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If noble helium or any other helium company picked up the phone to the Tanzanian government and requested to bid for the same licence what happens ? is it an automatic no ? is there a bidding process ? can another company submit an application for a license ? This for me now is another thing right to the wire... surely no license there is no project at all... forget the drill rig issues imagine if there is news of a possible "issue" or biding process of renewal.....
i read all the nonsense about long term investments. You should not hold stock in *any* exploration company long term, you will lose 99% of the time. You buy the stock knowing there is a funded project and when its actually happening. if you hold long term years and years your shares will be diluted and diluted over and over. The only buy condition is a Funded project and Rig booked. Even if they booked the Rig i ain't stupid.... I saw the interview... if the project was fully funded DM would be itching to shout that out to the market as loud as possible.... They need a TON of cash and it only comes for 1 source... its from YOU SHAREHOLDERS , yes you are paying for the delays and fixing the rig... I'm just waiting... any day now that -30% bomb for 2023 will happen. DM should pull the trigger now (should have pulled it a few weeks ago) imagine having £300k invested knowing 100k will be ripped away any day..not for me thanks...no drill booked is no value at all.
So why is the SP going to keep falling, see for yourself, its been going on for ages.
https://www.google.com/finance/quote/HE1:LON?hl=en&window=6M
because now the Market cap is £37m and its still way overvalued in the current state.
Anyone care to tell your other half you are investing in someone hopefully fixing a broken rig, no drilling licence, they don't have the cash to do it and they want to spud in rainy season...
https://www.youtube.com/watch?v=jxo_K7JLZxQ << my reaction
bro there is no opportunity they have to fund raise. there is still another- 20% to maybe now -30% Funding rip coming regardless how much the SP drops today. They need cash to fund 2023.. this is the number 2 problem stopping big investors jumping in. number 1 problems is there is no drill booked, no contract, nothing... 1 year of nothing...
https://www.google.com/finance/quote/HE1:LON?hl=en&window=6M
Company is not worth £40,000,000 !!!
Should have done the placing...
Fake news is very very bad. people will be struggling to even sell today. feel sorry for you all. I did warn you well in advance
fair play, DM finally let the market what is going on (well still nothing going on), this is the right thing to do, but the 2022 drill is not happening ! delays for another 6 months minimum !!! 2022 is over !! so shut up ITV and others flaming me otherwise, I warned 2022 is a lie, could see through the nonsense and I was shot down and i'm right.
Rig still not booked ! project hoping on a mechanic fixing an engine... are you kidding me
It says it right here: "Delivery of our exploration programme commencing in January / February is dependent on concluding contract negotiations and completion of the rig audit " whaaaaaaaaaaaaaaaaaaaat ?????????
THERE IS NO PROJECT BOOKED... THEY NOT SIGNED ANY CONTRACT.... NO CONTRACT WILL BE SIGNED UNTIL RIG IS FIXED... NO DRILL IS BOOKED... NOTHING.... INTENT INTENT INTENT !!!! THIS WILL NEVER NEVER NEVER HAPPEN IN RAINY SEASON FEB 2023.... WHY DONT YOU FIND A PARTNER, SPLIT COSTS AND BOOK A NORMAL RIG AND DO IT LIKE EVERYONE ELSE...
Tue, 24th May 2022 07:00
"The Company is in detailed discussions with both a rig operator and service companies with the objective of drilling the Tai prospect in Q3/Q4 2022" before the commencement of the rainy season. (rainy season starts in mid November)
Tue, 2nd Aug 2022 07:00
"Planning for rig transport logistics from Kenya to Rukwa is well advanced and is expected to take approximately *one month* from acceptance and contracting of the Rig and equipment"
CEO already said they are not drilling in November rainy season.
everyone still waiting to know what is going on is absolutely ridiculous. Dm should update the market good or bad, doesn't even need to be an RNS, a stupid progress tweet or anything ! When is the very last day to book the rig for 2022??? If last day has passed then market needs to know ! (few) people still thinking 2022 drill is possible !!! Its obvious they are still waiting for drill parts to arrive but they are coming from multiple countries. Shareholders should pick up the phone and demand to know what is going on or call the company who is doing the audit. If they booked the drill today, it's possible drill turns in December. Come clean, what is going wrong ? people will lose a ton of cash if project is cancelled due to no drill. people been strung along for 1 year ! aren't you all annoyed ?
@bigpat, yes i bl000dy was, over 1m shares... I sold out I could see the warning signs. We should have been drilling but Marketing ****ed up tweeting drill hadn't started... i smelt a rat then. was hoping to cash out 500k not a few hundred
https://www.lse.co.uk/profiles/persiantrader/?page=8
please correct me if i'm wrong but wasn't the supposed 2022 Drill budgeted without all the drilling Licence renewal costs? therefore the fund raise is due any day. When this happens it would open the days sp to about 4.8p at current price.
