Member Info for dai2belts

Probably just to cover when the office is vacated for lunch, late starts, early finishes and team building events :)

@StockCheque, looks like the book runners had plenty to sell this morning, .. I was surprised to see 3.2p

Easy to buy as I guess not all the shares really had subscribers....

Knowing the 50% discount will likely push many to average down, having spare to sell to the market was probably part of the plan

60m volume, and the trades list has the standard 15m delay, makes you wonder how sometimes it can be +30min

I don't tend to buy unless I can follow but it does get pumped and there is plenty of time for the price to recover as again they are predicting Q2 MSC start, so a little early for disappointment to set in..

I just replaced my original holding but maybe I should have bought more

Its pulled back...

Looking at the last raise it only just covers the new drills costs so could there be another raise during any FOMO

Anybody else bought ?

Was trading around 6p, peaked at 8p...

The discount is naughty, at 50% it forces people to average down, so I bet a big chunk of those subscribed shares have no real subscriber and are going straight to the PI this morning....

Maybe a different route for the retail offer,

https://www.bookbuild.live/deals/L7PW01/authorised-intermediaries

I got and accepted a quote for 3.15p, now I always wait for confirmation, which I think I did but still the order failed..

Some big buys gone through....

Something unusual, well not but it looks like there are plenty of shares available for an oversubscribed share, and little sign off sellers

Raised an extra 1.5m at placing

After the car finance cases this is interesting

"Any expenses incurred by any Intermediary are for its own account. Investors should confirm separately with any Intermediary whether there are any commissions, fees or expenses that will be applied by such Intermediary in connection with any application made through that Intermediary pursuant to the Retail Offer"

EME acquired this drill from Apnea, which is owned by EME's MD !

$2bn ?

Estimated prospective oil in place in the range of 8.7MMBOE to 37.4MMBOE with a mean of 21.3MMBOE.

Fully Funded ? EME Raised gross proceeds of approximately £1.255m, notification of raise detailed this drills JV...

Cash £980k March 2024, salary sacrifice occurring , no revenue( I think)?

AU$2.8m about £1.38m, (is that 2/3, if not £800k)

The Option allows Empyrean to earn a minimum 40 per cent. Working Interest in the permit by paying two-thirds of the gross cost of drilling an exploration well at the Wilson River prospect, estimated at approximately AUD$2.8m (gross).

Going concern, worth reading

Maybe disputed $12m bill ?

https://www.lse.co.uk/rns/EME/final-results-x0n0cb1pgowy1pt.html

Closed up ~50% at 0.12p, then MMs end of day UT £126 @ 0.14p, so 75%, crooks...

Already up 75%.... Mmmmmmmm

Allo Allo just spootted this piste

""""""""""""""""""""""""""

EME is at £3m mcap

Drilling March for $2bn of Oil

Fully funded

Was 0.42p just a few months back before todays news.

Hugely undervalued.

Just 33m

3p placing announced, with open offer, works out ~50% discount on an ave price of 6.2p traded since Christmas Eve..

Peaked at 8p, Days close ~ 5.8p

What's the chance of 3p tomorrow or bouncing back to 6p if it wasn't a manipulation

if the price drops to 3p tomorrow it will wipe almost £50m off the market cap

Just 333m open offer shares,( but suggestion of increasing depending on demand)

Anybody who bought 100k at 6p, would probably be considering doubling up to bring their ave down to 4.5p, but only 333 people could do that

Placing, finally arrived, + 50% discount based on ave price since Christmas Eve

Thats harsh. 3p, when it peaked at 8p, frequently above 6p

+ 50% discount based on ave price since Christmas Eve

£3m placing..

£1m open offer

Prospectus

https://wp-georgina-energy-2023.s3.eu-west-2.amazonaws.com/media/2024/07/Geronimo-Prospectus-CLEAN-P20a-c98.pdf