Member Info for Mitriti

That's possible, Duster. The intrinsic value of your holding doesn't change. Any rise or fall afterwards would simply be the market's reaction to the consolidation rather than the consolidation itself.

A reverse split doesn't change the value of your holding. Its main purpose is to create a more orderly share structure and make the stock more attractive and accessible to a wider range of investors, particularly in the US market. 👍

The amendment gave both sides breathing room. I'm talking about the final structure. Wouldn't surprise me if a conditional agreement is already on the table awaiting approvals, but that's only my opinion.

Mako keeps progressing, but the market is clearly waiting for the three remaining pieces of the puzzle: Jakarta approvals, SPV activation and a CLN resolution.

Cev, nobody begrudges success. Fair play to anyone who's built significant wealth. What people usually react to isn't the size of a portfolio, but the attitude that comes with it. For someone who doesn't care what others think, you do spend a fair amount of time explaining yourself. That said, let's stay on topic, as Blakie rightly suggests.

A good investor isn't the one with all the answers, but the one asking the right questions. Stay critical in your questions and skeptical of your answers.

Your timing will be perfect for Thailand and it's a wonderful destination cev, but this isn't TripAdvisor. Just enjoy. Life's for living, after all. 🍻

Totally get you, Cev! Flew into Malé last week, spent a few days island hopping, took a seaplane north yesterday and I'm currently having lobster and a cold beer while watching the sunset over the Indian Ocean and reading EME's LSE thread. Scuba diving btw.

Nice fish observations too!😂😂

Funny how some posters frame themselves as self-made men. We've had Brewster playing golf living the country club life, another one battling jet lag from world travel and now another one selling out completely from Le Mans.😅 If I could afford that lifestyle, I'd post GLA and be gone instead of refreshing the ticker.

Exactly!😀

We are currently awaiting regulatory approvals for the transaction with Empyrean, which we hope to receive imminently.

...first gas remains on track for Q4 2027.

Further major contract signing ceremonies are expected to be announced shortly.

Agreed. Very odd timing given the potential news flow over the coming weeks/months. Could be a good opportunity to add some more at the end of this week.

I agree that a broad valuation can be made today using Conrad's production profile, gas price assumptions, capex, opex, taxes, carry repayments and EME's 8.5% economic exposure. However, estimating the ultimate value accruing to EME shareholders with a high degree of confidence is a different matter altogether. Until the SPV structure and CLN outcome are fully known, there are still several key variables that can materially affect shareholder value. How exactly does cash flow through the SPV? What costs are attached to the structure? How will the CLN be repaid? Will there be any conversion element? Will a carve-out arrangement be agreed? How much of the early cash flow is allocated to note holders? What is the timeline for debt reduction? These are not minor details. They can make a difference of many millions of dollars over the life of the project and are exactly the kind of issues institutional investors, banks and analysts need clarity on before they can model future cash flows with confidence. The market can broadly value Mako today, but it still cannot accurately value what ultimately reaches EME shareholders. I agree a CLN deal is key here.

I see it this way: SPV and especially CLN are the missing pieces. Once those are resolved, analysts and banks can properly model future cash flows. That's when larger investors and funds can start getting involved. In my opinion, that's what has the potential to change EME from a trader's stock into a value stock.

Gla

The market can to some extent, but imo it still doesn't trust the path from resource to cash flow. SPV completion and CLN clarity should make valuation much easier, as investors can finally start modelling future cash flows with greater confidence.

AIM traders will always trade the swings, but SPV and CLN are the real game changers in my view. We're getting closer to a stage where the market can value Mako rather than just trade the uncertainty around it.

I'll be adding some more as well once I have some cash available again, assuming the price is still around these levels by then.🤞

You don't sign a contract like that if you think there's a real chance the project will fail to obtain regulatory approval.

Happy you re still on board Sir Mark🫡

😂 His toilet’s gonna get stuck flushing shares like that 🚽