Member Info for RKBeekeeper

Life after AQUIS

Mendel Helium moved to AIM on the 16th of June (exactly two weeks ago)

There has only been one small trade on AQUIS of 1,204 shares @ £0.049p

From tomorrow we will have fully transitioned to AIM and ceased trading on AQUIS.

We will finally have the clean, single market structure the company has been working toward. Over the past two weeks there was only one tiny AQUIS trade of 1,204 shares — a clear sign that the market had already shifted its attention to AIM.

Being exclusively on AIM is a real advantage. It removes the split liquidity issue, eliminates confusion over where trades are taking place, and ensures that all mainstream share dealing platforms can now access and trade Mendel Helium shares directly on AIM. That means better visibility, better volume potential, and a more straightforward route for new investors who previously couldn’t buy through AQUIS restricted brokers.

A clean single listing is exactly what a growth stage helium company needs as it builds momentum. Tomorrows move puts Mendel Helium on the proper stage for wider market participation.

Importantly, Mendel is not just an AIM newcomer — it is already a helium producer. The Rost 1 26 well has been generating revenue since December 2025, producing helium at a minimum of 5.1%, which is exceptionally strong by industry standards. With the current Middle East supply disruption pushing global helium prices higher, the economics of a producing well like Rost 1 26 become even more attractive. Mendel enters AIM not as a speculative explorer, but as a company with real production, real revenue, and real leverage to rising helium prices.

Tomorrow marks the moment Mendel Helium steps onto a bigger stage, with a cleaner listing, stronger visibility, and a producing asset benefiting from favourable market conditions.

RKB

Good Morning Muttley00

Have you tried to buy 1 million shares?

There are no shares to buy, most people are holding onto their shares.

I believe Hot Rocks have cashed in a few shares since we moved to AIM. They will exercise some of their Warrants.

Now what did Nick say on X yesterday about the Helium concentration? 😊

RKB

Warrants @ £0.06p

In June 2024 almost exactly two years ago, Voyager Life issued an RNS to say they had an option to acquire M3 Helium, which they finally achieved last month.

Warrants were issued in June 2024 as part of a fund raise and as it was one warrant for two shares, subsequently there were 19,863,344 warrants issued at £0.06p.

On this fund raise it was split in two as Voyager Life had to hold a GM for shareholders to approve the issue of additional shares that the BoD did not have for the full amount of the fund raise.

Subsequently, it is my understanding that the expiry date of these £0.06p warrants varies.

Some warrants expire on the 4th of July 2026 and the others expire on the 19th of July 2026.

Nick has 1,318,617 £0.06p warrants that expire on the 19th of July 2026.

RKB

PS As the 4th of July 2026 is a Saturday we only have 6 Business Days for the first £0.06p warrants to be exercised or expire and I think they will be exercised.

Good afternoon SashaCh

I disagree. Maybe if you email Mendel Helium and ask the question you will be pleasantly surprised.

It was not the 10th of December it was the 15th of December.

“Flow rate at Rost has been measured at 250 Mcf per day - a 132% increase over the last measured rate in November 2025, equating to a potential value of approximately $3,800 of helium per day or approximately $1.4 million per year.

“Rost is now flowing gas even when the pump is turned off.”

Nick Tulloch, Chief Executive Officer of Mendell Helium and Chairman of M3 Helium, said: "I've spoken positively about Rost for some time now but today's news takes the project to an entirely new level. In less than three months since operations began, Rost has already reached a flow rate corresponding to revenue potential of over $100,000 of helium per month and close to $1.4 million of helium per year.”

RKB

Dummy Trades

Now that we are on AIM and HL were up and running not long after the bell on Tuesday, I no longer must pay silly Telephone Dealing Charges.

On the Tuesday, they would take 1 million shares, no problem, but yesterday the most they would take was 100,000. (I have not sold any and I may have bought more)

The advantage of doing a dummy sell is that you can see the current price and then make your decision (I know the guys & girls with Level 2 can see more information, but I do not have L2)

With Nick intending to go to USA next week I don’t think it is for the football so there hopefully will be an informed update.

As our Year-End is end of March, then by Wednesday 30th September 2026 we will have our Annual Results published.

