Member Info for Svend

And I return the salute with a respectful tug of the captain’s cap.

A well-aimed tricorn doff is always welcome on deck. There may be fog on the horizon, leaks in the hull, and the odd parrot shouting insolvency from the rigging, but until the final RNS cannon fires, I’ll keep one eye on the chart, one hand on the tiller, and the ship’s cat away from the lifeboats.

Fair winds, me hearty > and may the next announcement carry more treasure than barnacles.

Not quite, shipmate.

What I’m saying is: if it breaks the upper harbour wall, the next port is north; if it loses the lower deck, we tighten the ropes.

That is not “it might go up or down.” That is called having a map, a compass, and an emergency exit > rather than sailing blind into the fog shouting “gotcha” at the tide.

BobbyB

A fine piece of dockside theatre, I’ll give you that.

But speculation and stargazing are not quite the same thing as assessing a formal farm-out process, an appointed adviser, a granted mining licence, and the hunt for a partner with the balance sheet to fund development. That is not a sextant pointed at the moon; that is simply reading the chart before the tide turns.

From the crow’s nest, I see neither clear blue water nor certain shipwreck. I see a small vessel carrying a potentially valuable cargo, short of provisions, looking for a serious industrial escort before it attempts the next crossing. That is the whole point of the farm-out.

If the partner is a proper industrial gas name, the market will stop calling it a leaky dinghy and start asking who has just come aboard. If the deal is weak, vague, or only another junior passing the same bucket around, then yes, the bilge pumps remain busy.

As for making the board walk the plank, keel-hauling the CEO, and flogging the crew — entertaining imagery, but investors are better served by terms, funding, dilution, offtake, and retained ownership than by pirate justice and pub cannon fire.

So I’ll keep the sextant, thanks. Better to navigate with imperfect instruments than shout “she’s sinking” from the harbour wall while everyone else checks whether a tugboat is actually approaching.

No rum required. Just a binding deal, proper funding, and a partner with more than a parrot on its shoulder.

Mr Market/The US500 is still providing favourable market wind, with price above its main 4H moving-average convoy. That keeps the broader risk tide supportive, but it is stretched near the upper rail, so June may start with chop.

RR, however, is sailing faster than the rest of the fleet.

RR chart position

RR has now cleared: 1193 → 1250 → 1300 → 1325/1330

Latest RR area sits around 1337–1340, with the next harbour guns at: 1347–1350

The RR moving-average convoy is bullish across the daily, 1H, 4H and weekly charts. Price is above the key daily averages, with the old 1250 cloud wall now acting as the main swing support.

Captain’s June map

Above 1330: Bulls command the deck.

Above 1350: next waters open to 1370–1385.

Above 1385: the 1400+ blue-water zone comes back into play.

Below deck:

Lose 1330: first caution.

Lose 1310: momentum cools.

Lose 1300: pullback likely.

Lose 1286–1275: deeper reload zone.

Lose 1250: breakout weakens.

Lose 1193: back into the fog.

Master sailing order

RR is bullish, but extended. The clean June plan is:

Break 1350 = sail for 1370–1385.

Hold 1330 = stay aboard.

Pull back to 1310 / 1300 / 1286 = possible reload zones.

Lose 1250 = tighten the ropes hard.

Captain’s verdict: RR is leading the convoy into June. The wind is behind her, the moving averages are stacked, and the next test is the 1350 harbour wall. Clear that, and the old 1400+ clear blue skies/waters are back on the chart table.

Enjoy the Voyage IV🙌

MCNol,

(1.5/2)

4. Messer / Iwatani / Taiyo Nippon Sanso / Matheson — likely dark-horse industrial gas/offtake partners

These names make sense as supply-security buyers rather than necessarily operators. Messer has already signed long-term helium supply deals with QatarEnergy, showing an appetite for secure helium sourcing.

Why they fit: helium scarcity, industrial customer base, possible interest in long-term African supply.

Reality check: they may want commercial offtake first, not a direct farm-in.

Market reaction if chosen: positive, but below Linde/Air Liquide/Air Products unless the funding terms are excellent.

