Member Info for mdrake

It certainly helps that the board and key members of the staff (such as Lorna) have experience of working in the region/with the government. Looking forward to more straight talking and shooting from DM on the 6 th!

We have been pleased to update the market on our recent #HE1 progress at our Rukwa Project in Tanzania with drilling rig and equipment now mobilised.

Here, is a short video of a recent rig inspection... (view on Twitter)

Source: https://twitter.com/Heliumone1/status/1388063171097792513?s=20

Buying or selling seems fine for me on Hargreaves Lansdown - just did a little test and was quoted

Signed up and ready to roll!

Once you sign up you can actually watch the previous Investor Meeting David had on that platform (which I have not seen before) and also see the questions asked and his replies - I HIGHLY urge people to watch/listen to them.

If anything, it just cements why David is such a force of nature for the whole project.

TwoHearts haha - I am always down to try some new crisp. If the exploration is a hit then I may even look for some to try out!

@TwoHearts Enough for the processing plant and a vending machine of Walkers Crisp at 70p placing.

Honestly, I have stopped trying to guess anything in the conventional sense. Charts will help to an extent and I often look at DME for potential but HE1 seems to be on its own path and I am just enjoying the ride now that I have invested as much as I could.

Desert Mountain Energy went from around 38 cent to 4 dollars off initial drills being good.

HE1 has an actual resource (DME does not) and the potential for higher-grade helium. Rukwa is 1 of 3 project areas!! The sky is literally the limit!

@Stewartyboy - as soon as I saw that RNS, my limit buy for 16.50 was cancelled and I topped up again at whatever the price was as that was the dip for today :-)

I can't really speak on other mining companies as this is my first, it's actually the one of its kind (Primary Helium) on the LSE, whereas there seem to be multiples of all other types of mining companies on AIM (gold, copper, oil etc etc).

The two main other AIM companies I have had fantastic success with however are both clothing companies - namely BooHoo and ASOS - seeing 100% + returns with both. AIM is notorious for being risky but in my opinion all investing, regardless of what market the stock sits in has its fair share of risks so I usually try to look at the company and people behind it instead.

I am sure there are many more experienced people who can chime in though, I only joined this board due to HE1 and wanting to take part in the discussions. Some of the other boards have way more volatile people posting and not something I want to be a part of.

Well, I just put a limit buy order for 16.50p - nothing major, if it happens then cool - if not then it's all good, I have a fairly sizable chunk as it is.

I am always waiting on a sensible dip to add more to my position - I haven't sold a single share since I have been accumulating in multiple tranches now.

I have broke all the rules with stock but I do have faith in the company, the fundamentals and the potential here that its worth the risk for me personally.

That dip got eaten up like what I can only describe as putting cookies in front of the cookie monster!

Amazing to think that this is still early days yet. If that first exploration drill (out of 9) is a hit then buckle in a very exciting journey.

Hi Adrian87,

That document you are looking at is from November of last year - HE1 is doing new infill 2D across the prospects before the exploration drills to be followed by appraisal and 3D seismic projects after.
The diagrams in the document are from the previous seismic images that HE1 reprocessed to use alongside their own new up-to-date seismic program.

All this has also been mentioned by the CEO multiple times via regular updates.

So actually everything you thought they should be doing, they are!

Reposting to get more exposure as it has solid points to consider while tree shaking:

I found a good post on the Helium One Reddit page I thought id share. Obviously seeing as it is Reddit, make your own educated assessment of what is being written.

Below is quoted from the post for those who don't wish to go to Reddit:

As you may know in May 2021:

- HeliumOne are conducting drilling. If successful they will be able to confirm 18bcf out of the potential 138bcf reservoir.

- If HeliumOne find this 18bcf Hannam and Partners values HeliumOne's market cap at £528mn with a share price of £0.88 (This is the £1.04 Un-risked NAV which has since been updated due to dilution)

- This 18bcf will have a value of £550mn if HeliumOne sell it at a 14% discount to current Helium prices according to Hannam and Partners.

- Therefore we can work out the value of the full 138bcf if Helium prices stay the same. This is simply done by finding how much larger the 138 bcf is. 138bcf/18bcf = 7.66x larger. Then we multiply £550mn by 7.66. This tells us the 138bcf (full reservoir) should have a value of around £4213mn if Helium prices stay the same.

Future Value:

- I took a conservative estimate that HeliumOne only find 50% of the 138bcf estimate. This leaves HeliumOne with a 69bcf reservoir of HeliumOne.

