EMP 6.25% 0.9¢ emperor energy limited

laurel fm – continuous hydrocarbon shows , page-37

  1. 804 Posts.
    Look guys, I may be over reacting a bit, well a lot really. I have been holding and accumulating here for more than three years now. I like the story and still do, I think.

    The thing I want to know is,

    Obviously Neil with good spin got GRK to invest 3 something million to pay for 20% of nothing really to date. That is a good move I don't question that. But if Backreef is not commercial why waste time and some of our cash at all. We now have clear title but is it clear title of nothing?
    I worry now about the cash burn because we dont have enough to even do a test at Derby when native title is granted.(It says in the ann report that it is now expected in December). A cap raising will have to follow or a 25% farm out.

    It would be nice to have a clear picture of what comes next without just rehashing of the same tired reports we see each month or so.

    If someone can put my mind at ease it would be appreciated.
 
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