Empyrean Energy Share Discussion Threads

[goldsworth] 08/12/2024 12:28

Perhaps they are hoping for a T/O from those nice chinese.

[judijudi] 08/12/2024 11:11

Nortust cannot sell 158,000,000 shares (and growing) on the open market
They are after a divi from Mako
imho

[neilyb675] 08/12/2024 11:04

I mentioned 0.5p and should have qualified that would be hit with Wilson news i.e. drill plan and spud date.

Mako sale if that comes in, I think 1p easily achievable and Nortrust know that....hence their loading up at these levels.

[lipov] 08/12/2024 10:38

Judijudi, nortrust would be in contact with management about companies assets and future plans even informal way before buying in.

0.5p easily with Mako sale and commercial first well with clear plan to develop their asset. End of Q1 imo

[neilyb675] 08/12/2024 10:27

Empyrean Energy was notified on 3 December 2024 that Nortrust Nominees Limited now holds 158,000,000 ordinary shares in the Company, which represents approximately 6.2% of the issued share capital of the Company.

____________________________________________________________________________

Personally I would like Nortrust to continue buying and todays price is very opportune for them. Maybe to get to 10%.

I'd be delighted with 0.5p as an exit price.

[lipov] 08/12/2024 10:25

Personally I bought in for Wilson prospect and its development. Mako money after paying off 7-8m debt should be enough for few wells. First well will be quite important to decide if to develop that asset or not. It looks like Nortrust was brought in when discussions around Wilson asset firmed up. Looking forward to see/hear more on details of that new project. CEO will get 5% of EME if first well comes in commercial. Asset is located in Australia, which is another plus.
Lots should be revealed in upcoming presentation.

[judijudi] 08/12/2024 10:14

I do wonder why Nortrust are buying?
Surely they can only be buying for whenever Mako is monetised as I would have thought our other assets are all but worthless imho
They can’t be in it for Eagle or Sacramento and we’ve not got China anymore
So as I’ve said previously I hope they are building a stake to force TK to divi up any Mako left overs after paying off our debts
bwtfdik

[blueblood] 08/12/2024 09:38

Expect Nortrust are looking for at least 1p exit!

[wooster4] 07/12/2024 17:39

Maybe you have loaded up judi - if you have I can’t say I applaud your investment strategy of investing in companies that have a track record of failure and in ones in which you loathe management - each to their own though

[goldsworth] 07/12/2024 17:39

Hi Blakieboy, I've just joined.

[blakieboy7] 07/12/2024 17:28

Gold, did you post under a different avatar before or have you just decided to join advfn?

[goldsworth] 07/12/2024 17:08

For interest's sake, based on 158,000,000 shares, Nortrust have an average price of around 0.20p. Although I have averaged down many times over the years, I still need 1p to breakeven.I hope they stay loyal shareholders for the longterm.

[neilyb675] 07/12/2024 14:24

quite simple the bottom of the market is NOT 0.1 of a penny, would you like some examples or are you capable of looking for company with smaller share prices...?

[birotop] 07/12/2024 14:13

Put your coat on and go for a walk…chill, when you come back explain how you can talk down a company which is standing at 0.1 of 1penny..

[neilyb675] 07/12/2024 14:10

ok Judi alias No.3

[birotop] 07/12/2024 14:05

Neily...get a life…”talking down the company”..at 0.1 of ONE penny, not sure how you do that..lol

[judijudi] 07/12/2024 10:14

How do you know I haven’t already loaded up?

[wooster4] 07/12/2024 10:10

Unless you’ve been averaging down for years your holding must be effectively worthless - time to load up or move on?

[judijudi] 07/12/2024 08:33

Woofter
I’m afraid so
Mostly trapped like every genuine holder on here

[wooster4] 06/12/2024 22:48

Yet you’re still invested judi

[cmackay] 06/12/2024 22:33

I hope Wilson isn't just a volleyball that has been fashioned into some kind of humanoid on a beach somewhere.

[currypasty] 06/12/2024 09:56

surfing season ?