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FYI Pulsar are initiating a PFS for Tunu.

https://www.londonstockexchange.com/news-article/PLSR/engages-sproule-erce-pre-feasibility-study-tunu/17100019

In case LSE are again late posting the latest RNS, here is a link.

https://www.londonstockexchange.com/news-article/HEX/commencement-of-drilling-inez-1/17097644

Paul - Thanks for posting.

I'm pleased that there are now local interests involved. Hopefully, this will help progress matters, but there are a number of issues that still concern me and unfortunately GM does not inspire me with confidence.

I remember the optimism when there was talk of a JV with 2 options being in play. Also, the drilling programme has been very slow.

There was no mention of the issues associated with Oluvil port.

Whilst the initial NPV was promising, I would like to see more certainty about the ability to dredge below the water table which would result in a significant increase in the resource figure.

I will continue to hold, but not with any great confidence unless some significant news is released that addresses my major concerns.

Based on the article, it's a good job HEX is not operating in Arizona.

If the challenges in Arizona are ongoing (I notice the article is dated 13/05/24), I would hope that HEX selects more receptive jurisdictions if acquisitions are being considered.

Tiburn - Thanks for your reasoned thoughts. I agree with your views and also look forward to further company announcements.

There is still an "exploration risk", but with each successful drill, it is reduced.

If all goes to plan at Rudyard, it will be interesting to see what is planned for Ingomar. Keep you calculator close at hand!

In the interview on 20/06/25 Bo states that HEX is fully funded through production on the Rudyard field. Revenue then allows them to drill wells organically.

That's good enough for me.

The following link starts at the point where he confirms the funding position:

https://www.youtube.com/watch?v=0VzAbfToOfw&t=361s

Since LSE aren't showing the interim results RNS, here is a link.

https://www.londonstockexchange.com/news-article/HEX/interim-results/17095664

"We have completed manufacturing of a membrane unit which is currently enroute from Germany,.."

"With first production approaching and a strengthened platform for continued growth, Helix is well-positioned to become a strategic new supplier of helium to the U.S. market."

A positive outlook,

Re partnerships, although the target markets for Mölnlycke did not originally include China, the fact that Mölnlycke have offices in Beijing and Shanghai could allow them to secure some exposure following the conference.

Developing the idea of partnerships and pure speculation on my part, bearing in mind OBI have recently attended a conference in China, could this be market that would be interested in OBI's products?

It is going along nicely; up 16% at the moment.

I hope that it is able to hold, or improve, its value.

Since we are approaching 6 months since the start of the phase 3 trial, we may be due an update. It would be good to know if progress is back on track re recruitment.

With assay results due, resource upgrade (hopefully), possible further offtake agreements and an attractive SP (for me), this is a buying opportunity.

Stas - a good well balanced view.

The CEO commented on 31/03/25 that the recent additional financing allowed them to keep up momentum. I agree that credibility is wearing thin.

I hope the RNS references to Mid July and August are for 2025!

In response to the question: "Does Iran plan to produce helium", ChatGPT provided the following answer:

"On 19 February 2025, Iran's Atomic Energy Organization (AEOI), led by Mohammad Eslami, launched its first pilot plant to extract and purify helium from natural gas

This pilot is designed to produce about 22 tonnes per year of helium — enough to satisfy national demand and reduce imports.

Built in collaboration with an Iranian university, the project uses fully domestically manufactured components and equipment.

Following the pilot’s success, Iran plans to construct a full-scale production plant with greater capacity, aiming both to meet domestic needs and eventually export helium.

Strategically, this positions Iran higher in the global helium market — it is estimated to possess around 17% of known global helium reserves, primarily in the South Pars gas field."

Thaihog -

It appears that you have a better insight into the forthcoming activities, perhaps you can share the specific source of your knowledge. The following information represents the extent of my current knowledge:

RNS: 08/05/25

“In addition to the plans to acquire 3D seismic, the current basis for near term planning is expected to include an extended flow testing of the Leadville formation at the Sagebrush-1 well. This may also include flow testing the Lower Leadville formation.”

Proactive Interview with AC: 9/05/25

Discussed Sagebrush. AC advised re the EWT: “so that will be a few months down the track”

RNS: 16/05/25 £1.25m Placing

“The net funds from the Placing will be used for:- Extended flow test of helium zone at Sagebrush-1 well”

Proactive Interview with AC: 29/05/25

No mention of Sagebrush.

Thaihog - I must have missed the confirmation of the flow testing at Sagebrush; can you let me know when this was announced.

I asked ChapGPT the following question:

Has Blencowe Resources applied for special project status under the EU Critical Raw Materials Act?

ChatGPT said:

Blencowe’s Position:

• Blencowe is not listed among the 47 designated projects under the CRMA.

• Its current EU linkage comes via MSP inclusion and SAFELOOP partnership, both of which are separate funding/recognition frameworks unrelated to the CRMA’s Strategic Projects status.

• There is no news, RNS filing, or Commission documentation showing Blencowe having applied—or aiming—to become a CRMA-designated Strategic Project.

Given the options being pursued, and the progress being made, by BRES, I don't believe SPS is relevant.

The presentation is on Thursday (12/06/25); AM Bejing time. Hopefully, the detail will produce a positive response.

I'm feeling lonely here.

It will be very rewarding if Ondine's potential is being realised.

"This tool highlights the powerful synergy between Ondine's light-activated photodisinfection technology and existing antibiotics and antiseptics-a market valued at $80-100 billion globally in 2024."

I am working on the basis that there will be incremental rises on key milestones; my prediction of 50p is based on:

Current Price £0.2160

Inez#1 drill +ve 10% £0.2376

Inez#2(?) drill +ve 10% £0.2614

Plant on site 5% £0.2744

Offtake deal 5% £0.2881

Production starts 75% £0.5043

Other factors that could affect the SP include:

• Further production wells at Rudyard

• Progress re Ingomar (Sale / JV / further successful exploration)

• Deal re Brainstorm with positive exploration results (timing may be 2026)

• Depending on timing and scope, could a further raise by required or does debt financing become a more likely prospect?