Member Info for RogerJolly

“This is a significant achievement in a very short time frame, and I am delighted to now be moving this project forward and bringing it a step closer to development.”

The well results will be incorporated into a feasibility study for a larger development project, which may comprise ‘in the region of twenty to thirty’ wells.

Completing a feasibility study will feed into a Mining Licence application, required to establish a commercial production operation.

Helium One said it expects to make the application in the next two weeks.

TWELVE MONTHS CAPITAL IN HAND

Yes Dai 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.

It's dropped because the shysters have preyed on the weakness of newbie PIs FEAR!

After raises gone by even the experienced will have been nervous but those who have researched properly know we are fully funded as you have shown yourself from the last previous RNS

TWELVE MONTHS CAPITAL IN HAND

Ramping over recent days - deramping today and coming up with a thread title like that. Do People want their heads wobbling if they follow a mugs lead like that. Another flip flopper for the green box

Well Blubay if these toskers are going to keep posting trash about an unrequired raise, I'm going to keep repeating the truth as per the the previous RNS at the last raise.

"Following the completion of the proposed Fundraise, the Company will be fully funded to complete the EWT, with a working capital runway for a minimum of 12 months from the date of Admission.

The Company intends to undertake and complete the additional drilling and the EWT at Itumbula West-1 during the course of Q3 2024 and will provide updates with respect to progress in due course."

TWELVE MONTHS CAPITAL IN HAND

I'll repeat that WakeyInvestor

"Following the completion of the proposed Fundraise, the Company will be fully funded to complete the EWT, with a working capital runway for a minimum of 12 months from the date of Admission.

The Company intends to undertake and complete the additional drilling and the EWT at Itumbula West-1 during the course of Q3 2024 and will provide updates with respect to progress in due course."

Those spreading fear of an imminent raise on the back of the past are living in the past and have mugged off the nervous nellies amongst you. I don't know how they sleep at night although I imagine they will be laughing at how they shorted and now have picked up bargain basement shares. When people wake up to reality this will recover and grow. Only wish I had dry powder.

.

Mr Buffet and his ilk step in

Boiler Room Waiting for the masters signal to buy?

Now is the time to buy boys and girls because you will only get the signal once the master has completed his own buying.

fear is the only word to describe this and just like the government and media use it on people daily a massive influx of total unknowns flock to this bb to scare the **** out of holders.

i ain't budging. there will be no white flag aboard this ship

Peaky I disagree because an Off-Taker could easily come up with the cash to fund early development in return for a guaranteed supply at an agreed price over a fixed term.

Sitting on both sides of that fence, I would be giving that serious consideration.

As Explorer I have funding in exchange for a little less profit per bcf but a long term guaranteed customer over the term.

As an Off-Taker I have a guaranteed future supply over the term at below market cost in return for funding which I can afford to provide.

Give me one good reason why either party would not be interested in making that sort of deal whether it be Helium One or any other exploration company.

This scenario is a true win win situation and just has to be considered a real possibility in my view.

Bluebay, just to add the mining licence is a given and written into exploration licences on the proviso the companies meet the term & conditions set in that document.

Without such assurance there would be no exploration anywhere in the world

This has opened up the way to continue talks with interested parties ?

Crusty we did at Aminex well before the licence was delivered

Shear No Class - You missed this bit

"Company estimates the actual flow rate would increase to 6,176 scf/d of helium, when applying an average concentration of 5.5% helium"

Based on your own median figure that would be $3,700/day however with the concentration and clean purity it should see top price $800 which is close to $5000/day Close on $2million/annum

Looking further, that is from one well and they estimate to have between 20 to 30 in field development. so with this well alone it could pay for a new well every 9 months at your own costings. With one well paying the bills, each new well is then pure profit

All these never seen before actors with less than a dozen posts crying raise. Yeah Yeah yeah. Seen it all before.

"anticipated to be in the region of twenty to thirty development wells in the production phase."

Mining licence to be submitted within two weeks.

Now let's see this baby fly

Can we have a sniff of an RNS please.

Erskine they always go quiet on the up. That is until they sell again.