Member Info for Skippysb01

Every helium off taker will have focussed very keenly on the 4.7% green helium find. That is huge news in the industry. This type of news drives keen decision making.

Always look at the market cap. It seems to me that the market likes £50m market cap for now. Ask yourself what this could be for a massive resource estimate, start of EWT, end of EWT, heads of terms signed for a JV etc. IMO a combination of those things could move the market cap to £200m or SP in the 5s without dilution.

What might fund raise look like. About 20% of the current mid cap. Do the maths based on what you think the risk is.

By the way, those saying there cannot be a JV before the EWT results are right but you can announce an informal arrangement before then. We don't know if there is competition between off takers for this but it isnt impossible for an off taker to want to get ahead and sign something ahead of EWT. I would be surprised but not writing it off either.

Filtered slackjaw. Absolutely zero value to the message board.

Buys v sells is not how the sp is driven. Whilst volume is important, liquidity in the moment is far more important. Punters do not want to pay more for the shares - buyers are not the driver you are looking for. Watch the bid. It's when sellers dry up that volume of buyers really starts to matter because the mms are forced to increase the bid to gather shares that they can sell.

False narrative. LB did not do an interview to reassure investors. LB always does an interview after an RNS. Members of the board are always moaning. The interview was to explain. Anyone with a brain knows it takes time to prove up and make an asset commercial.

"with more buying SP hardly moved in last few days, that tells you market is aware of something"

No it doesnt.

"This will drop to under penny, why market won’t let this go up?? Reason is market know more then us..."

Nothing between the quote mark has any meaning whatsoever. If the market knows more than we do, how do you know that what the market knows will make the SP drop.

Lemon sponge please with earl grey tea.

Director buys are a very poor indicator of future success. Probably a closed period in any case considering negotiations with third parties that won't complete until after the EWT. LB could be speaking to Exon for all we know.

All good. Knowledge build sentiment. We are on a steady growth of knowledge and data with much more to come. The SP may not rise at the same time but it's like a coiled spring.... all this knowledge turns it tighter for the big one,

Words cannot tell how boring all this in fighting is. Stick to one off sarcasm and move on. That's my advice.

You are allll sooooo interesting with your funny fights.

See.

They are both.

Resource estimate next?

Thing is even without knowing what model they will use and doing the maths.... you can assume that based on the drilling so far, that the entire basin is full of helium holding liquid. So 1000s of square kilimoters x whatever model they come up with is going to be massive potential resource.

We are no longer in the period when we had to raise funds just to survive. It truly is an investment in a very de risked prospect at this point. Get the raise out the way and I can see the SP going up after that and more than covering the dilution from that. Got to assume dilution for an AIM share (I don't write off the chance of funds arriving from elsewhere - the investment case is so compelling now) but I would be happy to get it out the way.

Orslega not 'Ortega'.

EWT about £3-4m a pop based on assuming a simple split of Nobles fund raise. I guess they may have had some working capital in that too?

Anyone else have anything else that would help to estimate this cost for the EWT?

Ortega confirmed in the other thread - is AUStralian $

https://www.investi.com.au/api/announcements/nhe/15277dc3-8a7.pdf

'The Company is pleased to announce that it has received firm commitments from institutional, sophisticated, and accredited investors to raise AUD$14 million (before costs) through a placement of a total of 107,692,308 million fully paid ordinary shares in the capital of the Company (Placement Shares) at an issue price of $0.13 each (Placement).'

Not clear to me when Noble are doing EWT. It occurs to me that Noble and HE1 could partner on that. Even if they did this at the same time - going with the same company, people etc would help. Can also see Noble using the HE1 drill - in fact it seems bonkers no to?

Joe. Agree. Trying to work out how that's sp[lit. As per my message below - that's about £8m.

So maybe between £2m and £3m for one well EWT?

Important to note that the Noble raise for 14m is Australian dollars so about £8m. Not clear how this is broken down into 2 wells tests and more drilling?

I still think it would be useful to see some examples of the cost of an EWT? I tried to look for this with Avanti Helium but frustratingly they only have the last 3 market announcements on the website and finding it all in the Google jungle is very frustrating. It's a very similar green hydrogen play.

Cricket. It is absolute fantasy that anyone was in panic mode or that the interview was bad last week. SP fluctuations are completely expected. They are not going to run the EWT until Q3 so what do you think they should say about that??

It’s incredible that people don’t realise that what the company say actually needs to relate to what is happening in the real world.

So examples of actual EWTs for onshore gas wells would be useful. Bridgedogg - if your example is based on something concrete please share.