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No one available to discuss this subject? I be keen to hear from anyone who has seen this happen before... Assume they got discovery, free flow gas, loads of Helium - 5 billion stocks at fraction of a penny, can they do this and would this then resolve the entire situation for long term shareholders with 10p++ average holdings...?

So HE1 goes into another phase of funding, so let’s say it then has 5 billion stocks and at 0.2p per stock is sitting there on market and it’s got a discovery declared and just sitting there doing nothing, maybe go to 0.4p when they get to phase where they are able to get offtake agreement where they can offer helium gas at cheaper rate to a buyer in the terms for the benefit of the cash payment included in the agreement and so then they go okay that’s fine so we’re going buy back 4 billion stocks at 0.4p and buy them as a company buy back in and then they cancelled them. Then you’re back to 1 billion stocks at 0.4p. Is this a tactic to use to bring back long term shareholder wealth?

No, I believe they will find and declare Helium Discovery, on both sites. The Geology speaks for itself and we have our drill that is more than capable for the job. Eventually this project will continue to new sites with our drill and I suspect they will farm out the evaluation and production of the sites they declared discoveries at. Thats one way to play it isnt it...

IMO the team will be in final stages, getting everything set up and then they will take a break have a BBQ, then kick the first shift off in the morning and release RNS to say they have Spudded and that will be it, all on from there 24/7. We just dont know what day they will do this. Nothing to worry about, they definitely going to Spud soon.

Yep, everything is on the table now. It's all about Discovery. Obviously this price isnt reflective of a discovery but in the meantime there be loads of stocks being sold in to this pre results and they will be the people who put up 10 million cash for 5p and 6 million cash for 6p - those professional investors at high level just hand over money, trade out for 10+% gains and dont take the risk. Unfortunately HE1 mgmt have determined sub optimal times to fund so its their lack of experience that has cost many of us here dearly. Some great PR to showcase the project, some interviews on site with key players in the team there etc would have been great.

Well worth a watch just released in the news:

https://www.youtube.com/watch?v=rZw_HMw_VN4

this will hoover up all HE1 HELIUM

All good going so far, an exciting time for the project!

My question on this thread is to ask if anyone has any idea what options are available for HE1'd drill once they completed the second site? They say in latest tweet 'before wet season' - anyone know if HE1 can lease out their rig over the wet season to keep the team and equipment at all times hot so that after wet season, HE1 get straight in to 3rd and 4th sites using the revenues they just got from leasing out their drill and crew for the months Nov > Apr for example? No need to raise more equity when can use revenues from drill leasing for periods HE1 not using it.

Would that farm out comment mean that on discovery at TAI they would hand it over to another business to appraise it and take it to production whilst the HE1 team move on with their drill and keep exploring and declaring discoveries and passing them on to the farm out partner to do their work and production and so on. Would that be a fair interpretation?

Granting authorisation to issue shares for cash - does that mean that instead of paying bonuses or increasing salary that these options replacing these things since they are issuing the options shares instead of paying cash - is this correctly interpreted?

Remember this back in February - so Lorna is stacked with MILLIONS of bargain priced options priced at a level that carries her very little risk:

The board have resolved to issue 8,000,000 options in aggregate to subscribe for ordinary shares (the "Options"). The Options have been issued as to 5,000,000 to Lorna Blaisse and 3,000,000 to Kai Gruschwitz, the Company's new Technical Director. The Options will vest in three equal tranches over the next 3 years and are exercisable at 6.25p per share, a premium of 16.8% to the closing share price on 22 February 2023, being the last practicable day before the issuance of the Options.

I agree. A real giveaway "again"

they could have easily filled up 6m quid with 9p stocks because you cant invest 6m quid in to this project without causing the share price to rocket. As you say, she cost us dearly in terms of price of funding. Cant say I admire the BoD over this giveaway.

She will know deep down she wasnt so forthcoming on the funding matter to shareholders. could be reason why no interview as she would get asked about it and then she would have to say well we bypassed that by doing it differently via a Cash box process and then the interviewer will ask her why she wasnt so forthcoming and perhaps some shareholders will see that as a sneaky move and therefore may not believe what you say in the future as you have proven you work around what you say and not walk the talk so to speak - she definitely not going to be wanting to be put in the spot with that line of questioning.

The last funding round, priced at 5p, saw all the available shares snatched up quickly. Many savvy investors at institutional level surely were aware of the forthcoming funding call, allowing them to exit with substantial percentage gains, only to repeat the process at 6p. This creates a thriving cycle, benefitting those fortunate enough to access these exclusive opportunities.

With nearly a billion shares in circulation and confirmation of two upcoming drills, the stakes are high. I'm still holding on, filled with hope that this venture will indeed prove successful, propelling the stock back to the 20WING once again…I do wish HE1 mgmt sought funding at higher stock prices are they sell out quickly and they know this so can use that to their advantage its basic economics of supply and demand - I believe 5p and 6p were giveaways significantly benefiting those who are not retail investors. Last nights allocation to retail investors was minimal and just a small token. Only had 2-3 hours to act on it. Pretty rough really...

So every time we drill a hole it costs us 6 million even though we own our own drill? I thought it was 6m to lease the drill per hole and imagined it would be cheaper now we own it... any insights on this?

Actually I was wondering how they do this when they said a meeting would need to be called to approve any such raise in the future from this years AGM - just curious as to how this was approved?

How many shares will that take us over a billion??

Is Aussie Princess around to go through SPUD & RESULTS with us?

Keep in mind that we're drilling in the Goldilocks Zone, and the spud date is approaching quickly. As for the Share Price, I've been a bit puzzled as to why we haven't seen an uptick, but there's not much we can do about it. Let's remain hopeful for a successful discovery...

Yes I think we should BRING BACK THE MINCH for some serious PR work.

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