Member Info for TheBasher

You would need to be a complete idiot to balls this up.

US imports around 50% of the copper it consumes:

https://www.reuters.com/markets/commodities/where-does-us-get-its-copper-2025-02-26/

Trump to facilitate domestic mining:

https://www.mining.com/web/trump-to-expand-critical-mineral-production-using-wartime-powers/

Plus gold at record highs and forecast to go higher.

GWMO should fly. We will see.

@FB - hold a few quid back just in case South Africa implodes. At least then you can buy yourself and your loved ones a drinnk or two to numb the pain.

I do think next week we will see some share price movement, and potentially the long awaited RNS towards the end of ther week, but we will see. All guess work based on previous timing of RNS's.

Very small buys. When we get the multiple £25k plus trades then I think it becomes more meaningful.

However, nice to see the uptick, and we could be close to some news, so perhaps something is afoot. Fingers crossed, heh?

You never know with AIM.

Https://www.youtube.com/watch?v=2JDm8jBDYxo

Tick tock...

I don’t think I’ll be scared into selling any right now ;-)

Unfortunately not for Galactica but Blue Star Helium certainly seems to a successful partner.

https://www.bluestarhelium.com/wp-content/uploads/2025/03/61256322.pdf

MA STATE 16 INITIAL TEST RESULTS LINCOLN COUNTY

Highlights

▪ Flow Testing has been completed at Ma State 16.

▪ Strong well performance demonstrated with constrained flow rate of 2,500 Mcfd maintained

with very little pressure drawdown.

▪ Modelled Absolute Open Hole Flow (AOF) of 33,000 Mcfd is in line with the original choked well test of 10,000 Mcfd previously reported and supports the interpretation of strong well performance.

▪ Gas analysis confirms previously tested helium content around 1.32-1.36% helium which is high for this area and in line with expectations.

Well said @Silverfoxchef.

These boards are representative of society as a whole, where approx 5% of the population have personality disorders (this is not referring to mental health issues). Some posters appear to display narcissistic characteristics. You’ll never have a rational debate with someone who has those traits, so it’s best not to get drawn into one.

You may be a newbie to this platform, and I have no idea about whether you have an ulterior motive or not, but your questions and observations are as valid as someone who has been on the platform for many years. I think you have expressed your concerns in a courteous and respectful manner.

I’ve experienced similar on this board. What makes me laugh is that I chose not to continue engaging not because I feel bullied but because I will not expend my precious time and energy on these people, all the while laughing at blinkered

Based on the last 2 years, Next ChemX have filed their annual report in a very timely manner on or very near 1st April. Less than a couple of weeks away and we may see an update on the tech in India.

@rogerjolly - thanks for the additional info

@rebel100 - which video, and at what time? DH talks a good game, but surely even he couldn’t persuade a government to put him in charge of a national project, the likes of which DH has no previous success in? Happy to be proved wrong if you can point us to the video clip.

@fb - I don’t agree with throwing the kitchen sink at any singular investment, however tempting, as nothing is ever a dead cert but I think on this occasion you will be rewarded. It’s the largest position in my high-risk portfolio. I hope you’ve got a good stash of anti-anxiety pills, especially when an RNS lands which could be any day, any time. Good luck to us all.

What are the production expectations for the Galactica Project?

https://business-news-today.com/helium-ones-latest-galactica-project-update-hints-at-big-helium-gains/

Based on the below, with a 50% stake in the project, HE1 will earn maximum revenue of £7.5m over 5 years if Helium and CO2 prices remain at this level. Would be more impressive if the Helium price went back to the levels of last year (circa 3x).

An independent third-party assessment has projected that the Jackson-31 well and other development wells in the Galactica-Pegasus area could contribute an estimated US$2 million per annum in helium sales over a five-year period. However, this figure represents revenue from helium alone. Helium One anticipates that sales of associated CO2 from the site could increase revenue by up to 50%, providing additional commercial opportunities for the project.

What is the future outlook for Helium One’s helium exploration efforts?

Beyond the Galactica Project progress, Helium One continues to strengthen its position in the helium exploration industry through its diverse portfolio of assets. In Tanzania, the company holds 100% equity in the Rukwa and Eyasi projects, which have shown high helium concentrations of up to 10.4% by volume. The flagship Rukwa Project is now entering an appraisal phase following a successful 2023/24 exploration campaign.

The strategic expansion into the United States, through the 50% stake in the Galactica-Pegasus helium development, complements Helium One’s African operations and broadens its market exposure. The company remains committed to capitalising on the growing demand for helium, a critical resource used in medical imaging, space exploration, and semiconductor manufacturing.

As drilling preparations for the Jackson-31 well continue, industry analysts will closely monitor the results from Helium One’s exploration activities. If successful, this drilling campaign could provide a significant boost to global helium supplies at a time when demand remains strong. The company’s methodical approach to project execution, combined with its access to existing infrastructure, positions it as a key contender in the future helium market.

