Member Info for Scott22

Anyway, copper is good. Almost sure to be a huge deficit by 2027. Need more electric motors, more power generation, more grid. I am glad JBL is leaning into copper.

Dai2bts: I am not sensitive about it. I just find it an interesting diversion as we wait for the rig to be repaired. This is day 11 of 14. Hoping to get an RNS before market tonight or at the latest tomorrow night. If update drags on beyond that and the two weeks gets closer, people will start worrying that the rig has a more serious trouble.

Skittish: Thank you so very much for all that research. Makes the whole story of Pulsar even more interesting to me. Do you know that here has never been an oil or gas well drilled in MN. Even though we are next door to North Dakota, we have NO hydrocarbons. There is not even a system in the state government to apply for a license for oil and gas drilling rights. Pulsar has acquired non hydrocarbon gas rights from some private landholders but there is also some state land within their zone of interest and the state has no clue even how to grant a license. The well to be spud December 10 is the FIRST oil and gas well ever to be drilled in MN. It is being drilled by Capstone Drilling out of Casper Wyoming which is a very good drilling company. They have lined up all appropriate well services. Anyway it is a log shot, I have followed the primary helium in Tanzania story almost since the beginning and I had no idea it would develop a weird little link to MN. Thomas A-J has kept his fingers in the helium story and apparently in Tanzania as well. Pulsar is also looking at a primary helium concept in Iceland, another spot with no oil and gas at all, but has a rift valley along the mid-Atlantic ridge where you can actually see the crack in the earth.

Not really a pyramid scheme.

A pyramid scheme recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products.

Here there is no promise of any payment or services at all, let alone for enrolling anyone else. And all the money raised is going to drilling an appraisal well and add additional land leases.

The initial well was drilled with a mineral rig to get a copper/nickel core. It hit an overpressurized gas zone that flowed to surface at high volume and did not abate over three days. The well was then plugged. Samples of the gas from the well bore were tested by two different labs and had 10.5% helium. If only that had happened at Tai 1. The have been seeps of helium in Tamzania tested at near that value, but certainly no gas from the well bore of a high pressure zone that flowed to surface at high flow rate. PLSR is highly speculative and may be a bad investment, but no way is it a pyramid scheme. And they have a discovery and will soon have an appraisal well and maybe a second step out well if the well to be spud December 10 confirms the initial finding. I like Helium 1 better and I have a much bigger position. But I live in MN and I do not want to be hunting for primary helium in the rift valley of Tanzania while missing the long shot chance that a primary helium source will be found in the NA rift valley that runs from MN to James Bay. Helium in MN would also play into the need for a robust helium supply chain in North America. Anyway, I am not selling any, I do not get payment or services for recruiting any new shareholders, and I am very confident that all the money I invested is being put to work to try to develop a product that can be sold to provide the cash flow that can be the foundation of a growing and increasing profitable and valuable resource company.

Just a little update on Minnesota project that Thomas Abraham-James (Helium One co-founder) has been working on. The interview highlights some of problems small resource companies are having getting access to capital. I had not realized that Pulsar Helium (PLSR) is the ONLY company to go public on TSX-Venture in 2023.

Helium (primary helium) in MN is a wild idea, but MN is part of NA Rift Valley and somewhat similar in that respect to Tanzania. VERY old rocks. And pathway for migration of helium from crust. Independent of natural gas.

https://www.youtube.com/watch?v=q--Qq_-FgVo

I don't mind up and down. I mind down and down - and down. Just look at the chart. And it is complicated by the wide chasm between growth of the physical operation and growth of the share count. Anyway, I am fully prepared to lose all of this one. Just pointing out that it seems to be happening. As you mention it does happen to a lot of AIM stocks. And more when interest rates soar, credit markets tighten, and small caps fall out of favor. But still the fact that it happens to a lot of AIM stocks does not mean I should not do an autopsy on why this one flamed out after I bought it, if only to improve my selections going forward.

