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Avanti Helium Corp V.AVN

Alternate Symbol(s):  ARGYF | V.AVN.WT.A

Avanti Helium Corp. is a Canada-based pure play helium exploration company. The Company is focused on the exploration, development, and production of helium across western Canada and the United States. Its projects include Greater Knappen Project and Leader Project. The Greater Knappen Project has identified key areas for helium exploration in Southern Alberta and Montana. The project covers an area of approximately 78,000 acres of prospective helium acreage within the Greater Knappen area. The asset has multiple helium target intervals in Devonian and Cambrian. In Alberta, it has a project in Aden and in NW Montana, there are four project areas: Sweetgrass, Keith, Kicking Horse and Police Coulee. Leader Project consists of several permit areas; each permit is in different areas in Southwestern Saskatchewan. The permit areas are Maple Ridge, Fox Valley, Burstall, Abbey and Kyle. It covers approximately 91,000 acres of helium prospective land.


TSXV:AVN - Post by User

Comment by Greygoat420on May 23, 2024 12:39pm
209 Views
Post# 36054181

RE:this stock has fallen from grace

RE:this stock has fallen from graceThe reasons for the fall in share price are simple.  The most important is missed timelines for start-up, initial target was end of Q1/ early Q2, now we are looking at end of Q3/ early Q4, based on current corporate presentation. No offtake agreement, Chris was not able to negotiate an agreement and has now signed up a middleman to market their gas (for a fee). Third is tranparency with shareholders.  No explanation for the delayed start-up.  It doesn't seem like it is Avanti that is holding things up, maybe IACX is having issues with the supply chain in getting the modules completed for the HRU?  Avanti management would be reluctant to come out and blame IACX for the delay.  We know that the electrical hook ups should be nearing completion (back up generators available if needed) and the pipleine from the wells is done.   All of this leads to uncertainty, which the market does not appreciate.  1st quarter financials are due to be filed at the end of next week on SEDAR.  We'll have to wait and see if they include some details in the MD&A about the delay and the new timeline.  They can't afford to miss another start-up date, they will need to raise additional funds if they do, putting further downward pressure on the share price. Some sort of news release wold be nice, the silence is just making things worse.   
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