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OK now that recording is hilarious. At the 23m mark, Roe is asked about a tie up with Aminex. Her voice raises about 8 octaves, says they talk all the time, and would consider a tie-up 'at the right time' and if shareholders are supportive

So, is something being discussed? Absolutely.

If Zubairs wanted to take control of the company, they would not have done the farm-in. They could've taken out 75% of Ruvuma + other assets at a similar cost. Who knows their reasoning, but this way they can spread their control across two companies, each with a different strategy.

Once the dust settles here, AEX will owe us a revamping of this strategy, so we can understand where we're going.

Best option for us here is being part of an RTO. We'd make a nice partner for a new business that needs a public vehicle. With a bit of cash on hand and some assets to sell in future (rigs, Indo), we'd have a bit of negotiating room to get decent terms. Hopefully with a business that is more on-trend than O&G.

I hope too that H1 chooses London (AIM) for its listing instead of ASX. No disrespect to the Aussies, but there's a wider pool of capital in the UK.

Exactly. By no means a tip, but goes to show that Helium as an investment is real, and can generate good returns.

Now, a major helium find right next to Silicon Valley (for use in semiconductors & IT equipment) is an easier sell than discoveries in the Tanzanian savannah. I hope and assume H1 will go over the top in its plans on how to transport any gas finds. A normal gas pipeline doesn't cut it, and Qatar level infrastructure doesn't exist.

If you want a good story on helium, look at a company called Desert Mountain Energy. It trades on the CDN/US exchange with helium rights in Nevada. It had some good drilling success this summer and has 10 bagged in the last 6 months. I managed to get 5 of those before selling out. Only heard about it from doing research on Helium One (you can trade int'ly with HSBC). So, you could say that SCIR made me some nice profits, albeit indirectly.

I see our faithful Executive Chair paid himself $1million last year for his efforts. At least someone is making money from this heap of rubbish.

Nothing here was going to be announced before the national election. Not so much to see who the winner would be, but rather to see the response to alleged vote rigging, public protests, and view of the international community. Four years ago, TZ received negative press for weeks after the contest. Hopefully it's smoother this time around for both the people of the country and foreign investor sentiment.

Just as all commodities companies and FDI decisions in TZ took a pounding when the Barrick Gold debacle became global news, it's great to see the company now chucking money into the country. Hopefully wider TZ investor sentiment continues to improve as well.

https://in.reuters.com/article/us-barrick-gold-tanzania/barrick-gold-plans-to-expand-exploration-in-tanzania-idINKBN2781YJ

Here come the eod profit takers. Hoping for another nice bump tomorrow along with some news on formal handover.

Expect a couple 'red dots' by eod. Unftly, they'll likely be Price Monitoring Extensions. Perhaps a more interesting one tomorrow though?

GL, I think 'reversion to the mean' is what you're trying to say. It's just doing it in a hurry.

Hopefully a sign most of the Majedie overstock has cleared

Hi Sambo, I agree! There's no lack of incentives to roll this out asap. Besides, costs for rigs and services must be at bargain basement prices these days. A nice counter-cyclical play. And who knows, maybe we can drill and develop for way less than originally planned, and can use some of our $35m 'credit' towards ARA's share of profit (as noted in original FO term sheet).

At these volumes, it's likely Majedie AM, who have been liquidating its huge holdings all year. They've been doing it at all price points, and assume its to meet client redemptions from its funds. I'm actually impressed the SP has held up as well as it has today, considering yesterday's monster gain. Clearly lots of buyers out there!

Now, if we can just get more insight into ARA's drilling plans. Fingers crossed they're still planning for end of this year -- That'll really charge up investor interest!

And now with approval in hand. I respect a bit of profit taking after today's jump, but we're just getting back to a more normalized launching point.

I topped up a bit last week, but I didn't feel good about it. Will look to do more now, despite today's rocket, because risk-adjusted return is actually still higher.

There is no going back now. Clear path to drill and development. Funding in place. Not many O&G tiddlers can claim that.

...how big this is for SOLO. Monetization of this asset is next

Woo freakin' hoo