People have been saying that for five years.
That's why so much money has been lost.
Be careful. |
Even if Wilson fails, it's still undervalued with EMEs Mako when that eventually gets sold. That's why I've been adding and adding since Wilson, the upside is huge on success but still, if it fails, Mako has got to be worth 0.4/5p as a minimum after debt repaid. Heads you win, tails you win lots . |
If Wilson comes in commercial then even @ 40% of let’s say 10m boi recovery @ $50 bo all in costs…that is some £200m. Add in the mako farm down then eme currently at a 3.5m mc is probably a x 20 and maybe more. Do the numbers!. Could be really huge here if successful at Wilson. The MC of this company is totally disconnected imo and should be at around 0.25p now! and that’s with current risks & awaiting the Mako farm down. |
C.40% of issue traded yesterday. If we estimate the 10% traded today covers the short term traders chasing momentum, that would suggest we may have the 30% in stickier hands. Maybe the bottom before the more gradual rise into the drill at Wilson? Plus potential Mako details. IMHO nai |
Shame it’s not reflected in the share price today |
Another 10% of shares in issue traded today. Impressive |
Jemjem, thanks and I'll take a listen. |
Thanks Jem so must be £15m+ as minimum! |
Rough NPV of $266m over 15 years at 10% discount rate is roughly 50%. So over £100m even factoring in costs and further risk discount would expect £25-30m! |
hi showme.
Tbh, I would be happy with anything north of $20 million combined with success at Wilson.
I am aware, however, of the calculations bs-spotted has alluded to as we have swapped a couple of messages. I know those calculations are based on deductions from an interview mario traviatti gave in november, from which you can get a long way to work out the valuations conrad are considering. Worth listening to from about 5 minutes in where he talks about the sell down etc.
Imo |
Jemjem , what range do you think EMEs 8.5% is worth? |
He's chatting BS |
Eme share is Gas Sales of $266 million and only 10-15 million I disagree with your valuation |
How are you calculating $12-15 million please, bs? |
I guess cos that for the moment the current drag and tag rights are the best option for them. Even then the best they'll get is likely $12-15 million which pays off the debts, excluding the cnooc $12 million claim. will be interesting how this pans out. They desperately need wilson to come good. |
The diluted the hell for 1m pounds. Why dont they dump mako. |
Two thirds of the costs belong to corro as they have a larger share also who's to say TK hasn't got this in hand its not really that significant considering the size of Mako and the farmout is it |
If that is true - begs the question what are they going to do to meet the JVP share of costs on Duyung per Conrad notice?TK has some explaining to do here. Especially on what could put the company into default and risk of forfeiting Duyung altogether.Cash |
Agree not bye |
Maybe regain some of your losses with IQE. Great AI share. |
Mako has been going on for ages why not sell it, clearly eme cant afford it. |
How on earth are they gonna fund this well? |
😂😂 |
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