Member Info for panman

Took a few after the fall too. Humungous volume and had to accept SB's as wasn't able to buy shares.

Didn't realise the Hugo was quite so promising for the co. and its holders, thought it would just be them picking up the scraps from years of drilling there but apparently not..

"Geological Potential and Operational Efficiency

The Hugoton Gas Field has a rich history of substantial gas and helium production dating back to the mid-20th century, with thousands of wells producing significant quantities of these resources in Kansas alone. Recent geological data indicates that M3 Helium's operational area within the field is notably underdeveloped due to historically low concentrations of methane and the inability of gas producers to sell helium until recently. Unlike other parts of the Hugoton Field, this area contains a non-depleted reservoir of helium-rich gas, valued at billions of dollars according to a geological report compiled by WSP, one of the leading engineering firms in the world. Helium concentrations in this area average twice as high as in other parts of the field."

https://www.einpresswire.com/article/724510640/m3-helium-announces-strategic-partnership-with-voyager-life-and-expansion-of-hugoton-gas-field-operations

Had a small top up earlier as sounds every bit as promising as any other US plays available on our market imo.

Will top up again if funds allow before the market twigs.

Not out of suspension yet then? Beginning to think this maybe a longer term investment than intended.

Tiger perhaps the sp is rightly reflecting the risk. Leni claimed last year investors were going to be rich as he worked this field and it seems it nearly bankrupted the co. instead as the initially promising looking workovers dried up to almost zilch.

They were forced to give away 85% of the play just to get their bills paid and now this new (diamond player??) co. is going to have a go at producing there for them.

Seems risky until sustained production ensues which may explain the price action.

"We know the company is generating revenue if c. 45000 dollars per month already."

That's good to know but isn't that gross revenue-ie what Global will now collect.

PPP get 12.5% or $5,625 USD of that?

That would give PPP yearly revenues of $67,500 USD.

Good exercise may be to decide what net revenues PPP needs to be investable from here and to then work out what gross revenues Global will have to earn from its play to make that happen.

Its not that far off the rescue package that PPP have accepted. Bet they'd be delighted with a minimum of $2M/year going forwards.

Wonder what PE their holders would put on that?

Glad you went to the meeting RKB, expect they appreciated having some pi's there.

Looking forward to hearing more from them on our exciting future with helium.

atb,

Not derisked if the co. in Madeira is a scam. Has anyone looked into who they are?

Below is the weak chain in the link imo. Why did production stop and when if ever will it start again?

Notice no dates given,

"and receive monthly revenue income from all oil sales from Texas once production recommences. We are hopeful to see oil production starting within months."

Do need to know level of production. Don't believe it was very high before hence everyone losing all their cash here last pump around.

Good to see and time to read up on lithium for the US.

Hope it goes well for them.

Funny, most my complains in the near past with VOY have been that they've RNS'd amazing sounding deals that finally came to not a lot.

If this one goes through as planned will take that as quite a green flag going forwards.

Would like to know why they only pierced the top two foot of a 40ft play? Would have thought that a larger area would have produced more?

Sound a bit special. Never thought I'd be sitting here thinking I don't have enough of these..but I am this morning.

Just a reminder to the board the last raise/subscription here was for £834K not £600K as our apparently unresearched sharetipper is espousing..

23 May 2024

"GoldStone Resources Limited (AIM: GRL) is pleased to announce, further to its announcement of 21 May 2024, that the Company has now received all funds in respect of its subscription to raise total gross proceeds of £834,000 (the "Fundraise"). Accordingly, the Company will issue 83,400,000 Subscription Shares, 52,800,000 Conversion Shares, 14,090,000 Director Fee Conversion Shares and 7,500,000 Adviser Fee Shares (the "New Ordinary Shares")"

68g/T as a byproduct? Think there'll be a few rather envious pure gold players peeved at that.

Maybe just a reaction to the amount of views they're getting on X, seems quite a lot esp for their lab and earthmover pic's?

Co. more followed than I thought.

GRV's getting cheap. As some likely know their bitumen play disappointed with potential recovery percentages and they haven't been forgiven by aussie investors.

They've stopped work on the bitumen play now to conserve cash for helium so no worries here that I know of but their cap for owning 75% of EP145 is currently $12.84 AUD or £6.76M UKP if you like.

Worth watching imo.

Well they've had another trade. lol

Is this the small acorn days? Will be if they have some success imo, sector's flying.

Thank you. Encouraging interview she made her points well imo.

Good to hear how the grades have helped and apparently lessons have been learnt.

Looking forward to seeing how the market reacts in the morning.

"It’s just a load of under researched gamblers having a punt"

Less of the "just" if you don't mind.

If we weren't here the mm's would be living in bedsits.