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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 Apr 23, 2024 11:31am
267 Views
Post# 36003334

High volume selling

High volume selling RHC (Royal helium) has been under vicious attack last few days with millions of shares being relentlessly sold. That despite major milestone with JV and lots of public presentations.  RHC has its problems but the selling has been pretty extreme relative to value of RHC assets and prospects for future growth. The last post here alludes to possibility of algorithmic trading by traders with short exempt status. Very hard to know is doing the massive trading and whether the own the shares. If company was forced to do secondary, it would be at extreme low price, all the value of the company would transfer to new low price shareholders, and very little capital would be raised.  This all followed extremely good news, a milestone that opens possibility of a growth  pathway without further dilution by providing access to new source of capital from the JV. 

There is also a flurry of negative posting with false information being amplified and new posters showing up, especially on Yahoo Finance conversations, but also to lesser extent here.

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