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Skippy thanks for this - IMO Lorna will be highly inexperienced at dealing with these complexities but what value do the people who sit on HE1's Board provide the project? Given the performance of the project to date, I looked at them at the AGM and I see people who just sit there so they can say they are on the Board of such and such a company - I dont really see what VALUE they bring to the project - any perspective on this to share?

Regarding Noble Helium, I see they were 50% oversubscribed in this latest capital raise and only going to do one hole instead of two? Why didn’t they take the full funding for two holes as planned in their previous presentations? Or have I interpreted this wrong?

It appears that individuals are investing in this stock, even if the trade costs exceed the value of the trade itself. This could be seen as a positive indication, suggesting that these investors anticipate significant gains in the future that would eventually offset the cost of the trade. Unless of course as Skippy puts it, it's a free trade. In this case it would appear people are investing with anything that have left to trade with even if it is just a small amount.

I agree Cocobeans, I suspect, even thought vols are high, that this remains widely under the radar as its clearly an easy money spinner - if I had a spare million quid I would go in here and double it easily, would be the fastest million ever haha - all IMO.

Ok cool, thanks Craig - very exciting times now - looking forward to the contracts, the details within those contracts and mobilisation.

Craig - late afternoon UK time is midnight in Perth - doubt RNS would come out at that time?

Once Noble confirms the details, likely on Sunday night UK time, before the market opens in Sydney on Monday morning, we can anticipate a significant impact on HE1's share price. Assuming the confirmation includes the assurance of sufficient funds, it is highly likely that HE1 will experience a substantial surge in its share price at the start of trading on Monday morning!

Yes, I share the same suspicion. It's possible that a few text messages sent from the campsite, following Randy's emotional reaction to the broken drill, could have influenced people to sell their shares. While this is merely my opinion, it's important to acknowledge that such occurrences are not uncommon. However, in the midst of uncertainties, all we can do is maintain hope that everything will ultimately work out. The RUKWA region possesses immense potential, and the success of this project holds significant benefits for everyone involved.

Indeed, it is worth noting that the opportunity to acquire shares at 5.4p might have existed, albeit in smaller volumes. However, the placement of an extensive 200 million shares at a price of 5p is far beyond what retail investors typically have access to. Such large-scale transactions often favor wealthier investors who can benefit from favorable terms, while retail investors like us are left with limited opportunities to participate in these lucrative ventures.

In my opinion, it appears that the funding received in December 2022, consisting of 200 million shares at 5p, is now being gradually sold off to retail investors at around 7p, allowing for a risk-free gain of approximately 40%. This raises questions about the identity of those funders, as it seems they were given an advantageous deal with the intention of offloading the stock at a higher price. This situation highlights a disparity where the wealthy profit while the less fortunate bear the risk and hope for positive outcomes. I'm curious to hear others' thoughts on this matter.

It appears that Noble's recent update suggests they were limited in their options for farm-in agreements, likely resulting in their current predicament of seeking funds and being able to commit to only a single drill.

This situation reminds me of past experiences with Minch and his playbook, leading to the suspension of shares due to insufficient interest from their Farm in bid efforts.

Moving forward, I hope that HE1 can focus on their own program of works, secure the necessary drilling contract, and leave Noble to pursue their own agenda. In the coming week, I anticipate one of two possibilities: either Noble secures the funds and proceeds with shared costs alongside HE1, or HE1 proceeds independently, finalises the contract, releases an RNS announcement confirming the mobilisation dates, and maintains the planned drilling schedule for August.

Is that an 'actual' booked fare of transit you have there?

The complexity of a legal contract between two exploration companies sharing the same drill and drill servicing team on-site would depend on various factors such as the scope of the shared resources, responsibilities, liabilities, intellectual property rights, confidentiality, and dispute resolution mechanisms, among others. Here are some considerations that could contribute to the complexity:

1. Resource sharing: The contract would need to outline the specifics of how the drill and drill servicing team will be shared, including the schedule, access rights, maintenance responsibilities, and any associated costs.

2. Liability and indemnification: Both parties would need to define their respective liabilities and establish indemnification clauses to address potential risks, damages, or accidents related to the shared drill and drill servicing team.

3. Intellectual property: If there are any proprietary technologies or processes involved in the exploration activities, the contract should address intellectual property rights, including ownership, usage rights, and any restrictions on sharing or disclosing sensitive information.

4. Confidentiality: The contract may include provisions to protect confidential information shared between the two companies during the course of their collaboration, ensuring that trade secrets, data, and other sensitive information are kept confidential.

