Haha same here! If only we could sell eh |
Showing that my holding on ii is currently worth £150k!
If only............ |
open 1.5 - 1.75 |
cheers bb, ill look tomorrow on mine |
Yeah think so I have! |
will we get all we applied for if it was oversubscribed? |
Yeah took £2k in retail offer! |
Bb did you manage to average down? |
Got to be a great punt now with no debt and you can get in at similar price to bond holders who need 4 bagger to just get there capital back! £40m Duyung sale is 7 bagger now |
we have all had a huge haircut, even bond holders.. lets hope its upwards from here |
We live to fight another day, but at one hell of a price |
RNS- resolution passed |
vote tomorrow |
Hi blakie, yes but nowhere near as many as I used to own and my interest is in the cash from mako, not another gamble. |
Sage are you still in Eme also?? Better days ahead there!! |
RNS. The offer was oversubscribed. People filling their boots? |
Anyone know if there is a way to participate if they are with nominees, particulaly iweb?S'pose we are not so far from the raising price ATM. |
Things should start to improve once debt is eliminated and share consolidation next week! |
I am beginning to think that Coro was more lively when it was in suspension. Let's hope that Conrad's 2025 optimism bears some fruit soon. |
The bond holders aren't going to sacrifice 75% of what's due to them for 66% of the revamped company if Duyung isn't happening. |
you would thin Conrad shareholders would be more up in arms. They have halved their investment is a short time...
I guess Duyung will get there one day, but there doesnt seem any urgency/ IMO they are out of their depth.
i wonder if the time extension and retail offer extension is to fund that latest debt coro have of about $1m to conrad. |
I bought Coro for Duyung should have not bothered, its solely dependent on Duyung, if not its gone, look at the price now, IMHO. |
Well spotted Steelwatch.
I suspect that shareholders ought to have been informed of this by Coro and EME rather than finding out about it from Conrad?
Presumably we should also be informed of any penalties that may apply. |
also, from page 6:
As of 31 December, 2024, the Company had outstanding receivables (including interest) from its Duyung joint venture partners ("JVPs") of $1.187 million. As per Joint Operating Agreement procedures, Default Notices (the standard process through which joint venture cash payments are redressed) were issued to both Empyrian Energy and Coro Energy Duyung (Singapore) PTE Ltd on 12 November 2024. By the end 4Q 2024, neither party had rectified their arrears. Subsequent to the end of the quarter, Conrad has continued its dialogue with JVPs to resolve this situation.
Hence one reason for the 9 January fund raising announcement by CORO. |
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