5. Blue Star Helium — relationship fit, weaker funding fit

Helium One already has a 50% working interest in Blue Star’s Galactica-Pegasus project in Colorado. That deal saw Helium One farm into Blue Star’s project by funding development drilling and paying past costs.

Why it fits: existing relationship, helium development experience, known partner.

Reality check: Blue Star is not the industrial heavyweight investors would ideally want for Southern Rukwa. It is more likely to be a technical/commercial collaborator than the big-money validation partner.

Market reaction if chosen: modest positive, not transformational.

6. Noble Helium — Tanzania/Rukwa basin consolidation angle

Noble Helium is active in the same broader Rukwa Basin, advancing its North Rukwa project in Tanzania. It has been preparing a multi-stage drilling campaign and has a large prospective resource position.

Why it fits: basin knowledge, Tanzanian helium focus, possible infrastructure/logistics synergies.

Reality check: Noble is more likely a peer/consolidation candidate than the deep-pocketed farm-out funder Helium One needs.

Market reaction if chosen: mixed. Interesting strategically, but not the blue-chip validation investors are hoping for.

7. ASP Isotopes / Renergen — African helium experience, but lower probability

ASP Isotopes acquired Renergen and is focused on developing helium production at the Virginia Gas Project in South Africa.

Why it fits: African helium operating experience, technical knowledge, and potential strategic interest.

Reality check: they are busy fixing and scaling their own South African asset. I would not put them near the top of the list of likely candidates.

Who is “currently in the running”?

Officially: unnamed potential industry partners. Helium One and PVE have not publicly identified any named companies.

Practically, the likely data-room / approach list should include:

Tier Likely names My view

Top-tier industrial gas Linde, Air Liquide, Air Products, Best validation outcome

Industrial/offtake dark horses Messer, Iwatani, Taiyo Nippon Sanso/Matheson could fund via offtake/prepay

Existing helium relationship Blue Star Helium Possible, but not ideal lead funder

Tanzania/Rukwa peer Noble Helium Consolidation/logistics angle

MCNol,

(1/2)

No confirmed shortlist has been publicly disclosed. Helium One has confirmed the farm-out process, but it has not named bidders, data-room participants, or preferred partners. So anyone naming a definite “winner” is guessing.

Confirmed position

Helium One has now moved Southern Rukwa from exploration into appraisal/development. The project sits within a 480 km² mining licence, held by Songwe Helium Ltd, in which Helium One holds 83%. The company says the licence is Tanzania’s first helium mining licence and one of the largest mining licences awarded in the country.

PVE Consulting has been appointed to lead the farm-out process and has been mandated to “progress discussions with potential industry partners” and seek external investment.

The technical hook is decent but not clean-cut: ESP testing delivered up to 16,400 bpd equivalent water flow, sustained helium concentrations of 5.4% (peak 9.2%), but the gas-water ratio was at the lower end of expectations. That means a partner is being asked to fund more appraisal/development risk, not just write a cheque for a ready-made project.

My ranking: who is most likely to be approached / in the frame

1. Linde — best strategic fit

Linde is probably the cleanest “dream partner” from a market-validation perspective. It calls itself the world’s leading helium supplier, with a global sourcing mix and major processing capability.

Why it fits: helium sourcing, liquefaction, distribution, customer access, balance sheet, and instant credibility.

Reality check: Linde may prefer an offtake/processing/prepayment structure rather than taking upstream geological risk directly.

Market reaction if chosen: strongest positive signal.

2. Air Liquide — very credible, especially because supply diversification matters

Air Liquide is a major in industrial gases. Current helium supply-chain stress makes alternative non-Qatar, non-Russia sources more strategically valuable. Reuters reported that Air Liquide viewed Qatar’s Ras Laffan restart as the fastest helium supply relief, with the Qatar outage affecting about 30% of global supply and prompting temporary contractual measures and allocations.

Why it fits: semiconductors, healthcare, global gas logistics, strong reason to diversify supply.

