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Bought here yesterday and today, all showing up as sells. Surprised people not more interested, in November 2019 already so the 'big' news may not be that far away if due 1st half 2020. Plus updates along the way. The economics of the project are such that they probably won't have any problems with raising the finance. Perhaps after SXX debacle 'potash' has become a dirty word!
I bought in here yesterday as it happens. Looking back at some of the posts, we may have had a big seller which has pushed the SP down to this level. Hope he has finished. May be is due a bounce? My 100k worth of buys yesterday did up the bid a tad! More generally Trin is not 'glamorous' enough to be attracting much attention. But the fundamentals are good, if you have got the patience. I hope sooner or later they will 'splash' some of that cash and go for a substantial increase in production.
'The facility is divided into four bays with each bay capable of supporting up to 2,500 plants for three seasons per year. As we perfect our seed production techniques the target is to harvest one bay per month. The development of these techniques has been time-consuming, but we are pleased with the results and the Board expects the facility to reach maximum capacity in the coming six months.'
I read that to mean one harvest per month of 2500 plants.
Can see why though. What with the shorting allowed on our markets, rumours and feverish speculation on unregulated boards like this and ADVN, market manipulation etc, makes life very difficult for companies. 90% of the market is probably overvalued or undervalued. From his point of view all this has damaged the SP unnecessarily and left him in a weak negotiating position. Hence pull the plug and go private.
Anybody understand how this is actually going to work? There will still be the same number of shares in issue? If the Yanks start buying them all up will there be any left for us? On most of the dual listings I have seen there seem to be 2 sets of shares, one on each market? Or will they be buying the London listed shares through an OTC broker? Does anybody have an email for NT or Zoetic that has actually had a reply from? My emails to HNR never ever got answered. I would like to ask him how OTC will all work. Thanks
Disappointing! MMs don't seem to want this one to go up for some reason. Price barely rises on buys but a few sells and they smack it down quick. Been like that for a while now. Is turning into one of 'those' shares. Just end up churning over the same old ground all the time but never actually goes anywhere. Seen it before as well. Have to see what the next drill brings.
Nice one. We have a giant field there! This RNS relevant too:
https://www.investegate.co.uk/empyrean-energy-plc--eme-/rns/duyung-psc--ops-update---tambak-2-well-reaches-td/201910150700048438P/
These 'glamorous' headline rises are all well and good but compared from where the SP has tumbled from still amount to diddly squat. Need to recover loads of ground yet. Most LTH still well under water I would imagine. (If) they can pull of the seed sales and (If) they can increase CBD retail sales, then may be there is hope yet.
'The Tambak-1 well will appraise the central area of the Mako field and will evaluate the intra-Muda sandstone reservoir of the Mako field, which is prognosed at a depth of approximately 385 metres below sea level...….
The well will be plugged & abandoned at the end of the drilling programme.'
Is this the plan regardless of what they find? Are they just trying to establish the extent of the field? Got to be done I know, but it would have been nice to find something as well while they are at it!