Member Info for strop

WSBN put out an RNS on 18th August, part of which said “ Transport of the core to Perth to be cut and assayed will now be expedited.”

As far as I am aware, they still haven’t announced the results which would indicate the process isn’t as quick as some people imagine.

BSR - Oh the irony of such questions from one such as you.

BSR - In the same place that provided your information that JUD002 was drilling to the exact depths and same schedule as 001.

BSR - You are aware that Jud 002 is going deeper than 1 aren't you?

I am sure you are also aware that the RNS announcing the completion of Jud 001 was released 4 days after the drill had completed.

Doubtless you are also aware of how long assays take over there, so I doubt there is any need for you to ask such things of holders in WSBN.

I thought you only liked factual posts and here you are simply scaremongering with conjecture based on your own agenda; whatever that may be as you do tend to flip flop about.

With views from the helicopter

https://x.com/geoexpltd/status/1965347351964590252?s=46

"A district-scale discovery is the identification of a large area containing multiple, possibly related, mineral deposits or a single, massive mineralizing system, rather than just one isolated deposit. This concept broadens the perspective of mineral exploration to encompass the geological context of an entire region, leading to a more comprehensive understanding of mineralizing processes and increased potential for finding significant new ore bodies"

Happy Days

Unknown trade at 1134 hrs. My personal opinion for what it is worth is at that time and at 49.15 it is more likely to have been a buy than a sell.

04-Sep-25 11:34:24 0.4915 10,000,000 Unknown* 0.47 0.49 49.15k O

“With JUD001 now underway, targeting a 4 × 2 km IRGS system, we’re deploying the same high-calibre technical team that helped unlock Havieron.

Early-stage success here could be transformational—not just geologically, but for shareholder value.”

Interesting that he is saying “ Early-stage success”. Is he implying that news is imminent or the early stages of a wider drilling campaign?

Https://x.com/valueaimtrader/status/1960715315613946116?s=46

Juno is shaping up as a large-scale IRGS target—4 km × 2 km of coherent geophysics, based off modelling to date, and backed by the same elite drill crew that helped unlock Havieron. We’re not just drilling—we’re chasing a system that could redefine GEO.

Let that sink in...

So we should not make our own decisions but take the advice from somebody who just 14 days ago said 'The mining licence hasn't been fully granted yet, and there is no confirmation of funding (obviously will be through TZ partnership) or JV details so this hasn't been derisked yet'.

RJ I just sold 1.2 mill at .8725 so definitely some buyers out there. Moving them elsewhere in the hope of a quicker profit and will look to return to top up my reduced holding here. It is the first time I have blinked in 2 years here!!

Very mixed feelings about the announcement today and will need some time to digest and research.

Wasn't expecting a fund raise in this manner although knew that funds would certainly be required for the Rukwa project. However our illustrious CFO has certainly indicated if not guaranteed that further dilution was not on his agenda. He clearly wasn't reading the room with such comments which is a concern at his level.

I was also not anticipating a raise for Colorado given that in the initial announcement in August they stated:

The Subscription was made with a single institutional investor, Cynosure Capital PTY Ltd, with Marex Financial acting as the placing agent, and will enable the Company to meet the financial obligations under the Agreement which will result in the Company acquiring the Interest. Subject to the conditions in the Agreement having been satisfied or waived (if capable of waiver), the net proceeds of the Subscription will be applied in respect of the Acquisition as follows:

· US$1.5 million in respect of past costs incurred by Blue Star on the Galactica Project;

· 100% of the costs in respect of six wells capped at US$450,000 per well;

· up to US$2.55 million in in respect of the Company's 50% participating interest share of the tie-back, installation andprocessing expenditures required for the development of the Galactica Project;

· the balance of US$1.18 million in respect of associated fees, legal costs and working capital and development contingencies.

That looked to me like they had enough funds to see them through to the production phase. To now be committing a further £4.5 million to that project does look to me like they are looking to buy out Blue Star's interest or perhaps a share in other acreage as alluded to in the initial RNS in August: "The Company has also agreed a right of first refusal with Blue Star pursuant to which the Company will be entitled to acquire all other Blue Star helium acreage (other than Blue Star's Serenity prospect) on the same terms as those offered to Blue Star by a third party. "

Interesting times and lots to consider. Maybe more flesh will be added to the bones over the next few weeks?

Great to have a new poster extolling the virtues of another share and suggesting we all sell up as HE1 will do nothing for a very long time.

If you are following your own advice then you are clearly not invested here so why not leave all us poor souls alone and spend all your time on the other share's board?

Noted that AEX Development licence was granted in May and the formal handing over ceremony didn't take place until September, so we may need a little more patience if that process can be used as a reliable yardstick.

From the initial RNS regarding Colorado indicating that HE1 already built in a contingency fund of $1.8 Million in respect of associated fees, legal costs and working capital and development contingencies. So HE1 shouldn't need the further funds assumed in the initial post?

The Subscription was made with a single institutional investor, Cynosure Capital PTY Ltd, with Marex Financial acting as the placing agent, and will enable the Company to meet the financial obligations under the Agreement which will result in the Company acquiring the Interest. Subject to the conditions in the Agreement having been satisfied or waived (if capable of waiver), the net proceeds of the Subscription will be applied in respect of the Acquisition as follows:

· US$1.5 million in respect of past costs incurred by Blue Star on the Galactica Project;

· 100% of the costs in respect of six wells capped at US$450,000 per well;

· up to US$2.55 million in in respect of the Company's 50% participating interest share of the tie-back, installation andprocessing expenditures required for the development of the Galactica Project;

· the balance of US$1.18 million in respect of associated fees, legal costs and working capital and development contingencies.

Thanks for responding.

So it does not specifically say subject to further funds from HE1? It just mentions the previous farm in agreement with HE1? And unless I am wrong, that farm in agreement was communicated by RNS and was a one off payment that HE1 honoured without any commitments financially by HE1 other than the initial payment?

Blu - where does it say “subject to further funds from HE1?”

Reading the link you posted and specifically section 8 and cannot see that. Reading on mobile.

With so many shares in issue, does anybody think that the company may look at share consolidation?

If so is it more likely to be much further down the line, given current priorities?

Been a nice few green box free days too. Where are those people that profess to be on here to add balance and save us from Armageddon?