Hard to keep a totally tight ship. It will be pretty obvious when the rig starts up again, and we know they have some cell phone coverage out there.

Too many promises but also too many shares. Slope of share count increase has been massively steeper than slope of revenue increase and profit increase . If they make 20 million pounds but have 3 billion shares, that that is .006 pounds per share for shareholder returns. But then they are currently using all that profit to grow the business so the potential to return to shareholders is zero now and the future potential shareholder return is diminishing with each share count increase, so the future return is being diluted faster than than that potential pot is growing. Not a really promising situation.

22 pence in May 2021 and 18 pence in October of 2021. Absolutely linear grinding slide since May 2021 (29 months) without a hint of a pause. Of course there was a big run up before that May 2021 high, but I was not on that train. The AIM train overall is now back at levels of March 2020 when the world shut down with covid. If pessimism precedes a reversal, this is certainly maximal pessimism. (or else delusion if one is not pessimistic). Cheers.

These last few months have been like watching a slow motion crash. All that is left is for the crashed vehicle to catch fire and explode into a ball of flames. Ugly sentiment. Never though we would see 5's. Never thought we would see 4's which is the next station of the current trajectory.

October 5 through October 12 is 7 days or one week. One more week to meet timeline given to source parts and repair rig.

Meanwhile board has gone totally bonkers. Nothing to worry about. It is human nature and seems to happen eventually to all stock boards when they reach a certain size. My personal theory is that 10% of all people are JPN. (just plain nuts). Each one has potential to introduce political, philosophical, or theological ranting or to simply rile up and agitate and get personal for no particular reason. If a board has 50 active members that is five JPN and that can be handled and will self regulate a little. But if a board gets to 200 active members, that is 20 JPN and the noise tends to start amplifying and become an uncontrolled chain reaction. That is too bad because there is often (as here) timely and useful information from posters with a wide range of expertise and experience related to the company but also to the industry and the geology and geography and even the geopolitical environment. But as I said, deterioration does tend to happen. That is the way it goes.

Dai Belts: you write - Its AIM its gambling, even more so when the company your money is on is reluctant to provide useful information as things progress..

It is very discouraging that the AIM index in this little recent patch has retreated to levels it hit at start of covid when the entire world shut down. You cannot blame all of the drop in any particular company on any specific behavior of the company, likes its communication style.

Wyndrum: you write - This is about as high a risk stock as it is possible to purchase.

All I can say is you are not well acquainted with the AIM universe. There is five years of work into planning this drill. The geology is very interesting and their is potential that Tanzania will be a major province for primary Helium, a commodity in big demand. Helium One is an early mover. They have a very experienced team. The prospect has been somewhat derisked by the Tai 1 well which was drilled with a mineral rig and had well bore integrity issues. They have the right rig on site and they will dril Tai 3 and another prospect back to back, with all supporting well services components there as well. The country is also politically stable, with good business climate, and hungry for this resource to be defined and developed.

If you think this is the highest risk stock on AIM you are off the mark. I could easily make you a long list of higher risk darlings. (I even own a couple).

Hi Sturm,

Production is steady and is restricted at 60 mmcf/day. They would have to provide and RNS if that is changes, either up because of optimization if Casca Deep well cleaned up, or down because of some problem.

I did read the valleura update. What I was saying would not have value is the cash balance on September 30 part, because the first cash from Cascadura facility will be October 25 so none of the September production will show up as cash. It will show up as revenues because that is booked when the gas goes through the metering station.

"What I really would like, is a simple RNS with Q3 production & cash update (e.g. Valeura gave one today)."

Trouble is the September extra production from Cascadura facility will show up in revenues since it is booked as it passes the pay meter at entry into NGC pipleine. But that revenue will be in receivables but not in cash until October 25.

So a simple preliminary update like Valeura would be misleading. The big jump in revenues and cash will start showing up in the 4Q report and if they get production to 90 mmcf/day by end of 4th quarter then Q1 2024 will have another major jump.

