CORO debt write off, funding and consolidation meetings today. Hopefully see some move up from gutter levels over there soon. Duyung must be close to get bondholders to agree those terms |
Bit of consolidation is good thing. Higher lows |
Can't see this falling much more tbh. |
I think 0.3 is more likely. We have had no PR or brokers note to show the potential to a larger audience |
Simply churning through the remainder of the latest 650 million placing shares.I think will see 0.2p+ this February |
Logic and fundamentals only appear to come in to play when stocks begin to slide. When there is forward momentum, the casino comes in to play and logic is out of the window! Let's just see what happens... |
Don't miss the boat here, news is coming, the share price will soon be in the .20p's and on to the .30p's +
Ignore the naysayers. |
Oh no, please stay.. |
😂😂 |
Time for the filter button. |
Correct 👏👏
But the valuation of assets is offset by our debt
To get a true picture of our situation or value you can’t have one without the other
Even you should know that! |
If you care to read what was posted by Transact, it was a valuation of assets, not a valuation of EME. |
Show - he’s apparently been a realist every day for 20 years. Beggars belief what some people get off on. |
Don’t be such a pathetic Goon and grow a pair
I’m not trashing I’m being a realist
Instead of back slapping every slightly positive post without any thought if it’s correct or not and wailing like a baby when I post my genuine thoughts why don’t you look at the facts?
Answer me this Einstein:
Do the figures mentioned earlier take into account our official huge debts?
Simple question for you
A yes or no will do! |
Err clueless W⚓️,
I’m not on about China
That didn’t enter my thoughts
I was just thinking about our monstrous official and confirmed debts!
However since you mention the 12,000,000 regarding China 🤦🏻 |
Disputed debt you top W ⚓️ |
Thanks transact - future could be v bright |
Transact,
So Mako is only worth just over half a pence to EME according to those figures?
A duster at Wilson and we are valued at 0.0062
And the figures above don’t take into account our monumental debts, so really they are not a true picture are they?
imho |
Great overview Transact. A broker note would be very well received too but good to see some thoughts on value with Mako and success at Wilson next month. |
Wilson Drill...Low case scenario (8.7MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.NAV - 10 year field span/10% DCF/40% share to EME = $47.9m NAV - £0.0119pMean case scenario - (21.3MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.NAV - 10 year field span/10% DCF/40% share to EME = $92.6m NAV - £0.0231pMako....NPV10 of US$49m (Sept 22 RNS)£0.0121pBuyer willing to pay say 50% of that value - £0.0062pSo Wilson low case £0.0119p + Mako £0.0062p = £0.0181pAnd today we are at £0.00165p!!Thats 11x value compared to today..........So Wilson mean case £0.0231p + Mako £0.0062p = £0.0293pAnd today we are at £0.00165p!!Thats 18x value compared to today.......... |
Wilson Drill...Low case scenario (8.7MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.NAV - 10 year field span/10% DCF/40% share to EME = $47.9m NAV - £0.0119pMean case scenario - (21.3MMBOE) - 50% recovery factor/$44.80 gross profit per barrel (based upon Bass Oil Worrior & Padula field - Cooper Basin.NAV - 10 year field span/10% DCF/40% share to EME = $92.6m NAV - £0.0231pMako....NPV10 of US$49m (Sept 22 RNS)£0.0121pBuyer willing to pay say 50% of that value - £0.0062pSo Wilson low case £0.0119p + Mako £0.0062p = £0.0181pAnd today we are at £0.00165p!!Thats 11x value compared to today..........So Wilson mean case £0.0231p + Mako £0.0062p = £0.0293pAnd today we are at £0.00165p!!Thats 18x value compared to today.......... |
Big buys went through at the end |
Me too. No duster = 2p |
Wouldn't want to be out of.... well, you know the rest 😂 |
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