Member Info for Toffers

No I didn't Arealdartagnan, because I hadn't realised how much under the thumb they were of the TG. But the presentation made it abundantly clear to me. You live in hope until the reality strikes home, that's what you can blame me for, I was slow on the uptake. However, I don't deny that this share is a brucie bonus for the traders, and will probably continue to be so for a good while if the company are held to ransome on yet another placing etc. I think the company owe it to genuine shareholders to come out and explain WHY they diluted shareholders to oblivion, what exactly happened, who took those shares, why did they not wait until EWT and then raise at a higher sp hopefully, why did they not offer it to existing shareholders at a discount instead of filling someone elses pockets with at least a cool £8 million +? Ask them. And if you don't get satisfactory answers, then what? my views.

RogerJolly there are two sides to every coin. I came in to this on the dilution at 0.54 and averaged up a little over those few weeks. I was persauded by the investment case, initially, but needed time to research more. The presentation finished it for me, nothing more, nothing less, I would have stayed in but for the presentation, it was awful, they were unsure of themselves, they were shuffling and clearly hiding the true facts which to my mind is clearly that the TG are totally in control of the company, and there's no way of escaping that. If the company want the mining licence, they will be beholden to them, it's Africa, not the UK, and Africa still works on a bartering system. As I say, if you haven't been to Africa and seen how the system works first hand, don't even bother to comment on here about something you know nothing about. My husband worked for the world bank in the Ivory Coast, I know exactly how these things work, imagine living with someone who barters for everything even though he now lives here in the UK! Used to drive me nuts, but it's their culture, their way, they don't know anything else, and if they can get something for nothing, they will. The company is not a major so it has no clout. You can't take an African state to court over non payment of something or failure to provide something such as a mining licence, it's impossible, it just doesn't work, and you end up out of pocket for nothing. They are calling the shots, and it will remain that way. HE1 own nothing and will own nothing until they extract the minerals/gases out of the earth and to do that, they need to spend up to another £50 million to try and achieve it, and they've just raised £8 million, and had to slash the sp and dilute shareholders, so imagine them having to do that again and again another 6 or 7 times, it will be good for the traders, they will make a killing, but the long term investors will just continue to get repeated smacks on the backside with nothing to take away from here, and I doubt they ever will have anything to take away from here, unless by some miracle, a buy out occurs, but when the TG still own the minerals, they can revoke mining licences and conduct a buy out themselves! HE1 own nothing right now other than a rig. my views.

CP, who on earth do you think you are? you are not the forum police, get over yourself. I've news for you, when I started to worry about the way the presentation was going yesterday, I started to hit the sell button, but guess what, it was NT to sell for 20 mins, because clearly lots were also escaping, so I had to wait and then do it in smallish amounts, so there are quite a few on here claiming they are still holding etc, who actually must have sold out or de-risked yesterday because it was that busy that it was very hard to sell. That's how bad the effect of the presentation was.

Anyhow, I wish the genuine the best of luck. Ciao.

I suggest you go to Africa EMEX, Ghana, Ivory Coast, I've been to both, sat on a beach with the corrupt president of one of those countries at the time sat behind me and only realised when we asked someone to take a photo of us, and there he was with his wife in the background, they ended up fleeing the country to avoid jail, I've stayed in Labadi Beach hotel in a suite for my honeymoon with the Ghanaian President staying on the floor above, surrounded by at least 20 body guards. It was mayhem. The govt officials all have masses of armed bodyguards for a reason! It's a totally different culture. Money is slipped in to back pockets here there and everywhere. I'm white, when we first arrived in Ghana, we took a taxi together, the driver refused to let us out of the taxi until we paid his ransome fee! From thereon in, I had to hide so they didn't see me until we got in to the taxi, and my husband had recorded the taxi driver stating what the fare was when he asked for the price alone!

