Member Info for strop

Keep - I am a LTH and will continue to be so as I still have faith even if it has been dented somewhat this week. However, when you criticise people for saying out of funds, I would appreciate an understanding of why?

This weeks raise was purely to fund a farm in to a company that I personally wish we hadn’t but it is done now.

The raise before that was specifically to fund the EWT. At the end of EWT we need more funds. We are at the back end of EWT so will need more funds.

Don’t, like I did until recently, rely on other funding options that don’t lead to further dilution as promised by Jacobs because this week shows he cannot currently be trusted.

CCC agreed but not for a while with either option and I personally would have preferred the raised funds were for Tanzania although ideally would have liked Jacobs to be true to his word and not diluted any further. We are where we are though and none of us can do anything to change or affect it so upwards and onwards!

CCC - Agree with most of your post with one huge exception and that is when you say we have a second revenue making asset. We currently have none and no guarantees that we will ever have one or two.

I hope it is 2 but currently we have none.

Ag - why you calling out pub? You have turned on a sixpence; pub has been consistent. Look at your posting history. You were a huge ramper calling out every deramper under the sun, up to and including this weekend.

Here is just one example.

23 Aug 2024 17:04

Weep why??? this share fluctuates a lot ill weep when I've lost the lot..... not going to happen beat it

The news and more importantly the market reaction yesterday was not what any of us wanted but we have come back before. You even acknowledged that in your post above.

I am sure you are angry, many of us are but if you no longer believe, sell, if you haven’t already and leave gracefully. You are sounding like your nemesis sharebel now.

Conspiracy theory here! Actually just my inquisitive mind. But we just allowed one Australian company mates rates on shares so we could “afford” to invest in another Australian company. I wonder if the 2 transactions were dependent on each other and will try to dig deeper

Diver - But we have shared our eggs in a company that has not produced a thing. Zero revenue and may never produce. It is a punt. Even if it does produce against somebody's expectations it gives us 2 million dollars a year against a 6.5 million outlay when we do not have any revenue ourselves?

Bye again Toffers.

Hopefully you can keep the your new favourite board going over at B&M and increase your 2 posts there now you have bought 20000 shares in them at c430.00 Good Luck

Sorry link not working.

If you look at the last webinar https://www.youtube.com/embed/E63iORJMCEE

About 24 mins 17 seconds in Lorna describes the process and labours the fact that the process of getting the helium is simplified by the absence of hydrocarbons and separating from the water and other gases is "a very straightforward process"

shared from another site.

*************heliumone/107924

55 Do you have a date in mind?

Lots of interpretations around fluid today which of course can just be gases. However worth looking again at Slide 13 in the June presentation which showed the planned production facility with an element to capture water if necessary.

https://www.helium-one.com/wp-content/uploads/2024/06/240611_HE1_Marketing-Presentation_for-website.pdf

Of course, hopefully all will become clearer when we get the final EWT results and analysis.

Pub - I admire your optimism but would have felt better without the American distraction.

It is a punt costing us £6.5 million in a company that has not produced anything to date and may never. If it does we are told that it will be 3 to 4 years before we see the return of our initial investment. Far better to have kept all our eggs in one basket which potentially could be giving us far better returns in Q4 of 2025 anyway. I really don't understand the rationale for todays news.

Holding on though.

Really disappointed for a number of reasons today.

We knew they were funded for the EWT and we all knew further funding would be required thereafter; but and it is a huge but, Jacobs said in the last webinar that they felt bad at the last placing but had no other options. He also said that with good EWT results they would be in control and not have to go cap in hand and essentially ruled out any further placings quoting any manner of other options they would use in the future. I now know that when his lips are moving it is because he is lying because the Blue Star deal must have been in play at that time.

That said, I could have stomached another placing if it followed good EWT results and was to further commercialising what is happening in Tanzania. That project is what I invested in. If I wanted to invest in American Helium I would have done so but believed in the Tanzanian project.

In fact it is ironic that in the RNS announcing the Blue Star deal today, at the bottom of the document, in the note to editors it states "Helium One Global, the AIM-listed Tanzanian explorer, holds prospecting licences across three distinct project areas, with the potential to become a strategic player in resolving a supply-constrained helium market".

My second disappointment was that having done further research on Blue Star, it is a punt. They have not produced anything yet and may not ever do so. They are short of cash too even if they get their hands on our money. It isn't even given that the deal will be sanctioned as it still needs regulatory approval.

I am hanging on as I still expect the final EWT results to be good and therefore restore a little faith but I do agree that the BOD needs some changes especially as they have now, wrongly in my book, caused a massive distraction for them and their shareholders.

Villa - When you invested, assuming you did/have, how much skin in the game did the directors have then?

Certainly not enough to fund Tanzania projects!

From the RNS

The initial wells are expected to be on stream and producing in H1 2025 and an independent third-party competent person's report indicates that an average of approximately US$2 million per annum will accrue to the Company over a period of five years. However, these estimates represent only sales from the production of helium, and the Company believes that the sale of associated CO2 into the local market, could increase this by up to 50%.

You can subscribe to email updates from Blue Star by adding your email address to the box at the bottom of this page

https://www.bluestarhelium.com/investor-centre/dashboard/

Just us - Hard to believe that people don't read the RNSs.

Also the same people who always tell everyone else to DYOR were on here within minutes of the release of 2 RNS this morning giving their opinions of what they meant and how good/bad it all was that cannot have done any research on the contents whatsoever.

Hi Diver - Blue Star are not yet a production company either.

Their most recent operational update (30 June 24) can be found here https://www.bluestarhelium.com/wp-content/uploads/2024/07/61218561.pdf

They dont have much money either with Quarter end cash balance of A$1.225 million and zero debt.

That said the prospects that we have bought into do look positive and fairly simple to monetise with plans already well advanced to do so.

I did however note from Lorna's interview that we still have some hoops to go through and that the transaction would not complete until end of September/early October although the raise and issuance of new shares will happen this month. Lots more reading to do though!

Apologies I think it is actually https://www.youtube.com/watch?v=VcGCT8A8F9w