Member Info for Toffers

Correct beesty :)

Because the exact opposite would be happening, people would be moaning as to how is this going to be paid for? and by whom? So they haven't buried it, they've been upfront about the plan for further financing. How are they supposed to grow a business without it? and bearing in mind it is currently still an AIM market listed business?

"Delivering high-grade, low-cost helium projects in the United States.

31 May 2022

• Strategic large-scale US land position

• Early-mover in the world’s largest helium market

• High grade green helium resource in Las Animas, Colorado, U.S.

• Low cost, high impact exploration and development drilling program

• Recent discovery successes at Galactica/Pegasus and Voyager

• Additional large untested exploration portfolio

• Clear commercialisation pathways in under-supplied helium market"

Expon, the next few months with Blue Star are sure going to be interesting ones!

2023 - https://africaenergyinsights.com/Tanzania/post/tanzania-equinor-shell-and-exxon-agree-lng-project/

Nishant has been connected with Exxon, Exxon are connected with Equinor, Linde India are looking for gases, Nishant has also been connected to the UAE, and previously to Africa. The plot thickens...... why Nishant? he's definitely been brought in for a reason, so who is he negotiating with on our behalf?

Https://www.equinor.com/where-we-are/tanzania

Https://energynews.pro/en/equinor-shifts-its-strategy-towards-oil-and-gas-in-africa/

If you scroll carefully, you can read the article without having to pay or accepting cookies.

Guys please, let's be positive. I'm positive about what is to come, and I hope it will be a short term wait. Please don't spoil it by silly arguing on here, it serves no purpose. If peeps are in, and holding, then they will be positive. Anybody else has sold and moved on, or has sold with the hope of getting in lower, which hopefully won't happen. Some of us have a shorter timeframe left in our lives for investing, especially after the Pfizer booster jab (don't start me on that!) and GPs who miss diagnoses for years, because there are no checks and balances with the useless GMC and BMA, so please, let's keep it cordial, and upbeat. This is likely to be a very rich period for RNS's for us!

Totally agree two die, very good analysis :) I think it will be much quicker than 12 months though! Someone is not hanging around!

Peeps just go back to the recent news of the new NED! This is from 2018 for example;

"Mr. Nishant Dighe is CEO of RAK Gas, the national oil company of Ras Al Khaimah (RAK), United Arab Emirates, and is also serving as the Chief Executive of the RAK Petroleum Authority – the government regulatory body currently conducting a licensing round in RAK. Mr Dighe has around 25 years of oil and gas experience including with supermajor and independent oil companies, as well as with smaller oil companies – both private and listed. His education includes a Master of Engineering degree in Chemical Engineering from Imperial College, a Master of Science degree in Petroleum Engineering also from Imperial College, and an MBA from Warwick Business School."

Nishant has contacts plus experience of M&As.

The inception of the Songwe Ltd company, although a necessity, also makes it easier for directors to resign, without Helium One being affected.

I'm convinced there will probably be an announcement of a major coming in to JV very soon on Tanz, followed by the major then taking over.

They could have taken a loan with a high interest rate, but they didn't, they got institutional investors to pledge the monies, and those insti investors will know what is coming down the short term pipeline for sure!

I'm expecting the company to also increase its stake in Colorado very soon.

More news this coming week?

Thoughts?

It is for BNL AND HE1, but Songwe Ltd isn't fully signed off as yet, so funding from the TG isn't appropriate as yet. I suspect the funding for both operations is because an approach has been made regarding BNL, and one which the company can't afford to miss out on, but I'm just hazarding a guess on that of course, but that makes me think why 3 instis are prepared to stump up 10 mill.

I suspect when the Songwe Ltd directors are finally sorted, provision will be made by the TG for some financing from them for the SR project and things could move at a pace.

On today's news, I wonder who the three instis are?

This article is interesting as there's clearly no shortgage of instis willing to lend to mining companies and no shortage of mining companies taking advantage of the same!

https://minesandmoney.com/mining-company

Shares will now start passing to more stickier hands with a lot of spondoolies in their hands!

The small shorts have been spanked!

Yep thought shaunsz was angling on getting that heading removed, thankfully, he's been removed, thanks admin! By the way, wheres Punter1234, and McNol?

"Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets.

With more than 40 offices, access to all major exchanges, and technology-powered data and advisory services, Marex is your essential partner."

John Henry when the heliums out, I'll be laughing, you won't!

All appear here suddenly again spreading doom and gloom whereas if they were day trading they would be singing the praises of that rns! How fickle are people. There's helium in SR, it's been proved, they can now progress towards getting it out, and at the same time provide further funds for Colorado which will provide revenue. TZ Govt can't get involved with Colorado, they are not legally entitled to, so I suspect they will reserve funding for when we're a bit further on with up and coming production at SR. Bring on the drilling at pace :)

To buy out the Colorado operation totally now?

Blubay, it's not just for Tanzania, it's for both operations, that is what you missed, hence TZ will invest at a later stage no doubt for just the TZ operation, they have no financial interest in Colorado, so they're not going to invest for that obviously. The institutional investors are investing in both operations.

"the Company announces that it has entered into an investment agreement (the "investment agreement") with three institutional investors (the "investors") that has been arranged by Marex Financial pursuant to which the invvestors have conditionally agreed to invest a total of £10 million (approximately US$13 million) (the "Advance") to fund the next phase of operations IN TANZANIA AND IN THE US"