Empyrean Energy Share Discussion Threads

[wooster4] 08/7/2024 23:29

Can you stop that - too much positivity for Jj

[showme01] 08/7/2024 22:29

Not a bad price for a large sell. Bodes well imo

[blakieboy7] 08/7/2024 19:18

6M sell reported after hours

[blakieboy7] 08/7/2024 17:03

Lots of buying this afternoon. Nice 3M buy showing now too

[showme01] 08/7/2024 14:09

Bid going up. 4m sell quote 0.305

[judijudi] 08/7/2024 12:29

They aren’t currently
Only about £7k traded in total up to now
But watch them churn them out on any good news
imho

[showme01] 08/7/2024 11:54

Another small top up at 0.33p. JJ, you should try it! lol
While in my trading account, they will take 5m at 0.2925. Once buying starts on any news, it should be fun. MM's clearly not sat on those confetti shares JJ.

[judijudi] 08/7/2024 10:46

I put “in my opinion”

It won’t reflect true value though will it
Not with 100,000,000’s of confetti shares to churn through
The only way to reflect true value here for shareholders is to divi up any Duyung sale
Imho

[showme01] 08/7/2024 10:22

JJ , I'm all up for debate.The share price has priced in no Duyung progress and certainly no Topaz licence. I accept that CNOCC might have lost faith in EMEs ability to deliver but they have extended it previously and Gas Clouds Gaz clearly has a good relationship hence the award initially. You can't claim if it is awarded, it will be on worse terms. How would you know? Topaz would be a great bonus if awarded, Duyung is my focus as EME clearly undervalued and once terms have been agreed to buy our percentage, at least we can reflect true value. What happens then, who knows.

[crankylad] 08/7/2024 08:26

CNOOC would find it difficult to find another fool to fund the drilling and then if the drills a success hand back 51% to CNOOC. They must think all their christmasses and birthdays have come all at once!

[judijudi] 08/7/2024 08:06

Because it has been extended twice and we cannot be trusted to drill it
The Chinese will want to drill it themselves or give it to somebody who can stick to agreed contracts
The wording in the rns was the clue
“The Company will make a further announcement should its request for an extension be granted”
I read that as we won’t hear anything if it’s been declined (but I think we should be made aware if it’s been declined)
And if by some miracle it is extended then it will be on much worse terms
Also we haven’t any funds to aid negotiations (if req) after (ahem) losing the 2 million
As always I’ll be over the Moon if I’m wrong

In my opinion only

[blakieboy7] 08/7/2024 08:01

I agree. Why would they not want empyrean to extend?

[showme01] 08/7/2024 07:51

They will have the funds to drill it now so why not? The previous extension came after the licence had expired. There is still hope imo. Until we are advised otherwise.

[judijudi] 08/7/2024 06:21

I think it should be pretty obvious
Even for you!

[showme01] 07/7/2024 22:58

JJ, it's a goner. What makes you think that?

[judijudi] 07/7/2024 21:05

It all depends on what he’s going to do with the funds
And you can forget Topaz as thats a gonner imho

[blakieboy7] 07/7/2024 20:16

Anyway JJ you said you'd buy more at a premium when the GSA is signed right?!!

[blakieboy7] 07/7/2024 20:02

That's exactly the point - hence why the current share price is so low due to the unknown

[cmackay] 07/7/2024 19:22

That's fine. When the GSA is finalised we will have a monetary value attributable to our asset.

[blakieboy7] 07/7/2024 19:21

The share price will be a lot higher than it is today regardless

[judijudi] 07/7/2024 17:51

Even when the gsa arrives it will get massively sold into
We have 100’s of millions of confetti placing shares to churn though

[blakieboy7] 07/7/2024 08:32

Blueblood and that's not far off now

[blueblood] 07/7/2024 08:06

Won't need a pump when GSA finally lands!