Royal Helium Ltd (RHC)

wrote it off as a loss everything else is a bonus

For the 4 followers here, including myself, it looks like we may be in the money before the end of the year. Possibly as soon as the end of Summer?

You all need to read up on AirLife Gases, the new majority owner. We are in GREAT hands and will be going places before you know it!

We could have lost our shorts in the Bankruptcy, but it's looking like in the end, this is going to be way better than it ever would have been otherwise!

If I only knew then what I know now, I would have bought a crap load more shares at .0002!!! Still, I've got my fair share. GLTA

May I ask how you acquired this info, I've been emailing & phoning Royal Helium, Keranic, North American Industrial Gas & Airlife Gas without a response from anyone. I'm trying to find out when they will be listing/relisting in the TSXv?

We are working towards relisting and we will be renaming as AirLife Canada

It's in the process of being re-listed.

RHCCF: CUSIP suspended. FINRA deleted symbol

https://otce.finra.org/otce/dailyList?viewType=Deletions

This is what I was told at the beginning of Feb. "We are in the final process of post closing formalities and working diligently to get the plant restarted".

You would think with the price of Helium and the lack of production in Qatar that this would be a priority. We shall see?

Anybody communicate with the reorganized company?

Looks like we're up and trading again after the R/S Bankruptcy Buyout was completed recently. According to the news release, we are intended to be back into Helium production within weeks of the deal closing with an expected Name and Ticker Symbol in the works as well. We shall see. So for, so good. Everything has happened according to plan. Looking to go vertical soon!

This is no small Company. It's a big deal!!!

https://airlifegases.com/

AirLife Gases Announces Strategic Investment in Royal Helium Inc.

https://www.newsfilecorp.com/release/271278/AirLife-Gases-Announces-Strategic-Investment-in-Royal-Helium-Inc.

Unless my math is off, this is great news! At a new subscription rate of .50, this would end up being a 100% gain over what I bought at. Things are looking up!

8 for 1 Reverse Announced!

https://www.newsfilecorp.com/release/263362/Keranic-Industrial-Gas-Announces-3.6-Million-in-Strategic-Investments-Led-by-a-MultiNational-Helium-Supplier-and-Enters-into-Definitive-Amalgamation-Agreement-for-the-Reverse-Takeover-of-Royal-Helium-Ltd.

"(C) the completion of the consolidation of the existing common shares of Royal Helium on an 8:1 basis;"

I'm thinking that our shares, along with previous managements who are behind the acquisition will be converted to Keranic Industrial Gas shares. Probably not on a one for one basis though. We shall see. Here's and article from June that lays out the game plan. If our shares are converted, I believe we will do very well as production kicks into gear. If our shares are not converted, it's possible that we could become a subsidiary of some kind or sold as a shell company that could turn into who knows what. Wish I could have gotten some yesterday at the low of .0001 Closed out at .0038

Looks like somethings up this morning. 71,650 shares traded at .005 and now trading has been halted, at least on Fidelity. Somethings in the works?

we traded but at a lower value,, something better than nothing ? to be seen

Looks like we Traded today!?!?

Not sure where we stand in the acquisition though.

BIG News out!!!

https://finance.yahoo.com/news/keranic-industrial-gas-announces-3-173700785.html

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

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

Eagerly awaiting the outcome. I'm cautiously optimistic.

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

It could possibly be good news if taken overand still operating

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

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.

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.

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............................

Bankruptcy Update:

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

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

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.

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

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

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.

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

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.

Do they have anything going on

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!

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

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?

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

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?

rhccf hope someone bites on the ask $ 800.07 lol

Hmm, yes. didn't see that.

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.

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!!!

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.

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

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!!!!

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

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

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.