Post by
Margin321 on Dec 20, 2023 10:26am
They did it
Good milestone for sure. Agree with others there is a sense of relief. Next order of business is testing the Val Marie and Ogema wells, which has been in the work queue for almost two years. They can't move forward at those sites without testing the wells they have already drilled. They have the money to do that.
Comment by
TheBridge on Dec 20, 2023 6:25pm
I don't know if you just woke up after a long sleep but now you've just found yourself out-to-lunch. There be more dilutions, several of them, as they progress from an upstart and hopefully can establish themselves as a profitable company some day.
Comment by
Henryviii on Dec 20, 2023 9:44pm
Hi "the Bridge" Finally our Mcdonalds truck driver ,has a Job.It might even be full time.But he may not be back for Christmas.His family might have to buy some Christmas goodies on the credit card.But thats better then nothing.Merry Christmas to all.And to Milly.
Comment by
TheBridge on Dec 21, 2023 9:44am
Excellent comments Margin321, we still have a long way to go.........but they finally have found the right road to be on that leads to where they need to go.
Comment by
Franpro on Dec 24, 2023 12:02am
They are heavily in debt , you just can't ignore this fact. The cost of their equipment was extremely under estimated, not to mention the real killer here. the long delay in getting this process running Numerous dilutions are coming. I find it sad that people talk about what they need to do, without actually a cluead yo where the money is coming from .
Comment by
PaperCerts on Dec 21, 2023 11:34am
Yes. I did actually. And all the dilution makes me grumpy. If you are predicting lots and lots of dillution, this will become 0.05 stock for years before we ever see 0.40+ again...
Comment by
TheBridge on Dec 21, 2023 2:58pm
I don't think it will ever get that low. They now have a revenue stream, that will help the share price to stay up. They will need capital to expand, likely each time since the processing equipment isso pricey. If continue growing and making a profit this share price is going to grow and make some of those investors money. By the way, best wishes to you and make you prosper.
Comment by
Margin321 on Dec 22, 2023 2:32pm
Andrew has talked about customers paying for facilities to get committments for the helium, at a favorable price I am sure. Don't think those discussions go anywhere in this type of credit market. Bank debt is also not attractive (or plausible even) since they still are paying some loan interest with share grants.