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decent move here today
doing dd
oversold pos
Good call, currently up 33% today, hope people don’t pump & dump
Last two posts on this tread below . They bottomed at 1.08p 5th July 2022 I should of kept more powder dry .
Up 23% today but still below my May buys .
"Topped up Monday 9th May 2022 1.5p 10am
First of 37 buy orders 33 in USA as market tumbled" .
Coopgare how and where do u get the calculations , please share with us all the calls from start to finish and where to look on previous rns news. Really useful to know these calcs as I have Advfn subscription. Regards Mmgames
Blakeboy - Thanks for your considered advice & I am happy to say that I have researched this company as I always do. To me it is not un-investable but there just needs to be a bit more meat on the bones first. Do not buy in haste. As far as Duyong goes this is years away & it's value can only be established if the project is progressed through the commercial steps through to sale. Everyone recalls the recent Jade hysteria, this management only ever gives timelines & estimates which have never been achieved.
Beware of rampers or those that are so blinkered that they can't see hands in front of face.
It depends on what you assume for development cost and time to first gas. Conrad Asia Energy currently assume first gas sales in 2025 so it'll be 8.5% of the development cost spread over the next 3 years. The fact they want to increase their initial production by >340% would indicate multiple wells. It does appear there is infrastructure in the area for them to tie into which is positive. Current price per term is $2.2 to 2.5 so using $1/therm I believe is conservative. I would also expect a much higher RF than 50% (up to 80% for a pure gas play) but again I'm being conservative.
Based on your finger in the wind calculations,how much upfront costs to EME would you envisage?
I've done some rough calcs on Duyung using the P90 volume and a 50% recovery factor. I also used a conservative gas price of $1/therm.
I used a total development cost of $500MM and $2MM/annum OPEX (assuming subsea development) and a tariff of $5/boe.
I get a value of around £0.29/share
Coop
So thats a no then?So we have mortgaged this asset without knowing if it will cover the current dept-good plan ,glad we have a 30 + year experienced vet at the helm of this rudderless tramp steamer.
We all have to wait for Conrad to announce the GSA - hopefully in the near term
bb7, what is 8.5% of Duyung actually worth then?
Gary, 8.5% of Duyung value says Eme won’t go bust. I suggest you do better research
Blakieboy I sincerely hope that you don't lose every penny you have invested here because it's a distinct possibility & it would be a great, great shame.
Any investor who ever takes notice of broker comments needs to wise up.
broker target 10.45
that,s multi baggers from here
Following the plot?! I’d say he’s lost it!!
Gary59 any reason u think EME will go bust ?? Or u not following the plot?
More buy then sell. This will tick up at some point. Also someone bought 1 million shares.
It’s maybe Gary59 topping up?
Some interesting buys this morning, all for £492!
Gary59 in “if company goes bust you lose your money” shocker. Tune in tomorrow for part two of investing for idiots.
Do you lot realise that when this company goes bust you will have lost every single penny you have put in?
I should look outside your houses, find a drain & pour your £1 coins down it, the same result but a little quicker.
The original muppets post disappeared
Who is idiot ?
Those who paid over 10 p/ 13 p. Instead of derisk before the drilling. Results They never learned and who is going to teach them how to play the. Aim shares. Price today is 1.50.p. It is the buying time for everybody. Imhp
I’m a top up muppet, another £500 worth added. I will agree that I’m a muppet if I have to sell them for less than I paid for them.
But I don’t think I will. Time will tell.
Topped up Monday 9th May 2022 1.5p 10am
First of 37 buy orders 33 in USA as market tumbled .