As we know our Rost Well has been producing from late November-early December we will have the income which should be 4 months and at a minimum of $466,666 (Nick said on 10/12/25 $1.4 million for 12 months)

As the price of Helium is currently elevated due to a numpty who runs Hotels and oversees a large country, decided to throw his considerable weight around in the Middle East, the price we are now receiving for our Helium should be substantially increased.

RKB

PS Dummy Trade @ 14:23 would take 300,000 maximum shares @ 4.533p

There are 93 trades on LSE South East.

Chat has moved over there but Robsaunders99 can stay here.

RKB

Warrants

Currently there are Warrants @ 3p 4p 4.5p & 6p

Some warrants are due to expire on 27th June 2026

Some warrants are due to expire on 19th July 2026

Some warrants have a clause if the mid-market price is above £0.10p for 5 days then they must be exercised.

Some warrants have a clause if the mid-market price is above £0.15p for 5 days then they must be exercised.

Nick purchased some Warrants on the 10th of November 2025 and there were 1,318,617 Warrants @ £0.06p due to expire on the 19th of July 2026.

If Nick does not want to incur a loss on his £0.06p Warrants and he was to exercise them by 19th July 2026 then the share-price would have to be north of £0.07p

If our share-price is say £0.10p for 5 days, then that has a snowball effect on the £0.04p warrants which could then have a domino effect on some £0.06p warrants.

RKB

PS I have pencilled in Tuesday 16th June 2026 for our AIM Admission.

I am sitting in the sun in Málaga with a glass(or two)

BoD etc 129,783,211

Hot Rocks 5,850,000

PI's 49,368,325

Total 185,001,536

RKB

For VoD read BoD

BoD etc as per website 129,783

Hot Rocks 5,850,000

PI's 49,368,325

Total 185,001,325

RKB

Website Updated

Today our website was updated.

Have a look as there have been changes regarding our leases and Rost Twin.

Interestingly the Major Shareholders have a new one called Invexo LlC with 30,554,960 or 8.97%

Then there is Premier Milton Plc already TR1 with 53 Million or 15.55%

I will let someone else add up the total % including PI's and Hot Rocks and VoD and you will see how little there is left for new investors.

RKB

MDH verses HEX

Torino, you will just have to be patient, Nick will have us on AIM soon enough and no shareholders will be disadvantaged by the AJ bell deadline next month.

HEX put out their RNS this morning about their Helium Sales Arrangement.

I believe HEX are producing from three Wells and @ 1% and they are (for next three months getting the Spot Price)

If you were to read all of HEX’s RNSs then you would see that they were aiming for “Two new production wells to be drilled, potentially allowing pre-tax cashflow of $20 million per year in the first six months of production.”

With MDH we have been producing a minimum of 5% Helium from Rost from late November 2025 and have received revenue from December 2025, that’s 5 months + of cash and I would expect some of the recent sales will have been at spot prices.

MDH have Rost Twin Well and our partnership with Ritchie Exploration.

So, Torino, I think you are wrong because Nick, Paul, Eric & John are “on it.”

RKB

PS From RNS 15th December 2025 “With a line of sight to developing new wells in Fort Dodge with prospective financial and industry partners, these works are providing the blue print for larger scale operations.”

No General Meeting Required for AIM Move

As MDH have completed the purchase of M3 Helium it was confirmed yesterday that no further GM will be required.

Nick & the BoD were aware of the AJ Bell email last week and as it so happens, one of the shareholders present yesterday, had a copy of the email and I had screenshots, so we had a good chat about the AIM move, and I believe it will happen.

RKB

PS Bannister, if you had attended the GM yesterday you would have been enlightened.

100%

RKB

General Meeting this morning

There were only two shareholders present (excluding BoD) myself and a friend whom I drove up to Perth with.

This was the most informative GM / AGM I have ever been to in 20 years.

We both had all our numerous questions answered frankly and informatively.

We also were introduced to a new member of staff, a very nice young lady who is Nick’s assistant.

Unfortunately, I am not at liberty to Post what was said this morning but look at the PS below.

RKB

PS Canaries & Trojan wise move.

PPS I do not normally Post an “Opinion” but after this mornings GM I had to let you know.

Good Morning TrekMadone

I agree 100% with your excellent Posts about the “Path to 100p” and I think you are being conservative.

What we do not know is did “Mendel Helium” pay for the Share Talk article or was it normal small Capt Company coverage?

