Date | Subject | Author | Discuss |
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24/5/2025 09:19:26 | https://x.com/DonaldPond6/status/1926187818499342478?t=HIUxwW2F-jouFzX-UylBBg&s=19Please like and repost if you are on twitter. Also think of writing to the Embassy and your MP |  foetus in your brain | |
02/5/2025 07:26:36 | And meanwhile any sensible company or government should take absolute care in dealing with this 3rd world tin pot country or better still avoid like the plague. |  joe say | |
02/5/2025 07:14:40 | #Amt, BOD and management are in for 6% too, but after the litigation slice costs all we can say is the distribution to shareholders should be many multiples of the current share price .The USD 2BN NPV will only be the starting point, 18/24 months time cost and interest on top of everything else already invested, it is worth holding and waiting as I see it, the company has cut costs to the bone and can keep going to get to the end result.. |  laurence llewelyn binliner | |
01/5/2025 22:55:38 | I wonder what the share is with the legal people over and above the costs mentioned, if any ? |  amt | |
01/5/2025 12:22:43 | Graham Clarke, Managing Director of Emmerson PLC commented:
"The completion and lodgement of the RFA with ICSID is a significant step and marks the formal commencement of the litigation process. The Company is working closely with our lawyers at BSF and as a group we remain confident in the merits of this case. We look forward to providing further updates in due course". |  pangrati | |
01/5/2025 11:31:50 | Worth remembering that emmerson and the previous owners have sunk a combined 100 mill + into khemisset, so whatever happens I would expect that to be absolute minimum award, regardless of any other outcome regarding the projects expropriation.Also a massive conflict of interest in the room is one of the directors of OCP, mostafa Terrab, (the state run fertiliser powerplay, owner of the adjacent potash license, and of course now exposed as a rival) is that he is also sitting on the decision making committe at national level for Moroccan development. So a MASSIVE CONFLICT OF INTEREST.Moving onto the figure mentioned today by the Company, as I've said since arbitration came to light, it's critically important what emmerson have done for the past 18+ months in making an issue of the npv8 value of khemisset and of course this will be used as a strong justification for the DCF discounted cashflow valuation which they will use as part of the huge headline figure which they will announce they are seeking in due course. |  apfindley | |
01/5/2025 09:53:41 | This should have been a no trainer, the world needs Potash, Morocco could be a major producer, Emerson have jumped every hoop apparently but after investing millions the project gets blocked. Now 2 years which could be strung out to 10 etc. This is what happened to VAST resources and their parcel of Diamonds -Why? Payback for colonialism or something else fishy? The fish stinks from the neck down. I'd be intrigued to see what Emersons cost base is during this period of inactivity? That might tell us alot. It should be pretty low. |  goggin | |
01/5/2025 09:41:20 | They have breached the business treaty - simple, could be a wait for the next update, but a big step forward nonetheless to get it lodged and registered..
Losing the confidence of the world bank would be a huge hit to their investment charter aiming to encourage inward investment to Morocco, who would even think about it with the red flag of expropriation risk raised and flying high.. |  laurence llewelyn binliner | |
01/5/2025 09:40:47 | Morocco is regarded by enforcement experts as being easy to enforce against. There have never been historical problems enforcing |  foetus in your brain | |
01/5/2025 09:31:36 | Good RNS, sets out clearly what we shareholders need to know. Sit back and various civil servants of Morocco are about to get a two year roasting. EML, have funds to carry this through. |  allinforabigprofit | |
01/5/2025 09:29:16 | They will lose the confidence of the World Bank. That could curtail any loans. Be too risky to any lender, include the World Bank. |  allinforabigprofit | |
01/5/2025 09:21:07 | The Moroccan government can just say no can't they.
What are we going to do .. send a battle ship? |  undervaluedassets | |
01/5/2025 08:27:04 | Even more corrupt than some western governments we could mention |  joe say | |
01/5/2025 08:21:49 | That should put the cat among the pigeons. Moroccan govt must be under real pressure now. |  fozzie | |
01/5/2025 08:18:39 | Today's $2.2B claim makes it app. 70 times the current mcap. Good odds especially with BSF at the legal helm. GLA. |  dumbo4 | |
23/4/2025 13:03:19 | Yes, that report is much better than the broker research I accessed on Research Tree and that Peter Emmerson Potash sometimes used to post on twitter.
We have come down from 2p to 1.5p over the past month but its been on low volumes. I guess a few people just took profits - or maybe cut losses if they had been in it for years. |  ham74 | |
23/4/2025 12:45:43 | Thanks. Also pinned on his twitter feed is his arbitration analysis document which is fairly good read. |  apfindley | |
23/4/2025 09:47:01 | Yes, we should get the statement of claim some time over the next few months, according to Marcin Michalek on X/twitter. This will set out how much compensation is being sought.
In fairness, they got the litigation funding in place in only 2 months - that can sometimes take 9 months.
If you start the clock when they announced their intent of a dispute, the timeframes are in line. |  ham74 | |
23/4/2025 09:34:41 | Nearly 6 months into this "dispute" now.It's time for some update on what course they're taking and what the quantum of the claim will be if they're going down that route. |  apfindley | |
18/3/2025 07:03:38 | So the BOD and management retained will get their 6% of the award, Burford get their slice (tbc) and the company will retain the balance to distribute back to shareholders..
Now we will see how long phase 2 of the litigation takes after tranche 1 drawdown to get the Moroccan Gov to the table.. |  laurence llewelyn binliner | |
18/3/2025 06:39:43 | In this case i.know multiple funders were interested. That may down the cost a little but the rule of thumb is that the Dundee gets their costs back plus 25-30% of the rest. But it is all negotiable. |  donald pond | |
17/3/2025 20:20:50 | 02.01.2025 - in the case of a successful settlement or award, the return to the Funding Party shall be based upon the greater of a multiple of the final drawn‐down amount or a percentage of the final award..
No further details given (yet).. |  laurence llewelyn binliner | |
17/3/2025 20:01:30 | No they won't get half.It would be 2 parts. Firstly a flat agreed fee (to safeguard their exposure), so from any award they would take X million before the company get anything. Secondly it will be an additional percentage of the final award (and could even be a sliding scale). |  apfindley | |