Member Info for Skippysb01

Very true. The lab won't have a clue about how much the reserve is or how fast it's flowing. Just a breakdown of what's in the cylinder. HE1 can have a play with the well in the meantime and provide a lot more data.

Pushing cloth now

Gogs. Could be that a potential JV partner would want further proving up. Would they do that under the JV or before a JV? Lot's to think about ands I would expect that the next news we get would outline some of the commercial options and likely route to them.

Can't write off more drilling ahead of commercial production of helium. I agree. But it's not what the latest funding round is for.

There will also be an element of what HE1 wants to happen and what actually happens. The start point could be that they see the evidence is there and JV could add value right now but the JV partners can of course disagree. Seems to me that when I see other JVs being spun up they come in very early in the process?

"By moving quickly and finalising this company led placing early on, we have been able to strengthen our working capital position, which will enable us to fully focus on the next phase of the Company's growth."

Doesn't sound like a drill in the near term to me. Sounds like JV or other commercial drive.

Don't forget they had JV interest before but it dissipated - likely down to now being great at getting the drilling done. Different now. They clearly believe the testing they have done on site proves up the viability of the well. They can't say that quite so clearly without independent lab conformation but it seems to me they know.

This is what we know because it is in the placing RNS:

'The company led placing provides the Company with sufficient working capital to progress its planning for the next stage of the work programme in Tanzania. The Placing has been undertaken with long term supportive investors, with Peterhouse Capital ("Peterhouse") acting as the placing agent. This placing enables the Company to determine the next stage of its work programme following the success of the Tai-3 and Itumbula West-1 exploration wells.'

LB - "The results that we have achieved from the Itumbula West-1 well, flowing helium to surface in such significant concentrations, has confirmed a globally unique helium producing province. By moving quickly and finalising this company led placing early on, we have been able to strengthen our working capital position, which will enable us to fully focus on the next phase of the Company's growth."

Some of us take profits whilst remaining invested. Seems sensible to me.

It depends what the placing is for and how much it is v the market cap/shares in issue.

Placing to fund further exploration - always pulls the sp down to placing price especially if it's a big placing

Placing to fund move to production/commercialisation - can be seen by the market as added value and may not pull the sp down to the placing price. Market focus moves to the market cap v that potential.

We are the latter.

Perspective. This share has exceptional demand and has held up exceptionally well even after this weeks placing (because the placing allows a drive towards commercial realisation).

Yes there is a pause so far today but that's to be expected as we wait for the next news and forward plans from the company.

4.7% helium flowing from the well folks. This is why we invested and it's becoming a reality.

These are sample canisters not big tankers full of gas. Can they be flown out? I don't think this is challenging.

We don't know exactly how long but in terms of getting the gas samples out of Tanzania - well that is where you start to get the value of goodwill from investing in the community and Tanz government connections. Those photos so may were critical of. This has it's own value.

Crusty. Yep, I would assume they will want to keep looking for even sweeter spots. The advantage of this current well is that if it has commercial flow they can build a commercial proof of concept and very quickly get to generating revenue. For all we know they could have drilled 10 metres to the left and got 10% or nothing. Having a well that is already commercial is just so fortunate at this stage.

Need to understand the flow rate from Itumbula. How much commercial gas are we talking about?

Expect them to monetise the current well with a JV to build and operate the plant. Maybe this will be seen as a proof of concept for commercialising the license. I expect they will have JV offers to announce to the market in February.

Also to drill a small number of further wells. Might they go back to Tai? Not sure as it seems clear that Itumbula is a better helium producing area. But maybe Lorna sees Tai in the same light if they can finish Tai3?

The market is no longer aligned to the financial markers of an exploration company for HE1.

This is now being priced more along the lines of a company that has a commercial discovery which is still to be quantified.. So for most investors it's now about the market cap and whether that fits the resource and it's potential.

Previous placings no longer drive that potential value. So even though it was only a few days ago and it clearly diluted the SP it does not impact the potential market cap and the market sees no reason to anchor the SP to the placing value.

Also - there are people who own shares that came from many previous placings that haven't sold them. So nobody knows if all of the this weeks placing shares have been forward sold or not and nobody knows if the .25p shares from the previous placing have been sold either. People hold for future value and the same people or different people might hold some/sell some/sell all and any combination of this. The fact that the SP is almost 1000% up since the recent lows and is holding it's value just shows how much potential value the company currently has. It will re rate again if there is a clear planned route to commercialisation or JV.

Musician. I think the thing that is missed on these message boards (because of all the tribal damper v de pamper bolux) is that most of us are both in and out.

I'm in long term but I'm prepared to trade of the top 20% of my holding. That's plenty in and I'm very unlikely to be completely out at any point in the near future. But I'm going to act if the sp rockets because as you can see - it always falls back after that for a time at least, providing opportunities to re invest those profits. There have been occasions over the last week when I have missed the boat because of brushing my teeth at the wrong time or getting the kids to school.

Honestly i think the market cap should be £200m right now and my decisions are based on that eventuality. I have no idea what the upside is from that but if this get's to production it has almost limitless potential - hence my longer term investment.

A more appropriate question is what should the company be worth.?

For all of these AIM exploration companies this is a market guess until they discover something. Once we get flow rates & an independent expert judgement of the size of the resource (i.e. cubic meters of helium that can be extracted) this then becomes something that can be calculated with more certainty. This could re rate the market cap.

Right now I'm asking myself if the market cap is anywhere near what the value of the company will be if they can get this to production. Hence I'm holding and smiling.

On a more serious note. Every time someone puts 'NT to buy' on this message board the share price seems to fall. So maybe don't.

Surely that would be 'NT to sell'?

I hope the National Trust is not buying HE1. Not deep pockets.

Number of shares in issue x share price = market cap

You really do need to back up the twitter rumour. Can't find it.

£1. Work out the market cap for that. It quite a leap of faith.

Certainly the potential upside value is way over the current market cap. Just impossible to quantify without further data. You can sense the excitement in the daily trading activity. Nobody knows what this is worth yet. It’s exciting.