Member Info for Porky9

Helium in price squeeze as major new supplies fail to materialise
“Cain has had a consultancy relationship with multiple exploration companies searching for primary sources of helium, including London-listed #HE1 which is advancing a project in Tanzania”
https://mobile.twitter.com/Heliumone1/status/1486976827310710786

Interesting that HE1 just put out the above tweet.

With Helium prices increasing by over 50% not to mention the supply crisis makes bringing this Helium facility online even more attractive. We will attract a lot of interest imo.

A detailed evaluation report and ideally a JV with a Major is what we need to see now.

Looking forward to his update. Ideally we hear something over the next few days. This quarter is going to be fairly significant for Helium One. Exciting

GLA

@Dixywrecked
Yes, and if my mum had wheels she would be a bicycle
By your logic:-
I'm holding out for £2+ to exit. fingers crossed

You need to be patient with investments, here DM is about to release crucial information that will likely have a material affect on the Share price any moment.

Its a high risk / reward play where the rewards could prove to be significant
Lets see what he delivers
GLA

@Sang
I tried to contact the fund directly myself, they were still trading.
At the end of the year they actually brought shares at a low level in another business. Forte was totally closed off. They took the hit. There was only like five companies left in the fund portfolio and it was disproportionately 4D.
My initial thought was a rebalance but the selling continues, so i don't know if he will stop at say 3% or is closing out.
Currently expecting another T1 around Valentines day

I'm not in any rush here....
But if retail are buying and Auto trades take them out. After a while it becomes annoying.

I'm not going to do it but if i did a 100,000 share buy now at 40p a £40k order, the SP would inch up then within a short period you would see Auto sell £6k, Auto sell £5k, Auto sell £700, Auto Sell £400 Auto Sell £4,200, Auto Sell £5,200 or something similar, either blocks or then a few auto buys for £100 but the entire Buy would be absorbed.

If we close Blue tonight i will consider it a good day after yesterdays rise.

DM highlights in the recent interview that apart from HE1 having a busy quarter the next move is that having the team analysed and reviewed the data he intends to: -

* Talk about 2D Seismic Results

* Bring some of that detailed information to SH

* Signing an MOU with a rig provider

And moreover, Confirming in DMs words

“What we’re drilling, where we’re drilling, who we’re drilling with & When we are drilling”

Every day is day closer....

GL

@Sang
Oh i doff my cap to your amazing knowledge - Not
You don't have a bloody clue as far as i'm concerned. Yes you have researched the business, so have i
BUT the business is not is question - i think its an amazing business - its events outside its control that is the issue here

I tell it how it is and I'm not shy of risk, I could drop another 250k into this i wanted. That's not to boast, its a reality but i research and i look at the entire picture and i have enough exposure. Once SO is done and the shorts start closing i will be adding and you will know about it.

You can ignore my post all you like, you can make up false reasons for why you think i'm saying what i am. Many do. I don't care.

BUT, do one thing today...

We can both agree that A trades represent Funds and II with direct access to the book - YES?

Go back to open today. WE have had 412 trades at the time of this email

Ignore the O retail trades
ADD up all the A Sells in Red
ADD up all the A buys in Red and deduct those buys from the sells.

You will see the A sells yet again massively out number the buys - so which II is selling???? Hmmm, well its not Merck, its not the others the position remains static.... ohhh could it be SO????? I do wonder.... NOT

Give me a break, Its clear as day you just choose to ignore.

No, his average by my calculation is about 27p

The fund has been constantly buying and selling imo from early on taking profits and buying back. Since the first RNS issued on 19th August 21 and EVERY three weeks or so after, circa 1% a time. Sucking about £1 to £1.25m worth of value each time.

If volumes are high on news, retail buy and the percentage of auto sells are increased.

Firstly when this came to market the mcap was about 35m, we are now at 72m so its up but its materially undervalued.

Sorry Sang but as i say, i bloody love this business, but this fund is a total drain. Its worse than a rights issue, at least you know where you stand with a right's issue. Todays presentation was sound, retail have been buying today but look at the Auto sells we are like a few percent up we should be bloody flying today....

