Emmerson Share Discussion Threads

[sportbilly1976] 14/7/2020 16:37

hopefully another blue day tomorrow given the shocker of a UT trade there at 4.7p

[1airbag] 14/7/2020 16:04

they want me to pay 4.87p for another 100k.

[1airbag] 14/7/2020 16:01

took 100k instead of the original 200k

[cyberbub] 14/7/2020 15:58

I think there maybe a decent sized sell published after close...

[sportbilly1976] 14/7/2020 15:51

airbag, IG will get me a buy quote on that for just over 2.8p...suggesting they would execute but at a premium - 4.827p

[korvet] 14/7/2020 15:42

It's a true skill, I pride myself on my ability to buy into a share and watch it drop. Today is a perfect example. Sold the share price 500, it's up. Bought BRWM, it's down. Tell yus , at this rate we'll soon be in the cardboard box outside the shopping centre, which will have shut down.

[1airbag] 14/7/2020 15:41

just tried to buy another 200k and Harg Lans won't fill order. will let me buy 100k at 4.77p.

[donald pond] 14/7/2020 15:30

I really am surprised anyone would sell out now. You had a chance on the spike up to 6.5, then on the slow drift back. Why would you sell just as it appears to be picking up again. But it happens time and again across all shares, people always seem committed to buying at the top and selling at the bottom.

[cyberbub] 14/7/2020 15:25

We still need to see volume pick up, or a volume spike, IMO, to see the back of Mr Seller...

[cyberbub] 14/7/2020 15:11

Looks like my 250k ticked the price up :-)

[sportbilly1976] 14/7/2020 14:36

nice to see some buying interest returning here

[cyberbub] 14/7/2020 14:28

I just took another 250k.

[apfindley] 14/7/2020 08:27

Have to laugh. Amur flying and now have a similar cap to eml, but haven't even progressed to the bankable study stage yet.

[micky67] 14/7/2020 08:05

Cyber, the finance question was dated October 2019 before the new DFS so the increased figures we will have shortly $1.8 Bln NPV for starters will almost certainly attract the full whack of debt finance. Finance likely to be from OCP for the full off-take or maybe something out of the blue which I’m sure Hayden will have total control of with the finance dealings ongoing just now. The new DFS will hopefully confirm if we can get access to the bulk of the middle section should take us over $2 Bln NPV. So just a case of sitting tight and let you guys play as I’m loaded up up to the max as I think a few others in here are too. There was a 1.4 million share purchase on Friday so that guy has the same confidence in this project as we do.

[cyberbub] 13/7/2020 23:38

Jeez 4p would have to be a serious back-up-the-van oppo IMO! Hopefully we won't drop that far, but it just depends how desperate Mr Seller is I suppose. I'm down £20k for every penny but am not worried. GLA NAI

[ilostthelot] 13/7/2020 22:49

Cyber- At round about this price the chart peaked in 2018 then on the way back up in May it paused here. I'm hopeful it'll provide support now.. I could be wrong! If not then I'd expect a retest of 4p.

[cyberbub] 13/7/2020 22:16

Yes there should be no problem attracting equity finance to invest here, given the excellent economics. The only question is what will the investment share price be? I would be very disappointed if it was under 10p, given the NPV here. 12-15p should be achievable even today IMO.

[micky67] 13/7/2020 22:10

Direct question previously made to HL with his answer below so now with the improving DFS figures he’ll be negotiating better terms and hopefully more debt finance from the investment organisations. Sirius has struggled to get finance. How will you fund the mine? We have already had early engagement with several potential debt financing parties, one of whom provided Emmerson with an indicative debt financing proposal. This showed that it would be willing to finance around US$230 million, or roughly 60% of our construction cost based on the current capital cost estimates. Importantly, this early indication was made using very conservative underlying assumptions in the financial model, and the Company is confident that it will be able to negotiate better terms in several areas, which would increase this quantum and thus reduce the remaining amount to be financed. This leaves the equity portion to finance. The Company is engaged with numerous potential sources of capital and will continue to progress these options in parallel. These include both financial and strategic investors. On the strategic side, there are several fertiliser industry participants for whom a secure source of potash would be highly valuable and, given Khemisset's low capital cost, Emmerson presents a much lower risk entry for these groups. This presents several opportunities to attract equity finance to construct the mine.

[cyberbub] 13/7/2020 21:50

You mean about 4.4p?

[ilostthelot] 13/7/2020 21:43

Looking at the chart I'd suggest that the old resistance will now turn support at this price.

[1airbag] 13/7/2020 18:21

fozzie - agreed. Go away and come back every month. Not one to watch constantly. Different if you're still adding stock but if you're fully allocated just checkin every month. Nobody ever times it right and gets the bottom with these types of shares.

[micky67] 13/7/2020 16:31

We’re taking at least $1.8 Billion NPV with EML and probs more so let the team dot the I’s and cross the T’s to get everything in place then we’ll all be in a severely drunken state in a few months’ time (or probably sooner) with the expertise EML have on board throughout the organisation I’m extremely confident this is a solid investment and a fraction of the funding required with probs only a 2 year or less payback if they do more salt. The current DFS reckoned based on the $1.4 NPV was only a 2.6 year payback so a nice little earner around the corner especially that they’re now talking about expanding the mine to utilise the resource available on the site. Good things come to those who wait.

[fozzie] 13/7/2020 16:28

If peeps are worried on seeing their investment here slipping slightly i would respectfully suggest that they have got their position size wrong. This was always going to be a long game with plenty of ups and downs. As ap says above, if you have done your research and have invested an appropriate amount (for you) then honestly i think you just drop these in a bottom drawer and check once a week/fortnight.

[apfindley] 13/7/2020 16:17

Why?This isnt syrius.And it's not Sirius either.I thought you wouldve researched enough before investing to know the differences between the two companies and the reasons for the failure of the Sirius funding, which was over ten times what eml need.

[yasyas1] 13/7/2020 16:11

I do look at syrius at times and try not to panic