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Royal Helium Ltd V.RHC

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

Royal Helium Ltd. is a Canada-based company, which is focused on the exploration, production, and infrastructure with a primary focus on the development and production of helium and associated gases. The Company controls over 1,000,000 acres of prospective helium permits and leases across southern Saskatchewan and southeastern Alberta. Its helium reservoirs are carried primarily with nitrogen. Its helium lease/permit land is comprised of 10 main blocks spanning southwestern to southeastern Saskatchewan. Its exploration drilling at the Climax block in the southwest resulted in the discovery of the Climax Nazare zone. Its drilling in the southeastern side of the province has been initiated on the Ogema block. The Company’s properties are all in close vicinity to highways, roads, cities and oil & gas infrastructure. Its subsidiaries include Royal Helium Exploration Limited (RHEL) and Imperial Helium Corp (IHC).


TSXV:RHC - Post by User

Comment by Margin321on Apr 23, 2024 7:00pm
159 Views
Post# 36004185

RE:The stock should be halted immediately

RE:The stock should be halted immediately The questions are who is selling, and whether they own the shares they are selling. They are making lots of money, but it is not benefitting the long term shareholders or the company. However we (the LTH) will not be totally wiped out unless the cmpany is forced to do a stock offering at this price. IN that case new new holders of the ultra cheap shares will own the company and we will be essentially wiped out. And the company will get very little cash.  I hope they know that do do an offereing when under attack like this is the WORST thing they can do. They have to cut costs, preserve cash, meet debt payments. They should proceed with Val Marie and do nothing about Forty Mile or any other third project until they are absolutely sure that they are out of danger from liquidity standpoint.

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