Member Info for Zoffy

Or maybe the 3rd party would prefer shares for the additional value in the future....

Songwe Helium Limited is a project, likely within a larger company like Helium One Global, focused on helium exploration and production in Tanzania. It's part of the Songwe Region, and the company has been actively engaging with local communities and government officials. The project aims to make Tanzania a leading global helium producer.

Here's a more detailed look:

Location: Songwe Region, Tanzania.

Project Goal: To establish Tanzania as a major helium producer.

Company: Likely associated with Helium One Global, which has an active presence in the region.

Community Engagement: The company has been paying compensation to residents of affected villages for land use and is actively engaging with community leaders and government officials.

Government Relations: Helium One Global is actively involved in government relations with the Tanzanian Ministry of Minerals and other relevant agencies.

Helium's Importance: Helium is crucial in various applications, including healthcare (MRI), aerospace, and scientific research.

Production: The company is focusing on the Itumbula West-1 well, and has plans for an extended well test.

Future Plans: The project is expected to be a long-term undertaking, with potential for job creation and infrastructure improvements in the region.

Don't suppose there is a livestream?

I had a freebie £1 so bought a 100 😎

Whistler51 Come on mm's it's time to let this go.You've had your fun for too long. It's our turn now.

Once the buys outstrip the available shares & the sells. The price will go up. Supply and demand. Simples...

Why do those poor MM's always get the blame? There is no reason for them to hold the price down. It's a case of supply and demand and there are ample amounts available to buy. Less shares available = people want them = price goes up. Simples...

If the price goes up and they hold lots they are hedged. With the speed of the HFT algorithms they can react before you can blink.

Their margin on a trade is minimal so it's in their interest to keep the spread as wide as possible. They're only trying to earn a crust...

Crypt "The rest of the market is down and that's what's holding us back.

These neysayers want you to sell cheap so they can mop up and make the profit when the market bounces back!

They aren't here for your benefit! GLA"

Same old guff like MM's holding it down, tree shake, great buying opportunity.... blah blah blah

My post at 3 Mar 2025 10:29

As I have stated many times the ML was priced in at around the 1.2 top. The ML isn't a driver on price. Only production will drive this higher. Would be nice to see the FS though. Don't get too excited just yet.

24 Feb 2025 15:09

Such a shame that the possible granting of the ML won't affect the SP. Well maybe a small boost...

However the FS may give it a kick North but don't hold your breath.

19 Feb 2025 09:15

Oh look...The already priced in news makes no difference. Same with the ML if and when it comes, already priced in at around the 1.2p to 1.5p range so don't expect any rocket to the moon gains. The FS however could prove to be a booster, but it had better be stunning!

Plus many other posts stating the same. You need to listen people.

Let's hope for the FS release will give it a boost.

Jeez it's not like buying a car or a house. HE1 needs to be sure they have all bases covered and agreed with TZ. These things take time and need to be fully assessed. The acceptance will come once HE1 are good and ready and fully assessed the offer. Patience people!

Legal and Regulatory Compliance:

Confirm the validity and authenticity of the licence offer.

Ensure the licence terms align with the HE1’s operational goals.

Assess compliance with Tanzanian Mining Act and sector-specific laws.

Verify any conditions, obligations, and reporting requirements tied to the licence.

Financial Due Diligence:

Evaluate the financial commitments required for the licence, including royalties, taxes, and fees.

Assess projected operational costs and capital expenditure.

Conduct a profitability and return on investment (ROI) analysis.

Confirm HE1's financial capability to meet the required investment.

Operational Capability:

Ensure HE1 has the technical expertise and equipment to operate within the licence area.

Assess staffing needs and capacity to meet operational timelines.

Evaluate the availability of local infrastructure and logistics.

Environmental and Social Responsibility as stipulated in the offer:

Ensure compliance with Environmental Impact Assessment (EIA) requirements of the licence.

Develop a plan for environmental management and rehabilitation as per the offer.

Establish corporate social responsibility (CSR) programs for local community engagement as per the offer.

Evaluate potential resettlement or compensation obligations.

Risk Assessment:

Identify legal, financial, operational, and environmental risks.

Evaluate security risks within the licence requirements.

Develop mitigation strategies for identified risks.

Government and Stakeholder Relations:

Establish a clear understanding of political and regulatory dynamics.

Contractual Review:

Conduct a thorough legal review of the licence terms and conditions.

Ensure clarity on licence duration, renewal terms, and exit options.

Verify any dispute resolution mechanisms in place.

Compliance and Reporting:

Develop a system for monitoring and ensuring compliance with all legal and operational obligations.

Prepare for regular audits and reporting to Tanzanian authorities.

