Member Info for Ilovesushi

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Up 102.37%

No reason for anyone to complain really. Up 10% over the weak despite the placing. Looking good now with support of the shareholders. More of a multibagger today than yesterday. STRONG BUY. With shareholders expecting further strong rises as we move to the Spud of Wilson drill. Good luck all. I am more positive today than yesterday. How about you?

We definitely have a bigger slice of the cake today and therefor will have a bigger size of the production cut. I believe the purchase of an increase stake to a majority holding of 52% is a very canny move. The opportunity came up to increase the stake and we took it. On a successful well, the cost will have been justified. Surely a good management move. We can now proceed with the drill while waiting for values to be clarified from the farm down of Mako gas play in Indonesia. While there is a delay in realising values in Indonesia to have diversified into Australia was a good managements decision .

Its all to play for now, with fully funded drill. In a drill friendly country too. STRONG BUY.

Early posts could be seen as suggesting this placing was negative. In fact the placing has allowed a majority stake in the Wilson play. Will not be too long before drilling starts and on a positive drill, income will have increased several times that from placing monies. All good and a good move by the management. I support this placing. It is not dilution but a bigger cake.

Share price is only down 4.48 % as I write but with a larger 12.8% stake in the Wilson play, this is already looking like a good move by the company. Rewards have now improved by 12.8%. This should be seen as a master stroke by the management.

More of a multibagger today than yesterday. BUY THE DIP.

Laura

The share price of EME was up over 70% from the last placing. Yes it has another his morning. But and here it is, with this placing today it has increased its stake in an asset that may bring bigger returns. Do you see the difference and reasons for the placings?

Its hard I know. We are all hit with placings. Its the reasons why companies list, to get placings away and get access to cash.

Placing in this business is quite different. Any purchase here is wiped out soon after purchases and long time holders are down 99.9.%

A new placing is coming here shortly. How do we avoid them? We are all caught by them. Simple. Some we can avoid. I have called this lower for more than 10 years and lower it has gone. I know you do not like to here this and you come and post on boards where I have been hit by placings. No one can avoid them completely. I am hit by them and so are you. Simple.

Another placing is coming here. Its regular as clocked work. Yes I have had 3 from 3 months. Haha. I still hope thought to make money and am up quite a lot from buying at the previous two placings. I hope you are up also. We are all here to make money. It hurst us when we are down.

Good luck. Hope things turn for you and for your sake I am wrong on PYC.

The Wilson River prospect has multiple stacked reservoir targets, lies within a NW to SE oil migration pathway and shares similar structural orientation and features to fields immediately NW of the prospect.

Looks like an exciting play that did not cost too much to buy into. I think it is quite clever of the management to buy into this play while we await farm down proposals in Mako Indonesia. On Mako sale down we could get a large input of cash and expand further into Australia. Could be a clever move.

Confident that this company is a multibagger opportunity and is the best multibagger opportunity out there. Lets not forget that the gas play in Indonesia will come good at some point and is valued in multiples of the current market cap. Rather than wait and twist our fingers we have got a brand new play in Australia. Quite a canny move by the board me thinks. Now with a larger stake, this could prove a very clever move. STRONG BUY

Things are looking positive here now. Increased stake in the Wilson play could very well now make much bigger returns if the drill is successful. Then this placing will be seen for what it is. A clever move.

More excited now. EME has majority stake in a very good looking play. Returns now becoming higher. This should point to a HIGHER SHARE PRICE. Not a lower one. The potential of the company has now become brighter with a bigger stake. THIS IS A POSITIVE AND SHOULD BE SEEN POSITIVELY

Share price should continue its rise upwards and is still the biggest multibag play in the market at he moment. In fact is now an even bigger multibagger on this news this morning of a 52% stake. STRONG BUY

This placing can now be seen as a positive and not a negative. Bigger explore will on a successful drill bring in more income. That income could be in multiples of the amount raised. More than likely multiples of the money put in. Now EME becomes a stronger buy as we have more skin in the game making rewards higher.

EME has become a stronger buy than it was yesterday. Remember Mako gas play in Indonesia could be valued on farm down and monetisation 5x higher than the MC.

Great play here has now become greater. Could be blue on close when this realisation sinks in. EME now in the driving seat on Wilson with a majority holding. Great decision by the directors. No dilution here today but great exposure. Good luck all. CLEARLY A MULTIBAGGER IN THE MAKING.

NOW A STRONGER BUY.

Successful drill will multiply any return. This placing should now be seen as a positive. Very positive. STRONG BUY REMAINS. Undervalued here and prospects are now increasing. BUY THE DIP.

If the drill is successful then the placing has to be seen as genius and opportune. The money from the placing could pay for itself in increased income.

You got to be in it to win it and as we see we now have more skin in the game. When you play black-jack do you not split cards when you get a colour? EME has now bought a bigger stake. This will transfer into a bigger return on a successful drill.

EME now is even a better value and more undervalued. BUY THE DIP.

Quite simply this placing is to win a bigger pay out.

This placing has with the Wilson play a bigger exposure. This should be seen (and I think it will be shortly) as a big positive. The reward has now increased. STRONG BUY.

If it cannot get another placing away the company cannot continue. Either way any holder here will be completely wiped out. I am thinking administration as no one will stomach another placing just to keep the company going. Its not profitable, never has been and probably never will be. Better call in the administrators.

PLACING 27 June 2023

PLACING 3 July 2024

REGULAR AS CLOCKWORK. They are mostly out of cash again as contracts do not cover costs. Placing has to come in the next few months. Still a chance to trade for some. Its not as if a placing is due tomorrow. But certainly a placing is due, sometime in the 2nd quarter.

Beware of certain rampers that have always ramped this company. Down 99% over the years. You think it cannot go lower? It can fall another 99% quite easily.

Next placing not far.

This could be seen as very opportune. The return on Wilson if successful is now boosted by the increase in working interest. Of course the reverse could be true if the drill is a duster.

As things stand Empyrean will have 52.8%, working interest, Condor Energy 27.2% and Chi Oil 20.0%.

Could be quite a clever move.

STRONG BUY.

Mako still worth multiples of the share price. And now with 52.8% of Wilson.

BIGGER STAKE OFFERS BIGGER REWARDS.

Bigger slice of the cake.

Not too shabby. Could work out very well for us.

We now have 50% plus in Wilson play. Not so bad.

Buy buy buy

Laura2022

Did I see a placing come here. No

Not did I see the last one. But I did see the share price rise 70% after the last one. Did you see that rise coming?

Do you see a placing coming for PYC? Do you still recommend them? Will PyC rise on the next placing?

Laura is angry with me as I posted a few times on PYC board. A company I am very negative on. A share she hold. That is a company that has had a history of placings. She should know how painful placings are. We try our best to avoid them.

By the way PYC has another placing coming. I warned the other day another is coming. It’s up to her to sell or not, to avoid a placing.

I did not see the placing coming here. I thought they were fully funded. I did not know that would buy a larger stake. Is it a bad thing, could it work out?

If there is a drop perhaps a good opportunity to buy more? Good luck all. Positive with these. Mako 5-10 times MC