The Name’s One… Helium One 🔥🚀20 Mar 2025 16:27
Like any good spy thriller, the ML saga keeps us on the edge of our seats - plot twists, high-stakes negotiations, and the occasional villain (market sentiment, of course). But let’s cut through the suspense and look at the most realistic outcome.
HE1 is reviewing the ML offer carefully, which makes sense when you consider that a JV structure is involved. Tanzania’s free carried interest (FCI) is non-dilutive, meaning HE1 doesn’t have to fund the government’s share - good news. The question is: how much of the pie will HE1 keep, and what do we gain in return……….
A balanced outcome would likely see:
✅ ML accepted—clearing a major regulatory hurdle.
✅ Tanzania’s stake potentially increasing slightly (20-30%), but with a stable framework for development.
✅ HE1 keeping majority control, ensuring commercial flexibility.
✅ Focus shifting to funding & helium monetization, the real game-changer for SP.
Market reaction….. A reasonable 2p-4p re-rate seems fair given the removal of uncertainty and the shift toward project execution. No moonshot hype, no doomsday panic - just progress, which, in a market desperate for stability, is a win in itself.
So, while we wait for the next scene in this Bond film, let’s hope Lorna delivers her Licence to Drill soon. The martinis can wait - progress is what really shakes (and stirs) this stock. ⏳💨 🔥🚀
(I could dive into the bullish sentiment, but I’ll leave that for another episode - no need to spoil the plot twist just yet) 🔥🚀