[Chipaway]

Extended to Aug. 1st

https://www.alvarezandmarsal.com/sites/default/files/canada/Enhanced%20Monitor%27s%20Powers%2C%20Stay%20Extension%2C%20and%20Other%20Approvals%20Order.pdf

[canthelpit]

rhccf hoping we get something back but with 4 bids there has to be something for the share holders i would hope.

[Chipaway]

Eagerly awaiting the outcome. I'm cautiously optimistic.

[canthelpit]

RHCCF News on june 27th ,,, 4 bidders and an extension was granted ,, we shall see GLTA

[canthelpit]

It could possibly be good news if taken overand still operating

[Chipaway]

Wahoo, this is great news in my opinion. We may just come out smelling like a rose when the dust settles here.

[canthelpit]

RHCCF
Royal Helium going into court-monitored sales process
BY COLLIN GALLANT ON FEBRUARY 20, 2025

The matter of Royal Helium is back in Alberta and headed toward a court-monitored sales process to clear up debts and potentially continue operations of the niche exploration company with holdings in southeast Alberta and southern Saskatchewan.
The Court of King’s Bench hearing in Edmonton on Wednesday approved a transfer of the file from Superior Court of Ontario and into a court-creditors protection process.
That could lead to a sales process of the company’s assets in whole or in part by early May, court heard.
“It provides the flexibility to begin a sales and solicitation process that could likely result in cross-border transaction,” said lawyer Gabrielle Schacher. “The applicants are confident that it will result in a value-maximizing transaction that benefits all stakeholder parties involved.”
Justice Douglas R. Mah approved the application that puts national business advisory firm Alvarez and Marshall in charge of the file. It also consolidates Ontario files regarding Royals’ two subsidiaries and begins a sales process that would tentatively see binding offers submitted by April 18 and potentially approved in court by May 9.
The company applied for protection under the Bankruptcy and Insolvency act in Toronto in January, claiming a liquidity crisis and failure to commission the Steveville processing plant north of Brooks over the course of a year.
Canada Western Bank and the Business Development Bank of Canada are each owed more than $8 million as secured creditors.
Now, they will take over interim financing of the company during the reorganization from initial lender, Energy & Specialty Gases, LLC, and expand the facility to $2.5 million during the sales process.
That Texas-based firm was mentioned as a potential stalking horse bid candidate during proceedings in Ontario court.
Alberta court heard Wednesday that commissioning of the Steveville production facility failed after former managers chose to part ways with the engineering firm that designed it, instead bringing the work in-house.
New management took over Royal in the fall, and major lenders are generally satisfied in their efforts.
“They (debtors and company) have worked very hard in a short amount of time and accomplished quite a bit, in my estimation,” stated David LeGeyt, a lawyer with Burnet, Duckworth & Palmer LLP, counsel to the new monitor Alvarez and Marshall.
Court heard that a sales process could open immediately with a solicitation of interest for the company, which holds exploration rights to more than one million acres of land in Saskatchewan, near Dinosaur Provincial Park in Alberta and the County of Forty Mile.
Binding offers would be accepted on April 19, a potential auction could be held April 23 toward court approval of a sale in early May and potential closing date of May 9.

[Chipaway]

Yah, what a shame. What's worse is having to look at these worthless shares in our accounts for who knows how long. I'd just as well have them disappear so I don't have to be reminded every day.

[canthelpit]

To bad this company had alot of potential and managment made a bad decision in trying to bring an unprover processing plant online by themselves ,,,, 2.7 mil and the manufacture would have brought it up to name plate ,,, 50k shares are rpetty much worthless here............................

[Chipaway]

Bankruptcy Update:

https://pipelineonline.ca/royal-helium-files-for-bankruptcy/#/?playlistId=0&videoId=0

[canthelpit]

RHCCF chip ,, only my opinion but i don't think it is going to be tied up long ,, again just my opinion gl

[Chipaway]

From everything I've read online, with the courts allowing the current management to continue through this process, there's a chance that we could come out of bankruptcy in a better position or at the least be a great candidate for a buyout. At this point, I'll settle for breaking even. Like you said, there was (and still may be?) a lot of potential. Unfortunately, it's going to be a long drawn out legal process and in the mean time our funds are locked up.

[canthelpit]

RHCCF they have the land ,, 1 million acres with the rights to and they have the helium ,,, they decided on a plant that was unproven and alot of bad managment decisions along with most likely greed ,, theese are just my opinions ,, followed them since before they bought out IMPERIAL ,,,They had so much potential and blew it !!! again just my opinions but if a buyout the incoming have the leg work done for them,, they just need the right plant to get the helium out of the ground,, they even had an off take for all they could produce set up

[CashCowMoo]

Yeah, doesnt look like they were really doing much. Look like they had some land but not major helium production.