Blue Star Helium advances Jackson 31 well as Galactica Project shows strong production potential

https://business-news-today.com/blue-star-helium-advances-jackson-31-well-as-galactica-project-shows-strong-production-potential/

What Are the Next Steps for Blue Star Helium?

With Jackson 31 confirming strong helium flow rates and favourable reservoir properties, Blue Star Helium is moving forward with development planning. The company holds a 50% working interest in the well, operating under a private mineral lease spanning 4,895 acres. Future operational strategies will focus on optimising production through methods such as vacuum compression, which has been shown to enhance recovery efficiency in comparable helium reservoirs.

In the broader context of the helium supply chain, Blue Star Helium’s findings arrive at a critical time for the industry. Helium shortages have created price volatility and supply risks, particularly as major producers in North America, the Middle East, and Russia face constraints in scaling production. As industries reliant on helium—such as medical technology, aerospace, and scientific research—seek stable supply sources, projects like Galactica stand to benefit from favourable market dynamics.

What Does This Mean for the Helium Market?

Helium’s role as a non-renewable industrial gas has made supply security a pressing concern for manufacturers and research institutions worldwide. Unlike hydrocarbons, helium is a finite resource formed over millions of years, and its extraction depends on discovering high-concentration reservoirs with commercially viable recovery rates.

The Galactica Project’s helium potential adds to the growing interest in dedicated helium exploration, rather than reliance on by-product extraction from natural gas fields. With strategic investment in helium-specific developments, Blue Star Helium is aligning itself with a long-term industry shift toward independent helium sourcing.

Could Blue Star Helium Become a Key Player in North American Helium Production?

As helium demand continues to rise, the success of Jackson 31 and future wells in the Galactica Project could position Blue Star Helium as a significant producer in North America. The company’s strategy of developing independent helium resources aligns with market trends favouring secure, domestic supply chains for critical industrial materials.

By demonstrating consistent helium concentrations, increasing flow rates, and strong reservoir permeability, Blue Star Helium is making tangible progress toward commercial production. With further drilling and flow optimisation, the company could establish a scalable helium extraction operation, contributing to a more stable supply environment for high-tech and medical industries.

As Blue Star Helium moves into the next phase of its development strategy, industry observers will be watching closely ….

Jeez, what happened there?

Go to the Total Market Solutions website and search Kazera. This is an interview that I missed in January.

Maybe this link will copy ok: https://youtu.be/0QgSNPM2YJc

**********************************/2025/01/kazera-global/

@pauly80

It’s clear from that article that it is the detail of the contracts that is causing problems, namely the lack of benefit to local communities and the 2.4x extra cost to produce of the Russian deal vs the Chinese one. I would anticipate that any Euro consortium would likely act in a transparent way and address local community and national requirements as a matter of course, rather than exploit the opportunity without care for the other parties impacted. There is also concern about the limited time available to build the full scale plants, but the Next ChemX technology appears initially to be a containerised solution allowing for quick deployment, and could be scaled up. I’m no expert on this, just my thoughts from reading the report and the SEC updates.

And so they continue.

@rebel100 - exactly. It’s a generic statement sitting on their website for ages. The more interesting updates are via the SEC Edgar website. Latest one here from Nov 24:

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001657045/000149315224046731/form10-q.htm

And worth keeping an eye out for further updates as I think we are due a quarterly update imminently:

https://www.sec.gov/edgar/browse/?CIK=1657045&owner=exclude

@pubcrawl - yes! 22:48 was when I posted the link with the full release! But good to see positive news posted multiple times :-)

Blue Star Managing Director & CEO, Trent Spry, said

"We are excited by the initial flow tests and the early sample results. The higher natural flow rate at Jackson 31 reinforces our confidence in the reservoir's production potential. The natural flow and projected initial rates are consistent with the adjacent Red Rocks commercial development. The expected helium concentration of around 2.5% at this location further proves the extensive distribution of resources across the greater Galactica structure"

Summary Analysis

The Jackson 31 well reached TD at 1,210 feet within the upper Lyons Formation, encountering the Lyons Sandstone at 1,153 feet. As expected, no water was encountered during drilling of the Lyons Sandstone with wireline logs confirming the penetrated Lyons sands to be high-quality and gas saturated.

Flow testing since TD has revealed increasing natural flow rates, reaching approximately 250 Mcfd. Strong pressure build-up post-testing indicates high permeability and good reservoir communication. Based on previous engineering analysis, and the observed flow rates, the projected stabilised flow rates constrained for production optimisation are expected to be between 300-400 Mcfd, with a maximum of 500 Mcfd.

Initial laboratory analysis of gas samples from Jackson 31 showed a helium concentration of up to 2.2% (air corrected) (up to 1.90% not air corrected). Based on recent equilibrated samples from the State 16 well, which showed a helium concentration of 2.17% (not air corrected), the reservoir helium concentration at Jackson 31 could equilibrate to around 2.3% to 2.5%.