If the drill is being fixed and according to plan why not put some twitter photos up to stop the sp from falling ?
ITV talks about paper lose which is nonsense. when they add an extra 200m shares into the pot (which was voted for in the AGM) it makes your physical slice of cake smaller. if you don't understand... If I purchased today 1% of the business or 6 million shares out of 621m. if they do a fund raise and add 200m shares, do I still own 1% of the business? No.... because i now own 6 million shares out of 821m. anyone care to tell me what % I own. now imagine they do a 2nd raise in 1 year and add another 200m shares. I now own 6m shares out of 1 Billion 1,000,000,000. ITV will be saying its a paper loss ???? this is what people who have no clue about investing say. if you still don't understand If ITV had a birthday party and had his Morrisons cake and dia, helx, aussie, wyndrum and bigpat was over listening to backstreet boys singing and clapping hands together, ITV flexing his 50p bet @ kempton on a 1-10 fav. they all have a slice each, bigpat is starving but before they can put it in their mouth all of a sudden muscles turns up to the party with No1p and mitch.. now they are also hungry and want a slice !! so they cut everyone's slice in half (placing/fund raise), wow bigpat is not happy and ITV doesn't understand what's happened to his morrisons slice why its so small?
Do you understand now why delays cost the investor money ? a smaller slice of cake has less upside than a larger slice.
if you look at some explorers who have been around for 15 years with no revenue they will mostly show lifetime -80-95% fall because of dilution.
would you personally pay $5-8m to book a drill and crew that need housing without a licence?
I didn't look into the Licences, how much to renew ? how long does it take ? has the price risen ? how can they book a drill without a licence? The next RNS 90% chance of being bad. no drill, run out of time, fund raise, no license, project now in may 2023 or 10% chance of being good ..week booked the drill but didn't tell you all..
what is going on. if nothing is said 4p incoming in the next 3 weeks..
other interests, 470k followers, i'm not into self promotion so i don't need to reveal my channel. I don't even know why i typed that I was.
DM should have done the fund raise a few weeks ago as now HE1 is not even worth £40m ? no project, not fully funded, potential 5 month delay, no drill booked, trying to fix a busted drill in Africa is our only hope ..4 REAL?, communication is fairly good but delivering on the plan is 1st class terrible, no partners to half costs, incoming fund raise is due any day that will lower sp a further -25% on top of any sp drop. Even twitter account has a year old presentation pinned to the top ??? major flags that no one seemed to pick up on: Chairmen at AGM saying months ago "If they can find a drill", when asked cash balance quoting 5 month old bank balances in interviews? changing quoting from pound to Dollars so dumb people think they have more cash.... Am I looking to pick up cheap shares... no way ? there is only 1 buy condition for HE1...Fundraise and a drill booked together. If they only book drill then forget it because fund raise coming like last time. people asking how far can the SP drop? well you have to personally value the company before you invest, noble helium seems further than HE1 and are only 19m market cap...Give me one good reason why HE1 are worth x2 that ? fact is they are not ! what is the value then of HE1 ? say £35m or £25m or £20m.... if you value HE1 at £20m in its current state today with all the concerns, not 6 months ago value, todays value, then the sp should be 3p which is still reasonable considering. Would I personally buy a v large stake again at 3p ? not a chance ! unless my buy conditions are met. Raise cash and rig booked together.
just had a look, noble helium market cap small £19m vs helium one's high £45m
But noble will probably need to fund raise, but much more upside potential at current price.
https://www2.asx.com.au/markets/company/nhe its in Australian dollars
https://www.youtube.com/watch?v=jxo_K7JLZxQ <-- my reaction to you reply keith. yes you are right it must be now 80% chance of success or maybe 90%, sp should be 50p be now, company should be worth £400m !! kekw ?
if you was so clever you should have sold pre results in 2021.
Market loves all these surveys but strange in the last 6 months sp has fallen -2.72 (-27.02%). So you seem to be the only one excited losing money. a placing is now coming and the SP will drop to 5p in a blink of an eye and if the drill is cancelled cos it don't work then.. good luck... but you are so caught up in the project you don't understand markets and balance sheets and fund raises.
1) 1 year passed and NO DRILL IS BOOKED, REPEAT NO DRILL IS BOOKED !
2) company overvalued now
3) Fund raise will cost all shareholders AGAIN -25%
4) Rainy season starts mid November. so me using my fingers and toes tells me it ain't happening this year.
