Empyrean Energy Share Discussion Threads

[solarfire73] 03/10/2022 13:40

Dropped 8.5%, ridiculous frankly.

[coiin stein] 03/10/2022 12:10

𝐓𝐮𝐞𝐬9837;𝐚Ү58;, 𝐍𝐨𝐯𝐞9846;𝐛Ү38;𝐫 𝟖, 𝟐𝟎𝟐𝟐

𝐓𝐡𝐚𝐭'
19852; 𝐭𝐡𝐞 𝐝𝐚𝐭𝐞, 𝐭𝐡𝐞 𝐎&Ү14; 𝐰𝐨𝐫𝐥9837; 𝐢𝐬 𝐰𝐚𝐢𝐭9842;𝐧Ү40; 𝐟𝐨𝐫....
STAY ALERT

[currypasty] 03/10/2022 10:51

this was from m1sterx on 29 sept

"speaking to a fellow who is taking part in the Conrad IPO, he suggested they have already raised $15m of the suggested $45m from investors close to Conrad, they have embarked on an investor roadshow hoping to raise the balance."


so it opened on 9th, and 20 (or so, depending on when contact actually stated) days later had $15m, out of $45m


It closes this friday. Anyone any info where they are up to now?

[blueblood] 03/10/2022 10:11

So when will they list 20th October?

[bushman1] 03/10/2022 09:30

Timetable Conrad Asia IPO for listing of CDI s on Australian Securities Exchange Prospectus Date. 9 th September 2022Broker Firm Offer. Priority Offer. the Institutional Offer and Public Offer opens. 19 September Public Offer closes. 7 th October Broker Firm, Priority Offer and Institutional Offer closes. 14 th October. Settlement. 19 th October. Issue of CDI s under the Offer. 20 October Expected Despatch of holding statements and allotment confirmation advices ( CDI ' s ). 31 st October

[bushman1] 02/10/2022 10:26

IEA warns of LNG tightening in 2023. " The head of the International Energy Agency ( IEA ) Faith Birol warned that LNG markets in 2023 might be even tighter than this year amidst higher demand from China India and other parts of Asia, as strong Asian growth ramps up the need for more gas " I'd suggest ' fairly soon ' means ' fairly soon '. lol Please DYOR.

[helpfull] 02/10/2022 09:43

Where have you been ?

"fairly soon" means imminent or before the Jade drill or before Christmas(last) or before the New Year(last) or 2-4 weeks or 4-6 weeks or at the same time gas is confirmed at Jade or before the Conrad IPO or not required for the Conrad IPO(now) or after the Indonesian led G20 meeting in November or before Christmas(next) or before the New Year(next) or before the Topaz drill.

Take Your Pick. Contestants are not allowed to say "Yes or No". Opening the box might contain a nasty surprise.

Be careful.

[judijudi] 01/10/2022 17:06

What’s “fairly soon”?
Next week, this month, next month, before Xmas?
The Carrots left out over a year ago are now dust. I can only presume and hope that these new fresh ones will remain fresh prior to munching!

[bushman1] 01/10/2022 09:47

All information read so far though pertaining to IPO is indicative those ' Conrad carrots ' will be munched fairly soon. I will put a few big fresh ones to one side for you. .... Now do cheer up and be positive. !

[judijudi] 30/9/2022 22:13

I actually agree

[helpfull] 30/9/2022 18:58

Tickety Tock! Tock! Tock! Tock!

Sadly a successful IPO without a GSA is not what Empyrean shareholders want to hear. It means there is no lever for Conrad to get that dammed elusive GSA over the line. And the carrot keeps dangling. Conrad can bank the money and take its foot off the gas. And the timelines are not met.

Meanwhile Empyrean still has residual loan notes and cannot or will not monetise Mako. The Topaz drill falls further behind.

Be careful.

[safiande] 30/9/2022 13:47

There is no reason to believe that the Conrad IPO will not be successful particularly considering the asian HNWIs that have been supporting them so far as well as the new financial community. Listing is on 21 Oct 2022 as mentioned by Toon previously. Ticker CRD. Plan is to raise A$55m including A$10m in oversubscriptions. Described in one article as the biggest energy IPO so far in 2022. Can expect a lot of fanfare which will only benefit EME esp if they plan a partial sale next summer at FID.

Indicative Timetable

Prospectus Date

9 September 2022

Broker Firm Offer, Priority Offer, Institutional Offer, and Public Offer opens

19 September 2022

Public Offer closes

7 October 2022

Broker Firm Offer, Priority Offer, and Institutional Offer closes

14 October 2022

Settlement

19 October 2022

Issue of CDIs under the Offer

20 October 2022

Expected despatch of holding statements and allotment confirmation advice (CDIs)

21 October 2022


I am sure that Conrad would of course like to sign the GSAs before 21 Oct but even if the GSAs are not signed by the IPO date, comprehensive info is already available in the prospectus & the GCA report which will presumably be included as part of the pre- IPO roadshow. Once they go public, Conrad will no longer be able to hide behind their current cloak of secrecy.

[currypasty] 30/9/2022 13:43

that sounds like a good case

my worst case would be conrad don't get the other 30m (see earlier post on progress of ipo) , and its pulled. The GSA isnt signed any time soon, loan note holders want money back, we do placing at .7p

[the donald] 30/9/2022 13:40

Worst case from a risk perspective and we have to go it alone with Topaz, a 3-4p dividend and 100p plus upside on top makes a share price of sub 1p very attractive on a risk reward basis imo.

[judijudi] 30/9/2022 09:06

bishop,
Is there a bumper harvest of Liberty Caps this year where you live? 😀

[bishopawn] 30/9/2022 09:01

For all the reasons above the share price will be marked up before market opening after the right RNS.
I still think 5 pence by Christmas could happen.

[10owen] 30/9/2022 08:30

Hopefully when the GSAs finally are rubber stamped they will be at the high end of expectations and could add quite a few million on top of the £40 mil.However you look at it the current share price dosnt reflect Emes value.As has been the case for quite some time we await the GSAs.Gla.

[buzzzzzzzz] 30/9/2022 08:28

It's a potential 5 bagger from here.

But there is a lot of potential risk and a lot of uncertainty.

Conrad IPO will settle nerves IMHO

[judijudi] 30/9/2022 08:28

I would hope for a tad more
Nearer 6p 🤷‍a94;️
But whatever it is the perfect scenario for me personally would be to farm out Topaz for a free carry (unlikely to happen though) sell Duyung give us a divi and let us get out of this hell of a nightmare with at least some funds if Topaz was another duster
If Topaz is a gusher then great. Win win
The rest of our assets I presume can only be worth a pittance
If the above happened TK would end up with £4.5-£6+ mill and the rest of us at least some cash back
Even if we have to go it alone (highly likely) at least we would have a few pence divi after selling Duyung and funding Topaz ourselves
Only my view

[lazarus2010] 30/9/2022 08:19

yeah and approx £40mln/800mln = 5p

[judijudi] 30/9/2022 07:51

Laz,
But there are approx 800,000,0000 shares in issue

[lazarus2010] 30/9/2022 07:46

JJ...first line of my post...current Market Cap = £6.65mln

so £40m/6.65m gives a factor to multiply the share price with.

put another way

£6.65mln = 0.85p
£40mln = X

X= (40/6.65)0.85

[judijudi] 29/9/2022 17:14

bishopawn
What are the nice surprises?
That we sell everything bar Topaz and Duyung for £1000? 😂🤣