Reality check: like Linde, Air Liquide may prefer offtake plus project finance rather than a classic equity farm-in.

Market reaction if chosen: very strong.

3. Air Products — another top-tier industrial gas candidate

Air Products presents itself as a major helium supplier with extraction, production, distribution and storage capability.

Why it fits: technical credibility, helium infrastructure, global customer network, ability to support sales/offtake.

Reality check: the question is whether Southern Rukwa is large and de-risked enough for a major to take development exposure now.

Market reaction if chosen: very strong.

Flyindaleflyer,

Yes, thanks. The order books must be swelling up. Just imagine the ignition or take-off when the ultrafan kicks in on top. It is mind-blowingly good.

Let's hope we see some more firm SMR orders landing as we start the fresh new Month of June.

Arsenal17, another defeat, 5 in a row, when, if ever, will you learn not to misbehave, selling out at a fiver springs to mind🤣 double up you big 🤡

Breaking the LT double top measured move above 480, add 300 = 780 (from the cup) is on the tealeaves upside for 2032 or sooner

RR remains bullish but stretched.

The ship has already cleared:

1193 → 1250 → 1300 → 1325/1330

Now she is pressing into the next harbour wall at:

1347–1350

The 31 May UK Blue Moon sits right on this trading window, so treat it as a tide-change marker, not a trading signal.

Captain’s map:

Above 1330: Bulls command the deck.

Above 1350: next waters open to 1370–1385.

Above 1385: 1400+ blue-water zone returns.

Below deck:

Lose 1330: first caution.

Lose 1310: momentum cools.

Lose 1300: ropes tighten.

Lose 1250: breakout weakens.

Captain’s verdict: the chart is still sailing north, but the moon tide arrives as the ship hits 1350.

Hold 1330, break 1350, and the voyage points to 1370–1385. Lose 1300, and the crew stops cheering and starts securing cargo.

End of update

Yes, it literally is a gold mine on fire 💥👍🧨

Latest zone: 1336–1340p

RR has now captured 1325–1330 and held the upper deck into the close. The next harbour gun is 1347–1350.

The moving-average convoy remains bullish underneath, but the ship is stretched after a strong run.

Captain’s map:

Above 1330: Bulls command the deck.

Above 1350: next waters open to 1370–1385.

Above 1385: 1400+ comes back into view.

Below deck:

Lose 1330: first caution.

Lose 1316: momentum cools.

Lose 1300: deeper pullback risk.

Lose 1250: back to the old cloud wall.

Lose 1193: back into the fog.

Captain’s verdict: bullish, but extended. Hold 1330, break 1350, then sail for 1370–1385.

Enjoy the voyage and have a great weekend IV🙌

Smokeytime *A senior Iranian source tells Reuters that a political understanding has been reached between Iran and the US, but it has not yet been finalised

Sparkythecat, if it is not a 'MEGA' deal its not going to fly.

Iran must agree that they will never have a Nuclear Weapon or Bomb. The Hormuz Strait must be immediately opened, with no tolls, for unrestricted shipping traffic in both directions. All water mines (bombs), if any, will be terminated (we have removed, through detonation, numerous such mines with our great underwater mine sweepers. Iran will complete the immediate removal and/or detonation of any mines that are left, which will not be many!). Ships caught in the Strait due to our amazing and unprecedented Naval Blockade, which will now be lifted, may start the process of “heading home!” Say HELLO to your wives, husbands, parents, and families from me, your favorite President! The enriched material, sometimes referred to as “Nuclear Dust,” which is buried deep underground with virtually collapsed mountains, caused by our powerful B2 Bomber attack 11 months ago, sitting on top of it, will be unearthed by the United States (which, it is agreed, is the only Country, along with China, with the mechanical capability of doing so!), in close coordination and conjunction with the Islamic Republic of Iran, plus the International Atomic Energy Agency, and DESTROYED. No money will be exchanged until further notice. Other items, of far less importance, have been agreed to. I will now be meeting in the Situation Room to make a final determination. Thank you for your attention to this matter! President DONALD J. TRUMP(TRUTH)

Retirment,

Ah, so the victory parade has begun because one sailor managed to tack with the wind and has now declared himself Admiral of the Fleet.

