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They haven't been buying though have they. The last lot of shares they appropriated on 26th July was in respect of the so called salary sacrifice. Win win as far as they are concerned. They sacrifice the salary because of poor performance but hey presto reward themselves with shares to compensate. TBH they shouldn't be drawing a salary especially after being scammed for $2 million dollars in December 2021. https://uk.advfn.com/stock-market/london/empyrean-energy-EME/share-news/Empyrean-Energy-PLC-Final-Results/89077482
no news on that little hiccup
Thomas Kelly has increased his holdings up to £400.000. when director's are buying stock in their company it usually means there is some big positive news coming .
Morning. I see the directors have been inside trading in this company with a 8.5% in gas sales since they have been buying I have done the same.
Is the double bagger imminent ,nearly imminent or extremely not really imminent ,but just a ploy in your modus operandi?
I hope they have not been 'swindled' again !
Are the 4 x 8,000 000 deals the salary sacrifice shares?
The only thing i can say about cross stepping down is that he still won't be as cross as me-not by a long way.
Lol 😂
Shocked when i read that the bod where getting salary sacrifice shares ,totally undeserved -they should be given washers.
Double bagger at least then.
The good news is that now the binding GSA agreement has been signed the partners can go ahead with the farm-down process. There was no mention of this in the RNS today (which probably explains the lacklustre share price performance) so let's hope this is RNS'd separately soon. As it has been in progress for a long while now though totally dependent on the GSA being signed first then hopefully this will happen quite quickly.
ATB
Feels like background seller finished
.52p paid this morning
Currently sub .4p bargain
I bet not. 0.30 placing price
Clear MM games
I bet this bags today be and everyone thinks why didn’t I buy lol
$45M which is many multiples of the current m/cap.
Thank you ART123.
I was not sure the actual value this asset is worth. I only assumed it was multiples of the share price.
And EME could do with the cash as they can then get their next South China Sea oil exploration well drilled. Despite having 2 dusters so far you never know. As far as I can remember - and things happen a bit slowly here - the next drill is meant to be the bigger prospect.
Worth around 4p per share imho or thereabouts??
This was previously announced by CORO:
"Conrad has engaged a global investment bank with a proven track record in similar transactions to lead a farm-down process for the divestment of a portion of its interest in the Duyung Production Sharing Contract. The Operator advises bids are expected to be received during the second quarter and the industry response to date has been encouraging. Coro, which holds a 15.0% interest in the Duyung PSC, may participate pro rata in the farm-down process as various drag and tag along clauses exist in the Joint Operating Agreement. Coro may also entertain a full exit, depending on the terms offered."
I think that CORO has a sell-down value of around $80M and that would give EME a sell-down value of around $45M which is many multiples of the current m/cap.
Thank you ART123 for you input.
I am hoping for a big pay out.
Production is due to be financed by selling down the asset, with Conrad Asia owning the bulk and EME and CORO as the junior partners, with both guaranteed a pro-rata sell-down, though the general plan is probably for EME and CORO to sell their complete holdings. CORO is the more attractive deal, with a lower m/cap than EME and nearly twice the holding but CORO is currently suspended.
This has taken so darned long to get this far but the sell-down stage, which has been underway for ages, should be completed a bit quicker as this is already a year late for getting into production. There should be another RNS soon with details of the sell-down plans.
1.0 - 2.0 pence
Quite a big fund raise???
have you taken the time to read the rns??
this is the biggest news in the companies lifetime
This is going higher. Its transformational for the company who now wants to attract a buyer for its stake. Much easier now.
I bought some of these shares last month - at the time it seemed to be a poor trade but decided to stick with it… glad that I did.
GLA
They are out of cash, so will be quite a big fundraise down here
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