net cash at

Dec of $10.0m, following a placing during the period to raise

$8.2m. We would argue that the interim results numbers are

largely irrelevant, given the pre-production status of the

asset base, and the activity post period end. With the

Galactica Pegasus project in Colorado moving towards first

production by mid-2025, and the formal award of a Mining

Licence in Tanzania anticipated, the future looks bright. We

remain encouraged by the near-term outlook and reiterate

our BUY recommendation and TP of 3.6p'

New research Note:

Target price 3,6p

I wonder how much Helium has flowed to the surface since the EWT, a lot I expect. that will be cash in the bank as well.

We should get an analysts note on the back of this as well, that and confirmation of intention to progress Rukwa will boost the share price 📈

They are talking about Rukwa as if they fully intend to start drilling as they expected so ML acceptance is a given at this point. 🍾🎈🚀📈

And we have yet to hear what they intend to do at Tai this season…

I like this bit too. We are still on track with Galactica.

‘ The initial wells are expected to be on stream and producing by the end of H1 2025 and an independent third-party competent person's report indicates that an average of approximately US$2 million per annum will accrue to the Company over a period of five years.’

Will that be the only RNS, came 1 day early as well. It does explain why our CEO has been in the US for so long as well. Got to sign those JV agreements so we can get started at the end of the Masika.

‘We now have a portfolio containing two development opportunities in two jurisdictions which diversifies the risk profile of the Company and provides us with the opportunity, in Colorado, to realise near term revenue streams which will support our future investment requirements across the portfolio.’