[Chipaway]

I had 150K shares in this. I rarely get burned this bad. Maybe my third time. There's always the slim chance that we'll be bought out or reorganized. I do find it encouraging that existing management will be kept in place for now.

[canthelpit]

RHCCF trading halted in CANADA today ,, probably the same on otc tomorrow,,, thoes .013s are not feeling so good now ,,,, there goes 100k shares

[Chipaway]

Royal Helium Files For Creditor Protection. (What a bunch of crap!)

Keep it and hope for a buyout or... bail before its de-listed and try to minimize any more loss? Tough questions indeed!!!

MT NEWSWIRES

Jan-20-2025 2:12 p.m. ET

02:12 PM EST, 01/20/2025 (MT Newswires) -- Royal Helium (RHCCF) on Monday said the company and its units, Royal Helium Exploration and Imperial Helium, filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act (BIA).

The company said following a review, careful consideration of all available alternatives, and consultation with counsel, the board has determined that it is in the best interests of Royal Helium (RHCCF) and its stakeholders to file for protection under the BIA.

The filing under the BIA includes a stay of proceedings in favor of the company, and the appointment of Doane Grant Thornton as the proposal trustee of the company. The board will remain in place and management will remain responsible for the day-to-day operations of Royal Helium (RHCCF), under the general oversight of the proposal trustee.

The company expects the TSX Venture Exchange to place it under a delisting review and added that there can be no assurance as to the outcome of such review or the continued qualification for listing on the TSXV.

The company also added that its vice president of geology, Shayne Neigum, who had also been acting in the capacity of chief operating officer, resigned from the company to pursue other opportunities.

Shares of RHC were last seen flat at $0.020 on the Venture Exchange.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

[CashCowMoo]

Do they have anything going on

[Chipaway]

New 52 Wk. Low of .0106 M, Down almost 27% today with a Market Cap now of only $3.9M and a hair away from trips. Unfriggenbelievable !!! This is now in Shell territory. I imagine it's going to be a little difficult attracting that $4.5M offering when your SP is going down the chitter. Okay management, its time to dazzle us all with some amazing news!

[canthelpit]

saw something about #s and news being updated soon ,,, would like to know where the stock stands myself,,,still adding a few every week ,, a buyout would be fine as well just have to start all over thats all ,,, ,, boat loaded here as well ,, float or sink at this point

[Chipaway]

Well, at this point I'm either going to make a boat load or lose a boat load. Holding for now. Not Buying or Selling. I would think that we'll receive some kind of update here shortly?

[canthelpit]

yes hard to swallow here with the new low ,,,hoping it turns soon !! at the same time still accumliating on a weekly GLTA

[Chipaway]

New 52 Wk. Low of .014 with a Market Cap of $5.31M

Wow, that's a fraction of what their Lease and Mine are worth. When will this be bought out and brought back into production by someone who knows what they are doing?

[canthelpit]

rhccf hope someone bites on the ask $ 800.07 lol

[Chipaway]

Hmm, yes. didn't see that.

[CashCowMoo]

I hope it works out, but I have hesitated to get in just yet because their authorized share count is unlimited. I dont like that card in their deck when it comes to stock value.

[Chipaway]

New 52 Wk. Low at .015

This now has a market value of $7.6 Mil despite its leases and proven producing Helium Well. This is now valued as a shell company and is VASTLY undervalued in my opinion. It's going to be very interesting seeing where the SP goes once production resumes. My account is going to be VERY happy indeed!!!

[canthelpit]

RHCCF yes all eggs in the basket for new managment for sure ,,, they have been silent hoping next pr will be the one we have been waiting on for sure ,,, another play in helium I am in for 10k were $1.37 on enter and down to .06 ,,, do the math and the market cap on that one is just shy of ROYAL'S,,,can't win here.

[CashCowMoo]

The public helium companies don't seem to do much other than really nice PDFs and promotions. 

[Chipaway]

Yah think? This is my worst play f the year. But...by all rights this should make us all big Denaro IF the new management can come through. All the Public Helium companies that I'm aware of completely tanked this year, BIG time. Ugh!!!!

[canthelpit]

RHCCF """WTF""" we need a CHRISTMAS miricale here...............

[CashCowMoo]

I almost got in, but they dont really have much going on after digging into it. Keeping an eye on it though.

[Chipaway]

The other thing I find unbelievable is there are still only four of us here.

From their Sept. 9th Press Release: "The Company looks forward to providing regular communication to its stakeholders as the strategic repositioning process progresses and milestones are achieved."

I for one sure would appreciate some (any!) regular communications from our New Management Team. Their Financial results should be coming out soon. That should say a lot about how things are going.

