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Royal Helium Ltd. V.RHC

Alternate Symbol(s):  RHCCF | V.RHC.WT.A | V.RHC.WT.B

Royal Helium Ltd. is a Canada-based company, with a primary focus on the production and development of helium and associated gases and is currently producing helium from its Steveville project in Southern Alberta. Its helium reservoir at Steveville is carried primarily with nitrogen. Nitrogen is not a greenhouse gas (GHG) and therefore have a low GHG footprint when compared to plants in other jurisdictions that rely on large scale natural gas production for helium extraction.


TSXV:RHC - Post by User

Comment by Margin321on Aug 31, 2024 1:54pm
285 Views
Post# 36204118

RE:RE:Party's Over

RE:RE:Party's OverAsdfghjk writes: My bet is the JV fell apart and they're dead in the water.

Well look at it this way.

Market cap of whole company is 12 million.

Val Marie has one well but it has not been tested. They have similar untested well at Ogema prospect.  They have shallow wells at Climax and the deep Nazare zone there of great promise. They have more propects including cadillac that is quite promising. Then they have Steveville wells producing and also the promising forty mile prospect that they are supposedly drilling.

If you were Sparrowhawk CFO (or the CEO) would you allow your company  to pay 25 million in cash for half of  the unproven Val Marie prospect with one untested well. That might be your last chance to do that kind of work.

Just my take on it. They originally thought the deal would be signed off in a month or two. Mor etime than that has passed.



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