RE: Not normal14 Aug 2025 19:18
Hi Spodulike, is there any chance the whole thing could collapse? I've put all the numbers into GGP and that says:
Farm-out fails or drags on
If Conrad can’t close a deal, or the terms are poor, the market could reprice EME back to asset-holding value only, which is near zero in cash terms.
Financing risk
EME has no production revenue and relies on placings — failure to raise cash on good terms would dilute heavily or force a halt in operations.
Placing overhang
The £1m placing at 0.08p still has churn left. If sentiment sours, those shares could be dumped below placing price to exit quickly.
Regulatory or political shocks
Although the GSA is signed, changes in Indonesian policy or delays in infrastructure construction could push development back years.
Commodity price risk
Gas price collapse would reduce project economics, making farm-out partners demand lower entry valuations.