[Chipaway]

New 52 Wk. Low at .019 making this a 6.8 Market Cap

There's under valued, there's laughably under valued and then there's laughably unbelievably under valued. There are are Pink Sheet Tickers with absolutely nothing going for them that are valued higher than this, a REAL company, with Real assets and REAL Income, producing a critical resource material with MANY REAL critical applications. I'm continuing to buy as much as I can. In an absolutely worst case scenario, I'm thinking is worth more as a buyout candidate now and in a best case scenario, this will be going to the moon on one of the many spaceships that Helium is used on.

[canthelpit]

RHCCF chip ,, if you look at todays trades to me it looks like some one trying to bring it down to grab a big buy at a discount ,,, the average joe doesn't make a 10 dollar trade .................... just my opinion buy and sell at your own risk

[canthelpit]

RHCCF CHIP,,, my beleif panicked sellers ,, we know they have the product but past managment couldn't figure out the plant imo,,Many sellers bailed on another site for royal and were looking for instant gratification ,, There has not been alot of news latley and it makes you wonder ? Still holding tight here and adding more as we go ,, next week plan on adding another 20k shares ,, I planned on a long term here and am willing to hold out . On another note i have another play in the same sector that went from 1.37 down to about .09 that has been a big dissapointment and looked promising AND NOT ADDING DOWN ON THAT ONE !!

[Chipaway]

New 52 Wk. Low @ .025 with a market cap of 10.74M

Their leases must be worth more than that. Definitely a buyout candidate at this point. It seems like the only way to contact them is via email which I sent yesterday, but haven't received a reply yet. Any thoughts from the other 3 followers here? LOL. Is it my imagination, or is this one of the biggest under the radar plays I've seen in a long time? I continue to add. Waiting for news and liftoff.

[Chipaway]

So looking forward to updates from our new management team. It's been awhile since we received anything of substance regarding actual production and income numbers. I'm thinking once the kinks get worked out we are going to rock. As of now, we stand to either continue to grow organically in this much in demand, low supply commodity or we receive a very nice buyout offer. I continue to add to my pile in the .03's and have built up a nice chunk. Eager to see us back at our 52 Week High of .23 and hopefully much, MUCH HIGHER!!!!

[Chipaway]

Lots of volume today!!!

I'm thinking there's some good news coming down the road!!!

[Chipaway]

We're Running Hot!!

My 115K shares are looking very nice at .05+ Can't wait till .25, then $2.50. Just wish I had loaded up more .03's Some lucky soul got some in the .02's a week or so ago. Things are definitely looking up here since the management change. Let's see what happens when they get all the ducks in a row and we're at full capacity and we have more than four followers on this Board. Talk about under the radar! Cha Ching!!!!

[Chipaway]

NEWS

https://markets.ft.com/data/announce/full?dockey=600-202409091130CANADANWCANADAPR_C9409-1

Looks like we're now headed in the right direction!

[canthelpit]

RHCCF CHIP ,, I feel the same !! loading all the way at this price and see what happens GL

[Chipaway]

Well, I respect Andrew Davidson & Co.'s hard work and efforts in bringing us from a plan to an actual producer. However, we all have our strengths and weaknesses and I feel that they have exhausted their contributions to advancing us any further than we are. I strongly believe these changes were needed to bring us to the next level and I'm very eager to see what developments come from this and the news releases that I anticipate we will get going forward, rather than the deafening silence or the occasional statements about shares being exchanged or services rendered and company employees selling shares for personal reasons. Of course they're for personal reasons. Who wants to see their investment tank and tank and tank.

Good things are ahead no doubt. We shall see. At .03 this screams a buy. I shall continue o pick up more cheapies and dream of the riches that will be coming down the pike.

[canthelpit]

RHCCF several top managment resigned under preasure of not reaching 100% name plate ,, Andrew Davidson has resigned his position as Chief Executive Officer and as a Director of the Company for personal reasons. Effective immediately Mr. David Young has assumed the role of Chief Executive Officer and has been appointed to the board of directors of Royal.
Royal also announces the resignations of John Styles, VP Engineering and Spiro Kletas VP Investor Relations effective immediately

[Chipaway]

Did you read or hear that somewhere r are you referring to the consultant they mentioned awhile back that was going to be paid with shares?Also, were you bale to pick up any .02's? The lowest I've gotten so far is.03

[canthelpit]

rhccf new managment on the way lets hope for a quik rise in pps ,,, after thursday i need to load a few more

[Chipaway]

Load Up the Truck!!!

[canthelpit]

RHCCF CHIP loading up on tuesday and thhrsday once funds clear,,,,

[Chipaway]

New 52 Wk. low today @ .0319 all the while I'm buying. Thank you. Wonder if we'll see .02's? I bet they taste even better than .03's. Yum!

[Chipaway]

From a 52 Wk. high of .25 down to .03's, while going from a non-producer to a producer with more in the pipeline. I've got my order in for more three's as well. Helium is a critical commodity in the production of Computer Chips, etc. Looking forward to the day we cash out BIG here!!!