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Bullboard - Stock Discussion Forum First Helium Inc V.HELI

Alternate Symbol(s):  FHELF

First Helium Inc. is a Canada-based independent provider of helium gas in North America. The Company is exploring and developing a premier helium project in Alberta, Canada. The Company's Worsley Helium Project in northwestern Alberta is an advanced-stage project covering 53,000 acres with multi-commodity exposure to helium, as well as oil, natural gas liquids (NGLs) and natural gas. Its... see more

TSXV:HELI - Post Discussion

First Helium Inc > time for strategic options
View:
Post by uograd on May 25, 2023 6:26pm

time for strategic options

market has spoken and to any poor sap that bought yesterday at .23 and there was a bunch of you, you have now lost 25 per cent plus of your investment in one day

welcome to the world of being a first helium shareholder.

all you have do is look at ed's own words.  There is a long time to order this equipment and have it manufactured before it is shipped up north

these manufacturers don't build on spec, they want cold hard cash and plenty of it up front before they ever turn a wrench

we are basically broke, cash flow negative and no chance of a financing at these prices so the chances of any of this happening are close to if not zero,

sellt the company ed to someone who can bring this play home as first helium is not the avenue to successfully bring the helium to market not now not ever
Comment by GoldenArm on Jun 14, 2023 9:45am
So now alomost a month later and they are still alive. Best deal is to wait and see where this goes. I sold almost all shares and have lost a lot on this stock. However if  they can get production going they will have cash flow coming. Cost of a plant can be financed even if interest rates are high. Banks were lending money in the 70s and 80s with double digit interest rates or high single ...more