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Glib - re extra funds comment - the CEO said in his various presentations that if they announce a discovery the funds to set up the plant etc (approx $50M) will not come from a placing - he said the asset value will be more than adequate to support debt finance, so bank borrowing rather than a placing.

MrNation - what does the RNS say......?

"Extra funds needed also" My question, who says? Twitter shorts expect?

My advice is stick with what the company have announce via RNS.

MrNation, "good authority", really? Who then?

30 seconds on basic research will tell you that you made that up (look at last RNS)

"Fully funded for exploration programme commencing in Q1/Q2 2021 consisting of infill seismic acquisition and three well drilling programme targeting high priority Prospects over the Rukwa Project"

well petroteq sp last night ended up 21.43% - something brewing : )

HELIUM ONE SHARES SURGE 51.3% AS INVESTORS SPY MAJOR OPPORTUNITY

https://www.asktraders.com/analysis/helium-one-shares-surge-51-3-as-investors-spy-major-opportunity/

Indeed - going to good fun and rewarding to watch this unfold : )

Another important reason why retail interest will be significant : )

"Helium One is the only company listed on AIM that provides investors exposure to helium - a scarce and irreplaceable commodity which is essential for many modern technologies. We look forward to updating our new and existing shareholders as we progress this programme."

who knows where we will be tomorrow but in theory (without getting carried away) Helium One could quite easily achieve a market cap of £50M - this will be achieved with a share price of around 11p. So 6p thereabouts will be the opening price tomorrow, so very achievable. Let's see.

£50M market cap is important, why, because many institutions/funds have a bench mark mandate/rule that below that market cap level they simply will not invest. So potentially Helium 1 may attract another set of desirable investors (ie long term rather than short term traders).

We know from the various presentations that the placing was oversubscribed by approx £2M , so on the basis that those who tried to get in at the placing and who didn't succeed will put be lining up tomorrow morning. Going to fun! I expect a lot of press comment around this IPO.

Good luck all longs and new shareholders.

sohtahbutt - yes, no need to get into a slanging match with me, really not interested. You have your views, so do I. Leave it at that.

Let the market the decide.

do some research - I'll give you a clue, the licences have been already been granted (and renewed) and the Tanzanian Government are entitled to payment. Hardly rocket science.

Looking forward to the opening dealings - going to be fun! There was several million £ of oversubscribed monies waiting to enter. Good luck all longs and newcomers.

....the market can see that there is still plenty of time to get in before the the plant is declared commercial by the independent assessment, which will not, per the RNS, happen till January, with the possibility of not hearing until February.

That will be the eureka moment for all companies involved, but in particular Petroteq who are expecting more licensing deals on the back of independent verification of their technology. A world first and proven. Fingers crossed!

So until then traders will be in and out accordingly, that's AIM!

I am not in here but hold a good chunk of Petroteq. That is where I see the really large returns.

Timeline: for me the big news for the confirmed commercialisation of the plant will be probably be February, when the results of the independent tests are known "The third-party engineering analysis of the Oil Sands Technology is expected to commence in the first week of January 2021, alongside the continuation of the FEED study. The FEED is expected to be completed by the end of February 2021."

Although in the RNS they do not state a date categorically when the third party verification process will be complete - maybe some wiggle room.

Up 24% on OTC nice :)

meant to add this link:

https://money.tmx.com/en/quote/PQE

yes good news, Petroteq up 30% just now, happy with that : )

now 30% up : )

Almost ready:

https://ir.petroteq.energy/press-releases/detail/367

David Minchin specifically covered this in this weeks investor presentation - if they make a sizeable commercial discovery they will finance all pre-production infrastructure costs via debt finance ie no placing will be required for the required $50M because of the then proven substantial resource they would be sitting on.

hi quantumstar - pretty certain they sold their pqe shares at a large loss - cash was needed. From memory it was covered in the recent accounts.

I also have been adding PQE over the months, like to think I caught the bottom a while back. All the signs are commercial production 400-500 bopd in next 3 weeks - expecting a significant uplift there - as it will be world first - heavy oil from sand extraction, environmentally friendly process etc - so fingers crossed they get over the line this time; Steve Byle (Valkor) who has upgraded and now running the plant at Ashalt Ridge will be the man of the moment. We'll know soon enough...

Just catching up - here we go again LTHs! lol

But it looks like LTH's might just see some light at the end of tunnel. Better add a few before IPO as it looks like imo there could be very a healthy premium at the offering (and in the AOGL share price run up to 3/11/2020 with those scrambling to get in).

13 min interview CEO - well worth a listen gives much background to Helium One as a private company - plus some very interesting comments from him at 10 min......loads of investor interest he says, encouraging for a good start.

https://total-market-solutions.com/2020/11/06/helium-one_november-2020/

Good morning Petroteq Energy shareholders. $PQEFF is happy to announce we are just a few days away for preparing to re-open production & bring you many milestones we have successfully completed.

Press, updates & many new photos of our operations on the way! Have a good weekend.