Member Info for Downagain

Do we have any idea how their cash is until Emerald sells?

Anyone got comparison figures for what Sid offered to pay in total with their last offer and what it would cost now paying the Debt off and the Market Cap at say 80p? probably slightly under the original offer and with paying off the debt if they wanted to. Not sure why they would walk from that

Slowing churning through the placing shares we hope

Thank you

How many shares have they to offload and when did they start please? thanks

I dont actually know what that means any chance you could explain to a novice thanks

Why are you on here doing the opposite bottom, each to their own I say

Not all the sells are sells, but volume is low

.1281 now

.12 to sell now

Does anyone know how big the potential area could be. I have done some maths and if the reservoir was 500m by 500m and 6 meters deep that is 1,500,000m3 which in barrels is 9,400,000. even with 50% recovery that is pretty good for a 3m MCAP. Happy to be shot down if I have miscalculated anything here??

They haven't tested the first yet, if they want to raise for a second they will wait for flow rates at least

That was a producing well at 2m

Testing is covered "Funds raised pursuant to the Placing will be used for Empyrean's anticipated share of additional costs for the drilling, logging and testing of the Wilson prospect (as announced on 23 January 2025) and for the Company's general working capital purposes."

Well done all this is going to be big 👏

13m is a sell to me

Start of the placing shares going through??

That always tickles me when people buy and then sell an hour later. Doesn't make any sense. You are either happy with the investment or not.

Yes but when will the report be ready, how long can they spin it out realistically to build their fees

That's a lot of sells last 10 mins 🙁