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Dip there if you want in before breaking 0.125 imo.

Think 0.34 is achievable, these were trading in pennies.

https://x.com/SerialInvestor8/status/1946483920410673218

See this moving to 0.085 without news and then 0.1+ thereafter. Though should already be trading much higher considering the demand for their DMS grade Magnetite. Updates on these large offtakers and production should land soon.

Think we maybe getting news very soon, could be a background buyer here as seem to be taking it up on every trade.

Starting to build

Stewart taken from 2nd May 2023 rns

The Mako gas field is the largest undeveloped and fully appraised gas field in the West Natuna Basin. Gas is exported from the basin by pipeline to Singapore. The competent person's report commissioned as part of Conrad's IPO late last year estimated that Mako would generate gas sales of US$2.4 billion net to Conrad's 76.5% interest (~equivalent to US$266m net to Empyrean).

£196.42m correct value not £198.4m for 8.5%

Their 8.5% is worth £198.4m would expect them to get way over 1p worth in sale.

Think we could see 0.2 by end of week and head higher next week. Wouldn't be selling these too soon imo now that placing out of way.

Those who sold because of deramps thats on you. Dyor and be confident in your investment. Back above 4p shortly and beyond.

Looks like they want to let this go, moving it up on barely any volume. Imagine when volume comes in.

Which fools are talking about placing to scare people into selling when they just raised £2,467,000? Some clearly missed out but the selling is providing opportunity to buy for those who are looking to take position. We have further board appointments coming up and btc purchase news so don't fall for those who sell and become negative and those who have nothing better to do and go round every board talking about placing.

Now that we have 5,719,672,441 shares in issue the 8.5% $233m is equiv to £198.4m would be a sp of 3.46p.

30m mcap would give us share price of 0.53p. Lots of upside from here imo.

I think the placing shares were forward sold, thats why they weren't letting it go beyond 0.125 the other day and lots of delayed 10m tranches which now makes sense

Lovely should see these back into 0.1s tomorrow and beyond

Looks like this might turn blue soon

"By directing investment into key infrastructure upgrades and mining operations, we are positioning ourselves to meet both the volume and quality requirements of larger offtakers. The development of our DMS processing plant and associated mining activities is progressing in line with our expectations, and we remain focused on increasing both production capacity and operational efficiency in the near term."

Market demand for our DMS-grade magnetite both from within the South Africa market and from nearby export countries is exceeding our current processing capacity. We are therefore looking to ramp up processing capacity through the acquisition of an additional larger mill and associated equipment. In addition, demand is also emerging for unprocessed Run of Mine ore, requiring investment in preparation for meeting demand

Offtake agreements for the DMS grade magnetite product are at an advanced stage, and we have potential to sell significant quantities into Mozambique, as well as locally in South Africa, where we are currently in the bidding process for a tender

Lots of demand here and buyers are taking advantage of any dips. 5p going to be taken out again and move higher this time.

Ha spitfire, that makes the free float less than 20%.

Abit of drop this morning but see this going again in the afternoon GLA.