Ann: Trading Halt, page-11

Hi edshann - assuming that the TH relates to Canbelego (which surely it must as we are not drilling anywhere else at present) your comment would be most people's initial impression but the TH decision would have be driven by assessments in each company of materiality (to the price or value of the company's shares):

• In absolute terms, Helix's 70% interest is 2.33 the size of AIS's 30% interest but ...
• When MCs are added to the mix the impact difference becomes huge. Helix has a MC of ~ $15M whereas AIS has a MC of ~ $220M. 220/15 = 14.67 times the size. 14.67 times the equity difference ratio of 2.33 gives an overall notional effect on Helix of ~34 times what it would be on AIS.

An exciting possibility then is that some AIS shareholders who like the play may buy Helix shares to get more meaningful exposure to it. Nice.

Now let's see what the TH is all about. However as Zammita said in this Post #:53096090, for Helix to have called a trading halt for DD hole 2 but not for DD hole 1, suggests DD2 must have standout visual (or Xrf) results. I'll go with that until shown otherwise