Empyrean Energy Share Discussion Threads

[blueblood] 13/11/2024 09:46

Only thing the BoD have ever multiplied tenfold is the sodden no of shares in issue!

[odillon] 13/11/2024 08:33

Proxy votes on inter alia whether or not to agree to the admission of the new shares need to be in by 10 a.m. on 28 November

[judijudi] 13/11/2024 07:04

2,550,092,441 shares in issue now with a share price of 0.10p ish
Well done Kelly
What a superb job of being our CEO you have done 👏👏
Exemplary performance and highly accomplished
We have been so wise as investors to support you over the years 🤦🏻😩🤢9326;
Imho

[bs_spotted] 12/11/2024 21:30

Well worked out sherlock. Great detective work.
Except you have to be a blue poster to be able to mark down and none of those are.
Teehee

[showme01] 12/11/2024 21:07

No coincidence eh!

[odillon] 12/11/2024 19:37

Excellent Showme - 4 TK board-names suggested, 4 mark downs.

I now suspect your board name to be an abbreviated SHerlock OWMEs

[odillon] 12/11/2024 16:56

Has anyone had any documents through with regard to voting? I'm with Barclays and there's nothing there yet.

[the stinger] 12/11/2024 16:12

The 50% taker will want an share price well above 2p ! X20… and it could even happen here. Nothing in this market would surprise.

[showme01] 12/11/2024 15:53

Haha. Right on cue.

[showme01] 12/11/2024 15:47

Why do you think I get marked down each time say it ?

[showme01] 12/11/2024 15:46

Take your pick Curry, WhipsawTom, MrBlobby and Saf.

[currypasty] 12/11/2024 15:44

does Tom post on here ?

[showme01] 12/11/2024 15:22

Thanks for that BlobbyKelly

[mrblobbythe2nd] 12/11/2024 15:11

For those not familiar with this type of capital re-organisation (it is not a consolidation) I believe there will be no change in market access to the stock via various brokers, some brokers take up to a month to re-organise themselves when there is a consolidation, this means you are effectively locked in and cannot trade.

I noticed that there appears to be many takers of stock around current levels via the market, this bodes well, it would suggest whoever took the placing stock are not your usual 10% flippers.

The share price could rally significantly on the right news-flow therefore.

[odillon] 12/11/2024 14:55

But these are potential shareholders Curry - They don't have a vote yet. If existing shareholders are not keen on the idea then they can vote against it.

Here is the pertinent extract from the RNS

"Completion of the Fundraising and Capital Reorganisation is conditional upon, inter alia, Shareholder approval at a General Meeting to be held on or around 2 December 2024 (the "General Meeting"). A circular containing further details of the Fundraising, Capital Reorganisation and Notice of General Meeting is expected to be despatched to Shareholders by 12 November 2024."

[odillon] 12/11/2024 11:25

Isn't the Wilson project subject to shareholder approval? If that is the case then it is possible it won't go ahead.

With regard to Topaz I cannot see any headway being made there. CNOOC are claiming $12m from EME (as set out in a rather hard to find manner in the 1 October final results) so the parties are in dispute and I cannot see CNOOC trusting EME to deliver in the future what they have failed to deliver in the past. If it is such a good prospect, I'm surprised that CNOOC are not exploring it themselves. They have been finding plenty of oil elsewhere with their own explorations.

The concrete positivity is, I believe, in a Mako cash pay out.

[currypasty] 12/11/2024 11:19

yes but once we get the money, we can sell out and walk away

[showme01] 12/11/2024 11:03

Odillion, TK has made it quite clear that Duyung money will be used for exploration and he has demonstrated this by this new 'Wilson project' where he is prepared to dilute shareholders including himself heavily for this project. I'm guessing had the Duyung money landed he would have used that instead but this clearly lays out his plans for the future. If we can get back into Topaz with Duyung money, that could really be exciting.

[judijudi] 12/11/2024 11:00

Odillon
👏👏

[showme01] 12/11/2024 10:59

Jo, congratulations! Back for a second time :-)

[odillon] 12/11/2024 10:44

Curry, in the EME dictionary "near term" could mean many years. The Wilson rhetoric is not dissimilar to the Jade rhetoric and that came to nothing.

There's equity in Mako though and my preference is to make the most of that via dividend payments and step away from the brink of more funding of pipe dreams.

[jostrummer] 12/11/2024 10:39

I did hold many years ago. 22 pence in old money until 147p if you can belive that, first ever winnings

[birotop] 12/11/2024 10:35

“Change of address” ………;let’s hope they have told their bank, don’t want any cheques going astray..

[showme01] 12/11/2024 10:07

Great, we have a member of The Clash holding EME