So some of placing money going to used to sort ingamar out . Acid or fracking. It mentions using capital to across it other projects and general working requirements. Rembrandt ingamar is the flagship ! |
RNS out. Equity raise |
Round, you were not correct. Placing was at 15p. That's the reason for the share price action it seems. |
The raise to fund Capex, given the aeon reserve and economic estimates, looks the right move at this time. Debt finance is pretty brutal at the moment (everywhere) and I guess if they can get anywhere near those annual revenue figures, it's a different company altogether."We are delighted to announce updated reserves and economic forecasts for Rudyard Project which demonstrate the potential to generate free cash flow of $15 - $25 million per year post-tax and post-royalty"They need to drill drill drill now....Cash |
This looks like an interesting company but I read they raised circa £7m when they listed which would keep them afloat for approx 9 months which is basically where we are now. Another placing must be imminent and I’d imagine around the 12p mark. If I’m correct we’ll see the share price drift to 13p levels.
Views welcome and no deramp intended. I just can’t get much info on their cash position.
Many thanks. |
Dream, which is all good if HEX prove they have what they think they have in Clink 1.
At the moment the share price seems to be heading for a double bottom at 13.75p |
Think of it this way: We could spend time and resources developing complex and costly technologies, or we could tap into a readily available green alternative right beneath our feet. |
Thanks dreamtwister, good numbers there! |
printed today 16/01/2025
Rudyard has an estimated in-situ value exceeding $250m at a helium price of $550 Mcf.
the Company’s next drilling location to be called Huntley #1. The Company intends to drill up to five production wells on the Rudyard structure in 2025, enhancing helium production and revenue from the Xebec processing plant. |
Thanks, HC. I thought DM came across very well, sincere not too excited. Let's hope he stays calm, and we really do hear about the impending stimulation very soon. |
New interview added to thread above with RNS line |
True to an extent , but the market simply isn't backing them. Not mentioning cash and finance position , noting it's an operational update , is just fuelling the fearmongers and the discounted placing rumbles. |
Also, from the RNS"The Company therefore anticipates that the plant will be ready to move on to the identified plant location in Q2 2025, with production targeted to commence shortly thereafter pending acquisition of front-end membrane units"That's a rapid move towards production and cashflow without the burdensome debt usually associated with Capex requirements - some achievement that.Cash |
From the RNS;Reserve Statement and Financial Model The Company has commissioned Aeon Consultants LLC to prepare a Reserve Statement and Financial Model over the Rudyard field. Aeon Consultants are industry experts with 45 years of experience in economic analysis, production optimisation and reserves estimation and evaluation. As announced on 12 December 2024, drilling at Darwin #1 intersected target reservoir horizons high on structure compared to historic drilling to the west. This demonstrated that Rudyard is a much larger structure than anticipated and that the apex of the domal anticline is broader and further to the east than previously interpreted. Surveying has commenced on the Company's next drilling location to be called Huntley #1. The Company intends to drill up to five production wells on the Rudyard structure in 2025, enhancing helium production and revenue from the Xebec processing plant. |
Great news!!!
"Results from Darwin #1 indicate that the anticline at Rudyard surpasses our expectations and is larger than previously modelled. This could represent the largest producing helium structure in the State of Montana. We look forward to an exciting quarter for Helix Exploration as we continue to create value for shareholders and advance Rudyard towards production and early cash flow." |
New RNS out reference PSA plant. No real new information in it apart from the plan to have 5 wells producing from Rudyard by the end of 2025. |
.CEO states to Get ready as Revenue comes early Q2
With the plant site identified, we anticipate the PSA plant will be ready for installation at Rudyard in Q2 2025.
"Results from Darwin #1 indicate that the anticline at Rudyard surpasses our expectations and is larger than previously modelled |
Certainly looks that way ... acid stimulation to start soon but not sure that will have much effect until successful outcome |
Dismal - market confidence has gone |
Blue, correct but the week isn't over yet. See if we have any news by end of week |
Mid Jan is this week in my book! |
Where's the newsflow? |
CEO stated RNS - Detailed plan for Success soon
"Helix will continue to update stakeholders as the refurbishment progresses and will provide further details on installation and commissioning milestones in the coming weeks." |
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