Member Info for RKBeekeeper

Hot Rocks Investments plc have reduced their holdings by 500,000.

They first became a large 7.5 million shareholder in July 2025.

There was a “Subscription, Issue of Equity and Warrants” RNS issued on 23rd June 2025, where shares were issued @ 2p and Warrants were issued.

“For every two New Ordinary Shares issued pursuant to the Subscription, investors will receive one warrant allowing the holder to subscribe for an additional new Ordinary Share in the Company at an exercise price of 4 pence per Ordinary Share, exercisable within one year of Admission ("4p Warrants") and one warrant allowing the holder to subscribe for an additional new Ordinary Share in the Company at an exercise price of 6 pence per Ordinary Share, exercisable within three years of Admission ("6p Warrants")”

Our large shareholder could have sold 500,000 last Thursday to have funds for the 4p Warrants. The sells on the day ranged from 4p to 5p (if you believe what the Market Makers printed)

Assuming they sold at 4p then they have funds to purchase their Warrants, the question is: will they sell more shares to fund more Warrants?

On the Aquis Stock Exchange (AQSE) Growth Market, the disclosure threshold is 3%.

RKB

PS Jonese you are correct.

PPS Our Large Shareholder holds investments in about 27 different Companies and if DYOR then you may note there is an anomaly with what I posted above.

Warrants @ £0.04p

There is a clause in the Subscription RNS 23rd June 2025 about the £0.04p Warrants.

“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.”

The 4p Warrants have an expiry date of 23rd June 2026

RKB

Data

Yesterday, LSE South East said Sold £18K (401,551 shares) Bought £98.98K (2,206,454 shares)

This is not correct because the true volume was 4,265,944 and Buys & Sells were £193,300.

Historically the daily volume has been low, very low and often no Trades at all.

Since the RNS of the 10th of November 2025 when we were informed that the Rost Well was producing Helium @ 250MCF per day ($1.4 million per year) there have only been 7 occasions when the daily volume has been over 1 million (ignoring the 27th of January & 2nd February when there were Bed & ISA’s)

10/11/2025 1,014,894 £37,765

02/02/2026 1,258,308 £50,162

03/03/2026 4,016,611 £158,379

09/03/2026 1,903,805 £79,093

12/03/2026 1,942,113 £91,791

13/03/2026 2,616,678 £119,650

16/03/2026 4,265,944 £193,300

RKB

PS DYOR it could improve your wealth.

Rost 1 Production

M3 Helium’s Rost 1 Well has been producing Helium since the 10th November 2025.

It has been quoted several times that at the current rate of 250MCF per day equates to $1.4 million a year.

If we are listed on AIM by Thursday 30th April 2026, Helium Production will have been generating revenue for over 5 months, which would be about $583,000 +

What price will the Market attribute to Mendel Helium if we can evidence revenue of $583,000 + ?

RKB

PS There are also our 5 producing Hugoton Helium Wells and current daily production is according to our website “280,000 cubic feet per day 6 Producing Wells”

https://mendellhelium.com/overview

What to look-out for

The convertible loan notes (£280,000 outstanding) will in my opinion convert before we move from AQUIS to AIM.

There is a clause which says they can covert @ £0.03p “up-to the date of Mendell Helium's proposed admission to trading on AIM”

“After the date of Mendell Helium's proposed admission to trading on AIM” @ £0.045p

Ignoring the 5% fee that will be paid in shares, when the Loan Notes are converted, if they convert up-to admission to AIM they will receive 9,333,333 shares.

If they convert after admission to AIM they will only receive 6,222,222 shares.

RKB

Founding Investors

When our Company was incorporated, it was on a Crowdfunding Platform. I do not want to mention their name as I have nothing complimentary to say about them.

Founding Investors, invested @ £0.32p and I invested over 5 figures. I sold all my founding shares this week and cyclized a large capital gains loss.

Today I bought all my shares back and some more and I set HL a buy order for no more than £0.045p which was filled.

My average is still around £0.03p

I note that one or two detractors have arrived this week and no doubt a few more will arrive over the next 6 weeks as we move to AIM.

For Investors who are not prepared to do their own Research they may want to look at what I have Posted on our B.B.

If you DYOR, you will be informed about the clause that triggers the Warrants.

RKB

Nick on BBC News

Nice little news item before we list on AIM.

I am unable to Post as the link was too large and using iCloud and I do not know how to make a link. I can play the interview on my laptop and iPhone.

RKB

PS I have the link on Whatsapp for friends.

Hello new Poster Jay07

I note you set-up this account only two days ago and you believe there is an AGM on 25th March 2026?

I think you are mistaken.

RKB

PS Peel are at it.

CoPilot

I am surprised that nobody utilized ChatGPT or Microsoft CoPilot as alluded to in yesterday’s Proactive Interview.

I subscribe to Microsoft and often use CoPilot to check things like a Helium Company that said there was a 62% Volume increase with a 7 inch casing as opposed to a 5.5 inch casing and CoPilot confirmed the 62% was correct and provided the formulae (which I could compare with another Helium Company that announced they were using a 3 inch casing) So, CoPilot in my opinion is just as good as ChatGPT.