The points that I think should have been included (because the £5 million fund raise was 10 days previously) are

1) £5 million raised @ 4p to accelerate the development at Fort Dodge and complete the acquisition of M3 Helium.

2) Operation Update, Rost 2-26 completion operations underway with the larger 7” drill bit.

3) Schneweis Ventures 13 recompletion scheduled for later this month.

4) Expansion plans, Drilling 4 additional wells and constructing a second helium purification plant during 2026.

5) CPR Report has resource estimates for Fort Dodge prospective helium resources of 2.12 – 9.78 Bcf (BILLION) with illustrative in-ground valuations.

6) Potential dividends from 2027 subject to successful execution.

The above Points, I believe if they had been included in the Share Talk article would have materially strengthened the article’s depth and investor relevance and would (could) propel our share price towards TrekMadone’s 100p target.

RKB

Share Talk Article

Https://shorturl.at/cyg2G

Part 9

“Retail investor conclusion

“Mendell Helium now finds itself at a different stage of its development compared to just a few months ago. What was previously a steady, production based story has begun to evolve into something more dynamic, with clear signs that the company is attempting to scale its operations. The movement in the share price reflects this shift, but more importantly, it reflects a change in how the market is starting to interpret the underlying business. The focus is no longer just on proving that helium can be produced, but on demonstrating that production can grow.

“The building blocks of that transition are now visible. Rost has provided proof of concept within the Fort Dodge system, while new drilling, targeted funding, and operational partnerships are beginning to establish a pathway toward expansion. The planned move to AIM adds another layer, potentially increasing visibility and access to capital at a time when the company is moving into a more active phase. Taken together, these elements create a more structured and forward looking narrative than was previously available.

“At the same time, the opportunity remains early stage. The success of the next phase will depend on the company’s ability to replicate production across additional wells and to maintain operational momentum. This introduces both risk and upside. For investors willing to engage with that balance, the current stage offers a clearer view of what the company is trying to achieve, even if the outcome is not yet fully defined. The direction of travel is becoming more evident, but it still needs to be confirmed through delivery.

“In that sense, Mendell is no longer simply a small helium producer operating below the radar. It is becoming a company that is beginning to demonstrate how it might grow into something larger. The recent re-rating suggests that the market is starting to recognise that shift, but it is unlikely to be the final word on valuation. As drilling progresses and production expands, the next phase of the story will be shaped by results rather than expectation. For retail investors, this is where the story becomes more tangible, and potentially more compelling."

“Disclaimer: The information presented in this article represents the opinions and research of the author and is provided for informational purposes only. It is not intended to be, nor should it be interpreted as, financial, investment, or legal advice. Investors are encouraged to perform their own due diligence and consult with qualified financial advisors before making any investment decisions. Investing in small-cap stocks involves significant risks, and past performance is not indicative of future results. The author and publisher are not liable for any financial losses or actions taken based on the content of this article.”

RKB

© Share Talk 09/05/26

Share Talk Article

Https://shorturl.at/cyg2G

Part 8

“Risks and what still needs to be proven

“Despite the recent progress, Mendell remains at an early stage in its development as a production led helium company, and there are still key risks that need to be considered. The most immediate is execution risk. Moving from a single producing well to a multi well production base requires consistent operational delivery, including drilling success, stable flow rates, and effective field management. While Rost has demonstrated that production is possible, the next phase depends on whether that performance can be replicated across additional wells within the Fort Dodge system. Until that is proven, the scaling story remains partially untested.

“Funding is another important factor. Although the recent £700,000 placing to fund a production well supports near term activity, further expansion is likely to require additional capital. This introduces the potential for dilution, particularly if the company continues to grow its drilling programme. The key for investors will be whether capital is deployed in a way that drives measurable increases in production and value, rather than simply sustaining operations. In early stage resource companies, the relationship between funding and delivery is often a defining factor in long term performance.

“There is also operational and regional risk to consider. While Kansas and Oklahoma are established producing regions, individual well performance can vary, and not every drilling programme delivers consistent results. Factors such as reservoir characteristics, pressure, and infrastructure integration can all influence output. As Mendell moves toward a broader production base, maintaining consistency across wells will be critical. Variability in performance could impact both production growth and market confidence.

