Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm growing tired of the scripted interviews. While they are undoubtedly crucial for this project, I believe it's time for Lorna to elevate her presence, carve out a distinct personality for herself in the market, and garner exposure. It's time to see her featured in magazines, newspapers, the Financial Times, and the Wall Street Journal. As a female CEO, she has a unique opportunity to leverage her position in today's landscape. With the transition to a major production-based business model on the horizon, one that will be self-funded and yield significant returns, getting ahead of the curve with these stories is paramount. She needs to proactively engage and establish her presence. If I were in her position, I would certainly take these steps.
Message from the CEO: Energising Long-Term Shareholders and Project Momentum
We recognise the disappointment LTHs may feel. While our journey hasn't been without its challenges, I firmly believe in HE1's immense potential. As we progress the project, secure offtake agreements, and leverage short-term debt, we'll bolster equity and seek out additional funding avenues. Our objective remains unchanged: to establish this province as a premier Tier-1 Helium Production region. I stand committed to our shareholders, confident that together, we'll realise success and generate wealth for all our long term stakeholders. Our discussions with the government have shown their eagerness for our advancement, affirming our commitment to a production-based, self-funding business model. With ample land yet to explore, I'm grateful for the opportunity to share this message with you!
That dont have a "comprehensive plan" - hmm > maybe a hint for Lorna to get on with it and come up with a comprehensive plan - maybe in the conversations when govt minister visits and talks to Lorna they think this is going nowhere, going to take 100 years to mine this place for Helium the pace HE1 are going - I also take that comment as a possible get on with it urgently" to He1 and Noble...massive areas of land we lending you and you put a tiny little pin in it all. 'We need bigger and faster guys' - maybe thats a message?
Yes Skittish your point about getting rid of the 'lazy holders' so to speak - is clear - very good point - thanks for that
Its almost as if they didnt need to be said; I would have assumed that the deal anyway - most businesses should have a thorough plan and roadmap before they get to stage to invest and one would assume the associated benefits for Tanzania would come with that too - remember there is a 16% free carry as well as a 30% tax rate - so its there assumed - I feel they are having to make a point to be saying those things and I am wondering Why they actually felt the need to make those statements
So CrustyPete what you saying is that you reckon that a warning shot to bigger players as they hover around Noble and HE1 looking to take them both out - "thats possible, but you must show prove of benefit for Tanzania and a Clear Associated Roadmap"
Regarding statements below could it be interpreted as they wouldnt go down the HE1 and Noble route again given the struggles and slow pace for small time outfits? I would be keen to read other people's interpretation and context of these statements.
“With immediate effect, we will no longer issue mining licences and special mining licences for medium and large-scale operations involving all minerals, including strategic and essential minerals, to any investor who does not have a comprehensive plan to add value to minerals in our country,”
“The aim is to ensure that our country benefits from the abundant mineral resources we are blessed with.”
Perhaps they will encounter the grim reality of a mere 1-cent funding offer on the table and nothing more. It doesn't sound promising. Could it be that their business case and current assertions about their discoveries lack persuasiveness?
If she can accomplish this, she will ascend from being a Geologist to becoming a Senior Helium Global Leader, positioning herself at the apex of this sector and maintaining that status for a lifetime, recognized as a significant figure with substantial achievements. The question remains: Will she recognize this potential and embrace this vision, or will she shy away and settle for the title of "I discovered Helium" alone?
With regards to the HE1 project, my hope is for one final round of funding to gain a comprehensive understanding of what lies beneath the surface at Itumbula. Subsequently, seeking debt financing to establish production and initiate sales would eliminate the need for further equity raising. This shift would enable the business to become self-sustaining and experience growth over the next decade. By halting equity-based funding, we can pave the way for the stock to potentially reach new highs in the future.
What I mean by my last comment is she could go sell the entire project at 3p a stock and come to market saying she is Pleased to Announce and say it all at a HUGE premium to current stock price and thank you for all your support.
Im not sure Moorscloud - I reckon someone on BoD takes advantage of the situation plugged deeply in to the cheap funding elements and the CEO is very inexperience and being taken for a ride; backed in to a corner with no great options to choose from presented to her and thats it. The "doing deals" comment doesnt sound encouraging to me, it simply tells me to brace myself for a horror.
And no Im not selling, too deep down, worth nothing, will hold in HOPE that one day, this somehow makes a very slow horrible ride back up to a reasonable (I hope) breakeven exit. Long way to go this - very long way... unless Lorna gives the project away for a 100% premium to last stock price then she brings the curtain down for the benefit of a very few and that will be it.
If you were one of the two funders for 0.25p circa 3 billion stocks – basically you own most of the stocks. And you knew the same project going to need more money from you in the future, then you could keep the stock price down by selling slowly in to the 1-2p range offloading everything (at huge multi bag gains) to retail investors calmly and quietly and wait for the phone to ring again and you say; I want 80% discount to 1p and project lead goes ok thanks please pay £5m and you get what you want. And that circa 0.25p becomes 1-2p again and around it goes again. It would be amazing to be a HE1 Primary Funder in life especially with Lorna in the CEO seat.
She maybe going to get taken for a major ride again when she sits down to "do deals" - obviously hasnt a clue how to protect retail investors. Especially with someone on the BoD who knows this and facilitates the taking of advantage of the boss weaknesses..
This is in my opinion only - you welcome to share your own take on this [just like the X (tweets) in response to their recent post are pretty clear]
and of course, I am hoping for the very best with this project and in particular the associated share price as well.
But I see this becoming a 6-10 billion stock count project.
Let’s hope she doesn’t give it all away again....
Just hope she comes back with a sack full of excellent options for existing shareholders and doesnt bin us again like she has been before.
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