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Bullboard - Stock Discussion Forum First Helium Inc V.HELI

Alternate Symbol(s):  FHELF

First Helium Inc. is a Canada-based independent provider of helium gas in North America. The Company is exploring and developing a premier helium project in Alberta, Canada. The Company's Worsley Helium Project in northwestern Alberta is an advanced-stage project covering 53,000 acres with multi-commodity exposure to helium, as well as oil, natural gas liquids (NGLs) and natural gas. Its... see more

TSXV:HELI - Post Discussion

First Helium Inc > ed must know the old classic, "wasted days and wasted nights
View:
Post by uograd on Jul 24, 2023 12:38pm

ed must know the old classic, "wasted days and wasted nights

wasted days and wasted nights a classis by freddy fender is exactly what first helium is at this point,

60 days and nights ago they announced a market rocketing $100million u.s. agreement or thereabouts to sell 80 per cent of their helium to an unknown third party over 5 years with production early 2024

well 60 days and 60 nights later nothing, nada, zillch, no financings, no money no construction just shall I say more hot air that never lands

yes there were a couple of frivulous press releaes  touted more great driling locations they don't have the money to drill and a few other such non senses but nobody cares

reality is they are looking for and need a buyer to give them .30 cents probably in paper and take this mess off their hands.

soon they will have to put out their 51-101 that will be updated to reflect their two watered out oil wells that is surely to give the stock another boost and the market even more confidence,

i gave you 60 days ed to do something without saying a word so show me the money or resign and bring in someone that can sell this company and allow us to retrieve some of our investment
Comment by Wheels54 on Jul 24, 2023 3:06pm
Uograd let's stack them up to the rest of the bunch. Royal Helium - Massive dilution, massive debt, a management team with a shady at best track record, already 3 months past their obligation to make good on their apparent offtake, have agreed to supply 99.999 percent which they may or may not be able to do or will take some time to do if possible and management pays themselves the highest of ...more  
Comment by kalman007 on Jul 26, 2023 10:11am
Then why is the SP stuck in the toilet?  And if there really is an offtake agreement, why doesn't anyone name the purchaser?  Why the secrecy?
Comment by Wheels54 on Jul 26, 2023 7:23pm
Good question. All HE stocks have been beaten up the last year and a half. With what they have with minimal dilution and already revenue, your guess is as good as any. As for the offtake, it seems to be par for the course as Royal provided even less details on theirs. Perhaps because the industry is so young, they are all holding their cards close. Been rough holding but HE demand does not seem ...more  
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