BNL blue star helium limited

Helium One - Meet the relatives, page-8

  1. 218 Posts.
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    The deal equates to a 10% dilution of Helium One shares for 50% of BNL, which is currently valued at AU$10 million.

    On the other side we are getting AU$12 million worth of investment, a fast track to production, we keep Serenity, and reimbursed for work done on Galactica Pegasus so far.

    The missing puzzle piece is whether we still do a CR. I think the answer is YES, hopefully at a higher SP because of this deal. In other words we may still see a dilution of up to 25% ourselves, hopefully bringing in another AU$4 or 5 million.

    handled well, this should be good for everyone involved. Two helium companies that actually start producing helium, with a long cash runway and plenty of resource in the ground.

    Cautiously optimistic.

    GC DYOR


 
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