First Helium Inc V.HELI

another nothing burger press release

[uograd]

so they waited several months and released this.  What a joke.  this is a preemptive heads up for when we see how high operating costs are going up to the end of  september and the realization they got much worse after september 30 which won't be in next week's financial as oil production tanked in october and now november,

it is did bring a tear to my eye that once again no one proof read the release and there is a syntax error a grade 2 student would not make but at least that let's us know it is a legimitmate release.

cash position here must be under 1,000,000 bucks by now and whatever happened to the helium off take agreements?

[Wheels54]

Well for one thing, everyone has felt the flows have been from natural decline. They just confirmed it was an operational decision. That's good news. As for costs, their margins on the wells have been about 22 percent from what I can find. So if they can reduce costs by 50 percent like they say. Great. This is solid news IMO Hopefully more on the way. GLTA

[forwardflash]

It's a nothing burger, I knew as most did they had choked back production, and the reason why, we also knew the implications of the disposal well.  But that doesn't mean there hasn't been a natural decline also.  And since they didn't say what their income and expences are there isn't any way to gauge the financial state of the company. They know and could have told

[HeliumToTheMoon]

You never stop amazing me how sad and depressing you are.  Time to cut your losses and move on. 

[forwardflash]

I'm sorry I depress you.  I already sold and explained the reasons why at that time, it proved to be a good move. This one is on my watch list, I'm looking for a reason to reenter.  Good luck 

[yureja44]

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