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Royal Helium Ltd. V.RHC

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

Royal Helium Ltd. is a Canada-based company, which is focused on the exploration, production, and infrastructure with a primary focus on the development and production of helium and associated gases. The Company controls over 1,000,000 acres of prospective helium permits and leases across southern Saskatchewan and southeastern Alberta. Its helium reservoirs are carried primarily with nitrogen. Its helium lease/permit land is comprised of 10 main blocks spanning southwestern to southeastern Saskatchewan. Its exploration drilling at the Climax block in the southwest resulted in the discovery of the Climax Nazare zone. Its drilling in the southeastern side of the province has been initiated on the Ogema block. The Company’s properties are all in close vicinity to highways, roads, cities and oil & gas infrastructure. Its subsidiaries include Royal Helium Exploration Limited (RHEL) and Imperial Helium Corp (IHC).


TSXV:RHC - Post by User

Post by Margin321on May 27, 2023 6:53am
271 Views
Post# 35466983

Break even for me after this bounce

Break even for me after this bounceDoes anyone know if the off take agreement at $625 is to the original space launch buyer or to a second company? They do not make that very clear They should have. Meanwhile it was a good day but need a couple more to establish an up trend. I just added some recently and I am sitting at 62,000 shares ( not a big percent of portfolio but still a reasonable sized investment for me) with a basis of exactly $US 0.30. So I am even after today. My first purchase was at $US 0.40 on July 16, 2021. I have been able to average down. Main issue has been marked delay in getting to production and massive dilution along the way. That plus focusing on Steveville production (which they had to to pull it off) and putting everything else on pause (shallow climax production, deep nazare horizontal well also at Climax, ogema testing, val marie testing). Of those the horizontal nazare well to prove commerciality there is most important. Anyway, once Steveville is actually selling helium RHC should establish an up trend that those other items can add fuel to. I am pretty positive looking forward as I think this announcement means that they are pretty confident the new plant will work as designed and that the timeline is weeks to a few months at most. 
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