Member Info for pj70

Maybe i am being daft but the RNS is a win win in my opinion. If they are not succesful in retrieval then back to another producing Helium well which is cashflow positive from current 3 month contract and if they are then potentially a hydrogen play alongside.

For me personally just banking on the core revenue around Helium and getting to 20 wells in full production and IF there is a by product revenue stream then great but until then get as many wells up and running and helium being sold. Thats what will drive the valuation on helix. The more wells, more revenue / EBITDA and bigger Share Price.

Seaview - when they did the placement at 18p but the price did not drop below 32p it was being underpinned by someone and that same someone is obviously keeping the price at these levels to accumulate more as they could be the one and the same person doing the funding or connected. The true value will come out in the end but would like to see a clear strategic direction on well creation and timeline and expectations eg 4 per year for next 4 years or 1 a quarter being brought to market and commercialised. Reality is that even if the SoH opens tomorrow we are not going to see a change in gas pricing for some time. Q2 numbers shown by end of July should be interesting and get a flavour or revenue they generated for XX days that the wells were producing.

Upon Admission, the Company's issued ordinary share capital will consist of 131,241,247 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, from Admission the total number of Ordinary Shares and voting rights in the Company will be 131,241,247.

The funding, funding and funding for at least Phase 1 but looking like Phase 2 as well being discussed to be thrown in the mix is the key catalyst now and for those that dont mind waiting i do think the wait will be worthwhile. Its interesting that there are several projects - Bezant resources copper play, Tungsten West - UK tungsten play, Blencowe and a few others are all in the last few meters of the finish line to get moving towards production and the re-rate that becomes associated with succesful and profitable production.

I am quietly confident that we will see post DFS update further information on potential partners and a funding solution as per statements made in RNS and on video.

The statement below maybe just a AIM throwaway but like to take it at face value with Mike as he seemed alot more buoyant than previous videos of recent times.

"With a materially expanded inventory now defined, the Company has been progressing further DFS optimisation work to incorporate the enlarged resource base, evolving downstream pathways, and ongoing commercial discussions.

Strategic offtake and funding discussions also continue alongside development planning, and the Company will provide updates as and when disclosure is permitted and appropriate, in line with its regulatory obligations."

Make your own call but for me £44m market cap with the potential to start mining less than 12 months away IF funding comes through next 8 weeks will see this re-rate in my opinion to over £100m market cap and will probably stay at that level then until production starts. So you either try to time your buy before any announcement (also the funders tend to be leaky and will see uptick pre announcement i would suggest) or your in for the longer term and take the ride upwards over the next 2-3 years.

If your looking for the big gains here in a few days then your probably better to sell up and move to an explorer. We are now a producer and in growth mode. The move to 40p from a position in the 20s only a few months ago was due to those in the know buying ahead of yesterdays announcement and this is now going to be a "boring" stock as more wells come online, further offtake agreements are done and we move from a £80m market cap to what when we have 20 wells doing circa £4m a month FCF by 2030. For me it is now a bottom of the drawer stock and will purchase a few more as the price dips which it will as i am confident we will be higher each year for the next few years based on the RNS and the initial offtake. My only concern and i think possible reality is that we will be taken out in 3-4 months time by this group that have taken it all IF things go according to plan for them. Prefer the longer term play personally as more to be made in share price gains.

Stakker the issue is while they continue too talk in the public sector the private sector just cracks on and sadly it will mean nothing to the UK MOD when an american outfit funds the £85m on the precursor all product goes to US for processing. One thing whether you love him or despise him i am sure his govt will ensure that a processing facility of tungsten will occur in the US and owned by own of his family ;-) as that is actually where the money is. To try to get the permits and approvals in this country to get a process that requires alot of nasty chemicals will take years if ever. Sadly the permitting process in this country for everything due to multiple departments is what is holding many things back and seen first hand with some large infrastructure projects.

Champagne Charlie - bottleneck for Tungsten gas OR just having to pay more for it and hence passing that onto customer. Issue with the passing onto the customer is the cost effectiveness of doing the coating in the first place then as opposed to just replacement of the "materials or goods being coated".

Gold miner Dupax was mothballed and hence why the SP has also languished and gold price has not helped.

Was going to ask the question. Are they going to start opening new wells anytime soon and increase production ?

Not sure what some people are after or have no patience. Yesterday the company announced a first sales deal for all that it can offer for 3 months and they even through in the logistics. In one RNS he has effectively commercialised the company for what up until yesterday was still an explorer with the ability to produce but noone to sell it too.

Yes Bo has missed alot of deadlines over the past 6-9 months but that RNS yesterday was the start of the potential growth of the company or a takeover in 3 months time after proving the helium quality etc. Either way i bought more yesterday and now wait and see what the next 3-6 months brings.

Cuckold before the announcement that Dupax was a failure the gold price was up and all other goldies were up but MTL went down and on good volume. I sold out at that point in time as it was the 3rd time i had noticed movement in price PRE RNS either way. So yes i do think MTL is leaky and use it to your advantage.

What a cracking announcement that not only underpins funding but they had an option B for short term funding to ensure the progression of the mine on time until full funding package arrives. Alot going on behind the scenes and great progress.

Leaky leaky we know MTL is so something must be up

The RNS states by end of Q2 but his video stated end of May

Gold is definitely been correcting the past 2 weeks as yields go higher on prospects of higher inflation which is not good for gold. Basically we need this iran war to stop and then get the oil back to a repricing below $90 a barrell to start with and then back to the 60-70 range over a 6-9 month period as restocking will take place in that period and keep it higher. The issue is that Trump does not need to do it as the Republican party main donors for years have been the oil majors and with them exporting alot of oil at higher prices - you get my gist!

Https://br2025.nuprc.gov.ng/media/iiede1qo/ppl307-nigeria-2025-license-round-docx_updated.pdf

Computer909 i think that will be the biggest sign if they have to do infill to prove up reserves - this would very much be the deciding factor that they cannot get finance without reserves without them stating it. I still hold and am hoping that finance can be secured but normally finance is based on reserves and not resource estimates so will wait and see.

The upgraded DFS is also an interesting decision to do and not sure why as the original DFS was very good. The only thing i can think of is that any potential funding arrangement wanted to see the DFS with fuel at current prices as this will be a big cost due to transport arrangements to port in first 2-3 years and current graphite price.

Still alot in the air at the moment in my personal opinion but thats the risk you get with penny stocks and so far he has ticked most things off except financing which ultimately will be SP mover.

"Updated DFS targeted end-May, alongside ongoing offtake & funding workstreams."

End of May here and on video was by end of Q2!! Lets hope we do get some financing news.

Bizarre the discussion about Eboli being anything to do with BRES share price. For anyone with any clue on Eboli - the Zaire version which this is not has an antidote and is treatable. They effectively but not have done as such as it is never been widespread the Sudan or Bundibugyo version have got adapted versions that are currently in advanced clinical trials. This is why the west is not worried about Eboli even with its high mortality rate but the media just like sensationalising these outbreaks.

Reserved would agree - it was a good RNS but the resources and not reserves maybe a sticking point or not with the funders. Time will tell whether we here of a further drilling campaign across beehive to delineate a reserve. All positive speak though by the company and see what happens between now and end of June.