LegalWolf: You write: Do I see any positives worthy of discussion? My honest answer to that is NO, I do not.

I can see your point, you have clearly laid out your reasons why you think there are no positives. .

There is alternative way to look at it.

1. There is no way that a mechanical breakdown of the rig that will be fixed in less than two weeks changes anything. The positives are the same as before.

2. This well is the culmination of five years of work by highly skilled people including Noble Gas group at Oxford and has a reasonable chance of proving the hypothesis that the East African rift valley in Tanzania will be a commercially important primary helium province.

3. The results of Tai 1 increased and not decreased the odds of success at Tai 3, by proving a working helium system.

4. Base on results of Tai 1, the company spent two years putting together a campaign that will drill Tai 3 at optimized location and also a second prospect. They are on track to accomplish this with drilling team and whole range of support services on site.

Those are positives, surely not negatives. It is reasonable to have a small position here as part (the speculative high/risk high reward part) of a balanced portfolio. That is just my opinion. As you say IMO and DYOR. Just saying that acknowledges the possibility of other opinions (besides nothing positive to discuss) based on other interpretations of research into the company and the geology and the preliminary results and how they have gotten to this point with a working camp in the field -soon to be moving ahead again.

Yeah, both are doing well

62 million on AIM and 34k on US OTC. I could not fill 30,000 shares at 5.5 cents here but was quickly able to buy 30,000 on AIM for 5.35 cents or 4.4 pence. That includes 100 basis points for AIM trader. There is also a $100 SCHW global desk fee which is only a third of a basis point on that many shares. That way (trading direct in London) I could also cap my trading cost at $100, rather than risk paying $50 each on multiple partial fills OTC.

Not easy to trade AIM shares directly but this one worked smoothly.

So my basis is down a bit, I own a tiny extra sliver of the company, and will see what this drill and the next one bring. I also own some Noble which I am happy about on a day like this. And some Pulsar in Canada on Toronto Venture capital who will spud their big reveal well in northern MN on December 10. Fourth quarter will have a lot of drills toward my goal of finding a primary helium company with proven and large scale commercial helium discovery heading toward production and sales (revenues!).

That is not a positive thought. Well is cased and cemented and has well control device in place. They are ABOVE their main targets. Why on earth would they stop there and head off to the other site. They also have had none of the well bore issues that ruined the first drill, which makes sense because that is why they drilled a bigger hole and cased it through the most unstable part of the drill path. Why would you think your advice to "cut their losses , stop the drilling and move on to the next drill site" is a "positive thought". It is a pretty ridiculous thought, IMO.

Thomas A-J is still on quest for primary helium. He now has land rights in an area in Minnesota with an accidental helium discovery from 2011. Someone was drilling a man metal core in an intrusion looking for copper/nickel in the NA rift valley which includes northern MN. The ran into overpressurized gas zone that flowed at high volumes until it was plugged after 4 days. They obtained gas samples and it was not flammable and had 10.5% helium. If only Helium One finds a well like this. Pulsar went public 40 days ago, I bought some Tuesday at 19.64 cents US$. They are spudding an appraisal well December 12 with oil and gas rig from good outfit in Wyoming. I think you will find this little report of the details of that 2011 accidental discovery interesting. A little more helpful than a deep.

Helium One much further along in many ways and there is a lot more known about the geology in Tanzania- and I own more Helium One and more Noble. But I am intrigued that Thomas A-J is still hunting primary helium and stumbled across this old well and turned it into a project and has a contract to drill a well 20 meters from the original discovery - with an option for a second well - all permits in place.

Tell me what you think of this technical report as we are watching Helium One and Noble drill two wells each in Tanzania.

https://uploads-ssl.webflow.com/643e9b04697598ab2651d990/64751d8f418a4f486be27192_Topaz_2_pager-compressed.pdf