I was right on eurasia, I called it out with the red flags and where did it go, from 43p to 2p. I'm calling it out here, the company have no control they are at the whim of the TG, and the TG will call the shots over pricing etc, the mining licence will be bartered for imo, as will every other step, and despite the FD saying they will not JV, they want to go it alone, they will have no option if they want to survive, because on their own they will just get screwed! Their culture is very different to ours. Ask the company if the TG took those placing shares? No one asked. It was clear from both their expressions what the hell is going on. By all means play with the sp now, but don't be the last one to carry the baby here, when the actual ardent rampers decide to sell out and leave, and I think most of you are astute enough to work out who they are, some have already gone silent and left until this drops again. my views.

Actually no, it was yesterday's presentation, it's clear they have no control at all and the Tanzanian Govt have it all. All I am saying is be careful. At this level it might be fine for making a few bob, but what happens with the next raise when the company are held to ransome again, and the TG probably want shares at the same price as before, imo? You have to understand African culture, it's very very different to ours, I've been to West Africa and witnessed it for myself. If you haven't been, you should go, then you will understand the real world of bartering, and facing a total lack of control.

Https://www.ganintegrity.com/country-profiles/tanzania/

These are articles easily located on the internet for all to see

https://en.wikipedia.org/wiki/Corruption_in_Tanzania

https://en.wikipedia.org/wiki/Corruption_in_Tanzania

Like it or not, you cannot hide from the truth, it's there, in published documentation on the web.

Mokey, sorry to disappoint, but you are very very wrong

Https://www.bloomberg.com/news/articles/2024-07-08/starmer-to-launch-gb-energy-investors-task-force-this-week

Nope, I'll buy back on the next fundraise when the Tanz govt imo ask for another load of shares at 0.054!

Not a valid argument Folio, they have billions so they have the clout, what does HE1 have monetary wise? nothing, and the guy said yesterday, they want to go it alone, they don't want to JV, so he's on a mission for company suicide! You cannot compare companies that are worth billions so have some real clout against the Govt in comparison to the issues that HE1 have, and you know it. I will leave now, but please stop slating me, there is no justification for it, and no, I'm very rarely on twitter or anything else.

Crusty, they didn't even do a primary bid offering, to save money, that's how desperate they are, so you lot got diluted to heaven and they sold the shares to what was probably the Tanzanian Govt to try and keep on the right side of them to get the mining licence, that's what it looks like to me. They are held to ransome and that came across in their faces yesterday and for anyone who didn't watch it, watch it, they both looked very very uncomfortable. my views. Best of luck, you'll need it.

Rather than slating me, why don't you concentrate on that! They've just had a job raising £8 million, they had to do it from a private investor whom they won't name, but because they have to kowtow to the Tanzanian Govt, it doesn't take einstein to work out who probably had the shares. Get a grip the lot of you. They are at the mercy of the Tanzanian Govt and you cannot deny that. They might have the helium but the Tanzanian Govt own it until its out of the ground and there's 18 months to go before that happens and anything can happen in the interim, and £50 million is a lot of money to raise when you don't own anything to secure the funds against!

Find this and have a read, note the reference to the 'corrupt and authoritarian rule'.

"Civilian control of the military in Tanzania and Zambia:

Explaining persistent exceptionalism

Stefan Lindemann

Crisis States Research Centre"

Over and out.

CP, just finally, they have to keep a record of all past and present shareholders in case there should be any legal proceedings. Best of luck.

No RJ, you are the fool. They own nothing until they extract the helium and other gases, the Tanzanian Govt own what lies beneath the surface. Suggest you start reading up about mining rights etc and ownership. Couple that with it being in an African country, where military coups are a regular occurrence and money laundering regs seems to be an unknown quantity, would you rather have your money in the UK or in something the company presently doesn't own in an African country? my views. Back to FTSE 100/250 for me, far safer. I'll leave you all in peace.

Every shareholder has to be listed, old and new.

CP, they will be recorded on the share register if anyone can be bothered to obtain a copy, they have to list all shareholders by law.