Member Info for steve58

Cheers Chris.

Not a brilliant start to the new year.

Hope helium sp reaches at least 20p by first drill.

All back in here anyway still hoping for a sale/ farm out for Ruvuma.

15 to 20% sale with 5 to 10% free carry and at least $25 million in the bank.

Cheers.

Not sure about the options I assume we pocket the difference between sale price and cost.

How much is our helium one stake worth including the options?

Happy new year to you Chris.

Just wondering if the wording near term equivalent means the helium one shares.

If so we have barely nothing in the bank cash wise.

Gneiss xmas bonus probably.

Let’s hope next year is much better than this last one.

All have a good one and enjoy the fireworks.

I see Mr Fitzpatrick has increased his shareholding in bloc to 4.27 %.

A shame he can’t buy here to show confidence in the company.

Speaks for itself really.

I was waiting for the hope to do better next year and sorry for decimating shareholder value.

Looks like they have been drawing down to keep the lights on.

No directors are being paid and yet costs are still at least £500000 a year . Not sure if that includes fees. All things considered a pretty awful show by our experienced board of directors.

Did sell out completely a couple of weeks ago to invest in He1.

Now back in big time but at least got 50% more shares than I had a few weeks ago due to he1 exit and lower sp here.

But basically invested since the reef days.

Average down from 15p to about 7p .

Sounds like I’m not the only one.

Would be interesting to have a list of our break even sp ‘s required.

To think this time last year the big Danish deal was going through.

We had the board lining up telling us about it.

Since then an aborted deal and name change.

Let's hope next year is a better one for everyone.

It can't be worse can it?

Afternoon Chris.

Most Interesting how he did a stand alone piece on scirocco.

I think he is of the opinion that we cannot wait until 2022 to drill Ruvuma.

Farm out or full sale could be announced soon.

Also praising the board for their credentials.

Not too sure about that one.

Out of helium one as can’t see much movement for a month or two.

Managed to get back in at 1.075 having sold at 1.4 so now got nearly 1.3 million now.

Hope for news soon that may push the sp northwards.

Thanks for that.

Would still be good if they could actually do a bit more to generate income instead of paying fees to gneiss.

Morning Chris.

What exactly has he supposed to have done wrong.

I know he and the board have decimated the sp by 70% plus but that's all above board isn't it.

Regarding broker targets due soon.

If these are the sort of figures expected lots of former Attis shareholders should see their money back.

Seems within six months we should have some good news here.

Of course share prices always seem to be based on future income and profits.

IMO we could be looking at a mid cap company in a very short time frame.

Not sure if those shares were issued pre consolidation but whatever those shareholders are sitting on huge losses.

They are definitely trading.

Last years available sales income shows over $5 million US dollars.

Could have got more information but d&s wanted quite a sum just for a few figures.

Not sure what year the sales figure refers to but probably 2019 fy.

Let’s hope the postponed ipo gets moving again.

IMO Leed will have a major part to play given their tax losses.

Nxt could easily pay for them to be relisted on the London aim market and then rto into them.

Thanks. I try to keep up with things.

Looking good for next few months drilling etc.

I wouldn’t even want to guess as to what the sp could be six months from now.

Hopefully a bit higher than it is now.

16% government free carry in addition to 3% royalty. So about 20% of income goes to the government. We should clear $150 per mcf at least.

There was an article about three years ago that said the helium would be transported by helium powered airships built by Lockheed but that route seems to have disappeared.

I thought I saw somewhere that the government took about 20% in total.

I will try to find info to confirm.

Thanks Chris I’m glad someone on here knows what they are talking about.

Maybe a job on the board as a non exec..

Sorry getting confused here.

£2.2 million was investment and options have to be paid for and then can be sold at market price so our profit is the market price less the option price.

Did you mean that helium drilling etc is reflected in our reduced holding.

Didn’t realise that we were expected to pay 15% of drilling costs etc.

Correct me if I’m wrong but totally confusing me here.