RE: 14-Jun-24 15:57:20 0.68333 60,000,000 Unknown* 410.00k17 Jun 2024 12:25
Assume it's a forward sold chunk of shares? We'll never know of course.
I thought HE1 had it's own drill rig etc so why is HE1 now needing to spend nearly $5m on new equipment? Something doesn't add up here. Tanz govt officials forcing HE1 to use new equipment that has to be hired from them? I thought th recent raise for over £5m was for all of this? HE1 seem to have developed a deep hole - other than the one they want to drill back into - into which large sums of money are now quickly disappearing into. The more I look int this the less I like it and feels like the usual African corruption at high levels of officialdom are coming into play. They will chew and spit LB out for pleasure and a bit of amusement.
Rig Equipment and Drilling Costs $2,490 ,000
Drilling Services $2,560,000
Exalo, drilling 1500m ..
· Drilling rig: £2.07m
· Drilling services: £0.75m
· Drilling ancillaries: £0.35m