Rafex Gold Corporation (PK) (RAFX) News

This remains the dumbest reverse split I have ever seen. Especially now that they just issued shares to their execs so their outstanding shares are now over 41 million per today's filing. Smh

$RAFX Richard Chiang listed on board, 560,017 OS.

It is also a Shell, likely the reason Richard is on the board. Suspect much of the information below is in play. Looks like a Natural Hydrogen play, time will tell.

In a nutshell, 3 companies involved here and only one - $RAFX is a public company in the US where there is just shy of 4,000 acres of exploration leases to extract Natural Hydrogen in the JD and Russell Brimage looks like the linchpin.

1) $RAFX Shell status - US OTC public company - https://www.otcmarkets.com/stock/RAFX/profile
2) $HYT Active status - Australia ASX Exchange - https://hyterra.com
3) Natural Hydrogen Energy LLC - http://nh2e.com/

Russell Brimage is President of $RAFX and has leadership roles in other companies as well. Last August he was listed as a Non-Executive Director (Proposed) for on (ASX: HYT). As of Nov 2022, he is now the Non-Executive Chairman of HYT. A potential Natural Hydrogen RM of sorts into RAFX is a high probability. https://hyterra.com/home/#management-team
Appointment of Russell Brimage as Chairman
The Company has appointed Russell Brimage to the role of Non-Executive Chairman. Russell has over 40 years’ experience in the upstream oil and gas industry having managed all facets of operations, from exploration through to production. He has served in the capacity of Operations Manager and CEO on several ASX listed entities since 1997 and is currently a Non-Executive Director of Lion Energy (ASX: LIO). He is a Director of Neutralysis (acquired by HyTerra) and has been involved in natural hydrogen development activities in the USA with the Company’s joint venture partner since 2020.

HyTerra will significantly benefit from his wealth of expertise during its upcoming natural hydrogen testing operations, as well as future exploration activities. Commenting on his appointment, Mr Brimage said: “I am delighted to have the opportunity to bring my upstream energy experience to the development of natural hydrogen and I look forward to working with the HyTerra team and our JV partner in pioneering a new and exciting industry”.
https://static1.squarespace.com/static/61d45be50ebc296e7032ac4e/t/637acab159ef4a4cdc7ab3ad/1668991670388/HYT+Corporate+update+and+director+appointment.pdf
Then there's the third entity, Natural Hydrogen Energy LLC that appears to be in play as well as a JD... "HyTerra has acquired a 10% interest (and the right to earn up to 51%) in a Joint Development Agreement with Natural Hydrogen Energy LLC. The Joint Venture includes the worlds first wildcat well specifically targeting natural hydrogen (Hoarty NE3) as well as 3,891 acres of exploration leases across Nebraska and South Carolina. The Hoarty NE3 well and surrounding lease holdings are located near Geneva city in Nebraska, USA and are known as Project Geneva. " https://hyterra.com/home/#projects

With the oil roadblocks, the focus on Green / renewable energy, the benefits of Natural Hydrogen and Helium concentrations that can come with Hydrogen, very scarce resource and its reserves are limited. Demand is growing faster than current supply http://nh2e.com/. The hydrogen extraction process can leverage previous work on fossil fuel drilling is my understanding as well.

Hyterra puts Natural Hydrogen in perspective...
The urgency to decarbonise has created unprecedented political support and business momentum for hydrogen. HyTerra aims to capitalise on this opportunity by accelerating the development of natural hydrogen, an inexpensive, clean, and sustainable source. A successful hydrogen well has the potential to produce for decades and at a lower cost than renewable energy and electrolysis (green hydrogen) or via extraction from fossil fuels (grey hydrogen). https://hyterra.com/home/#projects

HyTerra Investor Guide | Introduction to Natural Hydrogen
https://static1.squarespace.com/static/61d45be50ebc296e7032ac4e/t/6386cd9ffea9e744068fb87a/1669778857787/Introduction+to+Natural+Hydrogen_HyTerra+Ltd_December2022.pdf

Hyterra Corporate Presentation
https://static1.squarespace.com/static/61d45be50ebc296e7032ac4e/t/638df99972bdd40bd74ccc14/1670248901741/HYT+Corporate+Presentation+061222.pdf

Effective Oct. 21,2022 SAKHD will change to RAFX:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Still holding the majority of my shares. We'll see what happens. Hope we get some more info on the new company soon.

Sakha Enterprises Corp. changed to Rafex Gold Corp. and a one for 100 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

Wonder who’s buying here and why with a huge rs coming :( …someone know something?

Anyone know when rs is going into effect?

From .15 to .0221 in 2 days. Absolutely ridiculous. Market cap now barely over $1M. Split or not I think this is a bit overdone. What would happen if they canceled the RS at this point? (Not that I'm expecting that) but seriously this is priced for bankruptcy rather than a new business. Majority of the free trading float already traded.

does any know that the new name from sakh to rafex gold is that the new company that is merging in to sakh

sakh name change to rafex gold is that the name of the new
company and des it trade

Painful day here god I hope they put a billion dollar company in this

https://wyobiz.wyo.gov/Business/FilingDetails.aspx?eFNum=061161124055017044054134212127240155119031175222

Look under history: Name change and other

SAKH

Where can I findsthe news for the RS

Agree, with the soon to be ss any good news and it will soar.

