NHE 1.69% 6.0¢ noble helium limited

Bit of perspective on HE1They raised capital at 6p in Sept 2023...

  1. 8,903 Posts.
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    Bit of perspective on HE1

    They raised capital at 6p in Sept 2023 and again at an extremely dilutive 0.25p in Dec 2023 due to rig problems etc

    Latest initial drilling results are positive hence the pop in volume and sp from ~ 0.25p to 0.62p.

    Shares on issue went from 941,456,430 post Sept CR @ 6p to 3,402,377,430 post Dec CR @ 0.25p

    MC @ 6p in Sept 2023 was GBP 56.5m and current MC at 0.62 is GBP 21m

    Point being, nice pop in sp on initial drilling results and from a very low base but the value (MC) of the company is still down ~60% from Sept 2023..

    https://hotcopper.com.au/data/attachments/5914/5914696-091e9e6a404361a94a8db0a8ec257a2d.jpg

    As for NHE, I think they dodged a bullet getting the last CR filled at 13cps given half the funds raised was for costs already incurred at Mbelele.






 
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