Member Info for Magpie1862

Not being dumped, it is a small cap market moving on very low volume. small trades can swing SP either way. Just sit tight for news. You have lost nothing unless you hit sell button.

Any chance your contact can give us advanced updates, specifically about 24hrs prior to news of approval :-)

Historically the FDA ODD has never approved a designation request within one week after clarification! So such a fast turn around would be very unlikely. The process is just not geared for fast responses. Happy to be proven wrong though.

Depending on the complexity of the clarification and in this case seems not so complex as data already available, normally 2 weeks - 1 month can be expected. Obviously also dependent of FDA workload.

I tend to agree LTb.

Hopefully the additional information requested was not complex and the decision could come quite quickly within current review cycle, if complex and FDA workload they may start the 90 day review cycle again!

Some hefty trades from 8:30 - 9. x2 definitely buys, not sure about 1.

"Whilst we await the FDA's further response" the tone of last RNS seemed to say it had been submitted as they are awaiting further response?

Maybe a bit of indirect exposure next couple of days, AI conference in Dubai attended by partners. Guest speaker from Nvidia on AI human interaction.

https://fnctn1.com/

"Emotions like fear & greed can create great opportunities"

Thanks Pied it's nice to be loved!

Bull:

Farm Down proceeds cleanly with strong valuation, Conrad agrees sale price valuation US300 - 350m, Farm In Partner provides funding, EME settles cash call as part of negotiations package, no loss of equity = EME 8.5% estimate US25 - 29.7 Mil less cash settlement 0.8US net asset value 24-28 Mil US many multiples current Market Cap

Base:

Farm down agrees US150-200m valuation, EME cash call dispute is settled without terms, EME remains in the project but must pay share of future costs, potential as above estimate US12.7 - 17milUS Significant upside from current Market Cap

Bear:

Arbitration does not go in EME's favour, instead forced out at ZERO, EME negotiates a reduced tag - along sale, PSC valued US100 - US150 mil but EME must accept 40-50% cut.

US value 3.4 - 6 Mil still above current Market Cap but gap narrows

Worst Case:

EME Loses arbitration and is chucked out without compensation = Go to jail do not collect 200 on route!

On a separate note LSE need to get their act together, still not put the RNS up!

As normal bad news over reaction my prediction is if no further news then 20-25% down on the day as the gamblers take up positions! Surely Conrad will issue a counter RNS tomorrow? Maybe :-)

Thanks T, "Negotiations still ongoing", just have to suck it and see! Not going to bankrupt me or send me in to early retirement either way :-)

Like I said only have a very small stake here, even smaller now! Definitely one of the more interesting stories at the moment :-)

Any way reference the RNS " Empyrean reiterates that it will not agree to dispose of its participating interest in the Duyung PSC at a material discount to its assessed value" Maybe reading this wrong but must mean something as valuation has been put on the table to EME? So maybe room for negotiation and a prolonged legal dispute between all parties? At least we now know we are the spanner in the works for the delay in Farm Down announcement!

Anybody bought today? Trying to do a small top up on HL but cannot get a quote to buy? Strange.

Roger all the news channels I use for searching show no further updates or snippets as yet. If no further news prior I think the next update will be HOPEFULLY the successful trial of the early platform access?

Some big buys going through before close, interesting.

One thing I would love to know is who the early platform case study is being done by? At least one that we definitely know of. This could be the game changer interest!