London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Looks like someone is someone is loading and trying not to affect the price, regular big buys once buying pressure falls.
A few obviously got lucky last week and are selling today
Hi Jasper, have you ever worked out how much Coro’s 15% share is worth?
up 30%
iParsnip....I have 3p in sight when GSA signed. And then depending on what Tom updates the market with in terms of strategy and lets say there's an acknowledgement that EME share is up for sale, could see a run to 5-6p.
What could that do to the SP Jasper13?
GSA announcement imminent > FEED study to be commissioned > potential full sale/part sale of EME stake in Duyung ($15-20m) > funds used to drill Topaz. This is by no means a dead end play.
The spread is 15 %
25% up on AJBell
Few trades already
I wonder ?
Good start today. Conrad up overnight. Coro battling with big seller still. Interesting few weeks ahead.
More of the same or back to Wednesday?
Conrad Asia latest presentation (1 Feb) state that the 2C resources (net to them 215 Bcf) deliver them $2.4 bn in revenue . That’s $11.16 per Bcf.
Post tax NPV10 of $442m
EME would net 35 Bcf x $11.16 per Bcf = $390m in revenue.
Post tax NPV10 - $71.7m
Shares in issue - 788m that equates to a share price of 9p.
Seriously under valued and all for just 1.25p!!!
Market might wake up when GSA signed.
I would be astonished if Empyrean have not monetised their 8.5% stake in Mako long before 2025. Its as good as in the bank, only variables are when by and how much - and with the Conrad presentation we have an opportunity to guesstimate from their figures. Considering how oversold eme has been, today is just the start of getting back to a fair value imho nai dyor
any gas sales agreement is just that, agreement ! similar to offtake.
will only kick off from gas production, from 2025.
any rerating will be short live and traders will be taking profits. they wont wait till 2025 !
Way, way, way more shares in issue mind
I'm surprised CORO did not go higher than EME, CORO have a 15% stake in MAKO gas project compared to EME's 8.5%, CORO market cap is also half that of EME.
CORO is up 16.67% now so maybe it is just a reaction to the presentation from Conrad that is linked in the post by Jasper13 at 09.52am today - but even so a rise of up to 88% seems a little on the strong side, especially as the EME management couldn't be bothered to even mention the Conrad presentation.
Great volume
Something going on. I think the Chines want us.
Coro up but only by 8.33%. Sometimes these rises come just before a placing but not usually by this much.
I only got these on Monday...about time I made a profit...hope I haven't sold too quickly..they are already past they 1.6 I sold at
Good luck all
Or Shell?