Member Info for RogerJolly

Broomtree, put a different record on. The only problem here is people like you who are deliberately ignoring the facts you are being told.

All is fine with the company, it is the fickle, the clueless, the day traders and shorters scaring people that is affecting the SP.

Sm69. You've got it! 👍. Well put

HL sitting on full ask 1.14 for a minute or so now

More flip flops than a seaside stall

All I can say Rapti is don't let the bar stewards grind you down. Think it through. List down all the factual benefits and positives and way them up against a list of negatives. While doing so take into account that what few negatives there are will not be factually based but based on fear that the bar stewards saturate the BBs with. FEAR is the biggest killer of wealth and probably the biggest killer of the human race from the anxiety it causes.

Look around you, it is no coincidence the media is full of fear mongering. That is how big money controls and keeps the population in line doing what they want.

I say be careful but do not fall into the trap of, or perpetuate fear. All the pieces of the jigsaw are coming together and before long your woes and worries will be over.

Rapti they can't crack on until the licence is granted which is a few months away so they are taking steps to bring in income sooner. It's always a stronger negotiation position when you have money in your pocket

Toffers the expert? :0)))))

Well known flip flopper with a little McN following him/her about like a lost sheep

The thing is Blu, Minchin has turned out to be right in his forecast. Whether they can go it alone with financial support from banks and or off taker financing is yet to be seen, they certainly titled the company Global which showed the ambition there.

Is Bluestar a part of that global plan or is it the plan to sell up and move in over there with the proceeds? I suspect all will come out in the wash in the coming weeks and months.

Meanwhile, the engines will be running on the six drills before Christmas that will bring income to the company from H1 just months from now. An income that will provide them time to negotiate without their backs being against the wall as they have previously been. Although this acquisition has done the sp damage initially, putting the boot on the other foot should prove to be a god send in the mid to long term

*TWO PER MONTH

not to doh!

RNS will be coming along like London Buses.

Drilling for production wells expected to begin October effectively to per month with the further nine to be drilled in the new year. Income stream to begin in H1 effectively just a few months away.

"Highlights:

· Conditional acquisition of a 50% interest in Blue Star's Galactica-Pegasus project

· The Galactica project contains confirmed discovery wells in the region flowing up to 6% helium (average of 3%) as free gas and are well positioned close to existing helium infrastructure

· The Company's internal gross resource estimates, assuming a P50 Helium concentration of 3%, are 675 million cubic feet

· Full development programme for the Galactica Project will require the drilling and tie-back of 15 wells, as well as commissioning of the relevant He and CO2 processing facilities

· Initial six development well programme planned for Q4 2024 which are expected to be on stream and producing in H1 2025"

A 🤡 that thinks it shouldn't be 1.7. Well there's a surprise after his stock bashing records in the last few days.

This was 2.1 before the last raise and settled at 1.5 before we had the results. Given what we now know there is no good reason why this should not be in the mid 2p at this stage other than the massive short attack on Tuesday.

Judging by its ferocity I take the view that it was pre-planned and organized well before the results arrived. If diamonds had a flowed in the water the attack would have been the same. Some very powerful entity has strided to keep this SP down at every point over the last year. Is that the sign of a major try to keep the price low for a potential buy out? It's a thought.

So the question is, is he a lone 🤡 or one of many sweating for a few pennies in the boiler room. Either way he's joining an ever growing number in the green box

This is totally oversold company that could have cash sales growing in H1 next year to $50million plus in 3 to 5 years from Rukwa alone.

Nobody will convince me this is currently a fair price.

Well he has form for reporting especially when protecting Toffers.

You have to wonder if they share a bed but if not quite wheeled his way in there yet, maybe the same desk in the boiler room 😜

Both green boxed for me a few days ago.

Baits, very true and the sp should rise with into and success of each of those drills. All in the next three months. That's a lot of interesting newsflow coming out way.

Exciting times ahead here.

With this being a unique play there may not be a conventional CPR as it seems it is not sitting in more usual type of traps.

There has been 2 or 3 indications that they feel they have hit a transport system in the fractures. They are learning on that basis but with Helium coming from much deeper they may not know more until further wells are drilled. My guess is the next drills will be targeting that fractured transport system. A further guess, but we could be talking an unlimited source in our lifetimes. Only time will tell us that one.

Hi Bonzo give or take a little the 6.2 mcf/d is predicted from this well with the artificial lift she speaks of. My calcs are based on all 30 wells being identical but they won't be, so I'm using it as an average to reach the figures I showed.

Some will provide more others less, some will need lift and maybe some won't. The thing is, they know where to drill now and likely know which formations are likely to bring better results. As Crusty said earlier, they could drill between 5 and 10 wells per year and with their own experienced team it can be done at a fraction of the original exploration costs. Sure there will be teething troubles along the way, maintenance and breakdowns etc but we are now heading into the medium long term gain. Good Luck

Ps that is just Rukwa and now they have 50% in Colorado.

I can't help on that one but lets assume 6.2 mcf/d for 30 wells.

With best quality pure Helium it could be $800 x 6.2 = $4,960/day

Multiply by 30 wells = $148,800/day

Multiply by 365 = $54,312,000/annum

Obviously that's assuming all wells bring identical results and fetch top current prices. Even if halved they could be looking at $1/2 million per week in sales

With a 20 to 30 well program ahead the knockers back then are looking silly. The cost savings will be tremendous and allow them move from one to the other.

Yes, that is what rinky dink will be claiming tomorrow the moment it goes blue.

Like a feather on the wind that one. More changes of direction than the dosey doe 😂😂🤣

That's the point Blu it will help with costs and with each successful drill over there we should see the sp push up as confidence is rebuilt.