Member Info for thetriplestar

Does anyone have insight to share on what and why with regards to what Lorna said below? Why could she not influence and who is pushing around this company without any regard to LTHs? Who is actually screwing the shareholders off without Lorna being able to do anything about it??

"but we were not in a position to dictate the issue price for the placing. It was always our intention to offer to retail from the outset, but unfortunately, we were precluded from doing this in the process.

We are not comfortable with it, and it was certainly not our original intention. We didn’t want to raise at this level either, but that is what we had to do to get the funding"

Commercial law firm Hill Dickinson has advised AIM-listed helium exploration company Helium One Global Limited on its recent placing and subscription, which was undertaken via a cash box structure.

The fundraising was announced on 11 June and consisted of a placing by way of an accelerated bookbuild and a direct subscription, which in aggregate raised gross proceeds of £8 million. The net proceeds of the fundraising will be utilised to undertake an Extended Well Test on the company’s Itumbula West-1 well in Tanzania to evaluate commercial flow rates of helium prior to the development phase.

Helium One was founded to explore, develop, and ultimately become a producer of low-carbon helium, a critical material essential in many modern technologies. Helium One has identified Itumbula West-1 as a globally unique, large-scale, high-grade, primary helium project in Tanzania with the potential to become a strategic asset in resolving a supply-constrained market.

Advising Helium One throughout the process was a team from Hill Dickinson led by corporate partner Francois de Lange and corporate associate Emily Rawlins, supported by Rianne Byott, an apprentice solicitor.

For those interested to see where he ended up post HE1 -

https://www.youtube.com/watch?v=YMdAF2Tfdc0&t=4s

Remember in his last AGM that he said DILUTION IS TOXIC - I wonder if he is holding still his early days investment or whether he is one of the 0.25p and 0.5p funders...

I can see they have taken a bit of criticism on LinkedIn and have tagged in a Tanzanian govt minister who seems to indicate that they are monitoring this situation - what do you reckon this could mean?

Every time there is a significant increase in stock price following equity raises, it suggests that the shares might be sold at very low prices. This pattern could indicate potential questionable practices by HE1, benefiting the funders with easy profits.

In Northstar's latest case study, the team rapidly mobilized an open hole DST package to a remote location in Tanzania for Helium One. Northstar performed three DSTs to evaluate potential reservoirs and collect samples to prove which interval contained the highest concentration of helium. Read the full case study!

https://www.linkedin.com/posts/northstar-drillstem-testers_3-dsts-in-tanzania-activity-7204823691308744705-AGRu?utm_source=share&utm_medium=member_desktop

How much does EWT actually cost?

I reckon the reason why they dont engage in PR for shareholder benefit is so that they can get that share price down as much as possible for the benefit of the funding parties so they can grab another 5 bagger for themselves - what do you reckon?

Don’t freak out it’s just the reality mate!

Everyone can make their own assumptions or bets on what’s going to happen. My bet is £10m cash raise at 0.5p stocks.

DPH - that was funded by the same 0.25p funders who ten bagged their £5m and agreed to use some of their free £20-25m gains to lend a bit more at higher rate for which they banked a tidy 30-50% gain on too.

The reality is we can nearly assume that Lorna will sell us out for 70% discount shares given to funders for the next £10m needed to get Q3 works underway. I would be pleasantly surprised to learn that I am wrong with this. Remember last year 0.25p raise for money at 80% discount to prior day share price I think it was. No reason to believe this wont happen again as we know Lorna is useless at building up a profile, building up news and excitement and BoD not putting their own cash in etc - just look at facts as they have happened in the past - hoping they dont repeat but they probably will you know...

If the directors of an exploration company believe they have discovered a significant helium deposit that could increase the stock value but are not buying shares themselves, several reasons could explain this behavior:

1. **Regulatory Restrictions**:

- **Insider Trading Laws**: Directors might be restricted from buying shares due to insider trading laws, especially if they possess non-public, material information about the discovery. They must wait for a proper disclosure to the public before making any transactions.

- **Blackout Periods**: Companies often have blackout periods during which directors and other insiders are prohibited from trading their company's stock. These periods typically occur around the release of financial results or other significant news.

2. **Pending Confirmation**:

- **Preliminary Data**: The discovery might be in the early stages, and the directors could be waiting for more definitive results or third-party verification before they invest their own money.

- **Uncertainty**: There might be uncertainties related to the commercial viability of the helium deposit, such as extraction challenges or market conditions.

3. **Conflict of Interest**:

- **Ethical Considerations**: Directors might avoid buying shares to prevent any appearance of a conflict of interest or to ensure they are acting in the best interests of all shareholders.

4. **Personal Financial Situations**:

- **Diversification**: Directors might already have a significant portion of their personal wealth tied up in the company and prefer to diversify their investments.

- **Liquidity Needs**: They might have other financial commitments or need liquidity for personal reasons, making it impractical for them to buy more shares.

5. **Corporate Governance Policies**:

- **Stock Option Plans**: The company might have policies in place that provide directors with stock options or other forms of equity compensation, reducing the need for them to purchase additional shares on the open market.

- **Restrictions on Trading**: Some companies have strict governance policies that limit when and how directors can trade in the company’s stock.

6. **Market Perception**:

- **Avoiding Market Speculation**: Directors might avoid buying shares to prevent market speculation or the perception that they are trading based on inside information, which could lead to legal and reputational issues.

7. **Strategic Reasons**:

- **Focus on Operational Goals**: Directors might be more focused on operational goals and long-term company growth rather than short-term stock price movements.

- **Capital Allocation**: The company might be in a phase where it requires directors to reinvest their dividends or compensation into the company in ways other than buying stock, such as funding new exploration projects or technology.

Each of these factors could play a role in why directors choose not to purchase additional shares, even if

In the interest of fostering a conversation around different ideas and leveraging the experience of others, I would appreciate any insights you can share on this topic. Let's say HE1 needs £60 million in cash: £50 million for a production plant and £10 million for drilling costs and working capital. What options do they have to secure this funding?

- **Joint Venture:** What kind of terms would a potential partner typically offer in this scenario?

- **Debt Financing:** Which parties would be likely to lend this amount, and under what conditions?

- **Stock Issuance:** Issuing new stock could mean billions of shares. What would be the implications of this option?

What other options might Lorna have when drawing up the plan and evaluating the costs? Your thoughts and experiences would be greatly valued.

I wonder what is going to happen to Noble with their need to secure cash funding - the market rate is significant below what they are offering funding shares at.... they extended the time period associated with the fund raise by a month and that is coming up soon I think - anyone have any insights in to the realities Noble are facing with this?

They will be working hard to put together a firm action plan that includes securing funding. My question is whether they will get the funding by issuing a few billion more stocks at a 70% discount, like they did recently, or if they will manage to secure a short-term loan instead. The latter option would set them on a path toward a self-funding business model without needing to issue more stock in the future.

They are like the Baldwin Brothers. The same Baldwin look... but dont see eachother much.

Works for me

https://www.helium-one.com

Nah HE1 already have their CFO who is in the pic on todays tweet - this Noble chap will be retiring - maybe will look for Board seats to plush up his retirement funds somewhat

'on behalf of the entire board' I am thinking there was only 2-3 people on the board right?

they also looking for money and current share price is well below what they are offering a funding deal at 9 cents roughly and currently it is 7 cents