RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:.66 offering You're most welcome.
Another thing I would chime in is just around dilution. I think the company is massively undervalued, personally, I'm not overly concerned about the dilution until they get to about 100mm shares out. Plus, the more shares they can get out should hopefully help increase their volume, which is a good thing for everyone.
I think they have around 60mm shares out. Just for easy figuring, let's say after they move on from this junk finance, they end up with 70mm shares out.
If you read their NR, Mcdaniel signed off on a contingent 2C reserves report this is a higher level O&G classification, which means there is a very high probability of the resource in place. They only did the contingent report around the pool of their one well, and they estimated 187mm cubic feet of helium.
Let's say, for easy figuring, you used USD $400/mcf (which, from what I have heard, is pretty low). Just that alone is USD $74mm. That's close to $100MM CAD. That is from one pool around one of their wells, they have 12 to 15 additional pools they want to drill. Just that one proven pool justifies at least a $1.50 price IMO, and we haven't even seen what their prospective resources estimate from their entire land holdings. I was actually quite disappointed they did not release this, I called the company a few months back and asked about it, and they just said it was coming and Mcdaniels was working on it.
Now, will they get the actual value of their asset reflected in their stock in the current market.... that I don't know, but eventually, I think they will, especially if they keep drilling and proving up their land. I still think it has massive potential, will there be hiccups yes, will there be down days of course, will they drill some dry wells absolulty but eventually its going to be huge.
I guess because I spent so many years in O&G, I have a different perspective, but 100% that technical teams know what they are doing. It's going to be a fun ride, I'm super pumped to see what their appraisl well results are because that contingentt reserves report can just keep getting bigger and bigger! Buckle up