Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Possible Singapore deal as early as next week. When Pi see the deal is worth multiples of the market cap the spread will tighten. The graph is pointing to a gap up to 0.6
Is as close as it’s been in a long time. Let’s hope it brings the buyers back!
Have some sustained rises in anticipation of news please!
Apart from those after hours grades, presumably sells but who knows!
But right now I’d take a 10% rose let alone 1000%
I remember this with HE1 TJ. It’s Share price wallowed around for days after posting great news, then increased near 10 fold.
up and we are hit with a 5mil sell, what a ****er this share is
Movement is a joke really. That 30mil had to be a guy looking at the price and time. Any slight movement up this gets knocked down with some tiny sells!
I recently posted some figures which indicated the vast discrepancy between the inherent value of Empyrean's share of Mako and the current EME market cap.
I encourage all investors to do their own research and not listen to strangers without verifying their claims.
https://conradasia.com/investor-centre/
(In the event the URL is censored, go to investors page of Conrad Asia website. Alternatively, the ASX site lists all RNS for each company)
RNS from 2nd February 2024, titled Investor Presentation. PDF will download upon clicking link.
Page 11 of presentation, 2nd header titled Domestic Market Obligation.
The following excerpt is taken from there:-
Conrad is subject to a domestic market obligation (DMO) requirement set out under
the PSC, requiring supply of 29.5% of the Mako gas to the domestic market. The
domestic gas price is $5.5 per mmbtu as agreed in the revised POD
Have to see a TR1 with that 30mil buy from yesterday?
Bullsh-t baffles brains -ask the bod.
Buys are ticking through!
Small sales and big buys, surprised this hasn’t moved more
That being said, a few chunky delayed buys coming through! Hopefully these continue and we surely will see a decent sustained rise
Would be nice to see a little bit more urgency on the rise!
Creeping up ever so slowly....under the radar.
· The Mako gas field is the largest undeveloped and fully appraised gas field in the West Natuna Basin. Gas is exported from the basin by pipeline to Singapore. The competent person's report commissioned as part of Conrad's IPO late last year estimated that Mako would generate gas sales of US$2.4 billion net to Conrad's 76.5% interest (~equivalent to US$266m net to Empyrean)
A separate GSA is as we speak being negotiated for the remainder of the Mako gas resource which is targeted to be exported to Singapore.
That should be announced as early as next week. Then at some point after EME could receive expressions of interest to buy of EME its interest in Mako. And this interest would or should be several times the market Cap.
Market Cap is going to have to jump above the expression of interest. My guess is upwards of $20,000,000. 4/5 times higher than the market values EME.
Massive disconnect here.
The RNS has been digested and we see the move up we should have yesterday!
Gross
Yes,that's right
Augustus … are you $5.5 per mmBTU gross or net?
I presume you are getting this from the financial Conrad NPV projections ?
I know we are waiting on more news but are people thinking this should rise beforehand?
Any ideas why the poor reflection in the share price today?
All I see is positives but not in the one place that matters!
Based on figures released by rns already, we see that the domestic gas sales agreement is priced at $5.5 per mmbtu.
Today we have confirmed for us that up to 122.77 trillion btu has been signed off. This will be at a lower price than the export GSA, but forget that for now. The domestic GSA alone is worth $57.3 million, which I think is around £45 million. Posted after hours so you can dyor before 8am.
Tomorrow will see a delayed rise! Surely after that confirmation and the news round the corner this should be higher