Member Info for Sausageonstick

Dan,

Yeah, I thought you wouldn't post it. You not feeling so Billy big balls now? Off you pop.

Do remember, anyone passing on personally identifiable information about another individual,

without their permission, could be prosecuted by the ICO and fined way more than the market capitalisation of ECR. That may be very embarrassing, wouldn't it???

Every electronic comms made between two or more parties leaves an electronic breadcrumb.

Time to filter a few of you I think

Tamer,

You are right, there is a reason I don't want to share anonymous questions on an anonymous bulletin board 😉

You'll just have to spot the sausage word in my questions e.g. why have you made such a pigs ear of ......

So you going to explain (just for the solicitor) why you said "are you scared he might recognise your voice...*wink*"

To note screen grab of post taken, so if you're feeling brave, do state why in writing.

Thought not.

Tamer, you winker

My questions are submitted,

will they be answered

And no I wont being posting my questions,

you'll just have to see if they are answered

and see is you can pick out which are mine

Why would I be worried about Mike recognising my voice?

Please explain

"we'd like to extend an invitation to our shareholders and prospective investors to connect one-on-one with our md mike ******* next week for further discussion between 12-2pm bst."

12-2pm on what day next week or is mike connecting every day next week????

let's get the basics right first shall we (rolls eyes)

From X https://twitter.com/Belcourtoi/status/1836715202806431760

"I don;t get why people get hooked on this and forget the main things

Licence will land soon ; That will unlock potentially 3 or 4 major contracts with: World largest Wind farm company ; World Largest Oil & Gas company and them funding it as well; #EPP is simply too cheap here"

So let's look at the facts

EnergyPathways developing Marram Gas Field, (UK Irish Sea), as a major gas and hydrogen storage facility, to be known as MESH (Marram Energy Storage Hub)

19th August

EnergyPathways (AIM: EPP), an integrated energy transition company, is pleased to report that it has submitted a gas storage licence application to the North Sea Transition Authority (NSTA) for its planned MESH project.

So when Bel says it WILL land soon, I have no idea how he would know the NSTA workload, what is fact is the licence was applied for just 1 MONTH AGO.

That will unlock potentially 3 or 4 major contracts with:

World largest Wind farm company

World Largest Oil & Gas company

To do what?? So sign up a wind farm, and do what with the electricity? Does EPP have an electrolyser somewhere? I've never heard that they do. Do they have any means of utilising the electricity? Is the wind farm simply going to say yeah when you are ready we will sell you electricity, but until that point the wind farm is going to sell it's electricity into the National Grid. You don't just pull an electrolyser or two out of your backside.

World largest oil and gas company. Well in order to store hydrogen you have to empty the natural gas out (they refer to this as transition), so one of the first things is for EPP to find a buyer for it's non renewable polluting natural gas. I note on their website they say it is less polluting than LNG, nice try, it's still a non-renewable polluting gas. It's like saying it pollutes but not as much as them over there so pick us. Or are EPP simply going to produce blue hydrogen by combining the natural gas with all the electricity and then store it underground?

If world largest oil and gas are gonna funding MESH, are they going to want something in return if they are taking on the risk at this early point in the process?

In summary from today's RNS

"Updated MESH project schedule aligns to regulatory backdrop with FID now expected late 2025 and first energy supply anticipated in 2027"

You understand what FID is, don't you? and I understand why they hid this in an acronym it means "Final Investment Decision" essentially the GO / NO GO decision will be in late 2025. So EPP won't even know if this is going to go ahead, it won't make the Final Investment Decision until late 2025. First energy (gas?) supply in 2027.

I don't care what the Twitterarti say, the facts don't lie.

Licence applied 1 month ago

Where is the infrastructure to create H2 now?

Wind farm sign up? To feed into what?

O&G funding it, at what price?

"EPP is simply too cheap here" - the mar

Down over 12%. Silverlight, you going to explain to us what the market is missing here?

Gonna need more than a bag to just get back to IPO price now, a lot of people here underwater I guess, if you'd read the brokers note you would have seen just how much the broker stated EPP needed to keep this going before revenue

Steven, for clarity. FACTS from the RNSs.

RNSs dated...

17 Sep 2024 07:00 21,250,000 new Ordinary Shares have been issue (Nick & Mike)

9 Aug 2024 07:00 9,633,196 new Ordinary Shares have been issue (Andrew Scott and Trevor Davenport)

14 Jun 2024 10:45 15,000,000 new Ordinary Shares have been issue (Nick & Mike)

18 Apr 2024 07:05 9,999,999 new Ordinary Shares have been issue (David Tang, Andrew Scott, Trevor Davenport)

14 Mar 2024 07:02 19,396,550 new Ordinary Shares have been issue (Nick & Mike)

14 Dec 2023 07:01 25,714,284 new Ordinary Shares have been issue (Nick & Mike)

1 Dec 2023 07:18 22,857,142 new Ordinary Shares have been issue (David Tang, Andrew Scott, Trevor Davenport and Adam Jones)

So that's 104,726,171 shares issued to Board members since the 1st December 2023.

On the 1st Dec 2023 ECR's issued ordinary share capital comprised of 1,569,083,142 ordinary shares

Based on the above figures, circa 6.8% of the 1st December 2023 total share capital has been issued to the Board (at prices below the market rate?) since the 1st December 2023

This post is drawn from FACTS.

So why isn't the market liking it? down almost 5% today and back to sub 2p.

This will need to bag to get back to IPO price. If you say I don't understand it, then I don't think the ,arket does either

From today's RNS

"expects that FID for the MESH project will be late 2025, with first energy supply commencing late 2027."

So as far as I can see, no revenue until late 2027? How much dilution will be needed to get EPP through to late 2027? Just my view but this is may be a lot cheaper come 2025/2026, if so then I'll look again in 2027 to invest.

