Me - related party... naah, I'm just a SH and a chat site pundit wanting the best for my investment.
Look, I get it - you have concerns that Herencia hasn't been named in the EMP announcements and that Carl (and Phil - Pending) are also on the board of the 'London based unlisted company'. Fair play, concerns you, doesn't concern me.
But I wouldn't compare EMP to Waratah Resources
- Waratah have nothing to do with EMP, not related whatsoever
- Waratah lied about having a 100M funding facility.
- EMP have not lied about anything.
Lastly - as mentioned - these Gold MLs are simply a Side-Hussle for EMP, generate some cash/cash-flow so they don't need to go to market with CRs every few months. Gas is what investors are here for. EMP are 85% complete with their Environmental Plans (via AGR), they should be submitted to NOPSEMA soon IMO.
ACCC call out EMP/Judith as a project that should come online in 2028, and out of all new supply projects not yet approved for development, ACCC only suggest financing as a risk, unlike the others in the
Gippsland Basin with Commercial, Infrastructure and Regulatory Approval risks.
Source:
https://www.accc.gov.au/system/files/Gas%20Inquiry%202017-2030%20-%20December%202023_0.pdf (Page 65)
All looks positive for Judith/P47 IMO, just need to hold/accumulate at these prices and let management get on with it... not worry about how EMP refer to "London based unlisted company" instead of "Herencia Resources".
