Member Info for Magpie1862

Of buys ranging from 11 - 15.5k = 64.8k in total on the significant buys. News hopefully by Thursday.

My conclusion to the news for what it is worth:

If a farm down is the news to come this is the catalyst EME have been waiting for their valuable stake in Mako, this will put EME on the track to generating real cash flow and strengthening the companies books and investment appeal.

A farm down is the single most important step to make revenue, the sooner first gas sales achieved the sooner EME gets paid. Conrad is selling a part of its own stake, therefore EME retains its full % interest and its valuable royalty without having to spend any money or issue new shares!

With a well funded partner onboard, makes EME future royalty income much more predictable & valuable.

Not my words below but

" If farm down is achieved it transforms Mako from a promising asset in to a funded development stage asset, which normally leads to a SIGNIFICANT positive re-rating of EME share price as the investment community prices in the reduced risk and imminent cash flow" GL

Dark Energy there has to be news in the next 2 days as trading can only be suspended for a maximum of 2 days! Keep up fella.

Painless. Just check his posting history never posts anything meaningful or helpful research just confrontational in every post he/she/they makes. He uses this as a social media platform. Just put on ignore bud.

The sensible answer is wait for the RNS from Conrad tomorrow or next day.

At least he has stopped on CTAI now we are in a lull period :-)

GL is a day trader who only turns up when shares are on the rise! Check his posting history never posts during stagnant periods or hard times. Bit of a glory hunter :-)

All my AI sources give a positive overview!

Overview

"Conrad Asia Energy has entered a trading halt to prepare for a "farm-down," or partial sale, of its 75% interest in the Indonesian Duyung gas project, where the Mako gas field is located. This move is expected to improve the company's financial position and is a necessary step before a final investment decision can be made on the Mako field.

Purpose of the farm-down: To reshape Conrad Asia Energy's balance sheet and provide new momentum for the Mako gas project.

Project details: Conrad Asia Energy operates the Duyung Production Sharing Contract (PSC) with a 76.5% interest. The Mako gas field, discovered in 2017, is a key asset within this PSC.

Next steps: The farm-down is a crucial step to enable a final investment decision (FID) for the Mako field, which has a gas sales agreement in place to support its financial viability.

Related projects: The company has other gas projects in Indonesia and is looking to become a significant gas producer in the region."

Tend to agree DT as if discussions ongoing and no completion this does not constitute significant news and a reason to stop trading!

Historically trading halts via listing rule 17.1 ASX are positive but either way for trading suspension it must be an event that could have a MATERIAL impact on the stock price. So either way significant news is coming within 2 days as this is the maximum trading can be halted for under 17.1 only hold £350 worth of stock here so not going to make me rich or bankrupt me either way. But for all holders and new buyers I hope for positive news obviously.

Morning All

I have managed to make contact with someone attending the summit this week and they have agreed to visit booth PS9-07 on Thursday to get some real time info/feedback on Alludium project and interest being generated. I will update when I get some info back.

New website showing the new start up partnerships onboard including Microsoft & Google. With those partners already onboard, AWS & Nvdia I think this will move very fast to launching phase after the summit. It would be interesting to know if any big players are already on the early access trials? Hoping for new funding news early next week. GLA

Https://www.portugalresident.com/web-summit-begins-in-lisbon-with-ai-in-spotlight/

This is the AIM Market the SP has risen on speculation and anticipation. Of course it will not go up in a straight line without concrete news if you have invested on doing your research an not just because it was rising then you will be fine.

Cheers MOPO best bit of advice I have heard, buyers getting in as they think the SP will rise :-) No wonder my investment strategy has failed!

Doubt it Alludium are not showcasing until Thursday!

You have to be careful banding such high valuations around at present if you take 2023 Summit and funding rounds AI and machine learning startups continued to make inroads in funding but raising $72.6 million – amounting to 9% of total funds raised within the year of Web Summit 2023. Funding reached similar levels in 2022 with $78 million and $71.6 million in 2022 and 2021 respectively.

The highest amounts raised through funding rounds by single AI companies was Protect AI raising $60 million and total funding of $108.5 Million & LiveEo raised $25 million. But it is not so much the amount of funding received but who is funding and the expansion plans on the back of the funding this will bring in a the true potential/value? I expect an RNS from CTAI towards the end of next week on feedback from the summit.

Roger this guy lennex is the idiot from last week reinvented! Goodluck with the investment.

That is my name little fella? I do not need to change, only post researched based posts not constant child like ramping.

I can give you another 5 names. Does not even attempt to change his style of nonsensical ramping. He will be gone within the hour!