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In the thread, Jub Capital thinks there were SHORTS opened. So, there was a squeeze.

Link: https://twitter.com/JubCapital/status/1752248720329158840 Jub Capital LLC [verified] dated 10.1.24

MORAL OF THE STORY:

Read the Helium One RNS, 25.1.24 relating to Itumbua, Rukwa, Tanzania. It jumped from 0 . 1 9 p [the day before's closing price] to 0.32p. If anyone jumped in, they would have been in a great place. FRI, 2 FEB 2024, HE1 share price CLOSED AT 1.3p [hit 2.2/4p a day or so earlier].

NOBLE HELIUM, AUSTRALIA

They are the neighbours to Helium One in Rukwa. WILL SHAUN , CHAIRMAN OF NOBLE MENTIONED HE1 AT AN ENERGY FORUM where the Minister of Mines gave the keynote? WHY WAS THE ONLY QUESTION OR 2 BE ABOUT HYDROGEN?

I sense Shaun was rather constrained as he said NO , Noble does not have HYDROGEN.

NAYSAYERS

Tons of financial investors [professional ] attended and MST wrote the broker note for Noble.

----------------------HISTORY OF HE 1: CANT BE CHANGED, JUB CAPITAL LLC HAS WRITTEN THEIR C.V------

Sun, 4 Feb 2024. ANYONE SEEN 10X IN 4 SESSIONS?

IMPORTANT TO NOTE:

Shaun, Chairman of Noble at the MST Financial Energy Mining Forum on 2/2/24 stated "ELEVATED SHOWS."

From recall, this is the 1st time he mentioned it.

I DECIDED TO CHECK NOBLE ANNS:

I have just been to check the Noble Mbelee 1 Ann/RNS and NO MENTION OF ELEVATED SHOWS.!!!

So, is NOBLE NOW REVEALING TO THE FORUM GIVEN OUR LORNA BLAISSE, CEO HAS PINNED THE ITUMBULA -WEST RNS OF 25.1.24 ON TWITTER @HELIUM ONE. LORNA OR HELIUM ONE STAFF TYPED "ELEVATED HELIUM SHOWS" IN DARK PRINT WITH THAT FAB PIC OF ALL THE STAFF IN FRONT OF THE RUNNING RIG WITH STRING.

Lorna said 20x elevated via 6x for Tai.

Ahhhhhh.

I reckoned it to be 4-5 times, DIRECTLY and indirectly inc. the question about HYDROGEN, which Noble doesnt have.

A few reasons:

[1] There was a large raise of A$14m for Mbelele Drilling and Appraisal @ANN, 12 Dec 2023.

This is quite a large raise.

[2] Then, Justyn , Co-Founder and CEO SOLD down his shares in Nobel, the HE 1 peer ie from 19.51% to 16. 96%.

[3] Folks in Oz not amused given there may be a stock overhang from the large placing as above. [ANN, 22 Dec 2024]

[4] There are more director's notices but I am not keeping up.

[5] Noble Mkt Cap is A$35.8 m. Principle of parity goes like this: Pair of shoes in USA for Timberland loafers say US$50 and in the UK it is £50 and the rest of it.

[6] Most important of all, is that NOBLE IS WAITING FOR TEST RESULTS to confirm. SO, AGAIN, ANOTHER WAITING PERIOD for Noble investors.

I have read the HC forum so that is where they are at.

There was a new article about LUXURY PAWNBROKERS in the This is Money. The luxury pawnbroker shops look like BANKS and only by invitation. One needs ID and receipts and all the items need to be evaluated. Why? The rich need to pay school fees etc and NO BANK IS LENDING. It seems that even for £10,000 , there is NO BANK LENDING.

These luxury pawnbrokers are not interested in anything other than TOP TIER LUXURY goods like BANKSY and £325,000 watches. Their customers are the top 5%.

Tells you how hard money it is to obtain money. In relation to this, at HE1, did Lorna have any choice? The very fact that the CEO in charge of the previous drill suggests from the corporate world CODE, he may have been let say told that if he remained, NO LENDER would support the raise.

Would you support if you were a FINANCIER? It is hard to get funds these days so it was on a take it or leave it. Maybe the string snapped was something that the financiers were NOT amused by. Lorna was the ONLY ONE left that could be up to the job since she is a Geo of considerable expertise in frontier plays.

