Member Info for Porky9

@Iceman888
With respect don’t make make false allegations regarding what you think my portfolio is doing based on some of the stock boards I post on. I had a VERY solid 2021 year performance. I invest my time on boards where I consider the Sp is underperforming.

I have no sinister objective here, fact, the market is currently full of opportunities, I’m simply replying to the debate. Appreciate that you don’t like my post but contra it with facts don’t insult me. Tell me where I’m wrong with my analysis?

It’s tough for businesses at the moment

@PM2022
You really have me totally wrong, I have given sound reasoned and balanced argument regarding the position here, i am a shareholder after all. Now we debated this and we have to see how event's unfold that is the bottom line. We have a different view that is all but, long term the investment is sound, I stand by that, these are mere bumps in the road.

Business is bloody hard, it's not all roses and not everything runs to plan. Suzy is doing a terrific job at the backdrop of really challenging economic conditions. Now we still have over two weeks to go so every chance that they can get the deal over the line BUT it could still be delayed for whatever reason, events outside of their control. That's not an insurmountable position but the BOD would need to make provisions for that, it makes logical business sense.

Now my view regarding a need for a placing is quite simply because:
a) Even with the deal over the line they would remain bootstrapped and as such i believe need more working capital anyhow. They have little wriggle room imo. It is only my opinion. You disagree, fine.

b) if they can't get the deal completed then more capital would be essential as they run out of working capital in May, i am not making that up, read the CENKOS report and i don't buy into CENKOS view that the 650k short fall for the 22 year without the deal would be met by bank overdraft. Sorry but Banks are crap, they do little to support small businesses IMO. I put the chances of a bank overdraft that high for Valirx with limited income coming in at next to zero, sorry.

c) In the last presentation they discussed the need for a lab. We discussed it here. Even RB considered 3m to 4m a likely lab cost. As such, IF this is now part of the business plan going forward that cost can only be met from a placing. Unless a curve ball lands like 301 or 401 comes in with a big cash upfront to cover it. Not impossible

So to conclude; my position is that i am 90% sure a placing will happen here. Hence why I'm not adding currently at the moment but will likely support a placing. I could well be totally wrong, its a discussion point.

Next we come onto a placing price; what is a reasonable placing price, IF IT HAPPENS in the current climate:

Firstly, as CENKOS has warrants at 22p in my considered opinion nobody in their right mind would support a placing above 22p knowing the house broker can profit. Not going to happen. Secondly, the last big placing that Nick and Adam supported was at 6p, then further other issues were at 7.5p and some warrants were cashed at 13p was it?

As such, i know you think a placing IF it happened would be high but i don't share that same view. Its bloody tough at the moment. I wont put an estimate on it for fear of being accused of de-ramping but i see it at a significant discount to where we are today especially if its to support working capital should the deal get delayed.

We will all know how events unfold soon enough

I'm hoping it continues running next week as I'm still underwater on my main holding. Hoping that an update on Blauxtix could help move us up but even with the 8.5p rise on Friday I'm still not convinced. Seen it all before.

We are still in a down trend cycle, not broken out yet, it really comes down to IF SO has finished now and IF more investors have something positive to buy into next week. BUT so far so good, bloody nice to see a shift up rather than down for a change.

See how events unfold

GLA

He can't state something at a presentation that is NOT in the public domain.
Hence, if he wanted to discuss drilling locations, the where when and why or an MOU agreement or any kind of JV arrangement, or if David wanted us to vote on something, David would need to publish an official notice of same before the presentation.
He can publish a notice at 3.59pm if he wants as long as its in the public domain before he talks about it.
The reason for this is he is not allowed to disadvantage shareholders that can't make the presentation.

At the end of the day, we all want to know the key information. He might not yet be in a position to tell us and just runs the presentation as a formality BUT frankly, by now he must have a bloody good idea regarding drilling locations at least??

See how events unfold

f we can flush SO out now and build on the rise with some positive updates we have half a chance. If no updates then we risk it being sold into. Cracking start see how we go next week

We wait as wait does..... little song as we await updates and a big move forwards...

