Member Info for mdrake

Bank holiday next week so this week is going to be interesting. As for tree shakes, as I’ve said before - I have no issues picking up more apples and putting them in my own basket if people are selling off. This project has fantastic potential!

Sell, in 2 lots of 720,000 - seems to have gotten eaten up with buys quickly though.

There is also an updated Hannam report after the placing - also worth a read.

Source: http://www.helium-one.com/wp-content/uploads/2021/04/21-04-19-Hannam.pdf

Another update:

Drilling equipment has left Mozambique on route to #Tanzania

We will continue to fast-track the #HE1 development programme of our Rukwa project. Drilling equipment will be kept in the field to carry out appraisal work immediately following intended exploration success...

Source: https://twitter.com/Heliumone1/status/1386623194212225025

No need to delete your LSE account Persian, the fundamentals are there for the company so the rest should follow in due course for people who are invested for the long-term gains.

@dai2belts exactly - and that's the exciting thing about this whole thing - IF - Rukwa hits the numbers we all hope then there the other two regions actually seem more traditionally grounded in terms of seals to extra even more Helium.

It almost seems like they started with the riskier prospect of the 3 project locations. We could essentially see this go above and beyond £1 if all the stars align.

Thanks, Adrian87 - by the way, my name isn't GLA - that simply meant Good Luck All :-)

I would highly recommend looking up the experience of the drilling company and the people involved, notably: Ian Stalker, David Minchin, James Smith, and Principal Geologist Lorna Blaisse who has +13 years of Africa and North Sea experience; delivered successful exploration campaigns in Chad, Liberia and Uganda.

There is a slide about the board in the main HE1 presentation from November at around 15 mins 54 seconds:
Link: https://www.youtube.com/watch?v=NMNTd0HJ3vM&t=954s

Interview with Laura where she actually addresses some of the issues you mentioned also:
Link: https://www.youtube.com/watch?v=KKOXwTeg61s&t=3s

The drilling company Mitchell drilling international - offered to take equity for the 3rd drill and also do an extra optional 4th hole for equity - this is almost unheard of in recent times and shows confidence in the project.
Link: https://www.mitchelldrillinginternational.com/about/history

The good thing is that they totally have 3D seismic funded and coming after these initial exploration drills - that will give greater clarity going forward to target optimal helium locations.

Next week is going to be interesting - breaking past the all-time high of 14.60 and breaching 15pence + would be fantastic.

Thanks guys - I knew about mid may, I thought an actual date might of been communicated.

Where was the date disclosed Liquid?

As more and more people realize the potential of this opportunity I would not be surprised at all. Hopefully we all call look back when this thing is in the £1 + region and laugh about the days about trying to get it on a dip between 11 - 14 pence.

Doge2021 - you forgot to say "diamond hands baby"

I saw that too - I tried to pounce to get a quote around there but no luck.

Hi Adrian87

Having read all you wrote - your concerns are all very valid and totally something any of us invested should research into (if not already done).

The reason why my mind still strongly feels this project is worth the risk (for me personally) is because of the skillset and experience of the people behind it - from the board of directors to the CEO down to even the drilling company being used. There is a wealth of experience, research, and care being taken by HE1 I feel that negates a lot of those concerns for me.

Could there be dust in the first drill? sure, anything is possible! The question is, does the company have the means and skill to find a viable reservoir within Rukwa before moving onto the other two locations? I strongly feel like they do and hence why I have put my capital into it.

Obviously, if anyone does have strong hesitations then they should only invest whatever they won't lose sleep over if things don't go as planned initially. For me, the company seems like a once-in-a-lifetime opportunity and something I simply can not ignore but as always DYOR!

GLA

They can shake the tree all they want, I am happy to buy a few more apples that fall to add to the basket.

@TRSA - I believe it was 100 years at around 15 - 25% supply around the world (leaving a slice for other providers to work also) and around 20 years for total domination.

Nothing wrong with people at this level planning derisk strategies**

TRSA I wholeheartedly agree - Rukwa is just 1 or 3 projects for HE1 in the region.

If the price is well above £1 after all is said and done in Rukwa, your guess is as good as mine at the potential from the other locations. That being said, there is nothing with people at this level planning derisk strategies.

@Dai - it will be the Crux interview myself and others have posted before.

Here is the link either way: https://www.youtube.com/watch?v=jqU0GhmCEhM

@Deep - if most of the 100m placing shares have been forward sold already, then it wouldn't make much impact I assume?