Member Info for thetriplestar

ok well lets see - will be good to get this uncertainty out of the way to give more credibility and hope to their future plans because if they dont get appropriate funding then it pretty much is all or nothing on TAI. IMO.

about the 10p share assumption if there is a strategic investor who wants to invest £10m cash in to HE1 then when they start buying and buying and buying the share price will go will over 10p as we are talking around 100m shares so a placement keeps it tidy and certain therefore a 10p offering for £10m cash injection to project seems pretty good deal to me. For us and also for the investor. Would be a rather short term 50% gain (for example) sitting there for them to trade out from in lead up to drill. Project gets the £10m cash instantly and plans out a multi drill campaign and we all happy.

its an excellent opportunity for someone with DEEP POCKETS to make a FORTUNE... I reckon a premium raise would be fair and reasonable given the potential and work done to date hence why I reckon if a raise it will be at 10p. Thats what I reckon. Could be very wrong! - lets see...

Minch appears extremely positive and confident about the future of the project even he indicated that HE1 will become a monster of an organisation, with global project aspirations - great! BUT that would therefore indicate that he either has a discovery at TAI but cant declare it for lack of specifics and is going all in on TAI with no funding or that he is super confident in a funding package that is very favourable to current shareholders. He actually says he is in favour and supportive of long term shareholders so my own thoughts are that we will be expecting a near guaranteed discovery at TAI if no funding secured beforehand OR he is securing a funding deal at a premium to current share price range ie around 10-12p for £10m cash. if he was going to raise funds around this 6-7p level now that wouldnt fit his narrative...

if they were to offering placement to PIs then it would take a lot of time to organise and finalise?

All on TAI with near total cash burnout (the Highway) (ie) all or nothing **or** a pre-TAI fund raise securing multi drilling campaign for 2023? Exclude options such as fund raise post discovery. I am only referring to the Q1 Plan lead up to drilling time.

My view is that it appears that Minch is determined to do the TAI drill based on funds they have without doing a raise for extra funds beforehand. This to me now becomes an all or nothing project because if they fail to declare a discovery at TAI they will be nearly empty of ££ and therefore will need to reboot the entire project which will at that point be higher risk than ever because they failed to prove their geo assessments therefore - its all or nothing right? If he did a raise beforehand and secured say 10m£ for a planned multi drill campaign, we may be diluted but derisked as a 10 hole campaign in my opinion will secure the discovery we all here for. So it's up in the air now isnt it? Sounds like he is going ALL IN on TAI.

He really should have organised the cap raise earlier this year on the back of geology results but didnt disclose those results with great fanfare. Having said this - I do believe a £10m cash insert in to the project is quite feasible as it would cover a multi drill campaign and pay back very rapidly at some stage during that campaign. The geology work explains all in great detail so the chance of success is very high on a multi drill campaign in my opinion. If I was a multi millionaire investor I would gladly look at HE1 as investment to support the campaign.

some people in the past were asking how they worked with people getting 2p stocks etc so yeah thought I would share this news as its probably exactly what happened with HE1 many years ago now

First Helium: Announced a non-brokered private placement whereby the Company will issue up to 10m units for total gross proceeds of up to C$2m
Each Unit will be issued at a price of C$0.20 and consist of one common share in the capital of the Company and one common share purchase warrant
Each Warrant will entitle the holder thereof to purchase one common share at a price of C$0.30/sh for a period of 24 months from the closing date
The Company intends to use the net proceeds from the private placement for activity on its portfolio of projects and for working capital and general corporate purposes
The Company also provided a summary highlighting the Company’s progress during the past year and focus for the next 12 months

some say it is because of the annual accounts but I am not convinced on this. I reckon they are in a closed period due to discussions with other parties regarding financial matters. Based on the news recently and the enthusiasm from the HE1 team, I believe we are going to hear the results of those discussions soon. Should be good...

yes thats right I dont see any issues now. One way or another this is how they are going to play it. I suspect there are great plans in the pipeline too as he did indicate a GLOBAL approach to the business which was a positive to me as that tells me they have strategy and plans for a big future. so 8p now is simply a bargain even if it dropped to 5p it still going to bring huge gains one day. like you say, with the big hitters, they would struggle to buy at these prices.

this problem is with £10m cash you wont be able to buy HE1 stocks at 7p. The price would just keep going up on those volumes so your average buy price could very well end up over 15p if you lucky - remember this is 100m shares for example. So a placement and there will be competition for a placement as its a nearly guaranteed 30-50% lift post placing and going in to next year with multiple drills - so as much as some believe in a 7p placement, I dont. I believe it will be over 10p if not 10p min. and it will be a VERY lucky person putting their 10m cash in to 100m HE1 stocks.

There is a missing piece, sits between the apparently certainty from HE1 team that this is only the beginning and the future is incredibly big (ie) I think Minch implied it would become a monster - now this is all said with an extremely confident delivery. On the other hand, there is only enough cash to do TAI so it would appear from that knowledge IMO that there is a missing piece - a missing link that connects the two - so the sum = multiple drills planned for 2023. Therefore my assessment is they will do a pre drill fundraise at a premium (eg) 10-12p for £10m cash, declare this arrangement at the same time declaring their plans to drill multiple prospects with Tai being the first one. The person who invests £10m will slowly drip their way out over the 14p-22p range and make a few million and shareholders will benefit from the ongoing growth expected from the project and lower risk framework given multiple drills lined up for 2023 starting with Tai.
If I had £10m I would do this. Nearly guaranteed situation with win win for all involved. and that is why (I reckon) HE1 is in a closed period. All IMO ok this is just my own opinion and you do your thinking and research. GLA!

Yes that is all very positive and shows action on the ground...

I was wondering though - wouldnt the rig owner take responsibility for moving it around to ensure they protect their own asset or does drill company only own the actual equipment and if it is moved then the user needs to organise and pay for that and well as insure for the risk during transit? Anyone in the drill business understand how this works? Im interested to know..

Yes, I don't think a fund raise will come before drill time. He indicated they are working on the commercial terms at the moment and that these cant be disclosed as rightly so, they are sensitive in nature and yet to be signed off. I trust Minch will be putting together a great deal for HE1 and the 3rd parties - there is a lot of upside for everyone involved now. Massive.

another excellent interview: https://www.***************************/helium-one-global,-excited-to-be-back-on-the-ground,-drilling-and-for-2023-video/4121091323

thethevoid! Thank you for your support! We are now on a positive roll here!

Well this morning the news was excellent for me so I am comfortable with this plan of action with lots to now look forward to. For me, massive element of risk for this investment has be wiped away today because I believe once they drill at Tai they will declare a commercial discovery and thats what I am here for so all good now from my own perspective. Dont know how the share price has remained in the 6-7p range today with such massive volumes but I am not concerned at all because the discovery will establish a value that I am surely going to be happy with.

Just seen the interview - very positive very exciting - got it all sorted out now. What a bargain share price today excellent buying opportunity with all this news confirmed. Personally I dont see any problems now. This is GOOD.