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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

The Board believes that the value of the project post discovery is currently at today's placement value. Thats pretty clear no?

Bluebay - this BoD giving away this project. They are constantly sourcing money at steep discounts even when they have a high grade discovery - it's pretty clear to me they are doing a couple of investors HUGE favours....

The number of shares is relevant - it sits in the equation with the market cap as the sum

Well not really - they could easily be bought out 100% by someone offering 100% premium to. todays price - and they give it away - this is what they could be preparing for - 4 billion stocks - just ridiculous. They are like UKOG - project becomes worthless to a shareholder when you start getting billions and billions of stocks to fund it... great for short term day trading if you doing that makes sense but for LTHs this is a Total Wipeout. and they appear to have done it with clear intent.

Regarding the second point:

1. The company-led placing has provided the Company with sufficient working capital to advance its planning for the next stage of the work programme in Tanzania.

2. The Placing was conducted with long-term supportive investors, with Peterhouse Capital serving as the placing agent.

3. This placing empowers the Company to delineate the next stage of its work programme following the success of the Tai-3 and Itumbula West-1 exploration wells.

The term "long-term supportive investors" refers to individuals or entities who consistently invest in the company over an extended period. These investors have profited significantly from their investments, often obtaining stocks at severely undervalued prices, such as 0.25pm (ten bagged that one). They frequently capitalize on opportunities to purchase shares at low prices and subsequently sell them at much higher prices, sometimes earning substantial returns. This pattern of behavior, wherein investors obtain stocks at low prices and later sell them at significantly higher prices, may appear advantageous to these investors but can be perceived as detrimental to existing retail shareholders. Some investors may acquire shares at low prices through funding rounds years ago and subsequently realize significant gains when the stock price appreciates.

However, this practice, when executed repeatedly and with the intent to profit at the expense of existing shareholders, may be considered unethical and potentially harmful to the company and its stakeholders. If there is planning and intent to do this and it could be proven would there be any consequence for BoD who are there to look after all shareholder interests?

And if someone understands what I am getting at and feels they can explain it better then please write to Lorna and BoD explain to them this option because they may actually be really dumb and have no idea what they are doing with their responsibility to create shareholder wealth not blow it on purpose.

A bidding war? If it is 1p stock not going to be bidding all the way to 28p so that everyone wins - thats not what our BoD act like from what I see they have sold the company to their own contacts for nothing. If it was me my company and I was in this mess I would be hoping obviously for a commercial discovery so could end up with 5 billion stocks and a lot of unhappy shareholders BUT I could do a deal couldnt I and sell product from first hole for a cheaper rate with upfront cash and buy back and cancel 4biilion stocks and use the change to go do a further 3-5 drills and we be all in a really good place. this BoD wont think like that - they will want to get rid of this company, discovery and all future potential to a buyer for as cheap as possible as they will be in on it with the buyer and network. They would stay on the Board, Lorna would remain CEO, Drilling guy will still be drilling guy and the team gets bigger and better - so no impact on them at all - its us that get BINNED. I hope that I am wrong, hence holding on and see what happens. Because they MAY actually do a deal and buy back and cancel all these JUNK STOCKS and leave us with a billion stocks and no more cap raises as can sell the helium on forward contracts etc get cash and keep making discoveries and so on - could be worth it in the end - Im probably just dreaming though.

The problem is we have 3.5 BILLION STOCKS and soon probably going to have a total of 5 BILLION STOCKS - so thats a major problem here regardless of ANYTHING ELSE. Unless of course, they do a special off-take deal for cheaper Helium, post commercial discovery, to a buyer in return for 30-50m up front cash (not much when a company could buy £800m of Helium for £500m over time plus a downpayment of £50m cash) and HE1 BoD buy back 4 billion stocks (& cancel them) and keep drilling and making more discoveries as BAU. Then we will be able to say this project has been a success for all shareholders.

I reckon they could have got a MUCH better deal -

You can see here they sold the entire company for 0.25p and allows those that buy get it for free within a couple of weeks. How come this can happen surely there are some rights for long term shareholders. Before the raise at 0.25p there was value in the business – all the value building up to that point over the last few years. A lot of knowledge and business development work had been going on, this has value - >> So they bankrupted the company, gave it away for free as those funding parties in at 0.25p easily out now if they want with money back and ownership of HE1 for free.

Is this actually legal for a CEO and BoD to actually facilitate? Surely this is not allowed?

Yes, this is a terrible outcome from a BoD who clearly have taken advantage of us retail investors to say the very least...

However, there is one idea that I hope they consider post a discovery etc - to offer a 'special edition off take agreement' with one buyer where the deal involves some decent cash up front in return for a cheaper rate on helium gas and then uses that cash to buy back say 4 billions stocks & another drill or two - say around £20-30m cash worth and then cancel the stocks then we back to where we should be, keep drilling, more discoveries, more off take agreements and the show goes on and booms for everyone still involved... anyone know if this is actually possible?