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First Helium Inc V.HELI

Alternate Symbol(s):  FHELF

First Helium Inc. (First Helium) is a Canada-based helium exploration and development company with properties in Northern and Southern Alberta. The Company is focused on exploring and developing two helium projects in Alberta, Canada. The Worsley Helium Project in northwestern Alberta is an advanced-stage project covering 60,000 acres. It holds First Helium's helium discovery well and two oil wells. The Southern Alberta Helium Fairway Project (Lethbridge) covers over 276,000 acres. Over 60% of First Helium's acreage has three-dimensional (3D) seismic coverage for identifying subsurface structures and closure necessary for trapping helium.


TSXV:HELI - Post by User

Comment by Wheels54on Apr 28, 2023 12:45pm
74 Views
Post# 35419452

RE:well wheels first helium is basically a "zombie" stock

RE:well wheels first helium is basically a "zombie" stockThat's an extremely pessimistic outlook for a company with no debt, some income and perhaps having a small monthly cash deficit at the moment in a young industry with growing demand, dwindling supply and traditional sources no longer stable or reliable.

You've been very skewed to the negative the entire time (and with the current stock price I don't really blame you) but your analysis is tilted so far to the worst case and negative that the scale is ready to fall off the table.

If you look across the board all HE stocks are near lows and the current macro economic environment def has something to do with that.

I respect your analysis but I do think it's quite doom and gloom and doesn't consider all aspects of whats going on or the potential that is still here. 

There are numerous other companies in worse cash flow positions with no income, loads of debt and much more diluted in either a stale or eroding industry. None of this is the case with the HE market or HELI.


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