"Hurry boy, Helium is waiting there for you"
It's gonna take a lot to drag me away from HE1
There's nothing that a hundred men or more could ever do
I bless the rains down in Tan….zania
Allows completion of the ERTs and Seismics they never got to do (ooh, ooh)

No Josh, you need to join with a mobile and i cant be ars@d with that.

@Turbot1610
Just for you - Snap Shot of L2 - Live this second:-
https://mobile.twitter.com/Porky9Here/status/1502243284260986885

4 Chasing the BID and only 1 on the ASK
Could get real interesting yet today...

Likely we do need that BIG update to drop to materially move the Share Price incl Phase ll seismic data with the ERT results, the MOU rig provider, What drill, Where drill, Why target, Who with and When Spud and you never know Hopefully some JV news....

It will come in time, hopefully David will throw us a bone for Monday open ready for the afternoon AGM Session

GLA

£25m for a bit of computer code that hasn’t proven to mine anything yet. Still this is AIM and it’s sure to fly.

As they say if you can blind the kids with science, baffle them with bullsh@t

Have fun...

The official ASK was 10.40 and BID 9.80 but we know the trading was a lot closer with MMs paying just over 10 on the BID for much of today.

However, if the 300k trade was transacted at 16.40 the BID on that price would have been much lower imo. As we closed up on the afternoon session it looks to me more like the transaction was at lunchtime but not listed until much later. It is possible it was a BUY but agree more likely a sell. Either way, the deal was absorbed.

If there was something negative and information leaked, I would be REALLY disappointed in David. If he wants to ultimately eat at Top Table there must be a high level of professionalism to go with that and there is no room for leaks from the management team.

Anyhow, benefit of the doubt for now, lets see how events unfold. In the grand scale of things 60k of stock is not that great a deal. 194k of BUYS today and 158k of SELLS. close up quarter of a pence. Granted without those two sells today we would probably be closing north of 11p tonight. Anyhow, it is what it is.

GLA

Hope that there is a small section on the Addressable market size and the dire state of the current Helium Supply market.

That's a superb link compliments of poster InvestingGoals:-
Link to Edelgas discussion on YouTube video regarding the helium market
https://t.co/kDdtJYD5UB

We already knew that prices were in squeeze going from $280 USD per mcf to between $450 USD to $500 USD per mcf. I noticed one supplier at just over $600 USD mcf last week. The prices are getting ridiculous. The guys on the Edelgas discussion are talking about price's as high as $1,800 USD per mcf. I mean can you just imagine that??Just obscene.

But we have to accept that Helium is a finite resource at the end of the day. Helium is the only element on the planet that is a completely nonrenewable resource.

Russia was intending to supply 35% of the market which was going to support a reduction in prices but, even that resource is screwed due to fires and distribution issues and anyhow, lets face it, the West won't touch that supply now due to the political situation, hence supply will get squeezed even further now.

The resource here at HE1 is the cure really to the supply issue. Worlds biggest Helium Resource. If David can prove that the seams are sealed capturing the Helium and accessible, i believe the Share Price upside here will be stratospheric. I know brokers last year were suggesting north of £1.20 but i really think its going to be just massive.

This remains a speculative play but risk / reward here i just love. Looking forward to a really positive meeting on Monday afternoon. Lets get this resource proven and online asap now. The world needs it.

GLA

Don't forget guys:-

AGM with Investor presentation on Monday at 4.00pm and accessible via the Investor Meets Platform
Free to use, Get Involved
Questions can be submitted live during the meeting and also in advance
https://www.investormeetcompany.com/helium-one-global-ltd/register-investor?

Lets Go....

It's clear to me David is lining all his ducks in a row before a major reveal
Matter of time now

I'm just adding here as funds allow.

Mondays AGM is going to be boring if David has nothing new to add.....

DM before the the turn of this year:-
“We’re an exploration company but in six months we’re going to be a development company working on a globally strategic project,” Minchin points out. “We’re building the world’s largest helium project and have to grow rapidly to seize this opportunity. We want to make sure we have the right contacts and the right people to achieve this goal.”

