Member Info for MrH_m

100% - no Mako - no CLN repayments. The lender is supportive because they can now see they will get some money back. The proof will come when we see how much of the pie they are taking. My bet is 60% or less which would be a great outcome for us 👍🏻

I do, but that would be very fast - I think by the end of June / early July as they will then need time to get it all ready for production

That will be months away - the more imminent news is the CLN restructure 👍🏻

Yesterday was a bonus really - the real RNS has not been received yet - but due soon

Going nowhere but south this share! Sometimes it’s better to accept losses and move on

100% Painless 👏🏻

Yes sorry Chesh - I have my head a wobble after I unfiltered it this am, and then started replying!! Won’t happen again :-)

Let’s park future posts under blues heading and leave him to panic :-)

He’s also missed the fact that the CLN is directly linked to Mako - no Mako payments = no CLN payments due. He needs to go back to school.

The CLNs aren’t being serviced from EME’s day-to-day cash. Under the term sheet, the lender gets paid out of WNEL dividends, and WNEL dividends only exist because of Mako (farm-out consideration first, then production later).

So the CLN is project-linked, so no need for any placing to cover any cash calls. If interest had to be paid independently of Mako, this structure simply wouldn’t work and the lender wouldn’t be playing ball. The fact they are tells you a lot - they only get paid from Mako when we do.

What we’re waiting on is the detail of the restructure (tenor, interest treatment, caps etc).

This is getting de-risked with every rNS!!

It certainly is Golf 🙌🏻

He’s clearly a young naïve first time investor - always gets it wrong

😂😂😂😂 speak of the **** and it will appear 👏🏻

It will come down to the agreed term / apportionment relating to “… the Lender to be paid preferentially from WNEL dividends.” If we are left with 40%+ of payments until the notes are cleared then the market will react favourably IMO

From 30/1/26 RNS:

Debt Restructuring

It is noted that further definitive documentation will be prepared with regard to the settlement agreement, including a shareholders' agreement between Empyrean and Conrad in respect of the control of the SPV and Conrad's wholly owned subsidiary, WNEL. It is also noted that the Term Sheet requires restructuring of the secured convertible note with Empyrean's lender (the "Lender"), with the Lender to be paid preferentially from WNEL dividends. The Lender has been supportive of the process to date and work is ongoing to finalise the revised terms, with further announcements to follow in due course.

Hey Golf - clearly the market wants to put us back to 0.17p pushing 0.3p but needs a few more updates first, starting with news of the agreed CLN restructure. That news is due imminently - if positive then most of any remaining risk falls away, and we will be at least double where we are now almost immediately

Decent RNS over at EME guys - more big news to come :-)

And to think, some are still waiting for a 0.05p buy in price 😂😂😂🤦🏻‍♂️

The big update is still due - CLN restructure confirmation :-)

If there’s anything positive re the CLN restructure in todays RNS then we could be heading back to 0.17p and pushing 0.22p IMO. Fingers crossed

Would certainly make sense - tie up a lot of loose ends in one RNS