Well done on the trade. Seriously. Selling £13.06, buying back lower, and catching the move to £13.30 is a decent manoeuvre. But let’s not confuse one clean tack with mastering the entire Atlantic.

Rolls-Royce in Q1 and Q2 of 2026 has not exactly been sailing on a millpond. The share price has been thrown about by war headlines, oil spikes, peace-talk rumours, results-day repricing, buyback speculation, profit-taking, and every gust of macro wind blowing across the deck. One day the market is pricing fear, the next day relief, and the day after that it is back to chasing confirmation from the numbers.

Yes, oil matters. It has clearly been one of the biggest near-term crosswinds during this conflict. But oil is not the whole investment case, not the engine room, and certainly not the long-term compass for Rolls-Royce. Cash flow, margins, civil aerospace recovery, defence strength, debt reduction, buybacks and future optionality still steer the ship.

Trading the chop can add shares if done well. No argument there. But one successful swing in a turbulent market does not suddenly turn war headlines into a mechanical system. It is still headline risk, timing risk, execution risk, and a fair pinch of luck to wear a captain’s hat.

So, who is the clown now?

Probably the chap doing a lap of honour after catching one wave, while pretending he predicted the tide, the moon, the storm and the harbour master’s lunch break.

Enjoy the extra shares. I’ll stay focused on the voyage, not just the splash from one lucky oar.

Latest zone: ~1335p

RR has now cleared 1300, captured 1325–1330, and is firing at the next harbour guns around 1342–1350.

The moving-average convoy is stacked bullishly across the daily, 1H and 4H charts, but the ship is now stretched after a strong run.

Captain’s map

Above 1330: Bulls command the deck.

Above 1350: next waters open to 1370–1385.

Above 1385: old 1400+ blue-water zone comes back into play.

Below deck:

Lose 1310: first caution.

Lose 1300: momentum cools.

Lose 1286: pullback risk rises.

Lose 1250: breakout weakens.

Lose 1193: back into the fog.

Captain’s verdict

Bullish, but extended.

Do not chase the cannonball after it has already fired. Either wait for 1350 to break, or reload on a controlled pullback towards 1330 / 1310 / 1286.

Enjoy the voyage IV🙌

The most actively traded Brent crude futures were recently down 2% around $91 a barrel. Brent is headed for its biggest monthly drop since March 2020, having fallen nearly 18% through Thursday. U.S. stock futures are ticking up a little, and Treasury yields are largely unchanged.

Treasury Secretary Scott Bessent said yesterday that Washington and Tehran are within reach of an agreement to wind down the war, though President Trump hasn't signed off yet. The White House wants commitments from Iran to dispose of its highly enriched uranium and never to seek a nuclear weapon, as well as a full reopening of the Strait of Hormuz.

Investors have become accustomed to similar headlines as the conflict in the Middle East has dragged on. Yesterday, an Axios report on progress toward an agreement sent U.S. stock indexes to new record highs. That enthusiasm carried over into Asia's trading session, with indexes in Japan, Taiwan and South Korea climbing 2.5% or more.

U.S. stocks are headed for another month of strong gains. The Nasdaq composite is on track for its largest two-month percentage gain since April 2009, climbing 24% over that period.

Rertirment,

Yes, Oil is around $91

''If oil holds RR will hold that simple. there is ZERO support if oil hit $115''

As if a 21% or $24-dollar increase in oil prices were to happen, it would not matter what any share's name was, since the whole market would tank.

I am increasingly surprised by how naive you are about accepting advice and facts. If you sat down for a second and did the maths/stats on your Pub strategy "Oil Down RR SP Up - Oil Up RR SP down" > you would immediately learn/realise that it has less edge than a toss of a coin.

I have requested you to provide the stats/mats on 4 previous occasions. As a result, I can only conclude that you are stating the same thing over and over again, expecting a different answer/outcome. Which is by itself the definition of insanity.