Meanwhile, if the next RNS lands informing us of further details regarding :-
* Phase ll seismic results with the ERT
* MOU rig provider
* What drill
* Where drill
* Why target
* Who with
* When Spud

Then its off to the races guys, and we cant be that far off now, surely.....

GLA

What's the betting that Biosynex SA are increasing their holding?
Odds on......?

Well the volume is low but building so even a 10k buy or sell has an impact.
We have a few traders as well in and out with small amounts but the the decent chunks are going into sticky hands.
I'm just adding myself as funds permit. Short Matter of time IMO before we see a step change move up.
If I'm honest i did think David might throw us a bone before Monday's AGM but perhaps not.

Currently we just have INV chasing the ASK the house broker LIBC at 10.7 and JBER sitting at 12p so it really wont take much for this to move. PEEL Peel Hunt trying to get stock in which is interesting... perhaps they have a big international buyer lined up,, we can but hope...

Good luck All

Well it’s looks like they went for it based on 25p
What’s are they thinking ?

Well with the ongoing squeeze on supply and the continued increasing demand for Helium, the reduction in USA supply and lets face it a desperate dash now to find an alternative supplier as nobody is going to go near Russia's Helium, which was going to account for almost 35% of the worlds supply, it sure is going to hot up here...

Let's just consider for one moment the current worldwide state of play and who needs Helium, it's not just about party balloons now is it: -

CONSUMERS OF HELIUM

Well apart from the main use of Helium within the medical sectors for use in MRI equipment, MRI Magnets etc, the other big consumers include:-

* Heliox (Helium / Oxygen) mixtures in respiratory treatments for asthma, bronchitis, and other lung deficiencies. ...
* High speed Internet and Cable TV. ...
* Mobile phone, computer, and tablet chips. ... apple is screwed without it
* Computer hard drives. ... Cooling data centres.... Google, Microsoft screwed without it
* Cleaning rocket fuel tanks. ...
* Microscopes. ...
* Airbags due to its rapid expansion capabilities

BUT the big elephant in the room is that the biggest consumer of Helium is in fact NASA. They use almost 75m cubic feet of Helium a year and this is followed by the US department of defence which uses significant quantity to cool liquid hydrogen and oxygen for rocket fuel.

So, to sum up, the Explosive growth in the semiconductor and healthcare industries as well as space and quantum computing have been driving global demand in helium.

Make no mistake Helium is a high value asset, Consumption of Helium is on the increase and the cost of Helium has been going up in recent years and that was before the squeeze started. It's also a Matter of time here before someone makes a move on the business IMO. Total anyone????

It is after all a non-renewable resource on earth.

So, with the above in mind and that the HE1 asset would be of significant strategic value not just to the USA but also China and many other countries that would like direct control of own supply now, we are sure onto a winner here.

This remains a Red Hot Buy. It will be the star performer in my portfolio for 22 IMO, watch this space.

Interesting times

GLA

Lets not forget that DM recently Confirmed:-
“Helium is bubbling up at surface at our projects in Tanzania at up to 10.6% He, this is 50 to 100 times higher grade than other resources currently in production. It is the largest and highest-grade helium project in the world, with potentially strategic implications for global supply – and does not involve hydrocarbons.”

AND in the middle of last year he had already said:-
“We’re an exploration company but in six months we’re going to be a development company working on a globally strategic project,” Minchin points out. “We’re building the world’s largest helium project and have to grow rapidly to seize this opportunity. We want to make sure we have the right contacts and the right people to achieve this goal.”

Now, whilst i appreciate we can only discuss what we are picking up in the market and his recent comments, i don't know about anyone else but it looks to me that this stock is currently really well positioned to gap up any moment, all his ducks are now in a row, frankly its going to be explosive and the next update here could well light the fuse here.

I am still utterly convinced this is going to go JV, its clear from David he wants to scale, we have already discussed the shear size of this project, its got to be done... matter if time.

Meanwhile, if the next RNS lands informing us of further details regarding :-
* Phase ll seismic results with the ERT
* MOU rig provider
* What drill
* Where drill
* Why target
* Who with
* When Spud

Then its off to the races guys, and we cant be far off now. Will we get anything further today???

GLA Exciting times...