Member Info for RKBeekeeper

Good Evening Panman

Your post earlier @ 16:12 you quote Nick saying “Nick seemed to be being extremely cautious in his interviews with this 290mcf”

Nick actually said “Rost has been tested in the past at 2,900mcf. This is not a projection as to what we think it can do and that’s the maximum you can do, I always say to people you don’t drive your car at 100 miles per hour 24/7 it can go to 100 miles per hour you but you drive it at a more pedestrian pace perhaps and the same will be true of Rost, we know it can do 2,900 it will not be that but it will be a big number. Even at a 1/10th of that we have some illustrations to the Market to say that could be $100,000 a month of revenue for our Company. So, it’s a significant moment for us.”

RKB

PS I have attempted to transcribe what Nick said and so that you have the correct information, you may want to watch the interview.

https://youtu.be/vkxYB0S-tSM

Eufingest

Eufingest is MC STRATEGIES AG

MC STRATEGIES AG are a major shareholder with 10.8%

MC STRATEGIES AG are the “party” that that FG has his Sale & Repurchase Agreement with for 5 million shares.

You must know who is the true beneficiary of MC STRATEGIES AG.

Price of BTC at 7am about $122,333 a rise today so far of about $3,387

RKB

PS BTC closed last Friday at $114,404, what will our Methods A,B & C do for the chip manufacturers & the Miners that FG is talking to?

Fort Dodge

The Fort Dodge Prospect is in Ford County, Kansas. M3 Helium two wells in the area: Rost 1-26 which the company is targeting bringing to production in the summer of 2025 and the nearby Brobee disposal well. Helium concentrations at Rost have been recorded at 5.1 per cent. and the well was tested at production of 2,900 Mcf/day. Access to infrastructure is not as straightforward as it is within the Hugoton but, due to the potential of Rost, M3 Helium has attracted offers of helium offload from several prospective customers.

The Fort Dodge lease allows for two additional similar wells to be drilled in addition to Rost 1-26.

RKB

PS Mendel Helium has no debt and when our share price has a mid-market piece of £0.10p for 5 consecutive days then the participants to the recent subscription would be compelled to exercise their 4p warrants and this will generate £515,000 for Mendel Helium. With our move to AIM and Rost producing over $100,000 a month in my opinion our share price will increase and hopefully sufficiently for the 6p warrants to be exercised this year (share price would have to be £0.15p for 5 consecutive days which is doable)

What are the next steps for Mendell Helium?

Mendell Helium is poised for significant growth as we finalize the acquisition of M3 Helium Corp. Our immediate focus will be on integrating their operations with our existing infrastructure to enhance production capabilities. We will prioritize the development of new wells and the optimization of our current assets in the Hugoton and Fort Dodge regions. Additionally, we are committed to strengthening our partnerships with local contractors to ensure efficient project execution. As we move forward, we will keep our investors informed about our progress and strategic initiatives aimed at maximizing helium production and meeting the rising global demand.

RKB

Why is access to infrastructure so important?

Access to infrastructure is crucial for maximizing helium production efficiency and profitability. It enables seamless integration of extraction processes with gathering systems and processing facilities, reducing operational delays and costs. A robust infrastructure network ensures that helium can be transported quickly and safely to market, meeting the growing demand across various industries. Furthermore, reliable infrastructure supports ongoing maintenance and development of helium wells, allowing for sustained production and innovation in extraction techniques. In a competitive landscape, having strong infrastructure is not just an advantage; it is essential for long-term success.

RKB

What are the advantages of operating in Kansas?

Kansas offers a unique blend of resources and infrastructure that make it an ideal location for helium production. The state’s rich geological formations are known for their high helium content, particularly in the Hugoton and Fort Dodge regions. Additionally, Kansas boasts a well-established network of gathering systems and processing facilities, ensuring efficient operations and reduced transportation costs. The availability of skilled contractors and equipment further enhances the operational capabilities in the area. With a supportive regulatory environment and a growing demand for helium in various industries, Kansas stands out as a strategic hub for helium production.

RKB

How is helium extracted from the ground?

