Member Info for Scott22

If a company is issuing new shares to raise new capital because their business is thriving and growing, then it can go well, especially if each subsequent offering is at a higher price point.

If a company is only issuing new shares out of an attempt at raising new capital because their business is hurting, then it does not go well, especially if the hurting part is getting worse and each subsequent offering is at a lower price point.

I guess one has to decide which of these scenarios is happening in making an investment decision. But it is never good if the share count is massively increasing with flat revenues and profits. Show me one example of that.

Enjoy today, maybe we will build on it.

I have done a little research since our last go around on this. Almost impossible to get a 10 bagger with a share count of 3 billion shares. If I buy 100,000 shares for 30 pence and someone else later buys 1,000,000 for 3 pence, it is highly unlikely that my original investment will do well. It may recover somewhat of course. Selling shares to raise capital at ever increasing share prices (like Tesla or Amazon) works well as efficient source of capital. Trying to raise new capital by selling shares at a tenth and then a hundredth of the price paid by early investors almost never works out that well for those early investors. The AIM spiral of dilution valuation destruction is seldom the road to riches. Unless there is a massive mother lode of value uncovered against all odds. Anyway it is a good day today. I have never sold any JLP. Even added on the way down, to a point. Getting better access to capital is very good.

Especially with high interest rates and tight credit markets which are hindering many if not all small resource companies.

This could be a big game changer. Unfortunately the AIM spiral of dilution induced value destruction of early investors has been going on for some time so the upside is not what it once was. But it is still several multiples from here.

The week of December 17 which I would say would be 17th to 23rd. They are translating that to the week before (with the 14th as a guess) just to maintain the TXP communication fog.

Depth of discovery well was 1778 feet. I will just answer this question then move on from Pulsar. Hoping to see good news from Tai 3 testing this week. Could be very exciting to get strong indication of a discovery and to see the helium concentrations on gas samples they hopefully obtain.

Helium Discovery on Pulsar project.

In 2011, a previous explorer was drilling a series of boreholes targeting nickel and platinum group element (PGE) mineralization when they unexpectedly encountered a pocket of high-pressure gas in at a depth of 1,778 feet (541m) in borehole LOD-6. The gas pressure was sufficient to blow the core tube and associated drill fluid out of the hole and is therefore considered to be an over- pressured reservoir. The borehole was allowed to flow with the expectation the pocket would be depleted in a matter of hours, however the gas flow persisted for four continuous days with no obvious drop in pressure. The gas flow velocity was measured using an anemometer designed for domestic wind speed, reaching its maximum speed recording of 150 km/hr prior to breaking under the gas pressure.

Two gas samples were collected from the flowing LOD-6 borehole. The samples were analyzed by Dr. Barbara Sherwood-Lollar at the University of Toronto and at Pace Laboratories. All samples showed some air contamination as can be expected given the underprepared field conditions in which they were collected. Nonetheless, gas compositions reported by the two labs were in good agreement, with the least air-contaminated sample composition [measurements included 10.5% helium, 0.1 % O2 and 2.4 % methane and other hydrocarbon gases]. After analyses of the gas confirmed that it was non-combustible [mainly CO2 and Nitrogen] , LOD-6 was sealed with bentonite and permanently abandoned.

Geology

The Topaz Project is located within the Mid-Continent Rift Zone (MCRZ) in northeastern Minnesota, USA. The MCRZ is a 1.1 billion-year-old rift that extends from Kansas through Minnesota and into western Ontario, Canada. The Topaz Project is situated within the Bald Eagle Intrusion (BEI) of the Duluth Complex, a large mafic igneous body that intruded into the Biwabik Formation of the Paleoproterozoic Animikie Group. The Duluth Complex can attain a thickness of over 15 km and is associated with the MCRZ.

Pulsar just started trading on US OTC as PSRHF so it has become easier to buy without extra commissions.

Just want to say I have many more eggs in He 1 basket. But I have been chasing primary helium opportunities around the world. And I live in MInnesota which many do not even know is in the central rift valley of NA extending fron northern MN to James Bay in Canada. So I want a little bit in Pulsar so I do not miss the prize in my own back yard while investing in Tanzania, Saskatchewan, and other places. I do know that the 2011 results were amazing and Helium One so far has proven nothing like that. High pressure blowout well with 10.5 % helium is different than some 10% helium seeps. It is worth it to see what a proper appraisal well with an advanced oil and gas rig finds. And that drill is fully funded. I also was a little influenced by the fact that a founder of helium 1 is all in on this prospect.

Not pumping this issue, may not be for anyone else and the MN connection influenced me. Not pumping Noble either though I have investment there too. I like having money on a few horses in the race for primary helium.

Https://www.youtube.com/watch?v=zreBAAXnCqM

Not selling and have a bunch. Still hopeful, but lots of drama. Have been adding to Pulsar stake. Just consider these items:

1. High pressure gas (blowout really) with hard rock seal and zero well bore issues.

2. tested 10.5% helium. confirmed by outside lab.

3. Flowed for days with no decline and the well bore (mineral rig ) had to be plugged to stop the gas flow.

4. Appraisal well coming in February twinning the discovery well.

Being drilled by excellent drilling company with rig with no issues.

5. Testing all set, during drilling.

6. Infrastructure excellent.

7. In North America with huge demand searching for NA supply chain and putting incentives in place.

Anyway what if we had some of that. There would be a little less drama.

