Member Info for Muck165

Well, it’s still early Feb, he’s tweeted to say it’s all on track, and for my money he’ll want this in place and complete before the GM next week.

It’s all because it’s a “difficult jurisdiction” Sandy, or so AP repeatedly trots out….🤔

Things haven’t really changed for me - it’s a pure risk reward play and at these low levels the potential rewards significantly outweigh the risk as long as you only invest what you’re fully prepared to wave goodbye to.

No comfort to those with much higher averages I know.

Yep, underwhelming. But to be honest he pretty much signposted it with comments in the interims and subsequent interviews, so will be interesting to see how much “disappointment” is already priced in.

Link for those interested

https://www.youtube.com/watch?v=FmCEsowGRfE

Exactly Chumba! Any raise will be for positive reasons.

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

Exactly. Both are expecting news to be good and that could multiply interest in, and value of both.

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.

You too mate!

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 I understand correctly though, we are in a shallower part of the basin meaning that we have been able to drill/explore all 4 levels whilst, so far, they've only done the top 2.

Who knows what tomorrow will bring, but I’m expecting the RNS next week, a shake in the morning, and then the rattle and roll as we move through the afternoon session and into close.

I’d add that any future placing discount would surely be much much lower if we can (shortly) prove the kind of find we think we have.

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.