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Bullboard - Stock Discussion Forum 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... see more

TSXV:RHC - Post Discussion

Royal Helium Ltd. > Matter of Time
View:
Post by TheBridge on Apr 18, 2023 10:23am

Matter of Time

Hope we can get this share price into the 40 cent range and keep it at that level for while since that would give the boys a better chance at raising the capital necessary to keep building and developing towards production and distribution. Raising capital through equity issues or private placements is a fact of life in this business and a wiser choice than borrowing with interest rates that might still continue to rise. Some here are of the opinion that they have raised enough capital to complete construction to production as they stated but that's not the end of the process. Each time they issue equity or private placements they will say that it will be used to complete their projected activities......until they spent it or complete those activities and then they need to finance the continuing operation. They must continue expanding their build-up to production and continue building to become a viable entity. There should be a lot more whining as this process continues in establishing a solid and growing company that is profitable.
Comment by Margin321 on Apr 18, 2023 11:20am
Getting that first facility at Steveville on production without a glitch or more long delays is so important. Then the next two half as big but same design facilities at Climax shallow and Val Marie are much less risky. Then they can drill a confirmatory horizontal well at Climax Nazare and begin to dream about a much bigger processing plant there and maybe participation in a Saskatchewan helium ...more  
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