EMP emperor energy limited

Ann: $1.25M Institutional Placement & Appointment of Argonaut, page-39

  1. 796 Posts.
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    So I was at the AGM, all resolutions passed.

    Got the answers to the questions, but won't divulge too much here (sorry).

    The general theme is that with the instos that Argonaut have bought on board the market takes EMP a lot more seriously now. I.e. other big funds are now thinking "If they are willing to put in the capital, perhaps we should look at it", hence the recent SP rise.

    On the same theme, Argonaut provides creditability in the O&G industry, a deal should be more promising with them on board. Considering the funds they've introduced, who will be subs following the next tranche, it's in their interest for EMP to deliver and SP to reflect this.

    in terms of NOPSEMA EP submission and NOPTA License, there are reasons why it's been ticking along and EP not yet submitted, but I have no concerns on either of these.

    Overall, Carl is nice guy, transparent and wants what's best for EMP; don't forget he and the other directors have skin in the game.

    Obviously, all IMO, DYOR etc.
    P.s. my sentiment hasn't changed.
 
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Mkt cap ! $17.76M
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