Member Info for ToxicBull

Stewartyboy

I just voiced an opinion and im deramping, what crazy mindset.

Blubay

You sound like this is rosey investment and dilition will be limited, why are the directors not buying on open market?

Surely this will give confidence to market.

Considering it was costing in excess of $5m to drill exploration wells why do you expect them to drill them cheaper in future?

Blubay

Who on earth is gonna give them $75m they couldnt even source a rig and were forced to buy their own.

Stop this in 12 months they will be in production.

MCnol

Again its your opinion and mine differs from you, lets see what happens.

Armadale took 14 months to get ML in Tanzania for their graphite project.

Matd took over 2 years to get their ML in Mongolia the first over their.

ALL are still waiting for for ratification in Ghana for their lithium license.

This ML will take over a year imho based on my research.

BB3

Im expecting news this week, they expect to drill J2 by end of jan. So imv they have drilled over 1500 ft.

Lets see...

Folio

Its a public forum and im raising an opinion just like you guys.

McNol

If they on schedule to be in production in Tanzania with no infrastructure started then i have a bridge to sell you.

Why cant investors see, tanzania will issue the first ML for helium, laws will need to be passed in parliament and will need ratifying. Imho forget 2025 for ML, there was a reason why they purchased the colorado asset to keep investors interested, the resource and income in small.

Aimho

Mcnol

Oil and helium is different but we talking about exploiting the helium, imho it will take time to get ML hence why they bought the asset in Colorado. The first ever helium ML will not be issued in months but alot longer. Imho

McNol

Yes awaiting ML, the first for Helium in country. I recall matd trying to get oil license the first in country it took over 2 years.

In the mean time he1 has to concentrate on Colorado asset in USA which is nothing to shout about.

These are little pockets of helium in usa asset. Shallow wells with around gross 100ft of helium.

Good thing is they have CO2 just like Pulsar Helium in Minnesota. They have gross reservoir of 2100ft deep helium. So way bigger than this.

Jungmana

LBE actually had money, when CSS Alpha Fund AIFLNP VCIC LTD holding rns comes then maybe. Imho need to get confirmation about funding, it doesnt make sense why this is dropping.

From drilling in December to getting permits in January now another 2 months for report.

Anthony needs to come out and inform mkt of their intention, why didnt they raise more than £5m whe they ipo'd?

Fingers crossed

On the move.....

They should be drilling 330ft per day, one would assime they are close to 1000ft now.

Do we know when the flow test are.

Great rns, onwards upwards. Lets go..