I'm holding through this. I have officially decided.

Damage is already done. I'm still digesting all of this. I'm hoping they have a plan in place moving forward.

These incoming execs have 40 years experience I imagine they aren't as dumb as this looks at face value. Hope they have some sort of plan.

Is there any point to hold through something like this? I mean I'm down huge at this point

Yeah too bad, I was in MCAP when they announced a RS with an already tiny ss and decided to hold and see what happens and ended up making money hoping same here even if it means breaking even better than a loss, we’ll see.

Unless they want to list on the nasdaq it literally makes no sense

Why would anyone want to take the OS to 560,000 shares? That just seems wild to me. Any idea what they're line of thinking with this rs is? What is the point

Unbelievable smh

Thanks

RS 1 - 100

Sure has except not the right kind lol

Bid 2 cents.

Anyone know why the sell off?

All in on this. Easiest hold in the OTC

W/Russell Brimage as Pres, CEO, Chair of $SAKH and listed on (ASX: HYT) as a Non-Executive Director (Proposed), keyword = Proposed, a potential RM marriage appears may be likely.
https://www.otcmarkets.com/otcapi/company/financial-report/342448/content
https://hyterra.com/home/#management-team All speculation at this point, but allot of dots to connect.

Then there's the third entity, Natural Hydrogen Energy LLC that appears to be in play as well as a JD... "HyTerra has acquired a 10% interest (and the right to earn up to 51%) in a Joint Development Agreement with Natural Hydrogen Energy LLC. The Joint Venture includes the worlds first wildcat well specifically targeting natural hydrogen (Hoarty NE3) as well as 3,891 acres of exploration leases across Nebraska and South Carolina. The Hoarty NE3 well and surrounding lease holdings are located near Geneva city in Nebraska, USA and are known as Project Geneva. " https://hyterra.com/home/#projects

With the oil roadblocks, the focus on Green / renewable energy, the benefits of Natural Hydrogen and Helium concentrations that can come with Hydrogen, very scarce resource and its reserves are limited. Demand is growing faster than current supply http://nh2e.com/. The hydrogen extraction process can leverage previous work on fossil fuel drilling is my understanding as well. That, plus $SAKH having a low OS and a 3 million share float, had to take a position here.

Natural Hydrogen is new to me. Hyterra puts it in perspective...

The urgency to decarbonise has created unprecedented political support and business momentum for hydrogen. HyTerra aims to capitalise on this opportunity by accelerating the development of natural hydrogen, an inexpensive, clean, and sustainable source. A successful hydrogen well has the potential to produce for decades and at a lower cost than renewable energy and electrolysis (green hydrogen) or via extraction from fossil fuels (grey hydrogen). https://hyterra.com/home/#projects

That's my hunch as well. The timing sure looks like that's what it's setting up for. I found this blurb on Fresh Equities site regarding dual listings:

"How do companies Dual List?

Listing on a secondary exchange requires the company to IPO on the second exchange."

This could be accomplished by the reverse merger of the shell. The big claim to fame then would be the recent joint venture Hyterra entered into with Natural Hydrogen LLC which would give them access to 2,720 acres in Nebraska and set them up to be a pretty exciting exploratory hydrogen company.

I bought a bunch more yesterday after connecting some of these dots. I'm still speculating here on this scenario obviously but I think it makes sense.

new ceo is tied to a 2$ nasdaq seen here HYZN https://www.listcorp.com/asx/lio/lion-energy/news/lion-enters-into-mou-with-blk-auto-2627309.html

both of companies Lion and neutralysis, are connected neautralysis is becoming Hyterra, float locked and nobody selling

https://prnt.sc/GgI0oi03xsN6

Thanks for info …wouldn’t that be great! :)

CEO and CFO both linked to Neutralysis Industries in Australia. Looking more and more like this is going to be a hydrogen play.

Adding what I can…looking forward to seeing where this one goes, hopefully news soon

all the dd pointing to a hydrogen merger

Another accumulation day, building higher base. Anticipating merger news.

SAKH

Let’s go!

Technically controlling block has already transferred to Rafex Pty Ltd per most recent filing. The question is, what are they going to be as that's a privately held company. Very interested to see how this develops.

Agree. Keep seeing strong indicators this low float shell is about to be acquired.

SAKH

Agree. Keep seeing strong indicators this low float shell is about to be acquired.

SAKH

Could get exciting

Quarterly Report. Final page: Preferred Stock 100k shares "In May 2022, Tech Associates Inc. transferred its shares of preferred stock to Rafex Pty Ltd" Aussie company. New listed President is an Aussie. FWIW

SAKH

Somebody keeps picking up shares here...

Creeper and nobody watching it. Love it. Hope we keep moving up without anyone noticing...

Quarterly Report - For the period ended June 30, 2022
https://www.otcmarkets.com/stock/SAKH/disclosure

Added a small pile here. This can turn out to be excellent.

Annual report filed yesterday with Wyoming. Filed early and lists new officers.


SAKH

Looking interesting now..

Bid is up

Actually check that. Less than 10% of the float at 3.5 mil. Still hoping for some good things here. Was just having an impatient moment as I was fairly confident we would get an update by now.

Maybe will move forward tomorrow or next year. Based on minor updates, chance shell will be sold soon but only speculation. I'll continue to hold some but not alot.

SAKH