Bullboard - Stock Discussion Forum Royal Helium Ltd. RHCCF

Primary Symbol: V.RHC Alternate Symbol(s): 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... see more

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TSXV:RHC - Post Discussion

Royal Helium Ltd. > You can thank me for bailing at the low

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Post by Margin321 on Jul 08, 2024 12:52pm

You can thank me for bailing at the low

If they get $25 million cash for 50% of the Val Marie JV, this will easily move back up to 20-30 cents. I just had too much fatigue from low revenues at Steveville and continuing to issue new shares for consultants and interest payments, plus debt increasing faster than revenue and bank covenants that seem unlikely to be met. But all that was baked in to the 5 cent US price. I am seriously happy for Bridge and Millie and the RHC gang if this company survives and thrives. I have to find my fortune elsewhere.

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