Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Dyor and us the dips to your advantage and well done all who loaded up on what were clearly bargain shares"
If you invest in He1then you learn to ignore all the deramping muck which is generally spread betters and traders trying to get a cheaper re-entry price and their 5% or 10%.
That would be the same ones who picked it up at 1p just a week or so ago and sold at 1.05p.
The size of the prize here has never changed just the entry price.
3.2p on 4.7% Helium and 2.2% Gold Hydrogen and you could have filled your boots on;y a week or so ago at 1p.
Still incredibly cheap.
Dyor and us the dips to your advantage and well done all who loaded up on what were clearly bargain shares.
Https://www.lse.co.uk/rns/HE1/itumbula-west-1-well-flows-helium47-to-surface-h3ozbl2v33bohu1.html
https://www.youtube.com/watch?v=wM7Z31qbEqA
Should be back to 2.5p to 3.2p prior to details of an Appraisal Well schedule.
Probably got the Sample results back that they sent off to the Lab by now also.
Still one of the cheapest exploration companies out there for the scale of the prize they are sat upon.
4.7% Helium and 2.2% Gold Hydrogen.
And that's just one well from multiple plays in 3 basins.
Noble helium's finds on the same Rukwa Basin letting enabling them to state that it is a "Unique and Prolific Helium Producing Province Like No Other In the World".
The share price is an irrelevance at the minute. Could be 1.37p,could be 2.37p
But I think we all know it will be sitting about 2.5p by appraissal well time.
Good on Lorna for recently raising the £4.7M to add to the surplus monies on the balance sheet.
That should see them through nicely.
A close around the 1.5p previous placing price would be a nice stepping stone.
So who's been gobbling up those hundreds of millions of shares from 1.5p down to 1.0p and when it was clearly in oversold territory.
Tidy double your money and the rest for a short patient wait.
I think everybody knows that you'll be paying 2p to 2.5p for the privilege of holding in about a months time.
Somebody has been laoding up all the way down from 1.5p to 1.0p and knowing all along that the size of the prize never changed. In fact what the Rukwa basin holds in terms of helium has been corroborated and magnified by Noble Heliums 3 large finds and Gas cap resource upgrade x 6.
"Unique and Prolific Helium Producing Basin Like No Other In The World" Shaun Scott - Noble helium.
dyor
Put 2 and 2 together folks imvho.
https://nextinvestors.com/articles/nhes-probable-free-gas-cap-6x-bigger-than-expected-this-upcoming-drill-will-find-out/
https://nextinvestors.com/articles/nhes-probable-free-gas-cap-6x-bigger-than-expected-this-upcoming-drill-will-find-out/
The share price could just as easily be 2.2p or even 3.2p right now.
Why?
Because the size of the price hasn't changed one iota.
Its still 4.7% Heium and 2.2% Gold Hydrogen free flowing to surface and without stimulation
And Noble Helium huge Gas Cap 9km x 3km x 20metres and two massive lakes at Itumbula and just 70km up the road from He1 is rubber stamping the full Rukwa basin as a "Unique and Prolific Helium Producing Province Unlike Any Others in The World".
Its nothing to do with the value of the bulk of shareholdings.
Rather its just market makers playing about with the much smaller free float and sorry to say it but with somebody sat watching bulletin board sentiment and playing on that also.
Its hard to believe there was a 79 page Peel Hunt report completed only a week or so ago valuing THG at over double todays value on even the most conservative of valuations.
Where MM and the BoD are imvho at fault is that instead of taking advice to reduce that free float by share BuyBacks they have declined to do so. But not only that they keep issuing 30 Million plus extra free bonus shares onto the free float each year (if they are sold).
Dr Lao, its not just THG that's down today.
Ocado is down about 5% also.
Why such a large spread?
Its counterproductive to getting people to buy the shares?
Was part right that we would get Rig news this week and the big plus is the clarification that the Star Valley 101 Rig is coming to ourselves next, and prior to going to Predator Oil.
The big question now is whether the Energean deal seals prior to this. This one transforms Chariot monetarily going forward. From Energeans results on 21st March
"Morocco Country Entry
As announced on 7 December 2023, Energean has agreed to farm-in to Chariot Limited's ("Chariot", AIM:CHAR) Rissana (W.I. 37.5% operator) and Lixus (W.I. 45% operator) licences, the latter includes the 18 bcm (gross)[16] Anchois gas development.
Completion of the Morocco farm-in is expected IMMINENTLY, upon receipt of the remaining approvals from the Moroccan Authorities.
Energean (Operator) and Chariot plan to drill an appraisal well on the Anchois field in Q3 2024."
Nice to see He1 getting on with tendering for Rig supplementary services. Great find that one.
Get that in place and you can offer up our 100% owned "Hot stacked" rig up for contracting out as a complete package - whilst having first dibs yourself every time you wish to drill or appriase.
Come May / June time what's the betting you'll be paying 2.5p to 3p again for the privilage of buying into the Appraissal well and with Noble either being ahead of us with their Appraissal results ior virtually neck and neck.
Best to buy what you can when you can and just sit tight on them all imvho.
There has been no change to the size of the prize - just the entry price.
Watch this Noble Interview and make your own mind up outside all the noise.
Helium 1 are sat on virtually twice the concentration levels of Noble (4.7% versus 2.48%)
https://www.youtube.com/watch?v=wM7Z31qbEqA
When this RNS was issued - and nothing has changed in terms of the vast size of the prize. Thats at Itumbula and on all other prospects and licence areas.
In fact of anything the full Rukwa basin has been de-risked by Noble Heliums x6 Gas cap multiplication and the fact they are saying that Rukwa is a "Unique and Prolific Helium Producing Province Like No Other Anywhere Else In The World"
Looks like it double bottomed at 1p for the eaisiest scoop up in history.
Good also that He1 raised the £4.7M which when added to remaining cashflow from Itumbula reaching TD ahead of time and the fact they have their own 100% owned Rig, should see them comfortably through till after the appraissal well.
https://www.lse.co.uk/rns/HE1/itumbula-west-1-well-flows-helium47-to-surface-h3ozbl2v33bohu1.html
From what I've read on thePRD bulletin board one poster over there seems to think SDX are using a different rig and that SOU might have the rig presently
"KeithOz
Posts: 2,348
Price: 10.00
No Opinion
RE: Catch the rigToday 07:35
I have been told that it is likely that SDX are using the ONHYM rig, which if correct will un-complicate things. Yes, I am familiar with the word 'simplify'."
and also this one.
"BillyRayVal
Posts: 705
Price: 10.50
No Opinion
RE: Catch the rig
RE: Catch the rigToday 08:27
Hi Keith,
It was SOU (not SDX) who were scheduled to be using the rig by the 'end of March' in order to install production tubing into their existing wells i.e. as far as I know, they're not drilling new wells, so presumably they won't need the rig for too long.
See from 4m onwards:
https://youtu.be/GWR68wCx06E?si=OAPtT6kYwMvBLMp4"
Indeed Thebold
In this mornings twitter image it was the low-loader that sold it for me that we are getting mighty close.
Chariot don't own a low-loader HGV to my knowledge and you don't hire one just to shuffle equipment round a yard, so that kit is being moved, as we speak.