Energy Pathways Share Price (EPP)

..it's not the volume that causing the sp to drop, anyone else think the placing is coming soon?

So in answer to your question Optiva have stated that EPP need £74,500,000 in FY24.

Correction on the current price, down 2% to 2.45p

Are people sitting on the side lines until the £21,500,000 equity funding (Optiva stated) has been sorted?

Will be interesting to see what interest rate they secure on the £53,000,000 (Optiva stated) debt?

The Optiva brokers notes seems to have gone from EPP X feed. I wonder why 🤣🤣 but I copied the following out of it

Second equity funding of £21.5m during FY24 alone. Debt funding of £53m in the same year.

What I also got from the broker note was

£2m raised at the IPO, but gas production expected to start in LATE 2025.

Stage 1 pre-field development will consume the £2m, stated in the Brokers note.

Stage 2 paid for via strategic industry or financial partner PLUS DEBT, so Optiva Securities, EPP's own brokers state in brokers note

Second equity funding of £21.5m during FY24 alone. Debt funding of £53m in the same year. Note, the debt taking 18 month to pay back FROM FIRST FLOW.

IPO'd at 4p, currently 2.5p.

Sausageonstick regarding funding I believe it says they need £70-£100million but cannot find how much of that will be split via placing and debt.

Do you know?

Line in the results today...

"However the Group's ability to meet future operational objectives through to first production of gas from the Marram Gas Project will be reliant on raising further finance."

It's been said so many times before, first gas as per the Optiva brokers report, late 2025. EPP have admitted they need to raise further finance before first gas production.