I asked CoPilot if they could access the PRN from yesterday, the Proactive Video and the QBT website (the Patents & IP section) and I also cut & pasted the ASIC UltraBoost narrative from the Website.

I then asked the question: How much would the ASIC Patent be worth?

CoPilot’s answer: “The value of QBT’s ASIC UltraBoost patent can’t be expressed as a single number, but we can estimate a realistic valuation range by combining what the company has disclosed with how ASIC level mining IP is normally priced. The result is a structured, investor grade estimate grounded in the technical uplift, market size, and licensing economics.

Core takeaway

If QBT’s ASIC UltraBoost delivers the 7–12% efficiency gain referenced in public statements and achieves adoption by even a modest share of the ASIC manufacturing market, the patent family could plausibly be worth £500m–£1,000m+ in licensing value over its life. This range depends heavily on adoption, enforceability, and whether miners view the uplift as commercially decisive.

RKB

PS Please DYOR, verify what the BoD & Posters say and increase your wealth.

Sorry, the Trade was on the 3rd

RKB

PS Even today they Printed a late Trade from 12:05 after the one @ 13:03

At 16:00 Yesterday not printed to well after the close.

This was for £24,420.

The MM did not want us to know and probably thought nobody would look back at yesterday'd trades.

RKB

Wolf of Wall Street

Aquis Market Makers remind me of a scene from the Wolf of Wall Street:

Pink Sheets.

I am not implying MM are raking in 50% commission on the Buys or Sells but it discourages an orderly Market in my opinion.

Yesterday there was only one late printed Trade @ 16:00 but it was not displayed till well after the close. Why?

This was a Buy for 574,530 shares @ £0.425p

Could the reason why the MM printed it well after the close to emphasize a -12.5% decline in our share price? They had the spread at 4:30pm as 3p – 4p when it was really 0% at the close. This then puts our shares at a disadvantage on the Open today.

Then we have 10 Trades printed at the Bell this morning, from yesterday, 9 @ 4.17p which proves in my opinion that the Ask was 4.5p at the close.

Now today we have some Trades @ in the first 30 mins then only one other this morning, but anyone have a quick glance at the Trades would think we had 15 Trades, deceitful!

RKB

https://www.youtube.com/shorts/XD8N1RvVzHg

Nick's interview has excellent information about our Helium Wells and now a third.

Our Helium is not 5 .1% but over 10% our peer group will be left high and dry when we are on AIM next month.

RKB

Good afternoon BlueSky72

Excellent summary.

Some further information:

When Nick & Eric launched Voyager Life on Seedrs it was £0.32p and I invested over 5 figures. All the founding investors received EIS Tax Relief @ 30%

Ignoring the tax relief that I received, I am in profit with an average price of less than £0.03p

There most likely will be original investors that will be showing a 90% loss (excluding tax-relief) so this could restrain them from selling to crystallise a paper loss even after tax relief.

Further investors (recent placings) can claim EIS Tax Relief, but they must hold their shares for three years or HMRC will reclaim all the tax-relief. So, some recent investors will have to factor-in the possibility of forfeiting the tax benefit. I think most if not all these investors will have had “Insider Information” and will be long-term holders.

You have to ask the question: Why “demand” EIS Status if you are not prepared to wait for 3 years?

From the £300,000 Loan notes, £20,000 have already been converted (this does not make any significant difference to your calculations)

What I believe is important and has not been discussed on our B.B. is that the Loan Notes are with “certain high net worth investors” and more importantly, the “CLN will expire if it is neither converted nor drawn down by 30 April 2026”

This puts a definitive date on AIM admission in my opinion.

I believe the outstanding CLN will all convert @ £0.03p before 30th April 2026.

Final thought: I believe on AIM admission our share price will not be single digit.

RKB

My Thoughts: RTO of M3 Helium

We keep thinking that the RTO will happen “soon” but for some reason it does not.

I am confident that our BoD have done everything possible within their remit and there will be a reason(s) for the continued delay.

Nick has invested not only his own money but endless hours preparing the Listing Document.

My thoughts are: The RTO of M3 Helium will be before the 19th of July and our share price will benefit from the RTO.

RKB

My Thoughts: Bitcoin Treasury

Nick said that there was the possibility of utilizing the methane that is not captured for running a generator for Bitcoin Mining, but at the moment BTC is about $65,000 but when Nick first looked at Bitcoin Mining, BTC was $82,551 or about $17,551 more than today or 21% of a difference.

Will Nick still pursue BTC Mining?

My thoughts: I do not think so.

RKB

My Thoughts: Helium Production

If you have read the Posts about you will have seen they were all from our Website and not my thoughts but I will add something here.

We do not have any actual value of what the value of the Helium M3 Helium has and is producing. As I have said earlier today, Nick does not have to say anything because we do NOT OWN M3 Helium (but we will one year)

There have been some calculations for “our” Rost Well of about $1.4 million per year (I don’t disagree with that figure)

What we do know is that Rost is producing at 5.1% Helium and from our Website 280,000 cubic feet per day from the 6 Wells.

