Member Info for RKBeekeeper

Rost on Target for Halloween

Rost flow rates are currently increasing in significant increments each day as de-watering progresses.

Commercial production at Rost is on track to commence around end of October 2025.

Tube trailer for gas deliveries has arrived on site.

Nick Tulloch, Chief Executive Officer of Mendell Helium and Chairman of M3 Helium, said: "For some time Rost has been the primary focus of M3 Helium's operations and we are delighted with the performance of the well. Rost was modelled on analogous wells in a similar formation where sustained de-watering has produced a growing and ultimately a consistent flow rate. So far, this is exactly the behaviour that Rost is exhibiting or, in other words, it is going very much to plan.

“To put the current flow rate in context, at present Rost is generating approximately US$800 of helium per day. This flow rate has only just begun, and whilst the M3 Helium team remains cautious, this result at one month into operations is exactly the one we were all hoping for."

RKB

Helium Summit Austin Texas

There is a three-day Helium Summit in Austin Texas next week. Your CEO, Lorna Blaisse is attending.

Lorna will be on the Panel discussing “State of the Exploration Start-ups”

I think this will be a good networking event for innovative Helium Explorers.

RKB

https://www.gasworld.com/event/helium-super-summit-2025/

Helium Summit Austin Texas

There is a three-day Helium Summit in Austin Texas next week. One of our peer groups is attending, Lorna Blaisse CEO of Helium One.

Lorna will be on the Panel discussing “State of the Exploration Start-ups”

I think this will be a good networking event for innovative Helium Explorers.

RKB

https://www.gasworld.com/event/helium-super-summit-2025/

From Mendel Helium’s Home Page

This is from the Home Page of MDH, the website is easy to navigate and there is a page on our Projects.

https://mendellhelium.com/

“Balloons and airships are often the first thing we think of for uses helium but in fact lifting comes behind medical, industrial and defence applications for this very special and unique gas.

Our operations are in Kansas, USA and our strategy is a little different to others. Firstly, it is all about near term production and, with that, access to infrastructure. Anyone who has bought a helium balloon at a fair knows just how hard it is to contain this gas and so, through access to pipelines and nearby sales channels, we ensure our wells can be immediately revenue generating.

Secondly, we challenge conventional wisdom that “wet wells” should be avoided. In fact, we have a proven track record in dewatering wells to create high production operations which, in turn, establish new locations for development.

Our flagship project is the Rost well with a helium composition of 5.1% and, importantly, a water disposal well just 300 yards away meaning removal of water is fast and economic. With a drill stem test of 2,900 Mcf/day, this well has the potential to redefine the Dodge City region as a helium centre.

Our strategy focuses on leveraging existing assets and infrastructure to accelerate production while maintaining cost-effectiveness. We are also exploring innovative solutions, such as utilizing excess methane for energy generation, to enhance operational efficiency.

We are dedicated to transparency, integrity and delivering value to our stakeholders. Thank you for your interest in Mendell Helium.”

RKB

PS The media centre has all of Nick’s videos which may assist you in your research of the only listed UK Company that is producing Helium at 5.1%

We have had

39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 and 19 so it was to be 18 but MM had a wobble then as you know 18 will they just move to AIM and get of AQUIS and let new Market Makers take over?

18

RKB

PS or is it 18,17

Companies House

I see 6 green lines so to put them out of their misery they should have done some proper research.

Imminent news could “could” be about to be communicated.

Someone posted a few weeks ago about

Crypto Assets Plc

I thought it strange that they had “PLC”

They have now changed their name to

Blockeeper PLC

Also on the same day a new Italian Director was appointed.

Now if the Green lines had done proper research then would they disappear or would they buy,

Please DYOR as it may increase your wealth.

RKB

PS It looks like going to Italy to check out the old CLP assets was beneficial.

Revenue, Income & Earnings

With our Rost Well about to produce Helium @ 5.1% and generate more than $100,000 a month ($1.2 million a year / £890,405 a year @ current conversion of $1: £0.74p) the Market will have data to crunch along with our move from the illiquid Aquis exchange to LSE AIM Market.

Revenue: Is the total amount a company earns from its core business activities—typically sales of goods or services—before any costs are deducted. (that’s Helium for us) Revenue is also used to calculate ratios like Revenue Per Share and Operating Margin. For AIM or LSE-listed companies, revenue trends are key indicators of growth and operational scale.

