Member Info for RogerJolly

Herbie it really is no surprise that you try to latch onto someone that clearly hasn't read or listened to the comms.

The only thing fishy here is some people trying to contaminate the water.

They stick out like spares at an orgie

We are in the second week of the children holiday season. These two weeks are traditionally the busiest of the year for holidays in the UK. Maybe that explains it a little?

I know you do because you told us yesterday you took your 20% I was just wondering at what price you are aiming to buy back?

A nice 200k at 1.6 is nice

life in the old 3 legged basset yet RoJo ;0)

Public manipulation is one thing which you did not accept was happening but now you think this is company manipulation.

The difference is public manipulation is put out their to deliberately deceive.

PR imagery is a kind of manipulation but not on the same scale. It is used to emphasise a story to which you don't have an original image, so you use a stock image. Questionable maybe but that is the nom with PR. Look around you it is everywhere.

Helium One are sharing the story from UK Investor magazine, not the picture, you should be venting your spline at them and asking for their explanation which will be just as I told you and another guy earlier. There is nothing sinister in this one and if there was believe me I would be on it because I know what to look for.

Anyway, as you are making such a big fuss over this can I ask is your day trading position in or out at this moment in time?

MC, you have a lot to learn about PR, so it's best to stop talking what you don't understand.

They have linked to an article about Helium One. They cannot control what picture is used in the article.

The publisher will have sauced the article from a newsfeed and ran the story with their own regurgitation by and author who effectively shifts a few of the original words around then using a stock rig image for their own PR purposes. i.e. clickbait! It is not rocket science, and it is how the media work and as I tried to explain to you the other day, things are not all that they appear to be where the media are concerned. 38 years working with them, believe me I know a con when I see it. This is just spreading the story, (PR) the other day was manipulation for public consumption.

When you work with it you know, but seriously this picture is nothing to get upset about. I do it every day

A picture is worth a thousand words. Just having an image with the tweet is how publications gain more interest over textual ones. However this is not an image shared by Helium One. This is the image used by the publication that Helium One shared the link too.

Keep knickers on folks, standard PR automatically drawing down an image from the article :0)

oooooo i think you should be reported for being a ageist, disability intolerant, dog ******, and all in one sentence.

nick nick thought police on their way

Hi Strop, I don't follow them tbh and only tend to look in on their webinars and can't comment on their tax situation.

The only thing I would expect is that companies should be treated equally over the tax situation and I expect they probably are.

HE1 X release

Thanks for that.

Initial observations is the terminology used in this what is clearly an official document does not match with what Noble were telling their investors about the 16% in their recent webinar which is where I got my information which was pretty close to what happened. The figure is clearly correct and pretty much matches with what Aminex are potentially having to hand over.

Firstly Noble told their viewers from my recollection about 25mins into Q&A that it was a non negotiable 16% which did go against my own experience at Aminex in the O&G sector where at the recent AGM it was revealed they wanted more but it was negotiated back to 15%, however there is no guarantee that the government will take its back in rights, because at that stage they also become liable for 15% of the development costs and as yet, as per 27th June they still had not done so and production is being prepared for at this time for early 25.

This document clearly states non-dilutable free carry which is much different to their no negotiable claim or Aminex in the O&G sector in that they won't be paying development costs.

This goes to show some of how the mining and O&G sectors are handled differently

The next piece that appears initially a little worrying, when looking further is nothing more than an entitlement " to acquire up to 50% of the shares, which can only assume means they would have to buy at the market price, but could only buy a maximum 50% including their initial 16%.

Now, I am no lawyer and the next part confuses me regards this potential 50% as it seems it might be what they can purchase is dependent on taxes? as its paragraph is completed as per....

"commensurate with the total tax expenditures incurred by the Government of the Republic of Tanzania in favour of the company"

This should not be speculated on as imo, it needs a lawyer or accountant to cover its meaning, but none the less if they have to buy at open market value then it shouldn't be a concern

The final Part "In the event that a Special Mining Licence is granted the company holding such licence will be required to apply for the admission of its entire issued share capital to a local stock exchange with a minimum local shareholding of not less than 30 per cent." is not applicable imo, as our investment levels would put us in the Mining Licences MLS section rather than Special mining licence SMLs https://www.tumemadini.go.tz/services/mining-licences-services/

Hope that's useful. Just my take as you requested. But hey WTFDIK ;0)

MC can you link to the actual document please or at least give the title so I know which one you are reading? Your current link just takes me to a list of all documents and TBH I was expecting a copy f the exploration licence terms & conditions Thanks.

As it is, my information does not include some of your points in your posts so I would like to cross reference before commenting further other than to say.

There is no IF we will get a mining licence in my source, which I will supply when cross referenced. Let's face it, who is going to spend millions on exploration without knowing they are entitled to get a development licence if they do make a find

Just two point from my source...

1. Declaring that Discovery gives entitlement to a mining license.

2. Mining licence entitles the government to a 16% back in free carry which is non-negotiable.

You will need to put a link up to the full document please so I can compare it to the one I have read.

I'm out for a few hours now fetching dad from hospital

Slacker, as said the government have 15 or 16% non-negotiable back in rights so they can give away as much of that as they want to because that is their share and whatever they do giveaway does not affect the 85% of his left with the company to do with as it pleases which main or may not be a JV or an off-take agreement that brings funding.

It may have been a dog of a share but you still haven't kicked it out of your folio. Wise move!

Btw ARA gave the dog a new bone yesterday in yet another indication the dog will soon be enjoying a nice walk.

'ENORMOUS'

Just a quick look in, so no time to re-find the link. I've researched and posted this twice before and the government have a 15 or 16% non-negotiable back in. I can't remember which it is which it was definitely one of the two.

Thanks toffers, I was going to look that up later.

What would you class as Notably higher?

5%

10%

20%

30%

or at what point might Significantly higher might kick in?

11% is really goong to attract trade. Not!

Brilliant Al That is the sort of news I like. Another strong link in the chain and it was in fact something that Tanzanian government had always pushed for over the last few years.