Member Info for ShipwreckSheep

We don't really know if there hasn't been interest by big players, right? If there is, it would explain why the interviewer has not asked about "what are the next steps", as there are discussions ongoing on the JV or M&A front. If there is, it would also explain why directors haven't bought, as they'd have information that hasn't yet been released to market and therefore wouldn't be allowed to buy. If there is, it would definitely also explain why no fund raise was released as a package with the results, as all the funding for development to mining could come from a JV partner earn-in.

I'm not saying that's what's going on, just that we don't know it isn't, and that it would explain quite a few things.

Well, not a great day, not a disaster either, looked like somebody with big holding wanted to take profit, so be it, opportunity to buy for new investors, and to add for existing investors, at a price that probably most of us on Friday didn't think we'd get if RNS is positive (and let's face it, we all would have been happy with 2% helium and no more mention of hydrogen, and got a lot more than that).

The one question that stands out is: With all the good things about the RNS (which seemed thought through with the wording) and the interview (mentioning that they want to monetize the dual resource and not just the helium), how on earth did that Proactive reporter "forget" to ask "So what's the next steps now?". Not very good at his job.

The x times background refers to the level of the gases in the atmosphere. Yesterday's RNS confirmed that helium concentrations are up to 9000x background at 4.7% helium (around 0.3-0.5% is commerciality threshold), and up to 37000x background at 2.2% hydrogen.

I think the dilution you mention here that LB talked about was that the initial results showed the gas concentrations in the diluted drilling muds, the concentrations would be lower than in the undiluted downhole samples, as also confirmed by the concentrations stated in yesterday's RNS.

"unlikely to make 10bags from current sp"

Well, yeah, it's a tough road to another 10 bagger here, BUT: having a 2 or 3 or 4 bagger from here, ask yourself the question, is that also unlikely? that'd be quite realistic (and arguably not even that optimistic) price scenarios.

And the difference of HE1 now is that the 2 RNS we got vastly de-risked the project and opened up multiple paths to unlocking more of its value. Whereas the others you mentioned...can you say the same?

If you want to chase punts, you chase a 10 bagger based on pipe dreams, nobody can blame you, it's your money. If you rather take a 3 bagger based on an actual discovery of what not only the CEO calls a "world-class province", you'd stay here.

Well, it is the MM's job, right? To make money. And in PI-heavy shares that requires different techniques than in some blue chip that is full of IIs.

They're just doing their job.

And we should do ours. Our job: Not falling for their shenanigans, and holding or buying if we think the value will materialize much higher than the 80-90 odd million quid that it's at now.

You guuuuuys...

See you back in 2.70s in 20 mins

What a nice sounding cross-ramp, congratulations.

Try -1.75% and turning up haha

Lol a short - and dare I say small - tree shake is bringing out the entire doom & gloom army. Again it says a lot about how good this setup still really is!

Where do you see that Liberum report please?

Cause the latest one I can find on Bloomberg on their ANR terminal page is from October, when the target price was also 20p, but that was of course pre-funding times. But yeah, since the Times article mentions a new Liberum analyst opinion, there surely must be a new report.

Yeah, Neil, placing would be totally different this time around

Last time: we have little to show for, want to drill a completely new target, ah yeah, and the rig is still broken and had issues twice in a row and if our drill is a duster, we're probably going under

While this time it'd be: we have a world-class helium province, and use the money to fast-track to production

They won't have problems raising at 10% discount or even at par or at premium, why not, if COBR manages to raise at a premium without a new discovery to fast-track proving up their resource, HE1 could pull that off too with this massive discovery.

All of this & there might be other options than a raise to progress, so this shouldn't really be too much of a concern for anyone. The huge discount last time was because they had little choice, they held a weak hand. They hold a Full House this time.

Does anyone have access to the Liberum analyst report mentioned in the Times article? I can't see it on Bloomberg, wondering if they put a new price target:

"Analysts at Liberum, the company’s house broker, said the update represented a “significant event” for Helium One"

Baron, how does it feel being the last muppet standing? When will you also flip like all the other derampers who said "this will fall to 0.1p the day after the first increase in price?

Apparently 1100%+ in a month not enough for it, let's revisit at 1500% then.

Love reading about LTHs getting back to the stage where they have conviction in this company again too - it's been a rough ride for you for sure, and it's good to see that some of you already managed to break even and that many more will, and that you can finally also turn a healthy profit (unless you decide to cash out and get your money back, which also is perfectly understandable).

With many LTHs being positive about the company and CEO again, and newer holders too, and a market cap that is well below what has already been seen before any helium/hydrogen find, this could really turn into a powerful dynamic from the much more de-risked base we are standing on now after 2 outstanding RNS updates.

Because a re-rate takes time. You say it yourself, "this should be so much higher". But it did a 100% rise today, it's hard to do that much more when there's - understandably - also a lot of people who want to take profit because their target has been reached. They have taken profit now, so won't do tomorrow, whereas the people who have bought today, if they have only bought after this RNS, a lot of them will want to increase their position still, because as you say, the market cap is still way too low for what this is.

In a nutshell: Need to allow for some profit taking by some along the way with big news and big rises like this, it gets there in steps, which is fine, because it's not exactly baby steps, and it gives you plenty opportunity to buy below what is quite likely lower than fair value due to the profit-taking dynamics above; a little closer to fair value every day, but well below fair value still.

To be fair if you looked at the RNS title first, it probably calmed the nerves a bit!

Similar to sirmark, but he beat me by around 1 million shares haha

And just to clarify, in case you haven't followed the news yet and i can see how it might be confusing from what I posted about independent lab:

The current numbers are already lab results from the samples, they've dotted the i's and crossed the t's, but it was the on-site lab, not an independent one yet. So it's virtually certain that this will be termed "Discovery" when (not if) the results get confirmed from the independent lab.

Yes, they have, in simple terms. But there are restrictions in the industry, you can only call it "Discovery" after it has all been verified also by independent lab, that's why they collected the duplicate samples. But you see the numbers, they are 8x above the threshold what it commercial for helium, and the CEO wouldn't use "world-class helium province" in the interview for no reason.

It's fun that we get quite a few doom&gloom people here over the past 10 days, it makes perfect sense, because 90% of the time when shares rise quickly, they fall straight right back (as some that they had cross-ramped here in the past days).

The fact that HE1 doesn't, and keeps rising at a good pace, but also gradually almost throughout, without enormous spikes (other than the initial one on game-changing news)...says everything really.