Standard Chartered used to give out funds to mining co etc but they have junked this side of their business.

Noble also had to take a 50% discount and that was NO string busting disaster. Lenders are out to turn their money, not invest in the business [if they invested in all of their funding they may have gone bust as failure may be more than success in drills]. Nor are they charities.

Yes, have a read into the secretive world of luxury pawnbrokers. At AIM, some co's cant even IPO to raise funds.

If anyone BOUGHT at 0.32p on the day the RNS came out given the price had JUMPED from 0.19p the DAY BEFORE THE 25.1.24 RNS---they would have been O.K.

So, next time, READ the RNS. I am hoping that folks will understand HE1 IS G R E E N H E L I U M.

Thousands of years the earth did its own thing and GREEN HELIUM was formed in Tanzania ------SATURATED HELIUM WATER which a/c to Lorna and Shaun of HE1 & Noble needs to be "LIBERATED" [ref: listen to Shaun at the MST African forum. He talks both of Noble and Helium One. NOBLE DOES NOT HAVE HYDROGEN.

When the drilling results come out shortly, PLEASE NOTE IT IS GREEN HELIUM, not conventional helium.

Sun, 4 Feb 2024 DYOR. NIA.

Contd:

Couldnt finish as no more width. IF THE ASSET IS NOT SOMETHING THAT FULFILS MY CRITERIA, I CAN LEAVE.

I have just been to Twitter and I see the VIEWS on the APPOINTMENT OF LENIGAS by Sharetalk has DOUBLED overnight.

So, lots of folks interested to know what happens next.

Perhaps, I am the only brave one daring to venture to post on this forum. LoL.

News, Sun, 4 Feb 2024.

Banburyboy:

Thanks. No, it is not possible for any poster to be a bot.

Because a post was put to me indirectly , it has to be answered. Yes, in that sense, a rather more chatty style to your

accounting preciseness. My style is mainly to research more into any resource asset and see if there is a potential Tier 1 and I provide reference links.

I note from your style, it does match to what is an accountant's style. So, what you posted is helpful because I dont know what are the outstanding obligations. Irrespective, assets and obligations have to be either sold, JV'ed and obligations reorganised and restructured. Quite a headache for anyone taking over unless one knows everything in depth. By in depth, I mean Africa and risk at this precise moment.

So, say, a pure Chartered Accountant were to take over this co ie re-organise & re-structure but this still does not leave the company in a position where it has a viable project. These days, few are interested in a NON-TIER 1 POTENTIAL.

So, yes, we can all talk and discuss but doing is harder than at first sight --this is general and common to all co's.

A lot of bloggers over the years have done critiques on many of these AIM co's and it is easy to do - even a bot can do it by repeating the same old acorns. I was interested to learn yesterday that the minute the blogger left the board as a director, the shares rose. No more bloggers doing critique these days. Why? They have now been put in charge as directors and the co's have failed. One blogger in particular from a European country took a junior miner over ie CEO - all the drilling campaigns have FAILED.

One poster has done the same and he has started a tiny co - not sure it is on AIM or a lesser exchange. I note the co is investing and that is also going nowhere - it is neither here nor there.

LENIGAS

Irrespective of what is being posted on this forum, I note that Share-Talk put up the RRR RNS up about the appointment of Lenigas as Strategic Consultant. Note the word Strategic, rather than just Consultant. Yes, there is a difference in that a strategic review is needed re: assets and obligations etc rather than just light touch Consultancy. I note that Lenigas has re-tweeted the Share-Talk tweet so that it shows this is his latest venture and by extension his reputation will rest on this post the Sonora asset.

From the views, I can see more than 1,000 have looked and therefore, I am not alone.

MY POSITION HERE:

I do not know what ASSET will be put into RRR. I could wait for the placing IF there is one immediately. As they say, you put your money, you take the risk. I dont have to REMAIN if I dont like the NEW ASSET. So, I have merely put in a

modest and small amount to wait for the outcome. Many are on the side lines judging from the views.

If new, there is ABSOLUTELY NO NEED TO BUY IN. Why? There are already people out there who may be interested otherwise why so many views. If the asset is not to my cr

RRR Annual Report: 2023 ]:

"CONSOLIDATION STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2023: Pg 27/73:

"ASSETS: Non-current assets:

===INVESTMENTS in associates & JV/s Note 12, £1,030,000.

