Wrong link! Try this one if interested
https://nextinvestors.com/articles/a-globally-significant-helium-discovery-bigger-than-anyone-expected/
This makes for an uplifting read.
Yes, it’s from a declared investor in Noble and is full of normal and appropriate caveats, but it sets out the bull case nicely.
https://nextinvestors.com/quick-takes/noble-helium-finishes-seismic-does-deal-with-helium-one/
Just for anyone interested
https://www.bbc.co.uk/news/business-67541581
We’re expecting our results next week.
Noble put an announcement out on 18/1 saying they expect their lab results “within the next 2 weeks”.
Given we’re in the same basin it seems to me that the results for one could well be of interest to the other, and here it appears results from both could coincide.
I am a geological novice, but I found this abstract (from a paper co authored by people involved with both us and Noble) interesting, particularly given the high levels of hydrogen we found in the top of the basin, and the free gas Noble found.
https://www.nature.com/articles/s41586-022-05659-0
If I reading it right it says that in
If the results are great then I’m not worried about future raises. We either won’t need one because a third party steps in and takes over, or we raise to capitalise on a proven resource and multiply company value. Both, even allowing for dilution in the latter, would benefit shareholders.
New here and still reading up, but I found this useful so other newbies might too.
https://www.helium-one.com/wp-content/uploads/2023/02/21-08-11-Hannam.pdf
It’s all interesting but iro 5085’s posts, I thought this bit especially so;
“There needs to be a thermal release of the helium produced in ancient deep crust and in Rukwa this is caused by the by the crust ripping apart due to a mantle plume…..This is exceedingly rare, which is why it is unusual to find large primary helium deposits globally.”
So the raise in temperature looks one great indicator to me, along with all the others.
Not without risk, but I’m in for what could well be a globally significant helium find.
I don’t think the increase in debt is surprising given interest is rolling up. This was the bit I didn’t like though…
“Current production, having improved from low historical levels, is still not at the level we would like.”
Doesn’t suggest to me that the Q4 results will be great.
Nope. “PGM” is not a company - it stands for Platinum Group Metals. We have not signed a deal “with” PGM, but with a Swiss company who has PGM and who wants Vast to represent it by marketing and distributing it for them.
PGM is mined in Zim, but the relevant RNS confirmed the PGM we are marketing and distributing for the Swiss company was produced in the EU.
Can anything be read into the timings of news and the timings of when placing shares hit the market?
Ie
2 x Good news releases, then...
Raise off the back of that news, but with only some of the shares hitting the market in Jan, then...
We can expect interims and possibly BP and other news all tomorrow, then...
The rest of the placing shares hit the market...
Now I’m confused ASI!
You replied to mine saying the diamond royalty rate was 20% (half payable in cash), but to Zac saying the royalty rate is 10%?
This would seem to me to confirm it’s 10% total rate, half paid in cash?
https://www.miningweekly.com/article/zimbabwes-new-mineral-royalty-policy-comes-into-force-2022-11-08
Two things for me stood out iro the diamonds
1. It’s been made clear that part of the raise is to be allocated to costs associated with their recovery.
2. AP said in the interview that he had expected the matter to be closed out before Christmas.
Both of these suggest to me that AP believes the recovery to be close. Whether or not that belief is justified or whether it’s naive remains to be seen.
Of course, AP could just be fibbing, but I don’t think so. Maybe that’s just me being naive.
My bet is that the diamonds are closer than ever before. Unfortunately, I also think that when they come their value will be much lower than some hope for.