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"The second phase of exploration requires the payment to CNOOC of US$250,000 and the work obligation is the drilling of an exploration well within 2 years"
2 years!
Plenty of 'jargonese' but little substance on the means of well financing and paying off the outstanding debts ,not to mention the $250,000 for the priviledge of drilling.
They are all bad days & will continue to be so for this share.
By the time they get round to drilling it will cost $450,000 with no guarantee of any success, now tell me this is a sure fire winner. It'll be less than a penny share soon & the reason is ... no-one wants them.
Stuck up the Yangtze without a paddle.
Just signed up on this site.. Any sign of that $2mil turning up?
How sad do you have to be, to be rpg7 or Gary59,stuck on here day after day ****ging this off?
Do they spend the few minutes of the day they have spare gathering round car accidents saying " you should have stayed at home shouldn't you..."
Can we have a whip round to get enough together to buy them a sandwich and a Koolaid so they can f coff?
Helpfull, DiaryBeach and Colin Stein from ADVFN by any chance?
Aimgambler,
Your nom de plume speaks volumes. What makes me sad is reading inarticulate dross.
Just trying to bring a bit of realism to your sad life aimgambler, your heading for a total loss with this one.
You should look realism up in the dictionary muppet.
RPG - AimG won't know what nom de plume means, another trip to the dictionary muppet.
Obviously very bitter because he / she was gullible enough to buy these & other AIM stock hoping to make a quick buck & is watching the invested dole money go down the drain.
Sad but Aim the Muppert shouldn't be allowed to be in charge of a piggy bank let alone have a trading account.
At least we may get a free sandwich if the whip round is a success, ha!
''If a binding GSA is not entered into with regard to the Mako Gas Discovery in Indonesia on or before 31 July 2022 the Lender may redeem the Convertible Note at any time thereafter, in which circumstances the face value of the Converible Note will be reduced to £2.67 million''
Three weeks left ,incuding weekends. Not a word as yet?
Mr 30 + needs to learn to play the lyre.
19 days left (including weekends),better get them 30+ years into gear.
We need cash to maintain the loans we have so where is the extra cash to drill coming from?
Answer - More shares will be issued thereby diluting your holding & reducing the SP OR they will borrow more thereby reducing the SP.
EME & the AIM in general is a game for the patient & those with money to burn cos that's what's going to happen.
If /when they hand the cap around who's going to buy .Isuspect it will be like buying confetti,not from me i'm afraid unless there is a bod transplant.
How many shares does TK hold, 88,888,888 ? Gaz, I'm not too sure, but a substantial number as well. How many - substantial - fellow shareholders don't think TK and GB will be busting their balls to get Topaz drilled ? Rhetorical question btw.
Sadly this is just a penny share with a small hint of profits & there are a lot of IF's attached to that possibility.
I feel sorry for those that brought at over 10p & who are sitting on 90% losses, not helped by those rampers spouting rubbish of quick, astronomical profits. Fools & there money springs to mind.
Please don't buy more of these until there is concrete positive news, if you do before any you are just throwing good money after bad. THE AIM IS ONE BIG GAMBLE.
The value of the Mako gas discovery has been enhanced ,not by eme. but by world events.Looks to me that this will be to no avail because the company has thrown everything but the kitchen sink at the last drill .Think we are in a race to the bottom, All in my opinion.
An interesting post by ' sue999 ' on the other forum, hope won't mind my sharing here for thoughts as well ? '' One important point is that Conrad Energy which is a private Ltd company plans to go public in 2022. The IPO will be for the Australia, and before they do this they need to give a realistic valuation of the Duyung which they own 76.5%. This can be done before the end of the year?! The value of EME's 8.5% could be higher than estimated after the IPO. The longer EME can sit on the asset, the better value can be released.
Conrad aims to start Feed work on the development plan and that would also increase the value of the asset. Can the three companies merge. Coro, Eme and Conrad and develop the asset. ''
Kalahari11, you are stating the obvious, the problem is eme have to be sorted by next week .'' If a binding GSA is not entered into with regard to the Mako Discovery in Indonesia on or before 31stJuly 2022 the Lender may redeem the Convert Note anytime thereafter'' So good luck with that one