I would prefer to be 2/2. I would hate to be 0/2. But if I knew it would end up 1/2, I’m not sure which horse I would bet on. 🐎

Now to be known as "the rig from hell". No rig has ever produced as many RNS in as few drilling days.

This might be another relatively easy fix. "Might" being the operative word. If they lose the junk in the hole it is disaster. The only answer would be a sidetrack and hope for a smoother drill to TD. The support services have been on site a long time. Wonder what they do all day.

I did not think that Lorna looked particularly frustrated.

You write: And talking of Pulsar Helium they are close to spudding their first appraisal well, and over the last month or so have been tweeting on a regular basis, they seem to be getting really excited and have even been to the UK last week trying to flog a couple of buckets of the stuff

https://twitter.com/pulsarhelium/status/1717858144527761585

Question is, what are they really getting excited about?

Pulsar is excited because they are spudding an appraisal well on December 10., 2023. Next to a well (not drilled by them) from 2011 that was drilled with a mineral rig to get cores to analyze for nickel and copper. The 2011 well ran into a high pressure pocket of gas that flowed spontaneously to surface at high flow rates for several days with no decrease. They collected samples and had to plug the well. The samples showed 10% helium. They have some subsurface data suggesting the reservoir may be quite extensive laterally.

You can understand why Pulsar is excited to drill this next well on December 10 with a proper oil and gas rig and well services all lined up. If Helium One hits a well anything like that original 2011 well we would be beyond excited - euphoric and ecstatic would be way too conservative.

Holbrook basin in Arizona produced a good share of helium for many years from just a few primary helium wells. That was a while back. But it cam happen.

Oil is a little different, You can truck that and get cash from it pretty quickly.

A commercial natural gas well is a little far fetched. Natural gas is relatively cheap and you need huge volumes. You need a gas field, collection pipeline, gas processing facility. You can't just truck it to market, IN the big oil fields off guyana there is lots of associated natural gas, it is just re-injected. Same with natural gas from north shore Alaska. No facilities to do anything with it. It is re-injected. The beauty of helium is that is is 50 times more valuable than natural gas and can be purified with a$ 25-50 million plant and then trucked to market in containers. If the carrier gas is nitrogen that can just be vented. Of course finding a big natural gas field would be great (others have tried) but developing it would be years and would require ready access to major capital, likely a sale of the company to someone who has that. Just the way I see it. Let's find us some helium.

The September corporate presentation is very good. There is pretty good clarity in what they are doing, the suspense is about what they might find in the two wells. They hope to make a discovery. That is step one. An appraisal of commerciality is step two. And finding right partner to move quickly to production and sales is step three. That sequence will take 18 -36 months. But step one could happen very quickly. There are four wells in next month between Helium 1 and Noble trying to find a helium discovery and advance the hypothesis that Tanzania might become an source of primary helium at a scale that will make it an important contributor to global helium supply.

Slacker, don't be one. Immediately after they finish Tai 3 they are moving to a second pad drill a second well at a different prospect - Itumbala . That is where 10.2% helium seeps have been documented by the way. It is nor far away. Rig there, crew and support teams there, money in place. They even use the same camp I believe. They are completing civils on the second well right now. All of this has been covered very extensively on web site, in press releases, on social media, on this board and othe rboards.

True enough but buying at the low does run the risk of buying at the even lower. (catching a falling knofe which we have all been trying to do). Best plan is to time the buy at a clear reversal when a downtrend (Now firmly in place) is about to shift to a powerful sustained up trend. The up limb part of a reversal is actually safer to buy that the down limb. So if an uptrend develops (which I think it will) it will actually be very safe to keep buying through $US 1.00. (82 pence). Maybe higher or even much higher depending on strength of up trend. The trend becomes your friend. Because that is safer that is where institutions have more latitude to get on board, further fueling the upward move. Of course the fundamentals like steady ongoing ramp in productions and profits have to be delivered. And a few positive surprises along the way are helpful. And then there is the Cretaceous wildcard at Kraken or in Cipero block too which would add a whole different class of accelerant.

Is Tanzania an important source of primary helium and will it become a commercially important helium province? That question has been in play for almost a decade, fueled by field work and helped by analysis of seeps with important input from the Noble Gasses group at Oxford.

Well the next month is likely going to answer that question, or at the least advance it to the front burner or push it to the back burner. There will be results from four wells by two companies targeting several locations and multiple types of plays. The results of those four wells will

largely determine the short term direction, the prospects for the two companies and the amount investment that is going to flow into Tanzania to move toward production. Or not.

Exciting time indeed. This is the key moment that will determine if development of a helium industry in Tanzania will quickly become a reality or will drop off the radar. Glad I own Helium 1 and also Noble Helium to have a seat at the table for this exciting month.

Nothing safe about it. Just good to be moving in that direction and hoping to salvage something myself from the waste of the share price carnage, a very Jubilee type of approach.

They completed the repair on Friday and tested it thoroughly with the rig mechanic AND engineers from Epiroc (the rig manufacturer) conducting the testing. Then they restarted drilling for more than 12 hours before putting out the RBS, so they are pretty confident they are good to go. The engineers from Epiroc took a look at the rig during testing and probably hung around for awhile after drilling restarted.