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The founders wish to sell .... the long term prospects for this company are excellent.
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Further to my earlier post I should have concluded by saying D.M (the founder and major shareholder) has little time for the City and the astronomic fee income earned by Investment Bankers ….he is and always has been reluctant to appraise them (until the very last moment ) of Renishaws latest financial results
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Natural Gas is $2.80 per M/cf Helium is $280 per m/cf Yes that is 100x more expensive than gas Helium One (he1) are drilling 138 Billion Cubic Feet of Helium Gas in 2 weeks (yes its a $38 billion asset)... Helium is very very rare, shooting up in value and so is Helium One (he1)
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My latest thought Is Renishaw’s founding and controlling shareholders might do a deal and get involved given the latest announcement whereby Rolls Royce and their surplus under utilised sites would house UK Government and Company supported entrepreneurial research in new ideas etc
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My take is Renishaw’s audited results have yet again been delayed because the founding and controlling shareholders are awaiting the Co’s Auditors giving their assessment of a revised takeover
Helium is $280 per m/cf Yes that is 100x more expensive than gas
Helium One (he1) are drilling 138 Billion Cubic Feet of Helium Gas in 2 weeks (yes its a $38 billion asset)... Helium is very very rare, shooting up in value and so is Helium One (he1)