5. Insurance and risk management: Adequate insurance coverage, including general liability and worker's compensation, should be addressed to mitigate potential risks and liabilities associated with the shared drill and drill servicing team.

6. Dispute resolution: In the event of disputes, the contract should outline a clear mechanism for resolving conflicts, such as negotiation, mediation, or arbitration, to avoid costly legal proceedings.

7. Termination and exit clauses: It's essential to define the conditions under which either party can terminate the contract, including notice periods, obligations upon termination, and any potential financial or operational implications.

Engaging legal professionals experienced in contract drafting and exploration industry practices to ensure that all relevant considerations are adequately addressed will take significant time and involve challenges from all parties, re-drafting and so on - I suspect that this is a hugely complicated contract and will no doubt come with delays that havent been factored in. Some say that it's been 2 years but in reality this farm process only concluded a month or so ago so whacking out a sufficiently robust contract will take time so patience is needed. I appreciate a huge amount of frustration over this exists and lots of negativity but hey, let's see where this lands. There is everything to go for with this - Lorna stands to become a multi millionaire on the back of this project - this is an opportunity so big for her I doubt she sitting around. Everyone will be wanting to make thi

Great to see some solid buying today, especially with those who are selling before the show. The current entry point seems quite favourable considering our full funding and the imminent shipment of the rig. While the time leading up to the drilling in Q3 may not hold much significance, once we have the rig contract RNS, it will undoubtedly ignite a wave of interest and instill confidence in our project. Exciting times lie ahead, and I'm confident that our progress will continue to attract attention and wider investor support.

Several factors have the potential to increase the share price for Helium One:

1. Positive Exploration Results: Successful exploration activities leading to the discovery or confirmation of substantial helium deposits can significantly boost investor confidence and drive the share price higher.

2. Production and Commercialisation Milestones: Progress in transitioning from exploration to production, along with achieving key commercialization milestones, such as securing off-take agreements or partnerships, can have a positive impact on the share price.

3. Market Demand and Pricing: Favourable market conditions, including increasing global demand for helium and favourable pricing dynamics, can contribute to higher share prices, especially if Helium One is well-positioned to meet market needs.

4. Project Expansion and Resource Upside: Demonstrating the potential for resource expansion or discovering additional helium-bearing structures within existing projects can attract investor attention and lead to share price appreciation.

5. Strategic Partnerships and Investments: Forming strategic partnerships with industry players or attracting investments from reputable institutions can be seen as a vote of confidence in Helium One's potential, positively influencing the share price.

6. Regulatory and Environmental Factors: Clear progress in navigating regulatory requirements, obtaining necessary permits, and demonstrating commitment to environmentally sustainable practices can enhance the company's reputation and positively impact the share price.

7. Market Sentiment and Investor Perception: Overall market sentiment, macroeconomic factors, and investor perception of the helium sector and the company's management team can also influence the share price.

IMO there is HUGE upside potential for everyone involved in this project from todays 7p stock price.

In my opinion, the share price has strong potential for improvement. Previous mismanagement by Minch has led to disarray and a depletion of shareholder goodwill, causing fear and frustration. However, Lorna now has an opportunity to demonstrate true action and fulfill promises, which will restore confidence in HE1. Once the market receives confirmation of HE1's tangible progress, investors will view it as a more compelling investment opportunity, shifting the focus from uncertainty to the company's growth prospects.

We are currently in an advantageous position, referred to as the Goldilocks Zone, where favorable conditions for helium exploration and drilling in August align. Additionally, our partnership with Noble, backed by their fortunate String of Pearls, is expected to result in a farm-in agreement by the end of May, with imminent news expected tonight or tomorrow. Once confirmed, HE1 will proceed with their own RNS announcement and the scheduled shipping of the Rig around mid-June, as per their previous communications.

Fear not, for we are supported by a String of Pearls and guided by the Goldilocks Zone…

It seems that the HE1 team may have encountered some challenges in their approach to the project. Ideally, the project plan would have followed a structured path, including comprehensive research, confirmation of potential Helium deposits, pricing for a drilling campaign, and subsequent market engagement.

However, it appears that the team's execution has been less than satisfactory, possibly due to various factors. Nevertheless, it is important to remain patient and wait for confirmation from Noble regarding their plans. Once we have a clearer understanding of their intentions, Lorna can provide further details on their proposed single drill approach.

The good news is we are planning to drill in August so I am really looking forward to this. Once Noble confirm the terms of the farm agreement with their chosen partner I am sure HE1 will then release RNS to confirm they have also signed up the contract and its all go from there... very exciting times ahead for this project (finally) ...