- I then found the value of this 69bcf reservoir = £4231/2 = £2106.5 mn

- I then further assumed the market cap of HeliumOne was equal to the value of the prospect (£2106.5mn) much like Hannam and Partners did when generating the £0.88 target.

- Therefore, I let market cap = £2000mn. We know the current number of shares is 600mn.

- Share Price = Market Cap/ Number of Shares - Therefore if HeliumOne confirms half of their estimated reservoir (69bcf) we could expect a share price of £3.33. This assumes Helium prices stay the same.

Dilution:

- Personally, I think it would be naive to expect no more dilution from HeliumOne therefore I wanted to see the effects of dilution on this estimated share price of £3.33:

- With 700mn shares (an extra 100mn shares diluted) - SP = £2.86

- With 800mn shares (an extra 200mn diluted) - SP = £2.50

- With 900mn shares (an extra 300mn diluted) - SP = £2.22

- With 1bn shares (an extra 400mn diluted) - SP = £2.00

Summary:

- Even if HeliumOne don't find the massive 138 bcf reservoir, there is still massive amounts of money to be made, even taking dilution into account.

Source: https://www.reddit.com/r/HeliumOne/comments/mz2ird/what_if_heliumone_dont_find_the_full_138bcf/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

13.47p ??? Got room for any more of us in that Delorean?

I found a good post on the Helium One Reddit page I thought id share. Obviously seeing as it is Reddit, make your own educated assessment of what is being written.

Below is quoted from the post for those who don't wish to go to Reddit:

As you may know in May 2021:

- HeliumOne are conducting drilling. If successful they will be able to confirm 18bcf out of the potential 138bcf reservoir.

- If HeliumOne find this 18bcf Hannam and Partners values HeliumOne's market cap at £528mn with a share price of £0.88 (This is the £1.04 Un-risked NAV which has since been updated due to dilution)

- This 18bcf will have a value of £550mn if HeliumOne sell it at a 14% discount to current Helium prices according to Hannam and Partners.

- Therefore we can work out the value of the full 138bcf if Helium prices stay the same. This is simply done by finding how much larger the 138 bcf is. 138bcf/18bcf = 7.66x larger. Then we multiply £550mn by 7.66. This tells us the 138bcf (full reservoir) should have a value of around £4213mn if Helium prices stay the same.

Future Value:

- I took a conservative estimate that HeliumOne only find 50% of the 138bcf estimate. This leaves HeliumOne with a 69bcf reservoir of HeliumOne.

- I then found the value of this 69bcf reservoir = £4231/2 = £2106.5 mn

- I then further assumed the market cap of HeliumOne was equal to the value of the prospect (£2106.5mn) much like Hannam and Partners did when generating the £0.88 target.

- Therefore, I let market cap = £2000mn. We know the current number of shares is 600mn.

- Share Price = Market Cap/ Number of Shares - Therefore if HeliumOne confirms half of their estimated reservoir (69bcf) we could expect a share price of £3.33. This assumes Helium prices stay the same.

Dilution:

- Personally, I think it would be naive to expect no more dilution from HeliumOne therefore I wanted to see the effects of dilution on this estimated share price of £3.33:

- With 700mn shares (an extra 100mn shares diluted) - SP = £2.86

- With 800mn shares (an extra 200mn diluted) - SP = £2.50

- With 900mn shares (an extra 300mn diluted) - SP = £2.22

- With 1bn shares (an extra 400mn diluted) - SP = £2.00

Summary:

- Even if HeliumOne don't find the massive 138 bcf reservoir, there is still massive amounts of money to be made, even taking dilution into account.

Source: https://www.reddit.com/r/HeliumOne/comments/mz2ird/what_if_heliumone_dont_find_the_full_138bcf/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

St.JohnSmyer, if investors "dump" the stock due to a solid incline/spike then investors who are looking for dips will simply have a chance to pounce and you will get your breathing space.

Good luck though if you are searching for a significant drop back to 13-14p!

Yup and also keep in mind that all exploration drills, appraisal drills, and 3D seismic are funded in total - DM is doing an excellent job so far imo.

SeagullsFan, If there is a tree shake then you will have your chance to pick up some apples.

On a side note, others have gambled trying to get a dip and ended up buying higher than originally planned, so if you're feeling strong about the long-term destination then is waiting wise?

As always though, DYOR.