Member Info for Mitriti

3 weeks max starting on monday but expect it to be sooner

Agreed. Conrad’s SP and Nations’ clean title requirement don’t leave much room for delay.

Combined with EME’s own wording (“weeks”), the timeline feels increasingly compressed.

Market seems to be positioning ahead of that.

Feels like a very comfortable seat...

Those who’ve waited this long know what they’re holding ... just waiting for the music to start...🎧

Happy NY all!

I wouldn’t be surprised if we see a simultaneous RNS from EME and Conrad early next week.

EME’s wording “coming weeks” doesn’t feel coincidental, especially given where we are in the process. It wouldn’t shock me if a deal has already been broadly agreed and is now just being finalised.

Releasing it at the start of the first proper trading week of the year would maximise attention on both the project and EME’s position...a clear win-win from a comms perspective.

Just speculation of course. Good luck all!

Just a matter of patience now...good luck Blakie!

Added a bit on dips here and there, but happy with my position now...just holding.

Holidays aside, the external pressure points don’t really move. That’s why January still looks more likely than waiting months.

Mannan

Honestly, yes I do expect some form of compensation. Settling makes far more sense for Conrad than letting this drag on or escalate.

Most likely this would involve cash plus some form of ongoing economic exposure, rather than a token amount.

If common sense prevails, a settlement update should come within the next couple of weeks, dragging this towards arbitration would make little sense for any party.

Agree Medjed. The forced withdrawal points to a fight over future economic exposure (royalty / retained WI / back-in), not just cash. If this were simply about a cash call, it would’ve been settled already.

FW not sticking and talks resuming suggests it’s now about what EME retains, not whether they get paid. If EME keeps ongoing exposure, I’m convinced the share price goes materially higher.

From Conrad’s perspective, it wouldn’t make much sense to publicly walk back the forced withdrawal now... that would only weaken their position.

Resolving matters with EME first and then presenting a clean title as part of a settlement feels far more pragmatic. That outcome is ultimately the most favourable for everyone involved, as it removes uncertainty and allows the project to move forward.

Seen in that light, EME’s wording about an outcome being “acceptable to both parties” fits naturally with a commercial, win-win resolution rather than conflict or escalation

Personally, the wording “coming weeks” is actually quite reassuring.

Companies can’t say more than they’re allowed to, but they also choose their language very carefully.

If this were drifting or uncertain, the phrasing would be much vaguer. This reads like progress they simply can’t spell out yet.

Hello Pied,

I don’t see “acceptable to both parties” as a sign of weakness. In commercial disputes it usually means better than the alternative, not a 50/50 outcome.

The alternatives are very different for each side. For Conrad, a prolonged dispute risks delays, clean-title issues and pressure on the farm-down. For EME, time is a cost, but their legal position remains protected while discussions continue.

A compromise doesn’t have to disappoint both sets of shareholders equally. It simply needs to remove uncertainty and unlock value. Given the asymmetry of risk, that doesn’t imply EME materially discounting its position.

The fact that EME explicitly confirms ongoing negotiations, legal confidence and a near-term timeframe (“coming weeks”) reads to me as controlled confidence rather than weakness.

You're welcome.

Roof, no need to get emotional about it…

.02 isn’t even that far from my breakeven anyway and if it hits the 2's I’d happily load up some more for Xmas...just as us ‘idiots’ tend to do ;)

Agreed Smiler, This is progressing, they just can’t spell it out.

Good evening all!

Looks like reading an RNS and understanding one are two different things😊

Someone bought the dip, that’s all.

The real movement will only come when news drops.

People tend to hit the brakes before they crash into a wall... Unless Conrad is suicidal, a settlement will always remain on the table. My guess is the first half of January, though it could happen at any moment.

Exactly… Conrad staying silent doesn’t change the fundamentals. The dispute-resolution process is still active, so FW can’t legally be exercised. And with Nations’ tranche payments starting in Q1, they must deliver a clean title.

That puts Empyrean in a strong negotiating position… and it’s hard to see how this gets resolved without a premium-level settlement.

True, a verbal agreement isn’t binding… but Empyrean publicly confirmed it in an RNS. They can’t report something that isn’t real.

It simply means progress was made, and with Nations now needing clean title, formalising that earlier understanding becomes the logical next step.