Member Info for SteamyWee

I've just emailed the company and the NOMAD. I would suggest a few other people do the same.

To: ir@pri0r1ty.com; james@b-cornish.co.uk

Hi there,

As an investor Pri0r1ty LTD. I'm becoming increasingly concerned regarding:

1) the lack of market update with the progress being made on the accounts and

2) the fact that companies house are now in the process of striking off the company.

Please provide some reassurance that these matters are in hand and that critical deadlines will be met.

Kind regards

This is probably nothing to worry about. It's standard procedure by companies house to apply for a strike off when accounts are overdue. All monies and IP become property of "The Crown" if accounts are not submitted in time.

Hopefully PR1 are taking this seriously.

Last time this happened to me, the company dropped off the market, became private and is no more. This better not be another one of those. That said, it's looking like a possible outcome right now as it's been so long.

$1000 processed through Vortex in a week, according to the volume tracker. There is something they are not telling us.

Clearly a tweet like this cannot provide more info than an RNS would (legally) That said, if there was bad news, 'legally' they have to RNS it. This hasn't happened.

How you interpret the tweet is subjective. If you're a glass half full type, then positive. If you're a glass half empty, type then negative. So we have a range of views here. Bottom line is, until an RNS lands we don't know for sure. So best to stop speculating.

Maybe this is why the Vortex page seems to have not moved in the past few days. Further improvements, so hopefully we get moving again. I feel this is one of those projects that will drib and drab for a while, then suddenly take the DeFi world by surprise!

We're so under the radar right now.

https://github.com/pendulum-chain/vortex/releases/tag/2026-05-20

@Paulb20 - Didn't the nurse bring your meds yesterday? - I'll have a word, you really shouldn't be left on the ward like this. Poor mite

Dave if that happens, FCA will be the next to know 😉 I'm sure that won't happen though, no-one could be that blatantly stupid.

Another day at One Flew Over The Cuckoos Nest - @Paulb20 sits nodding in the corner of the ward, mumbling "not looking good": "the selling continues": "it's all really bad now" - Along comes matron with his meds and he goes back to sleep for a week.

That sound like quite a bit after 8 Months. "Watch this space" as they say.

Based on September 2025 trailing figures they had about £2.3 Million in cash, of which £1.25 Million is ringfenced and can't be used (CLN change). So basically as of September 2025 trailing figures they had £960K to run the company with. How much is left at this point in time...

Hey blakieboy7 - Thanks for your valued input. You really make a difference to the conversation... Oh, yeah bye! 😘

Is it worth investing at these levels? ChatGPT says:

The bull case is fairly straightforward:

The Mako gas project has now reached Final Investment Decision (FID), which is a major milestone.

First gas is targeted for late 2027, meaning there is finally a visible route to cash flow.

The project is described as “fully funded at joint venture level,” which materially lowers the risk of catastrophic project failure.

The market cap is extremely small relative to what even modest production success could imply.

That’s why some AIM traders still see EME as a potential multibagger from these levels.

But the bear case is also strong:

The company has a long history of dilution and value destruction.

The share price is down massively over 3–5 years.

They still carry convertible debt and recently renegotiated terms to preserve working capital.

Even if the project itself is funded at JV level, EME can still need corporate cash for overheads, debt servicing, or future opportunities.

AIM microcaps often raise money after price spikes.

So whether it is “still worth investing” depends on what type of investor you are.

If you are:

looking for a stable investment → probably not.

comfortable with speculative AIM oil/gas plays → possibly yes.

already holding → the current valuation arguably prices in a lot of pessimism already.

The key thing here is asymmetry:

downside from 0.06p is limited in absolute terms,

but upside could be several multiples if Mako progresses cleanly and market sentiment returns.

***The danger is dilution before that upside arrives.***

A reasonable way many speculative investors approach shares like this is:

only risk money they can fully afford to lose,

keep position sizes small,

and treat it as a binary/speculative hold rather than a core investment.

Really want to come back in here. This share has served me well over the last year. Gut feeling is another raise in the near term.

I asked chatgpt and this is the answer that came back:

There’s a reasonable chance of another raise by Empyrean Energy, but nothing has been formally announced yet.

A few things point toward the possibility:

They already raised money in April/July 2025 via placings and a retail offer to fund their share of the Mako gas development.

The company still has a relatively small market cap versus its funding obligations for the Mako project.

In April 2026 they amended a convertible note and agreed to maintain at least £1.25m cash, which suggests cash management remains tight.

Although the Final Investment Decision for Mako was approved in March 2026, development projects usually continue to require staged funding before production cash flow arrives.

What reduces the immediate risk somewhat:

Conrad secured farm-down/funding arrangements for Mako in late 2025, easing some pressure on partners.

Recent RNS updates have focused more on project progress than emergency financing.

So the key question is timing rather than “if ever.”

My read:

A near-term placing is possible if development costs accelerate or the share price strengthens enough to make fundraising easier.

If they can manage through upcoming cash calls and keep support from Conrad and lenders, they may try to delay dilution until a stronger valuation point closer to first gas.

The biggest warning signs to watch for are:

declining cash balances,

accelerated warrant/conversion activity,

wording around “working capital” in RNS statements,

or a sudden spike in share price/volume (AIM juniors often raise into strength).

From $29,780,057.72 to $29,830,077.89 volume in the last 4 hours. That's a huge improvement 😊

Another day at One Flew Over The Cuckoos Nest - @Paulb20 sits nodding in the corner of the ward, mumbling "not looking good": "the selling continues": "it's all really bad now" - Along comes matron with his meds and he goes back to sleep for a week.

Tw @Brewster123 - Only one 🤡 here and he or she is sitting in front of your screen.

Nice drop this morning. Took another 10,332,758 😊

@Paulb20 - Actually, those sells at 0.03 and above are buys. Micro spread going on today.

@uberSenpai - Just ignore them, don't respond at all. They are obvious in their motives, don't feed their FUD.