Helium extraction begins with locating natural gas fields that contain helium-rich gas. Once identified, drilling wells is the first step to access these underground reserves. The gas is then brought to the surface where it undergoes a separation process. This involves cooling the gas to very low temperatures to liquefy it, allowing for the separation of helium from other gases. The purified helium is then stored and transported for various uses, ensuring that this precious resource is efficiently harvested for industries that rely on its unique properties.

RKB

Why is helium so valuable?

Helium is an essential resource in various high-tech industries and scientific research. Its unique properties make it irreplaceable in applications such as MRI machines, semiconductor manufacturing, and cryogenics. As global demand continues to rise and supply dwindles, helium’s value is expected to increase significantly. The strategic importance of helium in emerging technologies and its limited availability contribute to its status as a critical mineral, making it a valuable asset for investors and industries alike.

RKB

https://mendellhelium.com/

Where are our 9 million shares

Where are our 9 million shares?

When Voyager Life was sold to Orsus Therapeutics Ltd on the 11th November 2024 (see RNS 11/11/24 for VOY.PL) we received 9 million shares in Orsus Therapeutics Ltd along with 6 million warrants.

The shares were issued at £0.05p and the transaction was really £450,000.

On Companies House for Orsus Therapeutics Ltd https://find-and-update.company-information.service.gov.uk/company/13374907/filing-history

There are various documents.

The Confirmation Statement on 8th April 2024 details all 19 shareholders.

The Statement of Capital on 5th December 2024 informs us that 9 million shares were issued at £0.05p on the 11th November 2024.

The Confirmation Statement on 20th April 2025 details 20 shareholders with:

Shareholding 20: 9000000 ORDINARY shares held as at the date of this confirmation statement. MENDELL HELIUM PLC.

Then today there is a Confirmation Statement with details of 23 shareholders.

Shareholder 20: Mendel Helium 0 (9,000,000 transferred on 5/07/25)

Shareholder 21: Sommer Commercial Ltd

Shareholder 22: PBV Investment Ltd

Shareholder 23: Access Capital Markets Ltd

I spoke to Nick at previous GM / AGM and asked about our shareholding in Orsus Therapeutics Ltd. I had a verbal assurance that the 9 million shares belonged to the Original Shareholders of Voyager Life PLC.

Shareholder 21 Is a Director of Orsus Therapeutics Ltd (Callum Sommerton)

Shareholder 22 is the only Director of PBV Investment Ltd and Dwight Mighty is also a Director of Orsus Therapeutics Ltd.

Shareholder 23 is a Director of Access Capital Markets Ltd and Aditya Chathli is also a Director of Orsus Therapeutics Ltd.

I am not implying anything inappropriate with the transfer of our 9 million shares. It is possible that Orsus Therapeutics Ltd has actually paid cash for our shares.

I look forward to the General Meeting on Monday.

RKB

Good afternoon Baserite

Concur

RKB

https://www.youtube.com/watch?v=qyngj0M-LQk

Argo Blockchain

It is unfortunate that ARB has been brought to its knees but …..

If you read today’s RNS about “their saviour” Growler:

“Growler is a privately held company wholly owned by Stan Pate, a veteran entrepreneur with over 45 years of experience in commercial real estate, oil and gas, and emerging technologies. The company currently operates cryptocurrency mining facilities in Alabama and serves as a platform for Mr. Pate's broader investment and development initiatives.”

The final part of the RNS states:

“Growler is also actively exploring opportunities in the evolving AI infrastructure space, leveraging its existing digital capabilities to support the next generation of compute-intensive technologies.”

RKB

PS Well previous Post did not last long, what do they fear?

2nd Week of July

Is when FG delivers.

RKB 🐝

Advantage of Attending AGM’s & GM’S

I have attended many AGM’s & GM’s over the years (at great expense when they were held in London)

I have attended all Mendel Helium’s (nee Voyager Life) AGM’s & GM’s and there has only ever been one other shareholder present (but not in the past two years)

Before and after any AGM / GM there is always an opportunity to talk to the staff present and the BOD. It is these informal chats that you can get-to-know the BOD.

Nick is also involved in an Australian gold explorer company and last year that company was looking at monetising their accumulated tax losses.

I have been involved in a Research & Development and investing company focused on an intensive R&D programme to disrupt the blockchain technology sector. This company has 20 times the accumulated tax losses of Nick’s other company, and I presented to the BoD a summary of how they accumulated their tax losses.

