Member Info for rp6577

Certainly the dip that you buy anyway. Same as when it dipped back to the 0.50s

I think they’ve done the investment for the cash flow. It’s going to start paying out from early next year, which could help fund further work in Tanzania

It’s really not that much dilution and does diversify the business

This bit is very interesting:

The initial wells are expected to be on stream and producing in H1 2025 and an independent third-party competent person's report indicates that an average of approximately US$2 million per annum will accrue to the Company over a period of five years. However, these estimates represent only sales from the production of helium, and the Company believes that the sale of associated CO2 into the local market, could increase this by up to 50%.

That’s some good cash flow

Built a nice position here. A lot of the negative results / news was baked in so it’s not surprising that we are now moving higher. Looking forward to the next trading update. A lot of further upside here

Might be seeing. 3p sooner than we think at this rate!

So I think the expectation is that Itumbula has c.5BCF.

I think there is 1m MCF in a BCF (correct me if I’m wrong!). The price of helium is c.$450MCF. So itumbula on a gross basis could have c.$2.25bn of helium…

Obviously costs of extraction etc but it feels like you could easily warrant a c.£500m or so market cap. Which would be c.10p…certainly 6/7p looks very reasonable

What do people think?

Wife changing made me laugh! 😂

Great starting level to then get positive EWT results

Massive move

Seems a bit leaky!

Hopefully we’re finally on the move

It is absolutely relentless. Looking great

It won’t be long before we start getting some great trading updates, become cash flow positive and actually start ramping up some positive EBITDA. A proper valuation will then follow

So pumped for the next 3 weeks or so. Looking for 6p+ on positive EWT

Could be testing 5p this week

Looks like we’ll test 4p pretty soon. Clearly some very significant buying going on as the rise has been relentless. Could be a long way to go on the upside yet

4p + will be so easy with EWT results

Absolutely roaring. I wonder if there had been some kind of info leak? Or it is simply some parties taking sizeable positions having noticed it is undervalued

“The operations are being readied for a planned major and sustainable increase to record levels in the second half of 2024.”

A lot of upside here. The Q3 update could kick things off