Emmerson Share Discussion Threads

[trying2getrichquick] 29/6/2020 09:12

What really stood out for me -

1. The appointment of Mr. Graham Clarke as CEO, as he is going to have a mobile full of names & phone numbers for everyone needed to take this to full team stage.

2. He knows where the ex but new equipment is, bought by Sirius but not used. Buy cheap.

3. The statement “This is an extremely important moment in our corporate progression, from junior explorer into a mine developer” as they didn’t use the word ‘potentialR17;.

4. Graham Clarke, CEO of Emmerson, commented: “likely to have multiple financing options available to it.“

This is now a compelling Strong Buy for anyone wishing to buy into a medium/high risk, very high reward company. This is another Fevertree in the making.

[lew82] 29/6/2020 09:04

Sportbilly I think its because a change in CEO is normally due to poor performance or retirement, perhaps people dont understand why this is such a positive move? Anyways I just topped up my little stake as I see this as a huge step forward.

[lynmee90] 29/6/2020 08:59

Absolutely pointless, sooner these shares get snapped up by a buyer for longer term the better.

[sportbilly1976] 29/6/2020 08:52

do people actually read the news released?

could sell for 5.4p on Friday pm...but chose to do so after this morning's news at the same price??
why did they buy in in the first place?

[lew82] 29/6/2020 08:29

This seems positive to me, it signals that emmerson are prepared to take it all the way rather than hoping for a buy out & walking away from project with a smaller return than what this could be worth. From an investors point of view this has to be good news & maintaining HL as a finance director makes perfect sense as he a real asset. My only question is, why now & why wasn't this done at the AGM... could some further good news be coming very soon?

[cyberbub] 29/6/2020 08:21

Hmm.. Mr Market seems underwhelmed at the moment anyway... I guess the new CEO's proof will be in the pudding of getting all the studies and permits completed in the next 6-9 months...

[lynmee90] 29/6/2020 08:08

What excellent news to wake up to! This team is very strong. HL true to his word said this kind of move was needed at some stage. Really glad now he can focus on the financing. What a way to start the week!

[highly geared] 29/6/2020 07:57

Taking it through to construction and operation. The numbers speak for themselves and it provides for both reassurance in terms of finance and pressure on Hayden to deliver. Overall, really good.

[micky67] 29/6/2020 07:54

KCACO, good timing mate lol. Here we go. Already up prior to start.

[apfindley] 29/6/2020 07:45

Fantastic.Hayden can concentrate on the financing now and let the technical and delivery be handed to someone with huge experience.

[mad foetus] 29/6/2020 07:39

SXX messed up in a lot of ways. The project was always going be unaffordable was the main one. It just cost too much, which is why, with billions already spent, BHP were still only willing to pay 5p a share.The other killer was fundraising. They raised a huge amount from shareholders on the understanding that they could get a bond away for the same amount but - from memory - JPM pulled out after the punters had paid in. The whole ting was a fiasco but it was all on the financing side. The building of the mine seemed to go to plan.

[royalalbert] 29/6/2020 07:32

Don't think you could blame GC for sirius, he was operations, said a few times that the mine there would be differcult. Finance was the stumbling block on a complex project.
Emmerson should be a walk in the park by comparison, also finance will be looked after by H, so as a team this should work.

AIMHO.

[micky67] 29/6/2020 07:14

Well true to his word Hayden is now working on the finance aspect of the project and they’ve got in the expertise they require for the construction part of the project so clearly everything seems to be falling into place so looks like they’re going to full production of the mine(s). HL always has maintained other personnel were required to take us to production so again very upfront and honest guy who has got us to this mouth watering stage to date and he, Ed and Phil will now will be getting the finance package(s) sorted out.
The boy done good and thanks to him so far for his honesty and integrity and also for his hard work to date and let’s now hope the finances are sorted out fairly soon as thankfully we only need a relatively small amount in comparison to billions of funding required for other mining projects.

[tim000] 29/6/2020 07:12

Interesting news, Hayden stepping down in favour of someone with potash project management expertise. Good for Hayden, the company comes first.

[cyberbub] 29/6/2020 07:10

Wow - big change - new CEO with decades of potash-specific experience! Hayden to stay on to concentrate on his areas of strength: financing. They will make a pretty formidable team IMO... in theory.I suppose the only niggle is whether coming from Sirius Minerals is the best calling card, given their financing fiasco? Perhaps it's good that Hayden is staying on the financing side!Does anyone know how Graham Clarke was regarded at Sirius? I'm off to do some research.

[kcaco] 28/6/2020 19:05

I’m a very minor shareholder in EML but I have put enough money in to mean a lot to me if it goes well or consequently the other way . I have often seen documents with CEO phone numbers on ... and have often wondered would they answer a call? .
It’s good to know someone has done so and thanks for sharing What you found out during that conversation with HL 👍

[micky67] 28/6/2020 18:17

A video from September 2018 prior to scoping study. This gives investors considering putting their dosh into EML some good background info on the company from a guy who has invested at 3p. We now have the full definitive feasibility study (DFS) which will be used in conjunction with the EISA/ISA reports to gain the mining licence (formality as per previous).
He advised even at $400M NPV it will be 60pence per share. The DFS confirmed we’re now at $1.4Bln and that’s not taking into account the additional resources available. They reckon based on scoping drilling works for some of the area it’s already going to hit $1.8Bln NPV and likely to be higher so if you fancy a fairly certain punt on a small cap share this is the boy.
Link attached (Sept 2018) pre scoping study so now we’re now further down the de-risking of the project and finance discussions, off-take of the products, EISA/ISAs all ongoing now so shouldn’t be long before this rockets. OCP (massive fertiliser manufacturer) on the doorstep !
hxxps://cube.investments/emmerson-eml-the-risk-reward-potash-play/
Have a look and make your own minds up as I’m all in after doing my own research into the whole project and company directors/experience/employees and consultants being used to pull everything together. Suggest you get in quick before the launch.

