Member Info for Skippysb01

I didn’t mean to write ‘£x’ and for it to mean £1 or more. I meant for a sum and that sum could be a lot of things.

What I’m saying is I think we will get a JV and market cap somewhere over £200m and I have no idea what the upper limits might be until we get more data.

But a multi bagger buy out means I can walk away and not think about it anymore and that’s very appealing. Roger I think you are right in that in real life even that comes with more choices before it’s solved.

Stephen11

You make a very good point which is being missed by many. Rarely does a company get so clearly on the right side of an opportunity the way that HE1 has done in the last couple of weeks.

Think a JV is more likely. They had interested JV parties before all this helium was actually found so it must surely be easier to get more interest now.

Do we understand what the operational scale of commercialising this find looks like? Is it relatively simple compared to other resources or more complex? It’s very light so does that suggest ease of operations/mobility of the product? Is it hard to extract the helium and compress it in situ? Can HE1 scale with a JV to pull it off?

Good thing about a takeover could be that it provides closure. It’s hard to know when to call it a day on an investment but that might take the decision out of our hands. Waking up one day and getting an RNS telling me I’m getting £x per share would be a great outcome if it’s good value. This is what so many investors were waiting for on EUA - ideally you want closure before circumstances catch up and bite you.

So Triplestar. Please explain how the placing price equates to a potential sale price for the whole company? I'm very interested so please don't shirk on the details.

Also - if they did not do this current opportunistic placing then we get endless de ramping about 'placing coming!!' which means that the market won't appropriately rate the company value. Getting that out of the way makes a lot of sense to me.

This is not like the previous raise. This is investment to realise commercial potential. IMHO the SP will do well today and certainly hold above 2.16. You have to consider noble lab results too.

Discovery is now just a rubber stamping exercise. They have flowing helium and hydrogen to the surface!

We know they had JV interest previously and that was before they had fully completed a well. So it’s odds on a JV for me.

JV would bring the plant technology they do not have and at lower risk. They probably want to be producing and at the same time drilling additional wells.

Flow testing needed and likely a JV condition. But it’s very good from here. You don’t just find it from one completed drill and not expect to find more.

I meant the last raise not the last RNS

They stated that the last RNS included 3 months working capital.

Exactamundo!1

Different grades of idiot.

RickyK. Exactly. It’s one thing raising funds to survive and secure enough to run another speculative drill but now they are on the path to developing that prospect to commercial realisation. It’s massive and the market is still trying to understand.

HE1 will come back and provide detail about the scale of this and the options to commercialise. I expect they are hoping for a big player JV or buy out.

They have to have it independently confirmed as per the regulatory rules.

So the RNS is basically saying that they did state of the art testing on site and found 4.7% helium for a globally significant helium resource in just the one well. I.e. massive find. They will now get that independently verified whilst discussing the find with anyone who is interested. Which will be a lot of interested.

HE1 included 3 months working capital AFTER the Itumbula well in the last fund raise.

No that is not true. 4.7% helium has nothing to do with grades of helium.

Thanks. I’ll just sell everything and keep the cash in the mattress.

What an absolute berk!

Lorna always does interviews same day as RNS. They usually appear early afternoon.

They had enough for 3 months working capital AFTER drilling Itumbula from the last raise. This INCLUDES full funding of the well.

Considering it’s all gone so smoothly this well I expect they haven’t spent as much as they thought.

Market is still processing the news. I got some more at 2.4p and it took about 20 attempts to buy on HL. For once it really was NT to buy!

The market cap will re-rate. Volatility will be at an entirely new level of SP.

I think you are going to get back to profit GG. Just a hunch……