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Oh my copper-gold-silver prices this morning :)
i know not a producer yet, this only increases value of assets in the ground and copper bond financing yet to be closed, firmly placing the brakes on the SP
have a nice weekend all
DYOR and GLA
Thanks MTSparky.
Comparing with current prices, makes for some nice reading.
No more posts from me - 3 is enough for the week lol
Lol mates rates!
As for PFS - aha just read it, Jan RNS
"The PFS for the Empire Open-Pit Mine is nearing completion, and barring any unforeseen delays is anticipated for delivery to the Company by early Q2 2024."
Was having a look at the last corporate presentation - plz could someone tell or direct me to the prices used for copper-gold-silver-zinc for the $1.36B M&I and $600M+ Inferred resource.
Copper-gold-silver prices are soaring but not the PXC share price (yet?)
i do appreciate they are not a producer so is the market cap due solely to the cash situation (raise earlier this year at 11.5p) and bond/PFS news?
Back on my watchlist again, while more research is done.
That's how i read that too - does this mean a possible bid for the whole company at 1.5p per share?
DYOR and GLA All
That's why it's important to DYOR and invest based on your risk/reward strategy.
"Gas sales will be priced against Brent oil." with Brent Oil still edging up i'll take that as a positive, of course it's nothing banked until a deal is done.
Have a great weekend all.
Juat to clarify, i'm not saying that is a definitive valuation of EME share, just discussion and extrapolating valuation based on Conrad CEO saying in an interview (along the lines of) that production costs would be low because of using existing infrastucture, cost at about $300M and they would look to reduce their holding down to 50%. Reduce this valuation and furthermore no-one is suggesting that they would get full price, still leaves alot, multiples of the current mkt cap IMHO
just a BB just a discussion just a view
as always dyor and dont take investment advice its your money at risk at the end of the day
GLA
If $300M (production cost) is equiv to 26.5% equity (reducing from 76.5% to 50%) then each 1% is equiv to $11.3M (300÷26.5) and therefore EME 8.5% is worth $96M (8.5 x 11.3) normal caveats apply
"Gas sales will be priced against Brent oil." Brent now flirting with $91
I recall an interview from Conrad where they mentioned US$300M project costs and they would look to fund that by decreasing their stake from 76.5% to 50% in Duyung ~ that would value EME's 8.5% stake at US$96M / £77M ...just throwing those numbers into the mix as well...whatever the value multiples of the current mkt cap....DYOR IMHO GLA
Https://www.google.com/amp/s/www.theedgesingapore.com/amp/news/oil-gas/sembcorp-signs-non-binding-term-sheet-gas-sales-agreement
Sembcorp Gas, the wholly-owned subsidiary of Sembcorp Industries, has signed a non-binding term sheet with West Natuna Exploration Limited, which is a wholly-owned subsidiary of Conrad Asia Energy.
The term sheet outlines the key terms and framework for a binding gas sales agreement (GSA) for the Mako gas field in Indonesia.
GSA news expected soon?
Eme moving up a little, along with CORO also get a piece of the GSA action.
DYOR
Think you meant 6.1p (still not too shabby lol)
Capton interested in joining in the Vietnamese Solar Panel business too - every little helps.
GSA value US$81M to Coro (not too shabby lol but thought i listened to an interview from Conrad where they mentioned US$300M project costs and they would look to fund that by decreasing their stake from 76.5% to 50% in Duyung ~ that would value Coro's 15% stake at US$170M !! - Anyway just get the GSA over the line and they will be in the moolah).IMHO
Whenever I think about buying in it's almost always NT ~ can't even buy £2k worth at the mo).
DYOR and ATB
DYOR
Thanks to outspan on alt BB
hTTps://twitter.com/steddieddie/status/1682424564834344963
Congrats...with the AMS purchase at 1.5p that's my min target price currently...let's see how the story unfolds the rest of this year
GLA
Also means 5M shares tucked away - so less available on the open market