Member Info for Sausageonstick

Https://twitter.com/My_Other_Login/status/1800515593193541893

JPP, can you post a link please

Mobile format is shocking at the best of times. The only benefit of posting a message via your phone is reading the comedy predictive text errors everyone makes.

Sp coming back a litle, still hope this ends the day blue

Definitely feels like the mm are generating squeaky bum time here this morning. No reason for 6.6% drop.

So in answer to your question Optiva have stated that EPP need £74,500,000 in FY24.

Correction on the current price, down 2% to 2.45p

Are people sitting on the side lines until the £21,500,000 equity funding (Optiva stated) has been sorted?

Will be interesting to see what interest rate they secure on the £53,000,000 (Optiva stated) debt?

The Optiva brokers notes seems to have gone from EPP X feed. I wonder why 🤣🤣 but I copied the following out of it

Second equity funding of £21.5m during FY24 alone. Debt funding of £53m in the same year.

What I also got from the broker note was

£2m raised at the IPO, but gas production expected to start in LATE 2025.

Stage 1 pre-field development will consume the £2m, stated in the Brokers note.

Stage 2 paid for via strategic industry or financial partner PLUS DEBT, so Optiva Securities, EPP's own brokers state in brokers note

Second equity funding of £21.5m during FY24 alone. Debt funding of £53m in the same year. Note, the debt taking 18 month to pay back FROM FIRST FLOW.

IPO'd at 4p, currently 2.5p.

I'm hopeful this will be blue by the end of the day

Let's see if it's the kiss of death or we end up blue today.

So after another RNS pumping out more results about rocks in a bucket, ECR was traded back down to +1.82% for the day.

This trader did well - not.

10-Jun-24 12:03:15 0.2988 238,955 Buy* 0.28 0.31 £714.00

10-Jun-24 15:02:04 0.283 238,955 Sell* 0.28 0.30 £676.24

Either those that tweet and retweet each other on X re ECR are gonna have to ramp up their coverage or Nick and the gold mechanics are gonna have to deliver more than yet another set of results.

This is in a downward trend and doesn't seem to be able to break through and hold above the resistance level.

A simple chart will tell you all you need to know until ECR release some substantive news.

"Synergia believes all the necessary formalities have now been processed for the GOI approval to be issued"

Bring it on Roland !!!!

https://twitter.com/My_Other_Login/status/1800157644185080003

Got a feeling that tweet isn't far away !!!

Back flat after being down 4%, buys going through at full ask so soon after last rise. I'm not expecting this to end flat today.

Always said we would know about the JV being signed long in advance of any RNS being issued.

Has Roland finished packing that suitcase or is post election Ministry of O&G a bit leaky?

Nice £8K buy.

Talking Sense,

Although you are not replying to me today. I could ask you for an example of why you think the results are descent.

I have my views, you have yours, why does that make me a dick? This board is about all of us expressing our views/ opinions. If you don't agree with someone's views just say so.

Agree Talking Sense. the results are pretty poor in comparison to ECR peers in the surrounding environment.

I look forward to news that isn't simply test results.

You are funny Dan.

Unless ECR can back up another bucket of rock chip results with something that moves the company forward, the sp will be in this downward trend for even longer.

The 10%er will be gone by the end of the day I'd say.

Morning Talking Sense.

I did say as the opening line to my previous post "Whilst the photon analysis appears quicker than traditional lab testing" So I acknowledge this.

I don't see them as great results, I think ECR spin them as great results in the phraseology of the RNSs, but that's their prerogative to do so. Compared to other results from other companies in the area, the results aren't great in my opinion based on the facts presented.

I do think it's great news for the day traders and 10%ers.