Ann: Noble Helium raises $14m for Mbelele Appraisal & Testing, page-85

I went down a helium rabbit hole a few months ago (which is where I came across NHE) but don't have a clue, so by all means shout this down (or better yet, disprove it). But can anyone point to a pure play junior helium explorer/developer – listed anywhere (ASX, North Am, UK/EU etc) – that has not either seen its SP collapse over the past 6-12 months or, at the very least, is in the red over that period?
















NHE hasn't done itself any favours by having to clarify/correct/retract every second recent announcement its released...And Tanzania, while by no means the worst jurisdiction on the continent, has plenty of downsides...But that said, fwiw seems to me that the problem could be as much to do with the commodity being in decline than NHE having dubious management and/or being about to release underwhelming drill results.

I guess the market reckons that one (or more) of the major nat gas producers has got their sht together and will be bringing enough supply online to make up for the shortfall, which (I at least thought) was anticipated to only get worse with the US govt's impending exit from the helium market??