If you are unwater currently, good luck with the wait and possible dilution through until late 2027.

ECR are an explorer, Mike Whit.low has stated that in several interviews.

ECR would have to apply for a mining licence if it wanted to become a miner of gold

There's no point you or even Doc Holiday posting tweeting about the price of gold and hoping it rubs off on ECR

We know what y' trying to do and it ain't working.

...interviews from the ECR BoD with the last Issue of Equity RNS.

Anyone else noticed and/or questioned the following

17th September 2024

The Company has agreed to issue and allot 2,500,000 new Ordinary Shares as payment in lieu of £6,000 of accrued fees owed by the Company

14th June 2024

The Company has agreed to issue and allot 2,307,692 new ordinary shares in lieu of £6,000 of fees owed by the Company

14th March 2024

The Company has agreed to issue and allot 2,307,692 new ordinary shares in lieu of £6,000 of fees owed by the Company

14th December 2023

The Company has agreed to issue and allot 2,585,092 new ordinary shares in lieu of £6,000 of fees owed by the Company

For 4 quarters, ECR have issues and allotted a mystery company £6,000 of shares, but still ECR doesn't name the company, why not? I know which companies I will be checking the annual accounts of when they get submitted.

...after technical meeting to inform the market wtf is going on

I imagine the warehouse you want paid for is simply a piece of land that is accessible to trucks and loaders, where the crushed ore is stored.

I'm not sure what expense is involved in running a scrap of land with crushed gold laden ore on it, could you explain what you see as the costs for us please?

Do you believe the "warehouse" is an actual structure?

Steve,

Lol, i dont believe they are building a warehouse!!! RNS states "the central camp will have a designated area that will be used as a warehouse," So it will have a central area where the crushed will simply stored

Chesh,

Haven't you worked it out yet??? Let's make it easy for you.

Person X sacrificed their £22,500 salary for 2,50,000 shares (equivalent of 9p)

The price of the shares (and thus if you know the amount of salary they should have earned AND the share price you can calculate the number of shares) is based on the following

The PRICE of allocated shares is calculated thus - The number of the New Ordinary Shares to be issued will be calculated by reference to (i) the price at which an equity fundraising in the Company is carried out in the period of the salary sacrifice or (ii) if there is no fundraising, the price equal to the volume weighted average price of ordinary shares in the Company calculated over the previous 14 days.

I'll draw your attention to the 2nd part " the price equal to the volume weighted average price of ordinary shares in the Company calculated over the previous 14 days."

In ECR the salary sacrifice was agreed up to the end of March 2024 (end of Q1), extended to the end of June (end of Q2) and I'm guessing will be announced for the end of Sept 2024 (end of Q3)

So if the price remains low in the 14 days up to the end of Sept (end of Q3), based on the weighted average price, the price will be lower, thus when you divide person X's sacrificed salary of £22,500 by a lower price you end up giving them more shares. So if the sacrificed salary remained the same £22,500, but the price was 4.5p, then the person would be entitled top 5,000,000 shares.

So using a real world example

19 Sept 2023; Nick Tulloch and Mike Whit.low will each receive a salary of £102,000 per annum of which £12,000 is to be paid in cash pro rata across the year, and the balance is to be satisfied by the issue of equity in four quarterly payments of £22,500 using the mechanism as discussed above.

So, and this is fact, the £22,500 is fixed for the period in question. The lower the share price goes in the 14 days to the end of qualifying period (end of Q3?) the more shares Nick and Mike will be issued based on the mechanism described. That's a fact, straight forward fact. In terms of the number of shares allocated to anyone on a salary sacrifice scheme, it is better to have a low price particularly during the 14 days price qualifying phase. So for the 14 days at the end of each quarter.

I'll let you look what happened to the ECR price near the end of March (Q1) and near end of June (Q2).

So essentially, irrespective of company or individual, if you are getting shares allocated on the basis of a set amount ££ sacrificed, then it would be beneficial to any one on a salary sacrifice scheme to keep the share price low until you are happy with the amount of shares you have.

Penny dropped now Chesh has it?

This post is based on fact

Don't the board get assigned their next wheelbarrow full of shares at the end of September? Would be good for them to keep the price low until after the end of the month, lower price like where we are today will mean more shares for each Board member, surely?

24th May

As noted in the Company's announcement of 18 March 2024, the Company has over the past several months been undertaking a detailed legal and technical due diligence review of a major brownfield base metals project located in East Africa.

So where is the update and where is the deal?

I think a lot of people now have their eyes wide open to ECR and the events of last year.

RNS after RNS giving results and the next steps being more testing.

The frequent churning out of interviews, with a little wink at the end.

Other big accounts tweeting and retweeting the 'good news'

The 'oh I can't say too much' to try to make people believe there was more to the story than there was.

One minute it is gold, next antimony and next helium, does this company know what it actually wants to do anymore?

The bit that confirmed it to me was when they had the trommel on a trailer working and at least spitting out some gold (it wasn't going to make them a fortune) and they they decided to move away from the easily accessible gold, and go back to drilling in the hard rock. Why?

Based on the RNSs, ECR is spread so thin, all this paying for digging and lab testing, salaries, listing costs, tax specialist costs, sale of property costs and wanting to buy into helium where the partner company has existing infrastructure etc etc.

Does anyone believe ECR won't need to dilute (at whatever price) in the next few months?

Will this break through current support and hit 0.19p?

So we should be pushing for a rns by end of next week then

There is a shed load of gas in the cambay basin

Selan are working over wells and drilling new ones to connect to the Indian gas network.

They've stumped up $20m and given syn a few million.

Roland's ability to get the timing right is in my view, legendary.

We just have to be patient. I know we have been patient