“Finally, market dynamics remain relevant. Small cap resource stocks are often sensitive to sentiment, liquidity, and broader market conditions. The recent share price move reflects improving perception, but it does not guarantee continued upward momentum. As the story evolves, the market will increasingly focus on results rather than expectations. For retail investors, this means balancing the growing potential of the company against the reality that key milestones still need to be delivered.”

RKB

© Share Talk 09/05/26

Share Talk Article

Https://shorturl.at/cyg2G

Part 7B

“The recent share price movement reflects this shift in perception. The move from below 3p to above 5p suggests that investors are beginning to look beyond the initial production milestone and toward what could follow. At the same time, the move has not been excessive or disconnected from fundamentals, which supports the idea that this is a measured re-rating rather than a speculative spike. In that sense, the market appears to be responding to evidence of progression rather than anticipation alone.”

RKB

© Share Talk 09/05/26

Share Talk Article

Https://shorturl.at/cyg2G

Part 7 A

“Why the market is starting to re-rate MDH

“Taken together, the recent developments begin to explain why the market is starting to reassess Mendell’s valuation. The shift is not driven by a single announcement, but by a combination of factors that now align more clearly than they did just a few months ago. The company has moved from proving that it can produce helium to actively building out a production base at Fort Dodge. At the same time, it has secured targeted funding, progressed drilling activity, and introduced partnerships that support execution. This type of coordinated progress is often what underpins a more sustained re-rating.

“Importantly, the nature of the story itself has evolved. Earlier in the year, Mendell could be framed as a small scale producer with potential, but one that still needed to demonstrate how it would grow. That question is now beginning to be answered. The addition of new wells, including the Rost twin within the Fort Dodge system, and continued updates on operational activity suggest that the company is moving toward a more repeatable development model. For investors, this reduces reliance on a single outcome and instead introduces a pathway to incremental growth.

“There is also a broader context to consider. Helium remains a strategically important commodity with constrained supply, and domestic US production continues to attract attention within that theme. While Mendell’s current scale is still modest, its positioning within an established producing region gives it a degree of relevance that extends beyond its immediate output. As operational progress continues, this positioning may begin to carry more weight in how the company is viewed. The market does not appear to be pricing in a full scale growth story yet, but it may be starting to recognise the potential for one to emerge.

“There is also a broader macro backdrop that may be supporting sentiment. Ongoing tensions in the Middle East, including concerns around shipping routes through the Strait of Hormuz, have highlighted vulnerabilities in global energy and industrial gas supply chains. While Mendell’s recent progress is operational rather than geopolitical, its positioning as a US based helium producer means it sits outside many of these risks. For investors, this does not define the story, but it does provide additional context as to why domestic supply narratives are attracting renewed attention.

RKB

© Share Talk 09/05/26

Share Talk Article

Https://shorturl.at/cyg2G

Part 6

“The AIM move and why it matters now

“The planned move from AQSE to AIM has been part of the Mendell story for some time, but its relevance has changed as the company’s operational progress has become more visible. Earlier in the year, the proposed transition could be viewed as a forward looking step, something that might support future growth if and when the underlying business developed further. Now, with production established and expansion underway, the move begins to align more directly with the current stage of the company. As outlined in the recent operations update on the move to AIM, preparations are ongoing, signalling that this is not a distant objective but an active process.

“AIM provides access to a broader and more liquid pool of capital compared to AQSE, particularly for resource focused companies. This matters because scaling production, even at modest levels, requires ongoing investment. A move to a larger market does not guarantee funding, but it does improve visibility and the potential to attract a wider investor base. For Mendell, which is transitioning from proof of concept to early stage growth, that shift in market access could be important in supporting future development.

“Timing is also a key factor. Market upgrades tend to carry more weight when they coincide with operational momentum rather than precede it. In Mendell’s case, the progression from a single producing well to a broader drilling and development programme provides a more compelling backdrop for an AIM listing. Investors are not being asked to buy into a purely conceptual story, but one that is already demonstrating tangible progress. This alignment between operational delivery and market positioning strengthens the overall narrative.

“Viewed in this context, the AIM move is no longer just a structural change, it is part of the broader transition taking place within the company. It sits alongside production growth, drilling activity, and partnerships as another step toward building a more scalable business. For retail investors, the significance lies not just in the listing itself, but in what it represents. It is a signal that Mendell is positioning itself for the next phase of development, where access to capital and market visibility become increasingly important.”

RKB

© Share Talk 09/05/26