Member Info for Toffers

Https://time.news/russian-dumping-plays-spoilsport-on-helium-market/?

27/10/24

I've diversified a little in to US stocks, even with the uncertainty of the US election, they seem to be holding up better than us. Still holding here of course, and currently in the red, but hoping that will change shortly. Labour have already inflicted too much damage, letting rapists out of prison, to clear spaces for minor offenders, where's the sense in that? businesses are leaving Britain for Dubai weekly, I know of two businesses who are already preparing to go to Dubai, and leave here, if I was in a better state health wise, I'd go myself, as what's to lose in reality whilst Labour decimate the economy?

Anyone think this might be where we are headed next, possibly an SML in which the TG take a stake?

https://www.miningweekly.com/article/tanzania-awards-mining-licence-for-strandlines-tajiri-mineral-sands-project-2024-03-26

Providing the ML is granted, the life changing money here will be made by holding in to production, and beyond if peeps can afford to :)

Cocoshunter over 20 years + ive been there done that, when there is a small amount of shares in issue it simply does not work, ive tried it on numerous shares, there isn't enough liquidity plus last weeks trading showed there were a fair few trying to exit that share when I looked, there were quite a few sales. You cannot manoeuvre easily in a company with such a small amount of shares in issue as people just won't bother. I wouldn't bother and I dare say many more wouldn't either. You've got a much better chance of decent volatility and swings here. Look at eurasia and cloudtag as examples when they took off for instance. So I totally disagree with you, but good luck with it!

Wrong whoknowswhy stock liquidity counts for a lot, you watch on hex, only 123 million shares, it can't be freely traded, and market makers will lock brokers out at the slightest whim as they will be desperate to match trades sells v buys, and if you've got a rush of peeps trying to get out, they will lock the door. Won't happen here, plenty of shares in circulation to allow plenty of liquidity.

Whoever is cross ramping hex, they only have 123 million shares in issue which means they have no chance of trading liquidity, so you won't get much of a herd arriving on hex. Effectively, you've backed a dead duck shares wise, and most of those stuck in it appear to be aiming to get out. So glad I'm not one of them. Here however, we have oodles of opportunities for trading liquidity as we have 5b shares in issue, so it will be a traders dream on the back of positive news, and as with eurasia and cloudtag, we could get a pretty sharpish ascent on sp. I mean, come on, hex is at 25p and they've got nothing, whereas we are about to go in to production hopefully, on two counts and 2025 could prove very lucrative to investors. my views but hex is a total non entity in comparison.

Sorry I spoke, surprised at the rudeness, and no 78 is not my favourite number. Get over yourself.

So on the grant of the ML, and assuming the herd arrive, where do people envisage the sp will go to?

At 08.41

"I see ml being approved this next week"

Have we just moved up a notch?

All the more reason then to think that we are keeping ready to go for us! :)

From 2 months ago, bet that's not going to be very effective!

"Telegram will start moderating private chats after CEO’s arrest | The company has updated its FAQ to say that private chats are no longer shielded from moderation."

Https://africanminingmarket.com/tanzania-in-a-position-to-reap-from-critical-minerals/19849/

I reckon this is where our rig could be going in the interim may be, to this company who shall be nameless in case I'm accused of cross ramping which I'm not!

This was released 7 hours ago for someone else, I've taken out the name, but note the very last sentence, so I reckon all bodes well for us :)

"XXXXXXXXXX has identified ten new potential helium gas targets within Tanzania’s Rukwa Basin, which could become one of the world’s largest helium reserves. The company is preparing an ambitious drilling program to explore these targets, potentially boosting its helium development efforts. This advancement comes amid strong support from local authorities and communities, highlighting the project’s promising prospects."

GAME ON for us I'd say, and we are much much further advanced.

"Gary Willmore

CEO at Lonestar Exploration International Inc.

February 13, 2017

Warm stacked rigs are, in theory, supposed to be maintained almost as if they were on contract. All machinery and systems are run regularly and checked, and the rigs have a reduced, but adequate, crew onboard. Assuming warm stacking is executed properly, rigs can be brought back into service relatively quickly. Depending on the type of rig and its location, daily operational costs for warm stacking are usually around one half of what they are when the rig is in operation. (down-size crew, equipment. support and vessels) = less cost.

Cold stacked rigs, on the other hand, are virtually abandoned, and preservation becomes the focus. While daily operational costs for cold stacking are a much smaller fraction of the cost of full operations, extensive preservation programs require a significant up-front investment. If preservation procedures are not sufficiently implemented before a rig is put into cold stacked mode, the lack of preventative maintenance and operation of generators, station keeping systems (for floaters), marine ballast systems, safety systems, and jacking systems (for jackups) creates a major deferred time and cost risk to owners if the rig has to be put in service again. ( look out for PLC issues during restarts/reactivations) ..."

source: LinkedIn

They don't need transportation, as I read somewhere that helium is often sold 'at site' so to speak and it becomes the buyers responsibility to transport it as I understand it. Such is the demand for helium, I don't think that will be an issue plus more profits for the company to keep if the buyer has to remove it once tanked!

From 2022, but relevant,

"Bankers and policy makers in Africa want to ensure funding for fossil fuels such as natural gas, which they say is key to the content's energy security.

In countries including Mozambique and Tanzania, more than US $50 billion-worth of gas projects are being discussed with companies including TotalEnergies SE and Equinor ASA. In Kenya, where the national electricity grid is already 90% renewable, authorities are considering converting the remaining fossil-fuel power plants to use liquefied natural gas.

Standard Bank will fund energy and mining projects under "certain tightly defined circumstances" to achieve a just transition for the continent, it said."

source: africa mining

Folio, I know what happens, I've seen it in person with certain people in the flesh, one of them has been the ring leader in some of it. I know he courts CEOs, I know what he does, and I know the companies he courts participate in the telegram groups, although you might not be aware of it, as there is a hierarchy to the telegram groups, and only certain people are invited in to the inner sanctums. I was invited in to an inner sanctum and refused, I won't be a part of it, companies either put their info out for all to see imo or don't bother, but I can't stop what does go on!