Investor Relevance: High revenue growth may signal market expansion.

Income: HMRC defines total profits as the sum of net income from all sources plus chargeable gains and is the basis for Corporation Tax liability. Adjustments are made for non-deductible expenses, capital allowances, and deferred items.

Investor Relevance: Taxable income affects net earnings and dividend capacity.

Earnings: Represent the net profit after all operating expenses, interest, taxes, and exceptional items are deducted from revenue. Earnings are also used in calculating Earnings Per Share (EPS) and Price-to-earnings (P/E) ratio.

EPS is a key metric for shareholders as it reflects the portion of profit attributable to each share.

Investor Relevance: EPS growth often drives share price appreciation!

RKB

Warrants

I posted on the 14th of July 2025 about the Warrants.

There has been recent PR communication about our move to AIM on the 30th September 2025 and the consensus on this B.B. is that our share price will re-rate.

On positive news from Rost producing Helium at 5.1% and generating $100,000 a month one would expect our share-price to react positively.

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)

Obviously, Mendel Helium will have additional shares on Warrant conversions and the imminent RTO of M3 Helium but it will be nothing like the 7.7 billion shares in Helium One which has still not produced any Helium, but they have issued RNS’s that their 50% working interest in the Galactica-Pegasus helium development project in Colorado, USA has:

Up to 1.52% Helium, let that sink in. Rost is producing 3.35 times more than the 50% of their Galactica-Pegasus project.

DYOR it could increase your wealth.

RKB

Forward Selling

It looks to me that there has been some forward selling.

This information was made public at the weekend.

If we have an RNS with a placing I will make a formal complaint to the FCA.

RKB

AIM on 30th September Almost 3p

This was stated in the PR company interview this weekend where the host has penciled in North of 10p.

Please DYOR it could improve your wealth.

RKB

I think that Amigo will do a RTO of the rump of the assets of Caledonian Holdings.

Alba Bank I do not think would want to be distracted by our other assets assuming we RTO with Albaco Ltd.

Why do you think Jim McColl is a Director of Amego?

RKB

Good afternoon LtdAxis

I agree that the substantial placing will be at a premium unlike AEG at a 50% discount with attached warrants.

I would add that if they were to attach warrants at 290% to the placement price with a forced conversion on share price achieving a 200% uplift then that could enable a further investment in Alba Bank.

RKB

What we can expect from this Company is a new innovative Bank.

If anything like 600 billion shares are placed there would probably be a consolidation of 10,000:1

On today's mid price that would be £0.35p

I think the placing details will be announced this week to ensure we can commit to a substantial stake in Albaco Ltd.

The key is: Caledonian Holdings Plc have applied to be a Controller and that requires a minimum of 10% in Alba Bank,

DYOR I have and so has LtdAxis.

RKB

Tax Implications on AIM shares

After April 2026 IHT Relief is only available at 50% (is 100% till April 2026 but you must hold AIM shares for 2 years so does not apply in this scenario)

What this means is that instead of paying IHT tax at 40% you pay it at 20%

So looking again at the multi-millionaire Optician who has invested £3,280,015 in Albaco Ltd and would like to invest another £719,985 for a total of £4 million.

If the optician invests £719,985 in Caledonian Holdings and then is hit by the bus, the CHP shares assuming no increase in value would be taxed at 20% so HMRC would take £143,997 a saving of £143,997.

RKB

PS Please do not take the above advice on the tax implications of investing in shares, consult a Tax Expert, 10 Downing street have a list of the ones that are “good”.

If you were an Albaco Ltd Shareholder

If you were an Albaco Ltd Shareholder, what would you do?

There are currently 31 shareholders in Albaco Ltd.

Looking at only 2 shareholders in Albaco Ltd: The retired racing driver and the multi-millionaire Optician.

The retired racing driver invested £250,000 in January 2019.

The multi-millionaire Optician invested £2 million in January 2023.

The multi-millionaire Optician invested a further £1,280.015 in January 2025 giving him a total investment of £3,280,015.

Then Albaco Ltd obtains their Banking License and you have an opportunity to take part in a possible £25 million funding round. Do you invest in Albaco Ltd or Caledonian Holdings?