I introduced their PR Christian Taylor-Wilkinson to Nick. At subsequent AGM’s & GM’s I found out that Nick & the PR went for coffee (may have been dinner)

Fast forward and Mendel Helium began to look at utilizing the waste gas from the upcoming Rost well. Then today’s Bitcoin Treasury Management Policy.

When you understand what the Research & Development and investing company are currently about to achieve you may have an advantage with Mendel Helium.

RKB

Warrants @ £0.10p & £0.15p & BTC Treasury Policy

25,745,500 Warrants @ 4p: It is a term of the 4p Warrants that they must be exercised into Ordinary Shares in the event that the closing mid market price of an Ordinary Share is above 10 pence for a period of five trading days.

25,745,500 Warrants @ 6p: It is a term of the 6p Warrants that they must be exercised into Ordinary Shares in the event that the closing mid market price of an Ordinary Share is above 15 pence for a period of five trading days.

On conversion: £1,092,820 + £1,544,730 = £2,637,550 (this is only from todays Subscription.

If like the Smarter Web Company, Mendel Helium were to buy BTC, what would be the impact this new Bitcoin Treasury Management Policy have on our Market Capt?

RKB

PS The revenue from Rost well at only 10% production of its full capacity will cover all Company costs.

E) Non-Disclosure Agreement: “following its attendance at the Mining Disrupt 2025 conference, it has signed a Non-Disclosure Agreement (“NDA”) with a leading manufacturer of ASIC chips for bitcoin mining.”

F) Appointment of Non-Executive Director: Appointment of Mr Vladimir Basilio Kusznirczuk as a Non-Executive Director. Mr Kusznirczuk has been QBT’s Marketing and Business Development Manager since May 2023, addressing business opportunities with large US and Canadian bitcoin miners and mining rigs manufacturers.

G) Method C AI Oracle Video and Bitcoin 2025 Part 1: Video released of a short video explaining how Method C’s AI Oracle can be applied to Bitcoin mining to provide critical efficiencies.

H) Method C AI Oracle Video and Bitcoin 2025 Part 2: The Board would also like to provide a brief update on QBT’s attendance at Bitcoin 2025, held last week in Las Vegas. The QBT team held a number of one-on-one meetings where they presented to a number of key companies in the sector, including ASIC chip designers, mining rig manufacturers and pool miners. The meetings included demonstrations of the Company’s three disruptive Methods, including a live demonstration of Method A, which was mining in the Company’s lab in Milan. A high level of interest was shown by the attending parties. The Company intends to follow up on these meetings over the coming weeks, with the hope that a number of new third-party tests will be requested.

I) Business Update: Deploying Method A and Method B on existing mining platforms. “We are now moving fast from the single ASIC implementations of Method A and Method B to the mining rig versions in order to deploy to potential customers and partners QBT technology, while for Method C we are working hard to integrate our product into the new versions of the ASIC chips of two Bitcoin mining manufacturers.”

RKB

Post Balance Sheet Events:

A) Method C’s AI Oracle hardware implementation patent application filing with the UK patent office.

B) FG “Following almost three years of R&D efforts, the AI team working on Method C has delivered its first irrefutable result, with a new version of Method C AI Oracle, which can now be used to mine the current blockchain blocks in real-time with an approximate 30% improved performance. This has been made possible thanks to retraining the Method C model and to a very efficient hardware implementation of the AI Oracle, which forms the core of the “Implementation of Binary Decision Trees” patent application. “We believe this has the potential to be a major breakthrough for the entire Bitcoin mining industry, as QBT has developed an AI Oracle which can either reduce the energy cost of mining or increase the speed of mining at current energy costs, by approximately 30%, which it can prove through live demonstrations.”

C) Placing: £2 million @ £0.015 The net proceeds of the Placing will allow the Company to continue investing in its cryptocurrency R&D programmes including, but not limited to, funding the expansion of the R&D team and the purchase of hardware and software to assist with the Company’s R&D developments, funding of ongoing legal costs associated with the Company’s legacy assets, and to support its existing investment portfolio as well as to provide general working capital.

