RE:RE:my FAILING dd !!
I agree with Chuckey21. RHC and their backers are probably planning a PP. It is likely they have determined how much money they need, the size of placement (dilution) based on the average SP over the last XX trading days, and who will participate in the PP. Money will be needed for the separation membranes, high pressure piping, compressors, He storage cylinders, heat exchangers, on-site buildings, engineering & procurement, future expansion & connections, future drilling, etc. Maybe the largest PP to this point?
RHC probably already has a good idea of the in-place He from the natural gas exploration wells drilled in the area decades ago. Sproule will be able to N51-101 the resource knowing the three well production test results and area geology—hopefully (I hate that word) giving the $$$ investors the green light.