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Remember they mentioned in previous comms that they have 2 long term strategic funders - they are the people that come in and 5-10 bag their money with HE1 each time I reckon - perhaps now Lorna feels that 3-4 billions stocks is making the project unattractive to stock exchange based investors so now trying to get short med term cash from govt sources there - they still have June to work out the funding side of things - note the CFO is always in the pics so money definitely be discussed

Maybe they dont know yet - trying to fight off people low balling them with offers of cash for 0.25p stocks

I am now considering that, with all these high-level government meetings and invitations, the company might be shifting its strategy. Instead of issuing more stocks, they could be looking to secure medium-term funding sourced directly from the government.

Their options are around 6-7p, so it's reasonable to assume that they won't be forced to sell for an offer under 7-8p, as they'll want to profit themselves. For those today, this is great news. However, for long-term holders (LTHs) who are mostly over 10p, some even in the 20-wing, this presents a dilemma: sell and lose nearly 100% or simply hold on and hope.

In my opinion, the outcome depends entirely on Lorna. Is she willing to sell at a premium to today's price, securing some gains for herself and a solid career with the buyer? Or does she aim to turn this into a self-funding project based on ITUMBULA, continually drilling and finding pockets of helium, with mini production units added on to transform it into a major business?

While I'd prefer the latter scenario, I sense she'll take the cheap way out and bolt. Why? Because she sold everyone out at 0.25p in one swipe, which reveals her mindset.

Pubcrawl, to understand your perspective better, could you share what your stock price is at cost? If it's around post-0.25p, I totally get where you're coming from—congratulations on that fortunate position.

However, please remember that some people have stock price costs at 15p or higher. This stock has severely impacted many lives. What you're saying might be great for those in the 1-3-5p range, but the problem extends far beyond that. The significant raise of 3-4 billion stocks at 0.25p has financially hurt everyone who invested earlier.

I was astonished by how 'proudly' they announced their success in achieving a 4% Helium flow rate. However, this achievement came at a significant cost—everyone involved lost everything to get there. While the geologists might find this milestone noteworthy, it essentially amounted to writing a blank check to find Helium, which was fully utilized.

Looking ahead, we're possibly facing funding that could increase the stock count to 6 billion. Unfortunately, no long-term holders (LTH) have seen any returns thus far. The only people who might profit now are those entering at these current levels. For everyone else who invested earlier, their investments are essentially gone.

What do you reckon Pubcrawl? Would be 5-6 billion stocks in play probably post commercial discovery at Itumbula...

Im not sure - I really hope so..

Pubcrawl do you reckon this stock will ever return to the 15p + range?

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.