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Royal Helium Ltd. V.RHC

Alternate Symbol(s):  V.RHC.WT.A | V.RHC.WT.B | RHCCF

Royal Helium Ltd. is a Canada-based company, with a primary focus on the production and development of helium and associated gases and is currently producing helium from its Steveville project in Southern Alberta. Its helium reservoir at Steveville is carried primarily with nitrogen. Nitrogen is not a greenhouse gas (GHG) and therefore have a low GHG footprint when compared to plants in other jurisdictions that rely on large scale natural gas production for helium extraction.


TSXV:RHC - Post by User

Post by frostbackon Oct 04, 2022 9:06am
177 Views
Post# 35003579

Where to from here?

Where to from here?How low can this go as retail looses faith in any meaningful returns?  I can see sub 0.20 possible and will there be an upside from there?  This may be a short term buying opportunity once the dust settles for those that are willing to take on risk.  The raise is small and will only to serve to keep the lights on and not progress any meaningful progress towards production and cash flow with the exception of engineering and studies.  Certainly there will be another round of raising capital to move forward – at what price and when is anyone’s guess.  Unfortunately time is not on the side of RHC as the capital markets will likely remain very tight for the foreseeable future leading to any further raises being predatory and costly.  This could get very ugly. 

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