Many of you have been here since Mosman days18 Jun 2026 09:10
We are now standing on the edge of what has taken three years of relentless work to reach. Yes, there have been dilutions, missteps, wrong turns, and periods of mismanagement — but despite all of that, the company has pushed through and is now approaching the point of genuine commerciality in both helium and, as an unexpected bonus, oil.
Tens of millions have been invested to bring Sagebrush and Coyote Wash to commercial status. Add to that the geopolitical backdrop — the Iran conflict, tightening global supply, and spiralling helium prices — and the value of what the company has discovered becomes even more significant.
And yet the market cap sits at just £13 million. For a discovery of this scale, with commerciality now only weeks from being confirmed, that valuation is extraordinary.
A consolidation makes complete sense at this stage. When a company transitions from a minor explorer to a major player in the helium and oil space, it does not need billions of shares in issue. It needs a structure that reflects the scale of what is coming.
The current price is, frankly, irrational.
The market is asleep. We were at 0.085 not long ago on speculation alone. Yes, dilution has occurred — but that only highlights how quickly and how far the price can move when the market wakes up.
We are now close. Very close. And when commerciality is confirmed, the entire valuation framework for this company changes.