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Meanwhile the hot stacked rig sits there doing nothing.
Dont be shocked - this is HE1 BoD slopped us with over 3 billion stocks at 0.25p and then tells the long term funders that they need more cash again so start flogging off your load as we need to do it again and we will give you 50%+ discount
retail investors never going to break through that robbery.
For example, lets say Lorna has millions of 7p options - that may give her incentive to not give the company away for under 7-8p - so once it gets up around 8p we are at risk from a Lorna endorsed bargain takeover right?
Maybe Noble restructure will make Lorna re think things and put herself back in charge of Geology and then perhaps Noble will stump up someone for HE1 CEO who is really keen on making some money and promoting the project in a more commercial light.
Do you reckon HE1 will do a Noble style restructure?
Yes the hotly stacked rig of ours should be full time resourced and leased out for the months HE1 is not using it - could charge what they want would be great profits for the project that could be used as cashflow instead of further dilution - but it doesnt look like Lorna (or the BoD) has this business mindset - unfortunately.
Put their own big hitter project head in place of Lorna, offer Lorna Chief Exploratory Officer for Tanzania Helium and that be a wrap.
Ok yeah so if project has a market average value of 50m - 100m even 150m whatever it doesnt really matter cos if they investigate and drum up more probable results giving around 1 billion value (but need more money to do the rest of the work like production, more drilling/ wells, etc etc - dont want to end up with 10-20 billion stocks kinda thing) and they have 5 billion stocks for example, then some big company they probably all be connected, comes in offers 400m to buy the project and deal with the rest themselves - that wouldnt be unheard of right? What do you reckon?
I reckon they will go up a couple more billion stocks over the months ahead - maybe until it is bought out at a premium to last 6 month average market value and that be it. the good news it will be likely higher than todays price so the reality is best to just hold until kicked out by whatever they sell it for.
I agree - why would they be so idiotic to constantly keep the long term funders well informed of whats coming and why and when along with huge discount - only one reason really. They are extremely keen on dilution that is for sure. The evidence suggests that this is very clear. They do nothing to try reduce shareholder dilution, in fact they seem to be screaming out asking for more and more dilution. Not very smart is it.
Doesnt seem to be a priority for this bunch simply by observing their lack of PR and lack of skin in the game themselves. I fear they are going to give the entire project away rock bottom price (but sold at a 'premium' to average stock price last 6 months) and that be it, they keep their jobs and put on their CV: I built up a project and sold it for £400m and for that she gets a point credited, but shareholders - OUCH..
Is there anyone who is high up enough to email the company and express this?
I'm hopeful everything will fall into place eventually, but it's frustrating to see how much smoother things could be with a stronger focus on commercial strategy rather than solely geological expertise. The project has grown substantially, and it's time for a shift in leadership. She should transition to overseeing geology, focusing on discovering more helium reserves, while someone with a broader business acumen takes the helm to elevate this venture to its full potential.
Lets not forget it was us long term shareholders that funded the baseline foundation of the project to get to this discovery position but we are effectively bankrupted - thats not a good CEO - there WAS VALUE in the project that we paid for before she elected to bankrupt us with .25p stocks with a 3-4 billion stock creation which put all the candles out in one swoop - and how we hit the jackpot she and BoD are wet blankets - and this specific point is never mentioned in interviews for her to answer to - but the reality is she and BoD are probably doing this deliberately so they can lifestyle fund the project to give away the project again and again to short term funders who come in, stump up cash at 80% discounts and sell out 10 bagging their cash and doing it again and again - its a shocking reality we can see very clearly
Is there ANY way we can get some better management put in place for this?
Lorna is obviously a great geologist - hats off to her - BUT she is a rubbish CEO and has absolutely no regard for creating shareholder wealth or PR or even just saying how great everything is via regard tweets for example - which is a responsibility of CEO - can we possibly get her promoted to Head Geologist and get a more exciting credible and shareholder-aligned person in to get this stock price aligned to the project? I feel she is deliberate in keeping the price down (knowing she has a great source of funds at cut price stock price like .25 of a penny for example. - surely this can be done better and more in line with reality? She is terrible CEO - and the BoD are wet blankets - no regard for long term shareholders - only supporting the quick win bunch and this is not acceptable.
Alan55 - come on... 0.25p gave the company away. do you not see that? did you not hear the party?
Well a couple of things - they have now shown they prepared to constantly seek funding at HUGE discounts even now with a discovery they are giving away at discount - so that doesnt show confidence which is wrong - they should be now turning the table now the cards are in our favour post discovery - they havent done that.
Second point re your question - if a few people sitting there with 3.5 BILLION STOCKS they are able to VOTE and that would be a majority vote should they convince the Board to sell the company .... and people like us - finished. No say in the matter at all.
The CHAMPAGNE POPPED AT 0.25p!! I could hear the party from here!
Additionally do you think the company would sell the company for 1.5p per share.
Haha - they gave it away for 0.25p!!
These are long term investors - they are funding already with free money so there is no risk for a long time with these two long term investors regardless of price paid for stock. I dont agree at all with this BoD - they have given this project away for a peppercorn. Their priorities are clearly not aligned to creating shareholder wealth when they over-rule our voting to restrict share issues (thereby avoiding them making them work harder to get better terms of funding) - they taken the easy route for cashflow and given it all away to a couple of long term funders who been here all along... with a discovery of 4-5% of helium - they could have done a LOT better for us than todays giveaway