Invest directly in Albaco Ltd and your investment is illiquid. Invest via Caledonian Holdings and your investment can be accessed via a Market Sale.

RKB

Caledonian Holdings Possible 10% of Alba Bank

If we assume that Caledonian Holdings will be the “Controller” of Alba Bank, then what would this mean for us as shareholders.

Curently Albaco Ltd have 27,433,704 shares in issue including the B shares.

We have to assume they will issue the 18,750,000 shares to the three cornerstone investors. That would mean at that point there would be about 46,183,704 shares in issue.

Before any further investment in Albaco Ltd a 10% shareholding would be 4,618,370 but if Caledonian Holdings is to become a “Controller” then you must calculate how many shares there would have to be for us to have 10%

If there were 60 million shares as an example (see post @ 9:46am this morning) then we would need 6 million shares (to be a 10% shareholder) as we currently have 1 million shares in Albaco Ltd then we would need another 5 million shares.

I think we may be offered shares at £1.20 so we would need funds of about £6 million. If we raise more than £6 million that would be really good.

RKB

PS Reading between the lines of today’s RNS I conclude that Caledonian Holdings will change its name to Alba Bank Plc. DYOR it could increase your wealth.

Why it matters being a “Controller” of Alba Bank

The PRA and FCA want to ensure that anyone gaining significant control over a regulated firm:

• Is fit and proper to influence its governance.

• Won’t pose risks to the firm’s financial stability, conduct standards, or consumer protection.

• Has the financial resources and integrity to support the firm’s operations.

This process is part of maintaining trust and transparency in the UK financial system.

RKB

Caledonian Holdings could be a “Controller” of Alba Bank

In UK financial regulation, the term “controller” has a very specific meaning under the Financial Services and Markets Act 2000 (FSMA). When the PRA and FCA refer to someone becoming a controller of a regulated firm like AlbaCo, they’re talking about a person or entity that reaches a threshold of ownership or influence that could affect the firm’s management or operations.

What that means in practice:

A person or company is considered a controller if they:

Hold 10% or more of the shares in a UK-authorised firm or its parent company.

Hold 10% or more of the Voting power in that firm or parent.

Have shares or voting rights that allow them to exercise significant influence over the firm’s management “even if they don’t formally own 10%

This is why Caledonian needs regulatory approval: if their stake in AlbaCo reaches or exceeds 10%, they cross into “controller” territory, triggering a change in control notification and a prudential assessment by the regulators.

RKB

Going Forward

Todays GM voting intentions will have been known before today as there is a cut-off for voting. Both Resolutions will be passed.

Our BoD can now begin the process of issuing up-to 600 billion shares (they do not need to issue all 600 billion shares now just what the Market can absorb)

Looking at Albaco Ltd soon to be a New Bank in Scotland.

Current Capital is £27,433,704 guaranteed funding from three cornerstone investors of £18,750,000 (£46,183,704) and let’s say from Caledonian Holdings £13,816,296 to have total shareholders funds of £60 million (for the purposes of this Post)

When Alba Bank goes live, they could have capital of £60 million but like all Banks they will require further capital as they grow, so.

Strategic Milestones:

PRA/FCA licensing significantly de-risks the business model and enhances credibility.

Operational Readiness: While deposit-taking and lending have not commenced, infrastructure and compliance frameworks are in place.

Market Positioning: Entry into the UK banking sector offers long-term revenue potential, especially if targeting underserved niches as often stated by Jim McColl.

We know that a premium of £0.20p has been paid by some shareholders and the three cornerstone investors have agreed to pay £1.20 (£0.20p premium) but this premium is considered conservative, in my opinion, given the regulatory licence, capital strength, and strategic potential. It also allows room for future upward revaluation once operations commence and revenue streams are established.

Conclusion: I believe a premium of 50% is conservative and justified based on the strategic value of the banking licence, the strength of the capital base & the forward-looking operational and financial potential of a new Bank.

What this would mean is that Caledonian Holdings investment in Albaco Ltd has a minimum upside of up to 50%. If we invest £9 million along with our original £1 million it could be worth £15 million and if our total investment is £20 million it could be worth up to £30 million.

You have to DYOR and work out your own valuations, but I am confident my calculation is conservative.

RKB