If i wasn't bothered i would not post, but i am, my position is underwater. I could add here BIG time but i'm not until this f'witt has gone, that's how i see it - ****@d about it tbh.

DYOR and make your own calls

Sang,,

You are the biggest swing trader known to man, you have just brought in and are now going long so starting to tell everyone how great it is.

I have NO concerns regarding this business, i bloody love it, i have a large holding. IM saying i am no longer adding until SO has finished - look at the Auto sells here, every F'cking day, blocks of Auto sells. You get a few Auto buys to pump the price, retail move in and bang, either a stack of Auto sells or a few chunky Auto sells ones. Bottom line he continues to offload.

Look at the daily trades, ignore all the retail trades just add up the Auto Sells and deduct from the Auto Buys and you have your answer.

There are 7m of shares short, its bloody ridiculous, why are these shorts not closing????? I tell you why. because they know SO is still selling. Heck for all i know SO could also be shorting knowing his fund is selling into the market.

It will right in time, just need to go through that pain barrier. Not long to go. he only has 10m left to sell. I will add at some point further big time but its not now. If i miss adding further at the bottom i will take that risk.

Enough Is enough now, I would be grasping the nettle and resolving the South Ocean Capital constant selling issue.
I would be picking up the phone to Steven Oliveira and saying your last TR1 on 24th Jan states you have 10.7m of shares left. May we ask what your intention is?

Your constant selling is supporting shorter’s which are also feeding off your selling and our value is continually declining.

Now:

IF Steven says he is selling the lot and closing out then, Duncan needs to look for an investor to take over that holding.

IF on the other hand they confirm they are looking to rebalance their portfolio and intend to hold 3%,4%,5% or a specific number, I would see if Steven would agree to some kind of statement to the effect that they intend to hold X percent and have no immediate need to sell further.

A statement of that nature would be good for both parties as it would draw a line under the selling and restore investor confidence.

Next I would do a director BUY at the current market rate and convert some of my share option at 53p. For example BUY 100k at current price call it 40p and 100k at 53p, average 46p

Duncan must restore Investor confidence.

As I see it, this constant selling by SO is enough to drive shareholders crazy. Currently I am not Adding here and everyone knows I am an investor that is not risk adverse but enough is enough. WE have had three good updates here but they just get sold into.

His core holding is at 27p. He added in the placement but that was sold shortly after. IMO, he can afford to sell this right down to 30p and still keep profit.

This will be a reality if Duncan doesn’t act. Alternatively, we have to sit it out for about another 8 weeks towards the end of this quarter when he should be out hopefully by then and the cancer data readouts follow and we can start rebuilding.

Many other Investors will be sitting here thinking the same.

GLA

@DirtyDozen13
Of course you are right that the true value would be greater further down the line with significant volumes being extracted but every man has their price;

If Total turned round and said to Ian we are going offer £2 a share, that would give you £22m to go now and DM would get £500k but we will give him a £1m a year over the next three years as earn out deal to support the transfer. Are you saying they would say no? Might be further negotiation and adjustment but a deal would be done imo.

Also the majors need and are active looking for green plays, the level of interest here will be huge, step one is to prove the extractable volume then deal time imo

See how it works out

Well it has to help whilst we await the main cancer data read outs
Hopefully will create some interest and force shorts to close but if SO continues to sell into it then the lift would be short lived. But as a positive if SO does sell into it we have a window hopefully to clear him out quicker before the main data readouts follow.
Lets hope so..
GLA

@KeithOz raises some really good points

Personally, as I stated before, whilst I can see merit in extracting liquid Helium from this resource in phases, I’m still of the opinion that a JV with a Major or an outright sale to a Major is the way forward.

For me it’s the sheer scale of this project. I mean come on you are probably talking about 144 rigs or more across this basin, you are talking a vast area here. You can see from the satellite images the Helium is literally oozing out of the ground in some parts, so its clearly a case of having rigs situated in the right places to meet the main seams.

