Bullboard - Stock Discussion Forum Royal Helium Ltd. V.RHC.WT.A

Primary Symbol: V.RHC Alternate Symbol(s): RHCCF | 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. > I'm out

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Post by Margin321 on May 21, 2024 1:14pm

I'm out

I wish you all good luck here and I think the Val Marie JV could be huge. Forty Mile also has potential. But the first quarter financial numbers are bad, Steveville not yet at target, expenses much greater than revenues. Won't meet covenants end of 2024, which gives banks a lot of power. And no revenues from other areas will be coming for a long time.

I just had other places I like better to put in what was left (a small amount) of my RHC holding.

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