NHE 6.78% 5.5¢ noble helium limited

Yes, thats what they say.However I think they'll be flying close...

  1. 8,892 Posts.
    lightbulb Created with Sketch. 540
    Yes, thats what they say.

    However I think they'll be flying close to the sun after paying to redrill the gas cap, and because success is not guaranteed, they will CR prior to that.

    https://hotcopper.com.au/data/attachments/6021/6021765-689114954dad0a5596bc8a8ae9e05428.jpg
    Note that only A$4.5m remains for appraisal and testing, let alone any pilot plant

    That last raise at 13cps (all time low ) wasnt pretty. Must have been a few nerves at HQ with $7.5m already owing for Mbelele costs.
    Initially I was impressed that JW and SS contributed $1m to the raise at 13cps, but subsequently SS sold $100k's worth on-market at 10cps.
    Not very confidence inspiring regarding their financial acumen, imo. I think they'll be more careful in future wrt to cash levels.
    Finances will become clearer in the Mar qtr rpt.




 
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