Member Info for Skippysb01

RNS 4 Dec 2023

Although I'm not sure what a 'cut of grade' is. But you can see the previous Red Setter drill grades in that RNS.

Have you included the trades on the AQUIS exchange?

Placees rarely keep the shares. It's a guaranteed return at a prophet over 0.8 and IMHO they are right to sell and I would too. They will have been forward sold anyway. I don't recall ever seeing a TR1 appearing after a placing. Maybe that's just me. Not saying it won't happen but never seen it.

Time to production is a huge factor. Production in 2027. Someone might low ball offer now on the basis it's a bird in the hand for EME. Having said that an offer now is going to be several multiples of where we are now. Fat special dividend now or wait until 2027 for even better reward. I reckon they will sell short term.

Need to consider when MAKO production will start. If a good offer comes in I would expect EME to sell to drive other activities with the proceeds.

It's likely the shares from the fundraiser hitting the exchange.

There are days like this. There are no companies where someone isnt selling and IME it isnt worth trying to figure out why.

I'm not sure further testing and production wells is the answer to the SP reaching a higher value. That's all a given at this stage. It's now more about the size of the reserves and delivering on production and helium sales..

It will probably b=need to touch the placing price before it goes up again. In my experience placing price is always met and acts like an actor on the SP. This one is somewhat different because the placing actually releases value.

TBH I was surprised the GSA signing got the attention it did - that was already in the bag. What wasn't in the bag was the debt that EME owes to Conrad in respect of its 8.5% stake to Conrad. Conrad had made a call for that to be settled by EME and it was hard to see how they could do that and still keep the 8.5% stake. I expect that settlement can be covered from today's raise. So it's all go to realise the value of MAKO... but it might graze 0.8 first.

The sudden massive widening of the spread isnt helpful...

Yep. Placing all forward sold last week. The fact that the SP didn't go straight to the placing price at 0.8 this morning is very telling of the future value here.

The company was at risk of liquidation before the Maga deal was signed. Conrad has a cash call on EME for monies owed in respect of EME’s 8.5% and it was hard to see how EME wasn’t going to go into a forced liquidation for that. Today’s placing removed that risk surely?

The outstanding from EME to Conrad call was mentioned as still outstanding in a Conrad RNS just a few weeks ago and has not been confirmed as resolved.

I think you have to realise that accounts like Jaglith are set up by aggressive traders who have many accounts. There is no good reasons for Jaglith to exist other than to de ramp PREM. Its account has no other posts about any other company.

Jaglith has posted several misleading messages as fact recently. It was an easy filter for me. But I also reported. That account is breaking the rules so LSE should deal with it. They haven't which is quite telling. I'm stunned that anyone pays for this service.

It's so much better to filter them. They post broken clock logic so they will sometimes be 'right' like if the SP falls one day or there is a placing eventually. These are things every AIM investor knows about so it's just a massive irritant to have someone go on an on about it. So get rid is my suggestion.

Acker is an example of someone who just likes to logic things out and is open about trading. I can accept that - it's not all about being pointlessly positive about the risks. Investors should try to understand what is happening.

The TR1 is to notify that the 5,741,313,598 shares issued as a placing as per RNS on 2nd July are in receipt by Canmax as at 11th July.

Does anyone know if Canmax had to accept those share as part of repayment terms contractually? Or have they chosen to take the share?

In any case, you would be nuts not to take the shares at .12 considering they were already worth much more than that. So in a nutshell - it's just confirmation of that transaction. They could have sold them by now as the TR1 is for transactions upto 11th July. I would think they would sell them by now unless they are very confident that the SP will go up from here. Its a big profit. We might see an RNS saying they sold them in the next day or so.

I don't think it reflects badly on the company if they sell shares they bought for .12 at c.2 or more. It's a no brainer.

It's all broken clock stuff from the trolls. Nobody on here should need someone else to tell them this is a risky investment. But it's not helpful to have some idiot saying the SP will be down below x or y. They never shout when it goes up. Expect volatility. For a share like this, what happens to the SP in a day is important if you need to buy or sell today. My broke clock says it might go below 20 and it might go above 40. It depends on your attitude to risk.

Better to just filter and report. It has no other purpose but to wind you all up. Just get rid.

If the plant is not shut down you just posted misleading market information for the specific purpose of impacting sentiment. This is illegal chump. You stated it as fact here. Reported and of course filtered but also - you only ever post about this share that you seem to hate so much. Clearly an account created just to cause damage.

I think new reserves estimate is the next kicker - then news on first production with facilities all in place. Success of individual wells is a given at this point. All good.

I expect they may be more determined to drill the flathead this time. They needed to get the Linda results out at the time as they needed the 3 production lines in line at a satisfactory flow rate. I think they will go for it unless there are good technical reasons not to.

... my assumption and the reason why I had a small punt on this, is that the company will get operations going at some point in the next 6 months. If that happens they don't need to process much gold for the current market cap to look a bit silly. It's a risky assumption hence a small punt.

Not clear to me how the bond restructuring will boost the SP. Happy to see it if it happens but would welcome an explanation.

Oh crap. I done it agin. Sorry. I shouldn't look t a TR1 on my phone screen. No change in the number of shared held by Price Hunt. Hanging my head in shame.