Member Info for mdrake

@obstando @JWILL

The second drill was mentioned in a Proactive article that the official HE1 Twitter shared.

Shared Tweet from the official Twitter account:

https://twitter.com/Heliumone1/status/1681991327896961025?s=20

I usually look up discussions based on thread titles and some fantastic information/discussions have been getting lost in vaguely titled threads so creating some with relevant titles for potentially better-focused discussions.

The potential for a second well was mentioned in a recent article from Proactive and again by Share Talk.

From the Proactive article:

"The company is fully funded for the planned well, following a £10mln fundraise in December last year, and there may even be enough for a second well, depending on outcomes."

Links to both:

Proactive:

https://www.proactiveinvestors.co.uk/companies/news/1021239/helium-one-will-shortly-be-drilling-at-rukwa-and-this-time-with-its-own-specialist-rig-1021239.html

Share Talk:

https://www.share-talk.com/drilling-of-tai-prospect-in-rukwa-basin-tanzania-on-track-for-3q-2023-following-the-acquisition-of-epiroc-predator-220-drilling-rig/

If all current interviews were done last week then provided there have been no issues I’d anticipate the rig is on site now.

When and how they inform us of that is debatable, it could be a simple tweet or could be an RNS after they have carried out all checks to ensure it is still in good working order.

I personally am leaning towards a tweet and maybe some additional interviews but we shall see.

Also worth considering that Lorna has a totally different way of doing PR/comms to David Minchin - for better or worse.

Could we do with more PR? Potentially.

I personally like that everything Lorna said thus far (even during DMs time as CEO) has had substance behind it, I couldn’t say that has always been the case with DM.

In any case, if you are invested here for the fundamentals of the prospect then everything is sounding great so far. Ultimately it will still come down to them discovering Helium that is viable for the market.

What are you referring to ProfitJock?

Do you have NHE’s rig confused with HE1’s?

A bit of context would be appreciated

All good Coco, do your thing o7

Obviously nothing is ever a dead cert, especially not on AIM even when people swear blindly to it (anyone remember Leslie and ADV lol!)

However, HE1 is in a very unique situation this time since they own their own rig so even in the event of a failure (worst case situation) they can still course correct and keep going until a discovery is found.

Doing multiple drills won’t be free and they might need to raise capital at some point and the SP would also obviously take a hit but it wouldn’t be 2 years like a lot of us have been waiting for since 2021!!

Each drill would only educate them further on where to hit next also so I personally see this as a WHEN they make discovery and not IF.

It could be this hole in September or it could be 10 holes down the road - only time will tell. All I can do is plan accordingly and try to reduce my risk when possible so that I still have skin in the game when that discovery is finally made.

All IMHO of course, always DYOR!!

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If the Zak interview was on Friday like a few of us assume then yeah, Wed - Friday we should get some PR, maybe an RNS to let us know the rig has reached there.

Pad work should be done by mid-August which means we are looking at approx 6 weeks of build up time before September hits which should be plenty for PR/Sentiment to get things moving.

Link to the Tweet ou mentioned: https://twitter.com/Heliumone1/status/1681229164387368960?s=20

Link to the Daily Mail article: https://www.dailymail.co.uk/money/investing/article-12307541/SMALL-CAP-IDEA-Lassonde-Curve-predict-future-behaviour-mining-stocks.html

Good to hear more from Lorna, fantastic interview.

https://zakstraderscafe.com/lorna-blaisse-ceo-helium-one/7348/

Should be an interesting week for sure!

Anything above 10.5 - 11p by end of week would be great (without any RNS/news)

And if Lorna drops an RNS for one of the things mentioned? Then get ready for another blast off!!

All IMO, DYOR etc

I can’t remember who said it but a read a comment on here where someone said “I hope they are already drilling and drop and RNS on Monday saying they made a discovery”

Lol

I wouldn’t worry bench, will be plenty of opportunity to jump on the HE train as the SP won’t go up in a straight line.

Unless of course Lorna has another rocket RNS planned to launch on Monday…

Exciting times either way!

@deep100

The weight behind us acquiring our own rig is monumental and changes our situation substantially from the first time we attempted a drill with David Minchin, so I wouldn't exactly say there has been no news.

Will we finally get our discovery in September and in doing so also vindicate David Minchin who seemed dead certain it was there? we shall see!!

Naturally, everyone will have their own plan/strategy to derisk etc due to how things went on the first drill but even in a worst-case situation the company as a whole is extremely well positioned to course correct until a discovery is found.

I don't mind lack of news either as long when news does land it's substantial - this is exactly what Lorna said she would be doing and so far has done.

I like many others see the SP reaching around 20p + prior to the drill - even more if sentiment is strong enough.

all IMO of course, DYOR etc.

Looks like we actually closed at 9.96p so I fully expect this to once again break 10p again on Monday (just I anticipated it would today at some point).

The question really is how far sentiment will carry the SP prior to the next positive RNS since that should launch it even more.

Either way its an exciting time, especially for alot of us LTHs.

Quoted 9.9p on HL - tested with a single share, otherwise the size freezes ;p

The momentum is there and this time we have our own rig so its far better situated than the first time around with DM.

I think 12p - 13p is a bit optimistic for tomorrow just based off the general fluctuations of the SP but I can see us breaking past 10p tomorrow.

Not concerned however, it will be one to watch on the next positive RNS and we have PLENTY of positive news yet to arrive. I wouldn’t be surprised if we get an RNS to let us know the rig has reached site.

Lorna has been conservative compared to DM, she seems to be letting action doing the work rather than talk (nothing against DM, I liked him).

All my opinion, DYOR etc

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Yes Dai, I hope he is well and enjoying life also.

His posts and insights were always a great read.

I wonder if we will also see DeepSeaDiver appear, he was one of the first investors here and had a sizable position (for those who remember).

No FOMO for alot of us LTHs however since we already know the potential here.

IMO if you are worried about sells at this stage (off the back of fantastic news/RNS) then to do your research on the company and asset.

I don't mean that in a disrespectful way, it's just to realise the potential for growth we have even prior to the SPUD and know our path upwards wont be a linear one SP wise.

As many have said, this is a very different situation now from DM's era since we own the drill so even in the event of failure, we can still go again at minimal cost as opposed to contracting/renting another rig.

DYOR etc etc

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