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HE1 is currently working towards an EWT in Q3 2024 on Itumbula West-1 to confirm flow rates and the fluid composition. Conditional upon these results, the company will then be able to advance discussions with off-takers and industry partners and will help determine the design of any future production facility. The company has already approached vendors regarding such facilities and will be working closely with them over the coming months.
In addition, HE1 is reviewing its options to drill another well this year, following the commencement of the EWT. These options include the deepening of Tai-3 to test the Basement play or the drilling of an appraisal well at Itumbula. The outcome of this, as well as the planned EWT, is subject to securing the necessary long lead items required for such operations.
I posted this as there has been a bit of unknown around costs for RNS etc - this clears it up a bit for us
Https://www.cityam.com/aim-delistings-jump-62-per-cent-as-londons-small-cap-market-suffers/?utm_source=CityAM&utm_campaign=b3ed98e9f9-EMAIL_CAMPAIGN_2024_04_22_06_17&utm_medium=email&utm_term=0_-b3ed98e9f9-%5BLIST_EMAIL_ID%5D
“An AIM listing is meant to be relatively low cost and light touch in terms of regulation.”
Despite this, an IPO on AIM will currently cost about £500,000, plus fees for RNS announcements, legal costs, and other expenses add around £200,000 a year to that.
What kind of deals do you think she will be looking for at this London event? She (we >. The Shareholders) has a £50m market cap and 3-4 billion issued stocks to get there - what kinda deals can she swing for us the Shareholders?
Market makers are entities that facilitate trading in financial markets by providing liquidity, meaning they stand ready to buy and sell securities at publicly quoted prices. While market makers play a crucial role in ensuring smooth and efficient trading, there have been instances where they have been accused of manipulating share prices. Here's how market makers may manipulate share prices and why they might engage in such activities:
1. **Spoofing and Layering:** Market makers may engage in spoofing and layering, which involves placing large orders to buy or sell a security with the intention of canceling them before execution. This creates a false impression of demand or supply, leading to temporary price movements that can be exploited for profit.
2. **Quote Stuffing:** Market makers may flood the market with a high volume of orders, overwhelming other market participants and causing delays in order execution. This can disrupt the normal functioning of the market and create opportunities for the market maker to profit from price discrepancies.
3. **Manipulative Trading Strategies:** Market makers may employ manipulative trading strategies, such as wash trading or painting the tape, to artificially inflate or deflate share prices. These strategies involve executing trades solely to create the appearance of trading activity or to influence the price of a security.
4. **Profit Motive:** Market makers may manipulate share prices for profit by exploiting price discrepancies, taking advantage of market inefficiencies, or capitalizing on the behavior of other market participants. By artificially influencing share prices, market makers can potentially generate profits from their trading activities.
5. **Market Dominance:** In some cases, market makers may seek to establish dominance or control over a particular market or security by manipulating share prices. This can give them a competitive advantage and enable them to extract rents from other market participants.
It's important to note that market manipulation is illegal and unethical, and regulatory authorities closely monitor financial markets to detect and prevent such activities. Market manipulation can distort market prices, undermine investor confidence, and harm the integrity of the financial system. As such, market participants, including market makers, are subject to strict regulatory oversight and enforcement measures to ensure fair and orderly markets.
Next piece of news should be 3rd party lab confirmation of Helium findings in the well
If a joint venture (JV) were to materialize, it begs the question: what might a potential partner bring to the table, and in turn, what could they expect to gain from the collaboration? Equally important is understanding what benefits Helium One Global (HE1) shareholders might reap from such an arrangement. Any thoughts or insights to share on this?
Im just having a laugh guys! but this one is for BURNLEY to support his 8 hour Coma coming up:
Subject: Let's Collaborate on Helium Development at Itumbula!
Dear Members of the Board of Directors,
As a passionate shareholder invested in our company's journey, I'm excited to share some thoughts with you regarding the development of our gas resources, especially the promising helium reservoirs at the Itumbula site.
