Empyrean Energy Share Discussion Threads

[jamesiebabie] 16/3/2022 20:32

Rig is still on location.

[blakieboy7] 16/3/2022 19:10

I disagree. In my opinion this will be quite a bit higher than 9p in the run up to drilling. Duyung news on top of that would push it up further

[lipov] 16/3/2022 19:00

Most likely until duyung news or even when TD is reached, the upper resistance will be around 9p… most likely they will convert all 41m and sell those shares. Plus people will be keen to derisk before Td is reached.

[judijudi] 16/3/2022 18:37

Can’t hold a rise can we
No sign of consolidating on the gains
Let’s hope tomorrow is different 🤞🤞

[abergele] 16/3/2022 16:46

JJ,
yes I agree,,
but most are day-trippers,haaha..g.l.mate

[judijudi] 16/3/2022 15:26

Some chunky selling going through
Silly Billy’s

[jemjem] 16/3/2022 15:15

Surely there are only two circumstances when you exercise warrants or CLN's. It's either when they are about to expire and you want to take them up, or when you want to immediately sell them/or have just pre-sold them. Otherwise you just hang on.

In this instance there is no chance, imo, that the 8p CLN's get exercised when the price is 8.2p, just cos the holder believes the price is about to go up. Why would they? Almost certainly they were pre-sold (and yesterdays trades would support that) and the "paperwork" gets sorted when the shares are formally issued. Not really allowed - but this is AIM wild west.

Imo

[digger2779] 16/3/2022 14:48

It's gawn a bit flat here since Monday. Had my best start to a week in a long time and now back to normality. Hopefully will pick up towards end of week as Duyung is a week closer if what Gaz said is correct. Also wonder how the fraud recovery is progressing?
GLA

[lazarus2010] 16/3/2022 14:30

surely if they are converting warrants at 8p, they expect the share price to go higher. Little point in converting at 8p and selling into the market at below 8p! I am sure they have a lot of faith in EME and expect 8p to be easily broken as we get news of Duyung and then Jade. GLA

[blakieboy7] 16/3/2022 14:23

TK must have forgot to send the bacon butties!!!

[stewart4990] 16/3/2022 14:22

Agreed, seems rather strange after having a long chat with Tom Malcy has not said much about Jade, I also found it odd that after a long chat did Duyung not get mentioned, it must have been but not a squeak by Malcy.

I haven't had time to listen to the interview with Gaz, did he say 2 weeks for GSA, if he did that's very substantial for eme and Coro of course, and nothing was discussed, Gaz mentioned it I understand so why not Malcy.

Regarding the conversion earlier, why convert if they do not expect the price to rise, especially with Duyung, that seems done, yes a drill is always riskier buy Duyung has been done and could be much bigger than originally thought.

I must be missing something with the current price action !!!

Well that's my last post this week, other matters to deal with.

[bskiny1] 16/3/2022 14:07

Agreed Toon nothing in the statement that shows he has done more than the basics and rewritten the RNS...GLA

[blakieboy7] 16/3/2022 14:06

Agreed- where's the detail from his 'long' conversation?!

[judijudi] 16/3/2022 13:48

blakie,
So malcy still doesn’t hold EME

[blakieboy7] 16/3/2022 13:27

Malcys blog hTtps://www.malcysblog.com/2022/03/oil-price-iog-pharos-empyrean-and-finally/

[michmcd] 16/3/2022 13:13

Helpful is just the latest reincarnation of Colin Stein, Brimsley and Rathole. Best filtered. What goes around .....

[seavista] 16/3/2022 13:04

Are you still making predictions after categorically stating that only idiots make predictions? Why would anyone need to take care on the advice of an idiot?

[helpfull] 16/3/2022 12:56

I'm afraid the usual suspects are going to have to mop up these millions of shares if we are going to reach 12p before the drill.

Be careful.

[nametrade] 16/3/2022 12:54

Are we expecting more late reported sells from yesterday as buys outstripped sells by approx 4mill?

[blakieboy7] 16/3/2022 12:03

Well that explains the drop yesterday

[mike the golfer] 16/3/2022 12:01

2m sell just gone through from yesterday.

[thetoonarmy2] 16/3/2022 11:33

My thoughts are that they put £4m into EME at a critical time just like we did! They have no restrictions on conversion and they have no restrictions on selling once converted! Its highly beneficial to EME shareholders that they convert ALL of their stock rather than leave EME with a debt! Its also highly unlikely that they have sold any stock yet as their stock has not been issued nor is it admitted to AIM yet. We had close to 30million shares traded in just 2 days! If they convert ALL its 55 million shares! We will have 26 days of drilling and hopefully 14 days of testing. Chicken feed!Also Duyung soon so I'm not moaning about the conversion and if they have pre sold well it's held up well but they are allowed to trade not just us lot if we fancy and maybe this allows them to lend us more for testing if the VW average is higher

[judijudi] 16/3/2022 11:00

In the excitement of hitting 8p I forgot we had 50,000,000 odd of those to contend with 🙈🤦🏻😩

[begorrah88] 16/3/2022 10:47

The RNS could very well explain yesterdays pullback with a bit of forward selling on the CLN's securing an easy 10%+ return on the 8p purchase price for the Melbourne based participant in the fund raiser.10% return without any future risk on a tranche of their CLN's? seems like good business to me.