===Exploration ASSETS Note 13, £13,358,000.

===MINERAL TENEMENTS , Note 13 £698,000 etc."

I havent gone thru the rest ie pour over all the Interims etc.

Yes, from what Lenigas said about assets vs mkt cap of RRR at £3.5m, it certainly appears to need an accounting restructuring and asset clean up to consolidate assets etc. DYOR. NIA.

That's all. News, 3 Feb 2024 --Nothing more to discuss anyway. Please dont be ......

Look at the share price on Fri, 2 Feb 2024 AFTER the RRR RNS re: Lenigas as Strategic Consultant.

As I said, Lenigas is NOT RTO'ing into RRR - so only a modest price uplift of some 3.33% but on Google Finance less at 2%+ at share price -------------O.077p.----

So, NO ONE managed to make on the news given there is SPREAD.

As for placing, I do NOT know - I have not yet checked the cash position yet.

At 0.045p is a large discount as suggested below by the poster . Let's see but I think not at such a huge discount for a bigger name.

FREE SHARES appears to be the pattern from the PREM Lenigas consultancy. I cant recall McArthur but from the Cadence a/c , I think it was free shares.

UNLESS THE RED RNS BUTTON HITS, one does not know. From REM, NO PLACING until solid plans told to the market and the discount years ago was not that large. SURPRISE, SURPRISE IF THE DRC MONEY HITS VIA RNS LoL.

Anyway, I am one for very low market caps with ASSETS of less than £3.4m region @0.077p.

Let 's see. THE MACHINE IS ROLLING TONIGHT on Twitter ---the news is spreading ie not via pi's. Please DONT blame anyone ---only one can press any button on any stock be it buy, sell etc.

Sat, 3 Feb 2024. I have just booked my place like others and await to see the plans.

Answer: The market DOES NOT RE-RATE any co that does not have a potential Tier 1.

The jury is out about the Gatwick Gusher given everyone is aware of the regulatory framework for oil and gas projects in South England ---protestors and judicial challenges to drill etc.

So, lets leave the Gatwick Gusher out of this. Lenigas is not here as a RTO from what I have read of the RRR RNS.

It is undeniable that RRR's assets needs to be RE-STRUCTURED. I am not in the mining field via an Investment Bank that specialises in resources. Say, Hannam would be able to sell if any project is of interest to majors [or a JV].

GATWICK GUSHER:

Two competent reports were done and they did state large enough potential resources ie world class firms.

In fact, an American specialist came over and explained that in the USA, even under buildings can one obtain oil via side tracks. THIS IS COMMON IN THE USA. Will it ever come to fruition? I dont know as it is NOT ALLOWED in the U.K.

Everyone is therefore freezing unless one is prepared to pay thousands for energy bills and there is NO ENERGY

SECURITY in the U.K. Green energy is expensive. THAT MAY NOT BE IN MY TIME ---never say never IF energy is ever needed again via traditional sources. IGas had Goldman given a price target of £18 from recall - IGas is more to the North of U.K.

WHAT YOU SAY:

Wait for Lenigas to talk - have you seen any BIG RISES? Maybe, yes, it may pay for a nice dinner & a holiday to Blackpool but with the spread, I cannot see that traders can make that much. UKOG ---they found out shorters were caught and hence why the price shot up given they had to cover. These will not be small shorters.

So, I base my answer a/c to facts. I have seen NO CO'S that Lenigas has run in the U.K. Lengas has never RTO or

become a CEO/Chairman of any AIM co after he quit running co's. That is a fact one can check.

I am just here to provide some balance and I am not posting much more after this.

Why? I am giving some back ground. COMMODITY STOCKS OF JUNIORS HAVE BEEN HIT and this is fact and until commodity prices are high again in the various sectors, the sector may remain in the doldrums. However, uranium has done quite well but I have no interest in uranium. Oil and gas is a sector I am not keen on usually but I wait to see what is the asset will be take on. I am not privy as no hints in detail has been given.

Whatever this forum may post or not post, it will not matter as these days, Twitter travels faster.

Many will watch to see ---Lenigas may just clean up the co. The wild card will be the Musouni assets but that is going to be something that may or may not happen unless international arbitration takes place but I am not privy to the legal documents of the agreement etc.