DM highlights in the recent interview that apart from HE1 having a busy quarter the next move is that having the team analysed and reviewed the data he intends to: -

* Talk about 2D Seismic Results

* Bring some of that detailed information to SH

* Signing an MOU with a rig provider

And moreover, Confirming in DMs words

“What we’re drilling, where we’re drilling, who we’re drilling with & When we are drilling”

Now as far as I understand it, they recently closed off the position with Mitchell Drilling. They are a fairly established rig provider in this region so I might be wrong, but I can’t see DM just going for another firm for the sake of it that’s similar to Mitchell? He was out recently in the middle east looking for support, he must have reasons for that. Which is why I believe ultimately a JV with a Major more likely.

That being said, I guess it’s valuing the asset is the first stage. If the team can accurately prove the volume of extractable Helium in the ground, then offers will be flying in.

As it stands Minchin himself only holds quarter of a million shares unless he has some other options, but the Executive Chairman Ian Stalker owns 10.9m so a fairly substantial holding. An offer of a few quid a share I’m sure a deal would get done.

This resource in the hands of a Major would be producing billions of values.

Could well get very interesting.

Before we go into values and likely suitors for a JV or talk of possible acquirers, lets just consider the current worldwide state of play and who needs Helium: -

CONSUMERS OF HELIUM

Well apart from the main use of Helium within the medical sectors for use in MRI equipment, MRI Magnets etc 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. ...
* Computer hard drives. ...
* 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 high value asset, Consumption of Helium is on the increase and the cost of Helium has been going up in recent years.

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

So, if the above are the consumers, the USA remains the biggest exporter then you cant rule out, as per @keithOz post 02.26 that the HE1 asset would be of significant strategic value to not just the USA but also China and many other countries that would like direct control of own supply.

Interesting times

@Hopeingmore
If you could back off from crl123 please, you have no idea what is going on in others lives.
Besides, sang changes his position more times than his underpants. When he is short or out, he is reminding us all of the negatives and being a royal pain in the arse and when he is long or buying back in he is suddenly positive.
He brought back in on the 24th hence positive .... for now.

However, much as i want this to recover we are possibly looking at another 10 weeks before SO is completely out. The fund continues to sell into the gains. Its about 1% every two and a half weeks. Once that's done its onwards and upwards.

If the data readouts come earlier then that might push us up and he can clear his position quicker if that's what he wants to do, GLA

Happy New Year to you DRB, although now feels like a distant memory..
How is my brother from another mother?
Still banging the drum, fair play to you..
CO won't have it we are two different people, even when we both posted at exactly the same time just before Christmas, mind you having to work two keyboards at the same time took some practice :0
Sorry you missed the cruise... joking apart would be great to meet you one day, I love your energy and your research is top draw.
Anyhow, he can think what he likes...

You could argue it's an oversold recovery play now, £130m mcap down here, yet £101m cash at Bank and delivered £36m EBITDA on the year. Bloody ridiculous, you couldn't make it up, but always has been since the shorter's moved in and SH Comms is poor to defend. But of course at some point short's do need to be brought back.
Numis in with BUY rating and £4.10 Target has to help, heck that's double your money. They don't put their name to something and put out a BUY rating in a business they don't trust.
Anyhow, keep up the good fight, Once DHSC finally gets closed off the picture will be materially better but you know that anyhow.
Take Care
Pork's

@AngelsOneFive
Zillions of investors out there have never even heard of Helium One, let alone taken a position in it yet.
All still to come
As further updates drop so does the coverage, so II start to take notice, so do family offices and larger investors, so do the Majors out there that might want to acquire or make some kind of move.
Its all to play for imo

Looking forward to hearing from DM soon and in the meantime, in the words of DM he welcome's here all NEW investors and OLD. The journey north in relation to the Share Price has just started.

GLA

@LaidlawEFC
Free flow stock is fairly low
Buying interest increasing
Won't take much to kick this to 14p before the run to the 20s.
Position materially oversold RSI now moving up
GLA
Will see but a 14p close is not impossible, JBER are currently already 13p

A break of 14 today would set us up nicely for tomorrow
GLA

*without

Not possible to take a project on of this size without a JV deal done