D) Bitcoin Conference Review: The Company attended the conference with a team headed by CEO and Executive Chairman, Francesco Gardin and included Jose Rios, its Strategic Adviser and Ronald Bynoe, a newly appointed consultant who was recently employed as a software engineer on Intel’s Blockscale project. The team held meetings with a number of the leading companies within the Bitcoin sector, ranging from chip manufacturers, mining rig producers, pool mining companies, Bitcoin miners and sector influencers.

RKB

6) First Sipiem Settlement – Confirmation of receipt of funds. The Company would reiterate that despite its receipt in full, the €700,000 settlement remains subject to formal approval by the Venice Court of Appeal. This was voided later (RNS 18th June 2024)

7) Sipiem Appeal Judgment: This is actually a better result, and you may want to read the actual RNS issued on 18th June 2024. “As a result, the Company may now seek to fully enforce the Judgment against all of the defendants for an aggregate amount of €6,083,562 in damages (plus interest and adjustments for inflation to accrue from different dates until the date of satisfaction of the Judgment), plus €85,499 in legal expenses for the trial court action and €48,677 in legal expenses for the appeal (such latter expense to be satisfied by one of the defendants’ insurers)”

8) Forcrowd Update: Forcrowd has recently secured registration with the European Securities and Markets Authority (“ESMA”) FG “We are delighted that Forcrowd has obtained its EU Passport following a nearly year-long application procedure, which will allow them to fully launch their crowdfunding operations in two strategic sectors potentially across the whole of Europe; a significant increase in its market.”

9) Appointment of Strategic Adviser: Mr. Jose Rios, Former Intel Blockscale Executive, appointed as Strategic Adviser.

10) Bitcoin Mining - Method C: Method C’s AI Oracle successfully and efficiently implemented onto Bitcoin Mining hardware, performance increased significantly from 30% to 50%, at lower mining difficulty.

RKB

Important Week

Part 1

This is an important week. On Friday 27th June 2025 I expect the 2024 Annual Results to be published (they could take it to the wire and issue them a week today, but my experience from previous Results, they tend to be close to the 30th of June so look out for an RNS this Friday (@7am)

The Annual Results will record an Annual Loss, and I believe this will be the last time we will show a loss. To the trolls this means in my opinion we will be revenue producing in the second half of 2025.

Over the past 9 years not many people read the full Annual Report, but if you do read it then there are some things you may want to focus on.

The Chairmans Statement: Last year it was 3 pages long, this year it will be longer, and it will be a good summation as to where we are at.

1) Zero-Coupon Bond - Maturity Extension and amendment of YTM. The face value of the remaining Bond is €2,708,170 and the the maturity date now 15th December 2026. Yield moved up 200%. (this is the Bond owned by MC Strategy S.A (really Eufingest)

2) Second Zero-Coupon Bond face value of the Bond is €5.4m. same maturity date as above and the conversion price changed from £0.05p to £0.03p

3) R&D and Business Update Part 1: Method C in testing environments has favorably demonstrated predictive ability in c. 30% of the cases, if an input to SHA-256 will produce a winning hash, resulting in a potential saving of energy.

4) R&D and Business Update Part 2: The Company has entered into early-stage exploratory discussions with Bitcoin rig manufacturers and US Bitcoin mining companies, the Company believes that these discussions represent the first steps towards entering into commercial and technical negotiations. (see Post Balance sheet events namely RNS issued last week where FG informed us about Deploying Method A and Method B on existing mining platforms.

5) Rollover of Director’s REPO to September 2025.

RKB

Rost Well Water Pump Installed

Nick is currently on-site at the Rost Well at Fort Dodge with Alex Clem.

Our “expensive” water pump has been installed.

Our pump is known as an ESP: an electrical submersible pump.

Our ESP has no real moving parts.

Our ESP can move between 1,000 & 2,000 barrels of water a day.

Conclusion: Ready to go.

RKB

PS Rost Well 5.1% Helium.

https://youtube.com/shorts/edmfH6IA6Xk?si=idi1l7UxHwRLH7RF

Method C Video Presentation

This sort 5 minute video presentation is on QBT website.

In my opinion this is a clear, concise and easy to understand Method C.

Now waiting for FG to update us on ..............

RKB