Thanks Dia for that H&P Helium One Equity Research document.
If you look at page 6 and in the first box , just below the red lettered’NAV’. Concentrating solely along the row titled ‘Tai (Rukwa)’.
They have gave a RISKED US$ value of $38M (£27.4M) divide by 670M (shares and warrants) is 4p.
Then an UNRISKED US$ value of $290M , (£209M) once again divide by 670M is 31.2p
I understand how H&P came to $290M but what I don’t understand is why they used $58 for “NPV US$/mcf”
They state “ In our base case scenario, we use a helium price of US$250/mcf long-term flat from 2021 and a 12% discount rate from 1/1/2021. ” So surely they should be using US$220 (£159) /mcf instead of the $58. Then I get the unrisked value for TIA to be 5Bcf x 16p/cf = £800M (£1.19 per share)
DIRTYDOZEN13 are you Ryan Paul Neates an Australian Accountant?
If so, your company, Orana Corporate LLP received 5,000,000 Helium Venture shares for 1p I believe the admission document to have an error on page 36, under RELATED PARTY TRANSACTIONS. “ ….including 100,000 shares to Ryan Neates..” this should read 1,000,000
In the void dai’s jokingly saying he sooner luck at Lorna than DM. Dai had to somehow link Lorna in but use DM. So he used the words ’hairy’ and rhymed ‘biased’. Thus being able to bring Lorna into the frame and because she’s pretty, hence “Pretty Biased’ Is that right Dia? I think he’s ****ed! ;)
Yes dia but it needs to be done with a fair amount of money in order to catch the various MM’s eyes. They thought they’d make a killing. Barclays were phoning me that day non stop, I finally answered and got told off. They said I was manipulating the market, I just replied with how sorry I was, I had no intention of doing that and I that I had simply changed my mind. I told them it wouldn’t happen again and that was that. It was brutal. It was probably illegal but the MM’s got shafted and who cares about them, right? 2H’s
You could back in the day play it to your own advantage. Barclays SB used to let you but in a buy when the SP went up to a certain percentage you wanted to buy in at, break the trend so to speak. I remember putting in a buy order on RBS for over £200k’ s worth. The greedy bastard MM’s in the City headed for my price. Just before it got there, I cancelled the trade and sold instead, the price then retreated back to where it was, so bought them all back. £40k profit :) That was 2009 and im not with Barcs now, so I don’t know if they still do that
Research what happened to Rockhopper back in May 2010. A few days after the oil discovery in the falklands. From over 200p, down to 64p was not pretty in 10mins and within 20mins it was back up to over 200p. It was fast. It was brutal. It was probably illegal but nobody seems to care because only the PI got shafted and who cares about them, right?