The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
CORO, who have a 15% steak in Duyung have and investor presentation on Thurs, so at the very least I'd expect some sort of update then.
I guess best case scenario would be RNS's on Thursday morning with full details of the GSA .
December was the target. However we have encountered the worst seasonal weather in 10yrs. that's completely out of EME's control.
If EME hadn't put a target for spudding they would have got completely slated.
Clearly investing isn't for everyone
Anyway weather looking really good this week, so it's all positive
Neil Hutchison, Chief Geologist of Mila Resources, commented: "The last set of drill results returned the most consistent and best overall gold intersections I've seen in my 30-year career, and I firmly believe Coffey is a standout deposit within a highly prospective project.
My takes thoughts on yesterdays RNS and price movement
* The uplist to main market is absolutely on track!
* It would appear the global rollout is very much still on track, clearly Gary has been appointed to assist with this.
* LHG can attract some very big names!
* Nice to see the impact some positive news can still have on the SP!
* Nice to see the gains not being stifled and sold into
* It appears the board finally seem to be focusing on returning shareholder value
This is actually key for me, I always felt that Tony and the team were doing brilliantly at running the company, great product, great social media game, a lot of effort and cost was clearly put into that, however I wished there was more effort and focus on promoting the company in the markets and returning shareholder value. Well it seems that's exactly what the appointment of Graham is about, the last company that he was CEO of he took the SP from 30p to £12.
Definitely the most positive day we have had in a while in many ways
Things are looking extremely good here, and still an absolute steal at anything under 3.5p prior to uplist
17.5% increase so far this week, the markets are beginning to wake up to the potential we have here.
Weather for the next week appears to be improving, here's hoping for a strong finish to the week ??
Mon - open 6p
Thur - close 7.05p
Current brief overview for any new investors
It was hoped that drilling would have commenced at the end of Dec, however, it’s not been possible to complete the pre site survey due to the worst run of weather at this time of year in 10yrs. The forecast seems to be much better this week and next so very hopeful if not already underway it should only be a matter of days.
There’s also Duyung, I’m pretty sure the gas sale agreement will be RNS’d in this first quarter and my personal expectation is for this to be worth at around double the current MCAP if not more.
If Duyung news drops before the drill results then there will surely be the opportunity to derisk at a much higher SP.
It’s certainly not been plain sailing up to this point with the cyber fraud incident and the usual delays, however I still hold every share I’ve bought and I’m still very confident that EME has the potential to be one of the best performing shares of 2022.
Hopefully end of this week or next the RNS will drop confirming the site survey is complete and confirm a date for drilling to commence possibly with the next 10-14days. I’m pretty hopeful this news alone will cause a rerate towards fairer value.
SP currently 6.05 however there has been some strong buying over the past few days during a complete ****show in the wider markets.
Hopefully a little more patience is all that’s required for all of us LTH’s and currently a great opportunity for any new investors.
Tom and Gaz may not get everything right that's been within their control, however I don't believe we can hold them accountable for pretty much the worst weather at this time of year in the area in decades.