First off, I want to express the importance of transparent communication. It's not just about keeping us in the loop; it's about aligning our visions and goals with the company's trajectory. That's why I believe having a clear project plan or roadmap is crucial. Imagine having a roadmap that lays out key objectives, estimated timelines for exploration and development phases, and benchmarks for evaluating progress. It would be like having a blueprint for success!
Furthermore, I think it's essential for shareholders to have visibility into anticipated catalysts that could impact our company's valuation and stock performance. Whether it's regulatory approvals, resource assessments, production milestones, or market updates, knowing what's on the horizon empowers us to make informed decisions and strengthens our trust in the company.
With that said, I wholeheartedly support proactive communication of our project plans, timelines, and expected catalysts. By fostering transparency, we can actively participate in and monitor the company's progress, ultimately enhancing shareholder value and bolstering our collective stake in its success.
I understand that my trusty dial telephone is currently out of commission, but I'm counting on the team to help relay this message to our CEO, Lorna. Your support in facilitating this dialogue is greatly appreciated!
Thank you for considering these suggestions, and I look forward to our continued collaboration in shaping the future of our company.
Best regards,
Shareholder #69_69069
Yeah alright Burnley - I will have something for you at 22:30
Hopefully this will assist you with your Coma aspirations.
What - something like this?
Subject: Let's Chat about Helium at Itumbula!
Hey Team,
Hope this message finds you all well! 😊
I'm reaching out as a shareholder who's really excited about the potential of our gas resources, especially the helium goodies waiting for us at the Itumbula site. 🎈 But here's the thing - I believe that open communication is key to our success. We're all in this together, right?
So, I was thinking, wouldn't it be awesome if we had a clear roadmap? You know, something that spells out our goals, timelines, and what we're aiming to achieve? It'd be like having a treasure map to guide us through this adventure! Plus, keeping us in the loop about major milestones and events would be super helpful. After all, knowledge is power, isn't it?
I'm all about transparency and making sure we're on the same page. When we're informed, we can make smarter decisions and really drive the success of our company. 🚀 So, I'm putting it out there - let's keep the communication flowing! It's a win-win for everyone.
Now, I know my trusty old dial phone is out of commission at the moment (bummer, right?), but I'm counting on you awesome folks to help me out. Could someone give our CEO, Lorna, a friendly nudge and let her know about our thoughts and expectations? We'd be forever grateful! 📞
Thanks a bunch for taking the time to read this. Looking forward to hearing back from you and working together to make our company even more awesome!
Cheers from all the Shareholders on LSE
Subject: Request for Transparent Communication Regarding Helium Resource Development at Itumbula Site
Dear Members of the Board of Directors,
As a shareholder deeply invested in the success and direction of our company, I write to you with a paramount concern regarding the development of our gas resources, particularly the significant opportunity presented by the helium reservoirs at the Itumbula site. It is imperative that our strategic direction and operational milestones are transparently communicated to shareholders, allowing us to fully understand and align with the company's objectives.
In light of this, I emphasize the critical importance of having a clear project plan or roadmap delineating key objectives, timelines, and deliverables. Such a roadmap serves as the compass guiding us through the complexities of resource development, enabling us to track progress and evaluate the attainment of crucial milestones.
Moreover, I underscore the necessity for visibility into anticipated catalysts that may materially impact the company's valuation and stock performance. These catalysts encompass a spectrum of events, from regulatory approvals and resource assessments to production milestones and market updates. Providing shareholders with insight into these pivotal moments not only empowers us to make informed investment decisions but also cultivates an environment of transparency and accountability within the company.
Therefore, I ardently advocate for proactive communication of our project plans, timelines, and expected catalysts to shareholders. This transparency allows us to actively engage in and monitor the company's progress, ultimately enhancing shareholder value and fortifying our collective stake in the company's success.
In the spirit of expediency and shareholder solidarity, I urge prompt action in conveying these expectations to our CEO, Lorna. While I regret to inform that my dial telephone is currently undergoing repair, I implore a willing member of the Board or the appropriate authority to relay this message on behalf of the shareholders.