But suffice to say, Lenigas like UNDER £3M mkt cap co's. SO, I AM WAITING TO SEE. I cannot say as no one knows.

Lenigas is not dependent on us as he has his own circle ---advising family offices

David Lenigas's tweet on day of his appointment as "Strategic Consultant" to RRR:

"At 0.08p a share and knowing Andrew Bell as I do, HE ASKED IF I COULD HELP HIM & HIS TEAM @ Red Rock Resources

on London AIM to BUILD THE CO. I LOVE A CHALLENGE LIKE THIS. MARKET CAP IS JUST S U B £3M. News just out." -2.2.24

https://twitter.com/DavidLenigas/status/1753371188246544479 2.2.24 [Day of Lenigas's appointment at RRR as Strategic Consultant.]

Note: Check the RNS of Prem and Macarthur Minerals ---I dont ever recall, Mr Lenigas charged a "fortune" -- he was just given free shares which were not a lot for the consultancy. If there was no results = NO profit on the shares. I checked McArthur Minerals and the Chairman of Cadence sits on the board of McArthur which is still current.

So, ta ta for now. Come what may, there is going to be a lot of INTEREST in RRR due to this new appointment.

LET THE RESULTS PROVE THE DAY -- .

ANDREW BELL , LINKEDIN:

I have just signed in to Linkedin and gone to Andrew Bell's Linkedin ----I see "DAVID LENIGAS " AS ANDREW BELL'S CONNECTION. I also see another CEO of a 3 digit mining explorer as his connection with a Tier 1 deposit.

Kindly sign in. A/c to the tweet by Lenigas on 2/2/24, he tweeted BELL ASKED FOR HIS HELP.

No doubt, one communication method can be via Linkedin chat messenger or direct communication as norm.

JUST TO UPDATE to 2.2.24. Hope that helps. Others can sign in and check.

DISCUSSION:

NO LENDER will FUND until they see results. Shaun of Pitfield said so and so have other CEO's eg Haverion.

They have to determine the extent of the funding and the terms.

NOBLE HELIUM OF AUSTRALIA: This is the peer to Helium One at Rukwa, Tanzania.

On Hotcopper Noble Helium, Australia, the presentation RNS just out states: Early commercialisation sought and it cannot be funded by normal means. Noble is talking to off-takers etc. So, Aussie's think possibly JV etc.

RESULTS OF ITUMBULA, HELIUM ONE:

For those who have their own ideas and reject SATURATED HELIUM IN WATER by "LIBERATING IT" as Shaun of Noble stated in the above title , then it is up to them.

The MST financial forum took place in Africa and the MINISTER OF MINES gave the keynote and Shaun of Noble gave a presentation and took questions. The attendees are not mom and pop investors but professionals etc.

MST wrote the BROKER NOTE FOR NOBLE.

Most likely folks will read the RESULTS wrongly as they are not nuanced enough - same happened at GGP when the 1st drilling results came out vs majors who congratulated the CEO @Hole 5 & 2 other holes at Havieron. Newcrest bought a stake in GGP and did a JV. So, many stories. Same of EEE recently. Hopefully, it wont happen here but one never knows.

RESULTS ARE AWAITED - WAITING ON LORNA, CEO OF HELIUM ONE.

If one wants to listen to the presentation by Shaun of Noble yesterday , 2.2.24, then CLICK ON REPLY and it will take one to the original posts of this thread where one will find the LINK. THE PEER NOBLE TALKS OF HELIUM ONE OF UK , every sec or so, to speak. Nice of Shaun. DYOR. NIA. Sat, 3 Feb 2024.

P.S. Any potential deposit WILL FIRST BE VALUED FOR THE DEPOSIT, not production as they are not based on P/E's.

GGP , Solgold and all the others are NOT IN PRODUCTION but their mkt caps are not just millions but 3 digits due to finding TIER 1 DEPOSITS of minerals. This is GREEN HELIUM which is not from hydrocarbons and I doubt layman will be able to evaluate UNTIL there is market evaluation from experts etc as norm.

For balance:

[1] "Exciting times for Red Rock Resources. Hires David Lenigas as STRATEGIC Consultant to boost growth. KEY ASSETS IN FOCUS, potential in OIL & GAS SECTOR."--2 Feb 2024 on Twitter. https://twitter.com/AliceTaylor_/status/1753388273970430431 [I am not this person].