5) short term SP downside risk is now -25%-40% (but you can't see that, glad i can)
IM UP around £190k in the last year 1/2 on he1 . I will stick to what I know. And I smell BS. actually I smelt BS while they were drilling because of Twitter marketing errors didn't match the drilling time table in 2021 and sold out pre results. I posted my thoughts at the time. I was right. Drill was a failure.
@keith what you said "Lots of trolling regarding the suitability of the Tai prospect as well. Suggestions that it has a 35% chance of success, with no indication of which bit of the air that was pulled from"
appreciate the failed correction but It was pulled from Helium One's very own NOMAD and Broker !
"the broker’s belief that Helium One has a 35% chance of geological success"
"Liberum added that last year’s drilling campaign had de-risked the proposition, identified a working helium system, and confirmed the presence of an effective geological seal"
@keith I have a cut a pasted your very own words, so maybe its a message to you rather than me. "If you don't understand the implications of the above, then clearly any purchase of HE1 shares by you can only ever be a gamble , not an investment, and you are equally clearly not competent to post supposedly 'factual' information here"
https://www.proactiveinvestors.co.uk/companies/news/975565/helium-one-shares-have-100-upside-according-to-city-broker-liberum-975565.html
Bigpat, thing is HE1 had 0 trolls in 2021, now people are turning against the company because of false hope which is causing people to lose money, people been waiting a year for the rig to be booked... you should be venting to DM with your frustration.
There are so many explorer companies worth a fraction of HE1 but for some reason HE1 held its value well but now delays verging on failure to deliver 2022 project.. how on earth is HE1 worth 45,000,000 ??? with no booked project, huge overheads, looming Fund raise and now each day that passes there is the unthinkable possibility of no drill at all booked cos it don't work...... People just want to invest into a Drilling project and know when its happening...
what is the value of a company where no one knows what on earth is going on and literally 4 weeks left to ship the rig for 1 drill attempt.
When He1 listed in Dec 2020 The number of ordinary shares in issue was 496,893,111 giving the Company a market capitalisation of approximately £14.1 million at the issue price of 2.84 pence per share.
now we have 621,000,000 Shares in Issue Market Cap 45m 7.30 pence per share.
seems a little over priced as of today?
aussie comments like 1 drill with make the SP drop for real, i wasn't going to to reply... but i will.... Ok u suggest do 1 super expensive drill at 35% chance of success which 65% chance of failure and if it fails then what? book another rig for 2025? are you related to anyone at HE1 or a paid agency? wow its all making sense now ITV must be in marketing also. DM needs to have a multi drill campaign if he can get this rig working and he needs partners to fund drilling multi holes multi locations and do not stop until he gets that discovery, Think big, make big Plans, employ someone to get big partners TO PAY FOR MOST IT, grow a pair and smash the ground until you find something. That Drill needs to be booked all year. there is a saying 100% of f all is nothing but 50% of s loads is a lot. I should set up a helium company call it Persian Helium and do it myself.... maybe i will stick to being a youtuber.
Tue, 24th May 2022 07:00
"The Company is in detailed discussions with both a rig operator and service companies with the objective of drilling the Tai prospect in Q3/Q4 2022" before the commencement of the rainy season. (rainy season starts in mid November)
Tue, 2nd Aug 2022 07:00
"Planning for rig transport logistics from Kenya to Rukwa is well advanced and is expected to take approximately *one month* from acceptance and contracting of the Rig and equipment"
Already said want to be drilling in Q3 before rainy season starts, but the rig is still not booked, will take an approx month or Mid October for drill to land if order is placed today. set up takes a week or 2 ? they doing all this to just drill 1 hole? or will they now drill more holes in Nov Dec rainy season ?
according to the plans set out this isn't adding up to me. Time isn't on their side for 2022. will be very rushed, stressful, no room for delays especially if there is mechanical failure, just 1 hole for 35% chance of success. that's worse odds than flying to Vegas and putting your house on red or black. this is one spin just betting on numbers 0-13. huge risk.
My Advice:
Do the fund raise now ! get it out of the way before sp falls of a cliff (and then all the big investors will relax n pile in)
Book the drill to land in April 2023
Drill set up ready for multi hole drills in 2023 May / June / July / August
you got 6 months to try and get 1 or 2 partners to split the costs and maybe do extra drills.
Market knows exactly what's going on
plenty of time to do the publicity, positive build up, raise sp and payback the shareholders without further funding concerns.
Odds of success are much higher.
https://www.lse.co.uk/share-prices/short-positions/funds/Bronte-Capital-Management-Pty-Ltd.html
Bronte Capital were shorting HE1 0.5%