Member Info for Sausageonstick

Mikey,

EPP's own brokers note told everyone how much was needed. Bel on X used to quote it, but after people picked up on the sheer amount EPP needs to get this through to 2027 and first gas, the brokers note has been forgotten about.

Best you find the brokers note and look at the figures and the split of debt and equity funding.

Instead of asking others to prove what is known by those that have researched this company, why don't you do your own research and find what some of us already know.

According to EPPs own broker, EPP needs a lot of money split between equity and debt to make it to first gas in 2027. Do your own research.

As Gordie says, one pump many wells.

Exciting times over next 2 months or so.

Looking forward now to Wednesday when Rolly can talk more freely now rns out

RNS has finally turned up on LSE

"a fund wouldn’t give 5.1m on a dud"🤣😂🤣😂🤣 you know how many time companies have been funded that just fold. You know for a fact that this is going ahead then to you? FID 2025? first gas flow 2027?

Not even EPP know if this is going ahead, that's why they have stated FID 2025. You understand the concept of Final Investment Decision don't you?

Where do you think the rampers have gone, now the price has moved from 0.23p to 0.32p (before todays > 6% drop)?

Is this simply being traded? Will we see a drop back onto the 0.2xp awaiting the next burst of superfluous adjectives?

Like I've said before, I'm sure this will come good, but the testing, retesting, getting someone else to come in and test (Queensland Geological), drill cores to go off and be tested, get some outside organisation (GEKKO) to come in and write a report after which there's more analysis needed, is just not getting anything across the line whilst the Bod take millions of cheap shares quarterly (FACT).

GLA, until there is substantial news, I hold the opinion this is just being traded 😉

Well, seems the big X push didn't get this back to even the IPO price.

Funding obtained, but my own opinion and I think the opinion of others, is this is going to need a lot more than £5.1 million to get it to operational levels in 2027.

Gla, don't get stuck on the spike.

"During the exclusivity period, Boku has no financial obligations, and there are no upfront payments required for acquiring this option."

Nice to read the above in the rns, things seem less complicated to get things done in Peru than, say, Australia gold mines.

See you back here at Christmas. That's not a negative. Just feel we need to let them get on with it. We know what and where and how, nothing more to add other than strong buy!!

Forgot to say, get your questions in

Let's see if there's a RNS Monday or Tuesday before the Investor thingy on the 16th or the Investor thingy might be a bit boring

To add more

Measure and inferred - not converted

Blue Kebble report re Blue Mountains, ECR (Nick T states) we haven't done our own resource reports we are relying on what's been done in the past.....we dont have our own data (https://youtu.be/LT0GAlLJtNA?si=UzOj5rRqM90-yVSI 7m 49s onwards ) so an ECR resource report for Blue Mountains - not converted.

Working with Queensland Geological for QG to go out and test rock samples - converted

This is being Promoted heavily across X this weekend with the usual accounts and some new faces tweeting and retweeting.

So Mike said in the video on X (https://x.com/DDS_DocHoliday/status/1844357803944837311?t=u9sUc-vGMbDSdAsukDVqtQ&s=19) accused of not being able to convert things quick enough.

So what have they actually converted? Based upon RNS FACTS !!!

Sale of the house - not converted

Sale of tax credits - not converted

Core drilling Tambo - not converted

Production plant on site blue mountains - not converted (then the Company may have a commercial project suitable for a production plant on site.)

Becoming a gold producer - not converted

Finding a partner to digging up antimony - not converted

Buying into helium - not converted

Tested buckets of rocks - converted

Retest of buckets of rocks - converted

Announcing that more testing is needed - converted (8th Oct 2024 RNS = Although further analysis is still required)

Hired a CONSULTANT geologist who works predominantly in South America - converted

(Seems people are jumping for joy before asking how much time this fella has to devote to ECR and how he going to work for ECR. Do people believe he getting his hands dirty standing in a field next to Adam? This fella is a consultant)

Issue RNSs that recap previously issued RNSs (10th Sept, 9th Oct) - converted

So just be honest with yourself, ask yourself what have ECR got over the line in the last year?

As the Board have taken millions of shares over the last year (FACT) what have they got over the line?

.....or Tuesday before the investor thingy would be great.

Surely consolidation has to be considered. Shares here are like confetti.

Remember we are due the gold results, so good to get placing out of the way before the results are released

...the work over will start before the 16th so Roland will have something to talk about.

I don't believe the 16th was picked at random

This is being heavily 'promoted' across X all weekend by the usual accounts. I can only guess, in my opinion, that they are hoping that they convince enough of the masses with their 'SP could be £1+' rhetoric, so let's look at the facts

EnergyPathways was admitted to AIM and raised circa £2,000,000 (before costs) on 23 December 2023

As at 30 June 2024, the Company had a cash balance of £1,173,492.

So in 6 months they had spent £826,508 in 6 months or on average £137,751 a month.

There has already been 3 months since the 30th June so, on average, another £412,253 spent

So around £761,239 left (on average)

This money was spent by "a great deal of desktop work has been undertaken through the period to progress the MESH Project from concept into reality."

So now they have £5,100,000 drawdown at 12%; Interest is charged on drawn down amounts at a fixed rate of 12.5% per annum and is payable monthly.

EnergyPathways currently expects that Final Investment Decision (FID) for the MESH project will be late 2025, with first energy supply commencing in 2027.

"As our MESH Project workstreams accelerate, so too will our spending" Chairman statement interim report

So let's put all that together

EPP won't even know if this is going ahead until late 2025, and it won't generate an revenue from energy supply until 2027. Put it bluntly it has no revenue for another 2-3 years.

EPP has around £761,239 left (on average) left but spending is going to increase, so at some point (before Christmas?) EPP will likely drawn down an amount.

EPP has no revenue. Once drawn down EPP will need to service the drawdown by paying back an amount monthly along side the accelerated spending.

So the drawdown repayment will come from the drawdown money, eating it away quicker. The accelerated spending will come from the drawdown, eating it away quicker. EPP spent over £800,000 in 6 months on desk top activities, How much do you think they are going to spend in 6 months once they are paying back the drawdown and the accelerated spending. They haven't even started on the capex of building infrastructure to get the gas out to begin to sell in 2027. How long does anyone actually think it will take EPP to burn through £5,100,000?

Does anyone actually believe knowing the debt servicing, the capex of building infrastructure, the salaries, listing fees, on and on, that the £5,100,000 will last until 2027 (revenue generating date)?

Let's see what happens 8am tomorrow, will the facts prevail?

Tamer,

Up 19% on Friday, thanks for asking. Nativo Resources (formerly ECHO).

Now answer my question, approaching an all time low next week, what does the Board need to deliver to add shareholder value.

From what Mike Whit.low said, the market shrugged off the helium announcement, suggests they expected more from that announcement.

Weren't they selling a house at one point?

Tax relief specialists, what have they come up with?

Talk of partners, where are they?

Talk of antimony, wheres the partnership?

Talk of, oh I can't say too much, is that an attempt to bait people?

My opinion, but this is gong to be a big week this week for all the wrong reasons.

Define decent updates?

We all know the cores drilled will go to the lab for testing which I'll take time to get the results

The market shrugged off the helium

Ecr are explorers. No production licence.

They need a JORC compliant resource estimate.

If you believe everything, this is apparently being shorted by a MM.

Lol orange 🍊

This IPO'd at 4p, so I'm not sure you can say "looks like all time highs broken"

This is being heavily promoted across X, so be aware at some point there may well be a rush for the door by individuals.