Member Info for RogerJolly

And with all those drills in Colorado coming before Christmas there is going to lots of RNs to come over the next 3 months

Helium One well test a 'big step forward', says investment bank https://www.proactiveinvestors.co.uk/companies/news/1055591/helium-one-well-test-a-big-step-forward-says-investment-bank-1055591.html

A song from childhood is brought to mind when I look at this board

Ten Green Boxes spouting on the board, if one should fall there would be nine

"Downhole temperature measurements recorded up to 88°C from the production logging tool, which is consistent with the drill stem test results and likely to be derived from hot Basement-derived fluids. It is believed that these fluids are carrying the helium in solution preferentially along faults and fractures from deep within the Basement source."

Re: the temperatures! Not specifically mentioned today, but Lorna did say previously that there is potential for providing power for the plant from the well which would also help the economics.

From Lornas tone on this, they are looking to put it to use if possible, if suitable it could be used for irrigation, if saline then maybe desalinated for community use and or irrigation.

Good to see that they are looking to exploit any further benefits the wells can bring.

Forget last question. The penny has dropped ;0)

I'm a bit thick on that one Blubay. Clearing the market? Not sure what you mean but interested to be aware of something new to watch out for

Blubay I did notice it all went quiet before the interview was posted. What does that tell us. It tells me how crooked the City is and I'm not looking at Lorna on that.

However she is clearly back home and I imagine, flew back yesterday maybe even late Tuesday with the interview conducted first thing this morning. If she had stayed another night and had the interview up yesterday, maybe it will have stopped the rot earlier, but given past experience here she may as well let it go and let the bashers blow out of steam before releasing. Either way. That's a bloody good interview and she came out with many of my own thoughts on financing and timing which no doubt are similar to the more sensible on here.

We did Blubay but this will shut the BS down

The derampers myth has been dispelled.

Bank financing or Off-Taker agreements are the options and the development funds will not be required until the mining licence is issued.

Crusty you can be an old Grouch ;0) so when you see it that way, people should listen. I totally agree. I don't think I have ever seen such a positive interview from anyone

Very Happy with the interview. Honest and open about financing being required but NOT YET, Not until the mining licence has been granted. They will be talking to interested loan finance banks and my own preference as I stated all along for good reasons OFF-Taker Financing.

Very happy she is looking at that source as it makes the most economic business sense.

With capital in hand again as stated yesterday, she has time to negotiate the right finance package to take the company forward. No indications of a raise here whatsoever.

Strop I've filtered 22 of the long known bashing troll who regularly appear here in the last two days alone. Adding another three new comers to the list this morning.

It's certainly saving me time browsing the boards. I'm now going to start binning the super rampers so hopefully I will be left with a few decent people who what adult discussion

Did Hammy get bombed again? Poor old RoJo will have nobody to tick up

Message to all the new faces appearing claiming to have sold out and will buy back at x?p.

It is a well known fact that before you can sell out, you have to have held shares in the first place, now do grow up and get back to school.

Meanwhile my timeline is covered in green boxes going at it ten to the dozen. These are the very people that tell us that posts don't make any difference to whether people buy or sell. From the effort and noise they are making they seem to no longer believe that.

Clowns to the left Jokers to the right

Hehe and the point if applying for a mining licence in a field aleith no assets would be? Doh!!! 🙄

"Downhole temperature measurements recorded up to 88°C from the production logging tool, which is consistent with the drill stem test results and likely to be derived from hot Basement-derived fluids. It is believed that these fluids are carrying the helium in solution preferentially along faults and fractures from deep within the Basement source" Which was there original believe before they went back into to drill into the fracture

I have reason Dai when I watch your games

I can see the value it what they have done with the acquisition but the timing of the boards moves overall has been strategically p*ss poor.

I accept they have been held over a barrel by a bunch of scumbags holding them to ransom over fundraising but if only they had let the sp ride, I feel sure many of the raises could have been achieved offering to PIs without seeing so much dilution.

That said what is done is done and they are now in a good position with cash in hand to cover twelve months of negotiating future funding having announced a discovery which is something everyone of the bashers were clamouring for back in January.

EquilFIBium

What part do you not understand?

Yes it is 12 month covering the business, but that is all it needs to do now.

In 9 month they should have income from the recent acquisition and during that twelve months there will more than likely be discussions going on with the parties that the company reported showed an interest in the past.

This could involve...

1. Off-Taker financing

2. JV

3. Rukwa Buyout

4. Outside possibility of loan Finance for first stage development

Any of which would transform the shape of the company.

All the scare mongering about future finance is a red herring being used to instil Fear. Yes and that's really been done to death today. Does anybody seriously think they will drill up to 30 wells without it being financed in some way? This will be a multi year project but one well will pay for the another in year one, two wells will pay for two more in year two and four wells will pay for four more in year three so a possible eight in just three years depending on how quick they wish to meet demand. Don't forget Minch always stated it could be possible to control supply and therefore price.

Anyway the point is, they only have to fund the first one and they are off to the races

TWELVE MONTHS CAPITAL IN HAND gives them time to organise it.

Dai as you freely admit you don't know a lot but strange how you always seem to know enough to spout all the negatives you can put together. You really are an open book with your trading and always have been. I really don't know why I haven't green boxed you yet. Maybe you amuse me