From RNS 28th April 2025 “As previously announced by way of illustration, operating Rost at around one third of the PSA's capacity is expected to generate revenues for the Company in excess of US$100,000 per month but further upside is possible based on an improved helium price since the Company conducted this feasibility study.”

If Rost operated @ 2/3rds then that would be $2.4 million not $1.4 million so at the moment I will go with $1.4 million.

Now on the Twin Rost Well (RNS 27th January 2026) we are informed that “M3 Helium proposes to drill the Twin Well with 7-inch casing (as opposed to the Rost well which was drilled using a 5.5-inch casing). The larger casing will increase volume by approximately 62% enabling greater water removal.

So the drill increases from 5.5-inch to 7-inch an increase of 1.5-inch

Copilot: If a Helium well has a casing of 5.5-inch and is removed and a 7-inch casing is inserted, what would the % increase with this larger casing?

Answer: The increase depends on cross sectional area, not just diameter. The key is that area scales with the square of the diameter.

Core calculation: Using internal diameters (but the ratio is the same for OD):

Area = pi (d/2) squared

For 5.5 inch casing: A5.5 = Pi (2.75) squared = 23.76pi

For 7 inch casing: A7 = Pi (3.5) squared = 38.5pi

Percentage increase is 62%

\mathrm{Increase}=\frac{A_7-A_{5.5}}{A_{5.5}}\times 100

=\frac{38.50\pi -23.76\pi }{23.76\pi }\times 100

=\frac{14.74}{23.76}\times 100\approx 62\%

The last equation does not cut & paste exactly as Copilot displayed but the purpose of asking the question was to check if the increase will be 62% and it is.

First let’s assume that the Twin Rost flows at 62% more than Rost and at the same concentration of 5.1% what would that mean for possible production revenue going on the $1.4 million above? $2,268,000

This would then give us potential revenue of $3,668,000.

But who says that we are still at 5.1% what would the potential revenue be if we were at 8%? Pie in the sky? Is it? Watch this space.

RKB

Continued:

Twin Well

“M3 Helium is progressing plans for a second well on the Rost lease (the “Twin Well”), supported by a non binding proposal from a US investor group to fund 50% of the estimated drilling costs. M3 Helium would operate the well.

Like Rost, the Twin Well will require de watering and will utilise the Brobee disposal well, with the investor group contributing towards the upgrades needed for Brobee to handle water from both wells. Production from the Twin Well will be processed at M3 Helium’s facility at Rost, with M3 Helium earning a 20% processing fee.”

“The Twin Well will be drilled with larger casing, increasing the internal volume by around 62% compared with Rost. Combined with an electric submersible pump, this design is expected to improve water removal and potentially deliver higher gas production. Rost may also benefit from the additional de watering, as both wells are expected to draw from the same reservoir.

M3 Helium continues to map the formation and expand its leased acreage in preparation for a broader field development plan. Pipeline options are also being assessed for future multi well production.”

RKB

Continued:

Rost 1-26

“The Rost well was tested in July 2024 by Shamrock Gas Analysis, Inc., confirming helium at 5.1 per cent. Independent pressure testing by Thurmond McGlothlin, LLC recorded 302.7 psi, and drill stem testing indicated a flow rate of 2,900 Mcf/day. Together, these results establish Rost as a key producing asset underpinning Mendell’s early development plans.”

“Although the site is not connected to a gathering network, M3 Helium’s mobile Pressure Swing Adsorption plant enables on site purification prior to transport. Mendell has already secured an offtake agreement for Rost, removing reliance on local pipeline access or third party processing and strengthening the outlook for additional wells in the area.”

Brobee

“The Brobee disposal well provides essential water handling capacity for the Fort Dodge development. It is fully permitted to dispose of up to 5,000 barrels of water per day, offering ample headroom to support both current operations and future drilling activity across the acreage.

Funding is secured for the upgrades required to increase capacity further so that Brobee can also manage water from the planned twin well long term.”

RKB

My Thoughts: Helium Wells in Fort Dodge

From our website: “Project Overview”

“Operations at Fort Dodge were initiated to verify earlier industry reports of helium bearing gas. Testing confirmed that the reservoir contains an unusual gas composition for the region: nitrogen dominant with very little associated methane.

Independent analysis has established helium concentrations at 5.1 per cent. For context, concentrations of around 0.3 per cent are typically considered economic, making Fort Dodge a potentially significant opportunity based on both helium content and reservoir pressure.

M3 Helium holds two wells in the area — Rost 1 26 and the nearby Brobee disposal well — and the wider acreage has the potential to support additional development. Mendell has expanded its leased position, creating capacity for up to five prospectively similar wells across the region.”

Location, Location, Location

“The Fort Dodge Prospect benefits from strong operational logistics. The Rost site sits immediately off a paved road and is only three miles from Dodge City, ensuring reliable access for heavy equipment in all weather conditions. The location is also supported by 3 phase electricity and 5G mobile coverage, making it a straightforward site to operate and develop.”

“Although Fort Dodge does not have the same midstream infrastructure as the Hugoton, its elevated helium concentrations make it attractive to offtakers seeking high purity supply. The combination of reliable access, dependable power and high grade gas materially reduces development complexity.”

RKB