RE: HL now have the bid at 1.508 Mar 2024 09:23
This is such a good price to get in at ! Getting more now !
News is still being released
Helium One also revealed it is starting talks with potential vendors for production facility engineering.
Liberum, in its note to clients, said: "HE1 [Helium One] continues to evaluate the success at Itumbula and aims to achieve commerciality at the earliest opportunity.
"While still early days, the DST results are highly encouraging in our view, and a subsequent EWT may provide the potential to fast-track production and the company may engage with suitable off-takers in a success case.
"The company also reserves the optionality to deepen the Tai-3 well further into the basement to evaluate the helium potential, which we see as a quick way to prove up further value across HE1’s asset portfolio"
Liberum is a 'buyer' up 20p. The shares are currently changing hands for 1.55p, down 13%.