NHE 20c ipo offer price went to about 43 cents when first listed...

NHE 20c ipo offer price went to about 43 cents when first listed to 5.7c now.

It's peer in Tanzania HE1 ipo offer was about 2.8p which then rose to about 28p on market excitement before dropping to as low as 0.2p due to dilution and no major clear helium discovery at the time

So money has been made on both NHE and HE1 by some but the dilution in particular on HE1 who raised billions of shares at 0.25p limits upside for early ipo investors for HE1 for instance. Wells are not cheap for either HE1 and NHE so far spending over AUD100m combined on exploration-drilling-seismic etc..

So can NHE make a clear discovery soon and not follow HE1 in raising at extreme lows and issuing billions of shares wiping out upside potential for early investors