CLICK thread:

[2] "Nickyboy1886 in reply to above: LET'S WAIT TO SEE IF LENIGAS STILL HAS HIS M I D A S TOUCH." -2 Feb 2024

[I am not this person either].

[3] "RRR welcome to team rocket sir David @DavidLenigas."-2 Feb, 2024

https://twitter.com/mozEIGHT/status/1753365293043175553 [I am also not this person on Twitter.]

Comment:

Those with greater brevity but are COGNISANT of what Lenigas is capable of as I have elucidated. NO ONE KNOWS so as the saying goes, you pay your money, you take the risk. It would appear that AS SOON AS THE RRR RNS CAME OUT on Lenigas appointed Strategic Consultant , the above tweets appeared and perhaps they have booked their seats. I said it wont be dull as the word "exciting" is used. Exciting because at least Lenigas can communicate. Not everyone's cup of tea --NIA. DYOR.

News, Sat, 3 Feb 2024.

[

I got the Red Rock Resources MKT CAP at £3m. It is £2.5m+ as I didnt check given it was £3m earlier.

START OF THE LENIGAS CONSULTANCY AT RED ROCK RESOURCES, FRI, 2 FEB 2024:

--I have booked my front seat and so have others.

SHORTERS:

Short if they wish.

WHAT IS LENIGAS HIRED FOR?

Read the RNS above of 2 Feb 2024. From my reading, co is worth more than mkt cap of £2.5m+. These days, AIM does not allow co's with less than £6m to list. So , SHELL MKT CAP AT £2.5M+.

Assets - lets see what is going to be done. I am not privy but I have for a long time thought it needs some

strategic review. See what Leni said about RRR's assets.

Dont know as I am not privy but certainly its going to be fun --at least some corporate action to come and Leni is more communicative. Many co's die on their feet with not one sound from so many co's.

Detractor or supporter -----A NEW BROOM AT RRR with Lenigas as Consultant.----------------

News, Sat, 3 Feb 2024 Share price of RRR: 0. 0 7 p.

Love it. Lorna didnt go to the forum with lots of money men and here Noble is using Helium One this and Helium One that. So many mentions --Helium One got a free ride. Thanks to Shaun for generous spirit and good sport. Very commendable.

Shaun, Chair of Noble comes with a terrific C.V- He was heading Arrow, a COAL SEAM GAS Australian project.

This again is something of a HYBRID -gas from coal. Sold to SHELL for some US$2 billion. Its on his C.V.

LORNA BLAISSE, CEO OF HELIUM ONE [HE1]:

I cited from her C.V and she has got a recomm from Tullow.

Tullow's UGANDA big strike was also FRONTIER. She was project Geo etc. I cited exact references and her C.V timelines which is when they struck Ugandan oil and it was a co maker. Shares went to £15 for Tullow.

LORNA INTERN AT SANTOS: Another big name in Oz for TIGHT GAS, again, frontier tech.

So, Lorna appears to like frontier plays. Liberum said HE1 should be double when it was at 9p and sp target 19p at the time. Liberum also said that in their view, HE 1 was not given due value for Tai 1.

AH SO, NOW THAT FOLKS HAVE HEARD THE PRESENTATION BY SHAUN YESTERDAY FROM NOBLE , NOW THEY KNOW HE MENTIONS HELIUM ONE IE US.

Obvious, Noble knows what is going on at HE1 ie RNS 'es . Poster in this thread thinks Shaun of Noble "is envious" of Helium One. Unfortunately, the naysayers brought the co down to such low levels and therefore the funding was so steep with all that nega...etc. Happens to a lot of co's.

THANKS FOR THE CONFIRMATION OF WHAT I HEARD LAST NIGHT AS IT CAME OUT LAST NIGHT.

BUT BUT:

Obviously, in the stable, NONE were TIER 1 except REM' Sonora. All Tier 1 's projects eventually attract or can attract majors.

So, evaluation of any biz is up to one. Tons of FTSE co's --even FT co's have fallen and there are no guarantees.

So, if anyone got into NON-TIER 1's , that is up to each one of us to evaluate.

Every business is on a rolling dice ---Marks, now recovered and so forth. Have to watch continuously.

Ah, that is the essence of the stock market.