Member Info for panman

Thanks OAPK20, appreciated.

Take it this is telling us they didn't have authority for the subscription shares and need permission from holders first so not easy for them to raise again so bank loan quicker and more convenient?

Feeling better about where the fundings coming from if I'm reading between the lines ok?

Does it make a difference that its stated "pre-tax cashflow of circa $4.0 million per year " rather than sales or revenue?

Bit of a moot point in a way though as they stuck that "potential" word slap bang in the middle of the sentence imo.

Would note given the below copied and pasted from advfn boards that the bank doesn't appear to have to grant them all the funds at once.

Can't see a reason why they can't have funds released in tranches and that would give them chance to prove their plan as they go along and so add extra comfort/security for the lender?

The Company also holds an option (the "Option") to increase its interest in Limeco to 45% at a total cost of $4.65 million (as detailed in the notification of 24 May 2024)."

"· The New Option over 24.5% of Limeco shall be exercisable in 5 tranches between July 2025 and July 2026 as follows:

an option to acquire a 6.4% interest no later than 31 July 2025 for a payment of US$1,033,333;

an option to acquire a 3.8% interest no later than 30 October 2025 for a payment of US$620,000;

an option to acquire a 5.5% interest no later than 30 January 2026 for a payment of US$981,667;

an option to acquire a 5.5% interest no later than 30 April 2026 for a payment of US$981,667; and

an option to acquire a 3.3% interest no later than 31 July 2026 for a payment of US$1,033,333."

Market 's not rushing to buy in even with the recent positive sounding interviews so presume we're experiencing some caution re funding.

On the bright side may be a strong reaction if/when they do RNS funding's sorted?

April 10

"Helix has commenced surveying of well sites for Production Well #4 and #5 to the south of Linda #1. Additional production wells will be self-financed through cashflow from the Rudyard plant."

Forgotten that, glad the market did too as too RNS that additional wells "will be" financed through cashflow and then have quite a heavily discounted placing to do same only 8 weeks later was quite naughty really imo.

Think we were lucky it was taken so well.

Traders taking their profits end of week I guess. Can't blame them they're here to trade so do.

Not sure if we're due news Mon if so would expect some FOMO later in the day?

No problem. £ a share and they're yours Donald.

Getting closer to testing for oil after the raise too. Was expecting to have to be patient for a bit longer on that one..

7th May RNS

"While the Company's immediate focus remains on proving up helium resources and feeding its processing infrastructure, the Duperow oil zone presents an intriguing longer-term opportunity. Helix intends to further evaluate this zone as part of its upcoming drilling campaign, beginning with the Inez #1 well"

Apologies misread your post thought you were posting you were "thinking" of selling. Too busy trying to buy. lol

If it helps skippy they're very difficult to buy (IG) so maybe you wouldn't have got them back on a trade anyway?

Probably shouldn't be bullish yet as want to buy my shares back on the dip but this reads well imho..

"All five production wells at Rudyard are expected to commence production following the installation of onsite processing equipment. With manufacturing of the membrane module and testing of the PSA facility complete, on-site construction activities are due to commence in June 2025."

PSA update important, good to see that about to get underway and production at weil adequate for the $4M/yr.

Isn't inez the one they were going to check for oil too or am I mis remembering?

these were interviewed on directors talk yesterday. only a short one but confirmed bank discussions going well and still planned to pay for taking them to 45% and 2nd kiln anticipated 3rd q.

https://www.***************************/firering-strategic-minerals-zambian-quicklime-milestone-sets-stage-for-expansion-video/4121199960

Feeling a bit more bullish after the bounce but still a little worried about it just double topping a 5p. lol

Can't buy on IG at the mo so yes maybe bottom found?

It was 1000 oz's of dore but then in Feb think it was they announced they had hit low grade ore and given high grade was 1.1oz's must have been fairly low imho.

Think we'd have had an update if they had good news to halt the decline so probs not a buy until updated unless really gambling.

"You have no idea of the debt position, none. You don't know how many of their contracts aren't getting paid."

Nor do you its a runner so we're all in the same boat there imo.

I wouldn't be surprised if we get a placing looking at the sp action going on but equally we are nearly at war with russia and UK markets seem weak anyway since lab got in so may be just a tsunami of sellers and MM's not willing to hold either so marking down til book are balanced.

Either way am holding for the next RNS just won't post a lot til it arrives now. Will leave the positivity to Emma when she comments.

Thought the last RNS was pretty positive too and like the fact they've fulfilled the criteria to move ahead with talks on the bank loan so jumped in for a few this morning.

Figure it maybe better to be in before funding's sorted than on RNS day so playing the patience game.

ATB to the LTHers.

I let a few go being well in profit on them but only a few.

Should be good for the share though if history's anything to go by. I have this little understanding with the market in that if I take profits on a few the share continues up and I get to kick myself and if i don't then the share tanks and I kick myself even harder so alls good for LTHers imo.

"production was hit this month by rainy season but we're progressing with pits X/Y/Z".

We've already had a version of that though haven't we with the production has been hit by low grades til we start the next pit. Nothing they can do if so and to be fair last interview (the 5 min pitch) Emma told us plainly there's be no plethora of updates for a while so co. not misbehaving too much with no news imo.