Thank you for your attention to this matter, and I eagerly anticipate our continued collaboration in shaping the future of our company.
Sincerely,
[Your Name]
[Your Contact Information]
Alas, my trusty dial telephone hath met an untimely demise, in dire need of repair afore it can sing its song once more. In the interest of swift communication, might a noble soul step forth and bear our message to Lorna, championing the cause of us, The Shareholders? Let not the broken dial deter us from our mission; together, we shall ensure our voices resound loud and clear! 📞 #ShareholderSolidarity
As a shareholder, I believe it's imperative for us to have a comprehensive understanding of the company's strategic direction and operational milestones, especially regarding the development of its gas resources. A clear project plan or roadmap outlining key objectives, timelines, and deliverables is essential for transparent communication and effective governance.
By having a well-defined roadmap, we can align our expectations with the company's objectives, track progress, and assess the achievement of critical milestones. This roadmap should encompass various aspects such as exploration, appraisal, development, production, and commercialisation of gas reserves.
Furthermore, it's crucial for the company to provide visibility into expected catalysts, including significant events or developments that could materially impact the company's valuation and stock performance. These catalysts may include regulatory approvals, resource assessments, drilling results, production milestones, commercial agreements, or market updates.
Having access to such information not only enables us to make informed investment decisions but also fosters transparency and accountability within the company. Therefore, I strongly advocate for the company to proactively communicate its project plans, timelines, and expected catalysts to shareholders, allowing us to actively participate in and monitor the company's progress and ultimately enhance shareholder value.
Can someone please pick up the phone, call Lorna and relay this message of expectations from us, the Shareholders.
I thought they did some scans and make some rough estimates or a 3rd party did this -
if not, then this is indeed a total unknown - so upside is there - could be nothing or could be incredible - fingers crossed for the later - the flow rates at 4-5% seem very encouraging...... I would have thought they would have recd back official confirmation of that by now. I know Lorna said in one of her interviews they didnt care about that but I think it is something important to have established by a lab offsite to reconfirm the news. I wonder if this will come in soon or if indeed they didnt bother to send the samples out
Is there any rough estimates of what financial value of helium down the ITUMBULA well could come to? or is it a total unknown?
Thats the next step I think - so its a wait and see game now till then.
No I dont think there will be news for a while - gives people opportunity to transfer shares from normal trading accounts in to ISA at bargain prices before the coming round of news and developments -
It wouldnt be unreasonable to think that Lorna will want to become a multi millionaire on the back of this project so I suspect she will be issued more options soon at much lower price around 3p. Does anyone know when the next time is for when BoD issue more options to CEO?
But at 30p its GOOD MONEY - so there is clearly massive incentive for them to get this stock price up....
If the market price of the stock is 30p, then the profit per option would be:
Profit per Option = Market Price - Exercise Price = 30p - 6p = 24p
So, the total potential profit would be:
Total Profit = Profit per Option * Number of Options
Total Profit = 24p * 2,000,000 = 48,000,000 pence
Converting to pounds:
Total Profit = £480,000
Therefore, if the CEO exercises all 2 million options and sells them at the market price of 30p, they could potentially make £480,000 in cash.
To determine the potential cash value of the options, you would multiply the number of options by the difference between the market price and the exercise price.
Let's break it down:
1. **Number of Options:** 2,000,000 options
2. **Exercise Price:** 6p (pence)
Assuming the current market price is higher than the exercise price, the difference would be the profit per option. Let's say the market price is 10p.
So, the profit per option would be:
Market Price - Exercise Price = 10p - 6p = 4p
Now, to calculate the total potential profit:
Total Profit = Profit per Option * Number of Options
Total Profit = 4p * 2,000,000 = 8,000,000 pence
To convert this to a more familiar currency like pounds (£), you would divide by 100 since there are 100 pence in a pound:
Total Profit = £80,000
So, if the CEO exercises all 2 million options and sells them at the current market price of 10p, they could potentially make £80,000 in cash.
Not of lot of money really even with HE1 trading at 10p for these options.