Bit of perspective for anyone watching the price today…17 Nov 2025 08:56
EME’s still only on about an £8m mcap and nothing has changed on the fundamentals – we still own 8.5% of a proven gas field with the GSA signed and the pipeline costs being sorted by the government. Conrad haven’t backed away from anything, they’ve just asked for a short extension to finish signing the paperwork. That usually means the deal’s bigger or more layered than expected, not worse.
Even a middle-of-the-road valuation on Conrad’s 75% makes our slice worth more than where we are now. No placing, no bad news, no change in the story – just waiting for the operator to finish the last bit.
Anyone sitting on the fence is basically waiting for clarity, but the risk/reward hasn’t changed at all. News could land any time. Don’t miss out. GLA