Member Info for norfolkslim

... you know the rest! ;)

Retec - so we shouldn't believe the myriad reports in the media, all with explanations and by reference to actual data, but we should instead believe the personal hunch of one individual on a message board? riiiight...

The reasons for the massive drops in tourism are well explained, if you care to look (e.g. Canada's ongoing trade / tariffs falling out, the reports of forced access to visitors' social media accounts upon arrival etc etc).

The drop is not overdone unless and until the outcome of the forensic accountancy investigations have been completed and reported.

Brentw1 - exactly. I've never understood people fretting over a few days here or there - are they not in this for the medium/long term? This isn't a day-trader / hype share, it's the real deal (IMHO).

NS £1+

Any thoughts on the recent retrace? Having made good money on this previously, and then jumped ship too early (in hindsight, as with others!) I'm pondering what level might be attractive for reinvesting here...

I'm just tuning out any day to day minor fluctuations, and keeping my eyes firming on the medium term and target. A modest retrace was always likely at some point after the fully-justified recover of the past few months, and there have been precious few lulls in positive newflow to allow MMs to 'work the churn' by moving price down at all! Looking forward to update on Inez in the next week or two, news on next/fifth well (which may or may not depend on Inez results?), plant construction, and .... and.... Ingomar at some point! :) Lots to hold tight and be excited for. Most of my ISA portfolio is now in 'safer' ETFs, but this is by far my largest single-stock investment, as it remains my potential 'game changer' for bagging hopes. GLA DYOR LOL WTF ETC

You cannot say that today's drop has been overdone until the outcome of Deloitte's investigation is disclosed at some future point, including whether this accounting issue affects earlier accounting years also (in which case there really are serious problems). I would suggest caution....

LOL, totally agree, no way Bo would cash out that early, the whole strategy is get Rudyard up and running and we will be stabilised 50-60p, and then Ingomar gets property redrilled with potential then of (nil stay at 60p+) or (“the world is ours”) = £1+ and years 3+ multi multi if hydrogen. In at 16p, held up to 26p and down to 12p, I believe and as I’ve said I won’t sell a share before at least £1 (my holding is 237k shares, not much compared to some, but this is the only “high risk “ share in my portfolio” and I’m committed. GLA DYOR

Investorprime - just search for "Helix Exploration" in telegram - not difficult, even I managed it! ;)

Nano - many thanks for your interesting and helpful posts - some things for both LTHs and those newer to the fold to get their teeth in to. This is the sort of posting this board should be aspiring to, and I echo the call yesterday to just filter out and ignore any posters who are just spammers/trolls/adders of pointless tit for tat ad hominem attacks!

NS £1.00++

Indulging the cross ramp for one minute, what is Mendell actually producing? 1 minute search says its planning on mining bitcoin (red flag alert!) and only has an option to buy helium producer?

As announced on 27 June 2024, the Company has an option (the "Option") to acquire M3 Helium, a producer of helium which is based in Kansas and holds an interest in ten wells. There is no certainty that the Company's option to acquire M3 Helium will be exercised, nor that the enlarged group will successfully complete a re-admission. As announced on 23 June 2025, the Company and M3 Helium have agreed to extend the date on which the Option should be exercised to 30 September 2025.

I wonder whether we should read anything into DM's exit as to short-term plans for Ingomar?

Echo the sentiment that seems a v positive development - I’ll be interested to learn whether Minchin is holding on to his considerable shareholding, and whether new guy is having any skin in the game.

...so sorry, yes, the $4m is pre tax and operating cost (I misremembered!). But based on conservative $500/Mcf.

See 12 March 2025 RNS: Linda #1 well - "the well, which will cost circa $1.3m million to drill and complete, is expected to generate circa $4 million per year in pre-tax cash flow1"

1 Pre-tax cash flow is defined as revenue generated from sales at a helium price of $500/Mcf, before deduction of OPEX, tax and royalty.

Lolly, the $4m figures are after costs, as has been previously discussed.

Get a grip. For someone calling themself pension investor you seem to have zero patience. Still well within expected timescales for results and reporting, go and do something else. Lol.

IHNC, yes but you’re forgetting that breakfast usually starts earlier in Montana than in the UK, etc etc 🤣

For me it matters not one jot whether we start production tomorrow or by the end of this year, just so long as things are moving forward with great effort in both planning (to optimise financial returns and minimise risk) and execution - which I am certain Bo will continue to deliver. Focus on the process: if that's right then the (positive) result will happen naturally. If you focus too much on a desired end result, you may become distracted from considering and getting the process right.

Onwards and upwards.

NS

£1.35

This board seems to be descending to the sort of cesspit of ad hominem attacks and pointless posts that I thought I'd escaped from when I sold out of HE1 last year! Please can we try to focus on more constructive posts, which actually add *anything* of value for everyone else? I expect I'm p&ssing in the wind, but worth a plea!

To my untrained eyes, I don't believe the Inez Permit would permit drilling any deeper than the stated 6,500 feet.

Page 4 of the permit document (see link below) states:

Estimated target interval tops

Nisku 4,460'

Souris riverr-5,095

Red River-5,245

Cambrian-5,300

and a formation evaluation/logging programme between 3,200 to 6,500 feet.

https://bogfiles.dnrc.mt.gov/Well_Data/2504123552/2504123552.pdf