The time it takes for lawyers to review the offer of a mining licence (ML) in Tanzania can vary based on several factors, including the complexity of the terms, negotiations with the government, and any legal due diligence required. However, a general timeframe can be estimated as follows:

Typical Timeline for Legal Review of an ML Offer in Tanzania

Initial Receipt & Preliminary Review (1-2 Weeks)

Lawyers will assess the terms of the offer, including compliance with Tanzanian mining laws, fiscal terms, and operational requirements.

Due Diligence & Risk Assessment (2-4 Weeks)

Lawyers conduct a deeper review, ensuring that the ML aligns with the Mining Act 2010 (as amended) and other regulatory frameworks.

Comparison with past MLs issued in Tanzania to check for consistency and fairness.

Negotiations & Amendments (Varies, Typically 2-6 Weeks)

If terms need negotiation, lawyers may engage with the Tanzanian Mining Commission or Ministry of Minerals.

The length of this phase depends on the complexity of changes requested.

Final Approval & Signing (1-2 Weeks)

After revisions, final reviews ensure compliance before the company signs the agreement.

Simples...

My guess for the ML offer acceptance RNS is mid Apr. A few weeks away yet.

Unfortunately won't affect the SP very much. You need Rukwa.

▪ Flow Testing has been completed at Ma State 16. ▪ Strong well performance demonstrated with constrained flow rate of 2,500 Mcfd maintained with very little pressure drawdown. ▪ Modelled Absolute Open Hole Flow (AOF) of 33,000 Mcfd is in line with the original choked well test of 10,000 Mcfd previously reported and supports the interpretation of strong well performance. ▪ Gas analysis confirms previously tested helium content around 1.32-1.36% helium which is high for this area and in line with expectations.

The time it takes for lawyers to review the offer of a mining licence (ML) in Tanzania can vary based on several factors, including the complexity of the terms, negotiations with the government, and any legal due diligence required. However, a general timeframe can be estimated as follows:

Typical Timeline for Legal Review of an ML Offer in Tanzania

Initial Receipt & Preliminary Review (1-2 Weeks)

Lawyers will assess the terms of the offer, including compliance with Tanzanian mining laws, fiscal terms, and operational requirements.

Due Diligence & Risk Assessment (2-4 Weeks)

Lawyers conduct a deeper review, ensuring that the ML aligns with the Mining Act 2010 (as amended) and other regulatory frameworks.

Comparison with past MLs issued in Tanzania to check for consistency and fairness.

Negotiations & Amendments (Varies, Typically 2-6 Weeks)

If terms need negotiation, lawyers may engage with the Tanzanian Mining Commission or Ministry of Minerals.

The length of this phase depends on the complexity of changes requested.

Final Approval & Signing (1-2 Weeks)

After revisions, final reviews ensure compliance before the company signs the agreement.

Simples...

I don't think some of you understand the legal framework and what is involved once an offer of a ML is received. It's not just a case of thanks very much for the offer, here is our signed agreement...

Patience, the cat 🐈will get the cream 🍦in good time.

"Considered" conjucture based on previous applications to TZ.

I think 16 weeks at offer to acceptance (worst case) 8 weeks (best case) is not far off the mark.

I don't wish to divulge sources...Sorry

However this is based on prior applications with TZ and as helium is a little tricky it could take longer as they don't have background data apart from one other operator in the region.

The time it takes for lawyers to review the offer of a mining licence (ML) in Tanzania can vary based on several factors, including the complexity of the terms, negotiations with the government, and any legal due diligence required. However, a general timeframe can be estimated as follows:

Typical Timeline for Legal Review of an ML Offer in Tanzania

Initial Receipt & Preliminary Review (1-2 Weeks)

Lawyers will assess the terms of the offer, including compliance with Tanzanian mining laws, fiscal terms, and operational requirements.

Due Diligence & Risk Assessment (2-4 Weeks)

Lawyers conduct a deeper review, ensuring that the ML aligns with the Mining Act 2010 (as amended) and other regulatory frameworks.

Comparison with past MLs issued in Tanzania to check for consistency and fairness.

Negotiations & Amendments (Varies, Typically 2-6 Weeks)

If terms need negotiation, lawyers may engage with the Tanzanian Mining Commission or Ministry of Minerals.

The length of this phase depends on the complexity of changes requested.

Final Approval & Signing (1-2 Weeks)

After revisions, final reviews ensure compliance before the company signs the agreement.

Although fully expected this RNS wouldn't move the price much there is considerable upside.

Humble Beginnings: Starting as a junior exploration company, Helium One embarked on identifying and developing helium resources in Tanzania.

Growth and Development: Through persistent exploration and strategic initiatives, the company has progressed, as evidenced by recent drilling activities and positive gas discoveries.

Future Potential: If these exploration efforts culminate in successful commercial production, Helium One could transform into a significant player in the helium industry, akin to a small acorn growing into a large oak.

Helium One's trajectory embodies the essence of transforming from "small acorns" into "large oaks." However, potential investors should conduct thorough due diligence and consider the speculative nature of such investments.

As always DYOR