Member Info for miker444

A-Bomb, at the AGM I asked A Hamilton if he could give an approximate % of the deal between Georgina and the Off-Taker, more aligned to a 50/50 split as irrespective to whatever the price of helium can be attained.

I didn't think for one second that even if A H knew the answer to the question that he would divulge it and I was correct.

However, he did say that the criteria for the % split, my words, would be down to the volume of mcf flow rates, the concentration of the gases i.e 6% helium, 9% helium etc and of course the market price of Helium, Hydrogen, Nat Gas at the time. There were a couple of other factors he threw in but can't recall those but he provided a lengthy response that more than 1 factor dictates the final signed deal.

atb.

Benny's stage of life is at the Crossroads...

Bumboo not Bumboy

Bumboy has only posted on Gex & MAT'D so same person, new account.

Bumboo what is your point?

With the upgrades of both Hussar & MT Winter the volumes come in at nearly 400bcf He, 400+bcf Hy and 4.25Tcf Nat Gas, a combined valuation of $280 bn and that is with Helium prices at just $335, current price $700 - $1000 m/cft.

Even a low estimate gives us over a Quarter of a $Trillion. Just let that sink in.

Oak Securities Broker gives an SP range from $17.95 - ($321 Best Case).

I can answer that Hexam, sorry Sell on Spikes, same wording and narrative but it doesn't matter. I stated many times, as you know that my posts were on a successful case scenario. We reached 3.85p just over 2 years ago on intention and potential alone. That is a multiple of over 10 x from where we are now with an NDA with a Leading Asic Manufacturer. The results might get us a deal they might not.

But I state again IF we get a deal with a Major Crypto Company we will smash past 3.85p, so yes I stand by every word.

Even you Hexam stated 10p if a deal is done, you said you thought a deal would not happen, just like Sell on Spikes post this morning, but if one does you said 10p, albeit changed it to 2p in that post.

So a deal with a Leading Manufacturer will get us just over 50% from where we were a while ago on nothing but potential and hope, hmm...

Do you know Hexam, sorry S.O.S, some people are that stupid they actually thought the rig supplied by the Leading Asic Manufacturer was a cardboard box painted black! Can you imagine how stupid some people are?

Inforapenny, it doesn't even need any state of the art technology, all that is required is when an investor / trader at the time of dealing clicks the buy button it shows as a BUY, when they push the sell button it shows as a SELL irrespective of bid / ask / mid price, this capability could have been done 30 - 40 years ago. It's done for a reason mate i.e allows the market makers to manipulate, for those that disagree just look at big trades held back from being released on to the system for a good few hours to time it so they are 'affected' by the price at the time of releasing not the actual trade time.

It won't matter soon mate.

IfIknow, I brought the question up about how will the Off-Taker transport the gases, I had an inkling anyway, A Hamilton confirmed that a 'mobile storage and separation unit' will be brough to site. These units cost approx $25m but can be leased. They will have to 'liquify' the helium and hydrogen to be able to tanker it to Darwin, or wherever, as you and I both know in inert gas form, due to the molecules being so small, it will dissipate through the tanker shell.

Further down the line if they want to build pipeline infrastructures etc then so be it but I think 60 tankers a day will suffice!

Janiax, excellent post, particularly if they don't get the sells either way, then they have to move it up otherwise no one will be able to buy, catch 22 for the mm's.

It will be blue in a minute? What's going on?

2.9+ TRILLION cu/ft of Nat Gas. That alone would cause majors to invest in drilling. Current gas price equates to $5bn per Trillion cu/ft. That's $15 bn without even taking in to account nearly 300bcf each of Helium and Hydrogen.

If it's all there this will go banana's.

Wet Dream 😁

The pressure below the sub-salt layer is expected to be a minimum of 6,000 psi possibly more. To put that in to perspective if you put 1 square inch of the gas on weighing scales it would send the dial to 3 tonnes, that is the amount of pressure that little inch of gas would make it weigh.

So, with that pressure, I would expect the helium to flow to surface, and then some!

A Hamilton has sourced a BOP Valve capable of 10,000 - 12,000 psi to avoid being at the limit of safety. The greater the pressure the higher the mcf flow volume also, obviously.

One of the drills in Australia, same geological strata, had to be abandoned and capped off as the pressure was too great for the BOP Valve that had been put in place, the term used was 'over pressure'.

Georgina will not make the same mistake and what a lovely problem that would be to have to sort out.

I wonder if Schlumberger, the largest Global Oil & Gas Services Company bar none, Founded exactly 100 years ago in 1926, would be capable of coping with something like that? hmm...

😁

Current Helium prices are circa $700 for negotiated contracts. For 'spot prices' i.e diver it tomorrow the cost ranges from$1,000 - $1,500. The Oak Securities Broker Note.

With 30% of the World's Helium production disrupted for a few years due to Qatar's refineries being obliterated by Iranian bombing it is unlikely the price fall below $700.

The Oak Securities Broker Note gives the Net Asset Valuation (NAV) based on Helium price of $335, less than 50% of current cost to buy (as above).

Therefore, it is only correct to assume we can double the NAV and the sp prediction of $17.95 in a successful case scenario.

And I will repeat that is in a successful drill and Helium flowing to surface.

If that happens, when speaking to Mark Wallace at the AGM, I stated most Companies Dividend Yield is between 3% - 5% and would he (Mark W) expect to match or better those Yield figures?

With a total Capex of just $85 he intimated there is a lot of room to have an enhanced Dividend figure due to that, but obviously couldn't give a direct price at this stage.

He did state it would also depend on the flow volumes / deal agreed with Off - Taker of the amount Gex will receive.

Even if the Broker Note is correct at only $335, not $700+, then a 3% - 5% Yield will see a Dividend in the region of $0.50 and $0.90. That's approx 35p - 70p Dividend per share.

Even if you only hold 100K shares, you could still see an Annual amount of between £35k - £50k hit your bank account.#

Yes, this is in a successful scenario, but imagine if they do have what they think is down there, just a few £k now, will get you 100k shares, (£5,900) in fact.

These prices will not be around for much longer, even by the end of next week, which I suspect we will be in double figures, sp wise, even with only 4 days trading. Roll on Tuesday.

atb.

I mean up from 5.9 that's showing on here, not on the day.

6.2p on Halifax

Reg I actually was about to post I think we will get an update next week about MT Winter, irrespective of the equity share issue.

A steady stream of news about to be released before drill turns, which is not far away considering we have only 5 - 6 weeks left of Q2.

Each update should see a higher base level of sp, imo.

atb.

Buy in higher not 'but'.

Well those that panic sold on the RNS will, unless the wheel falls off, have to now but in higher, there will be ups and downs in sp movement but the general trajectory is a diagonal line from bottom left to top right.

SP will be several £££'s if we hit helium that flows to surface, we can't not with only 170m shares in issue and an Asset (NAV) of $60bn+ and that priced in at just $335 m/cf.