[apfindley] 27/6/2020 16:03

The homework is good. This is the most compelling (small cap) resource stock investment there has been in the last few years. And a ceo who has a proven track record, and is not here for a lifestyle like those parasites on aim.

[paleales] 27/6/2020 14:31

SocGen, Suisse, Peel Hunt , Goldman sachs TOP PICKS for July recovery
27th June 2020 FT Subscription with screenshot

[micky67] 27/6/2020 13:24

Guys, I wouldn’t have put everything in if I hadn’t done my homework. ESIA and ISAs are complicated pieces of work but even look at the main players actually on EMLs books like the geologists and advisors etc. You’ve also got Phil Clegget, Enrique Sanz and other government linked people involved in the project (over there) so there is plenty experienced and clued up people pulling this together. It’s entirely up to people to do their own homework and decide if they’re in or out on this but my life savings are in here so I’m just awaiting the next RNS to confirm my homework is going to proven right.

[apfindley] 27/6/2020 12:05

Thanks for that info. I hadnt actually looked into who's carrying out parts of the studies, but the scope of what's required remains the same.I've been involved before, in the oil industry, and in particular delivering studies based on benthic (marine life) zone sampling for eis. Believe me, theres lot comes together from many angles to deliver the final study for the clients, whether its land or ocean based exploration.

[on target] 27/6/2020 11:22

Cheers micky. Shouldn't be any issues with travel etc. then since it's a Moroccan company doing the work.

[donald pond] 27/6/2020 10:12

I would also suggest that with underemployment being a perennial problem in north africa, and the pandemic impacting tourism in Morocco, the authorities will be very keen to see the project come into operation as soon as possible. Nothing is a formality, but I suspect the company is pushing at an open door when it comes to getting all necessary permits.

[micky67] 27/6/2020 10:05

Appendix 1. EML have these guys doing the reports.

Phénixa has a strong track record in the delivery of ESIAs to support approvals under the Moroccan regulatory framework, as well as for international financing requirements for mining projects. It has assisted several large-scale mining and energy projects in Morocco, including managing the ESIA process and the Environmental and Social Monitoring Program for the Achmmach Tin Project, owned by ASX listed Kasbah Resources Ltd.

[micky67] 27/6/2020 09:42

Apologies AP, meant to the “guys” over there. I’ll update the post. Was a long journey yesterday.

I know how crucial the ESIA as is the Socio impact report/ISA and obviously the PEA report for the financing agreements which are all ongoing just now.

The ESIA is a key component of all future permitting workstreams, as outlined in the Emmerson's permitting roadmap (See RNS dated 22 May 2019). The ESIA will be completed in partnership with Moroccan headquartered firm Phénixa S.A.R.L. ("Phénixa"). Phénixa have been integral in all environmental and social studies carried out at Khemisset to date.

The ESIA will include multiple studies on the existing area, and the final report will conclude any forecast impacts from the Project, and proposed mitigation measures, on:
· Existing land uses and social settings
· Flora and fauna
· Air quality and noise
· Climate, topography & elevation
· Surface water and ground water
· Archaeology, anthropology, and cultural heritage sites

Hayden Locke, CEO of Emmerson, commented:

"The commencement of the full ESIA is a vital step in our preparation for submitting applications for permits. Once we have a report detailing all environmental and social impact risks, alongside our forthcoming Feasibility Study, we will have all information required to commence discussions in earnest with Moroccan Authorities.

"The ESIA is also a vital component of discussions with financiers, many of whom have already expressed approval for our commitment to complying with international best practice.

"We continue to use local consultants with extensive in-country experience, who have been involved in some of the largest projects in Morocco. Phénixa, in particular, has been fantastic in the work it has completed at Khemisset until now, and we are delighted to have them involved on an ongoing basis.

"Alongside the ESIA, our Feasibility Study continues to progress well and is currently ahead of schedule. We look forward to continuing to keep the market updated with various parts of the study as we progress towards its final release during the first half of 2020."

The Company has previously completed ESIA baseline studies for the broader project area (see RNS dated 12 February 2019 and 18 March 2019). These baseline studies will inform areas of further focus, with immediate workstreams including testing of the selected site area (see RNS dated 14 January 2019):
· Site noise and air quality
· Underground water quality at site
· Surface water quality at Oued Beht river
· Analysis of site topography

Emmerson is committed to developing the Khemisset project in accordance with the highest health, safety and environmental standards. Therefore, as per all of Emmerson's environmental and social studies, the ESIA will be completed in compliance with International Finance Corporation ("IFC") Performance Standards and the Equator Principles. These standards are the global benchmark for the development of mining projects and complying with them is vital for mining projects, especially those seeking finance from international capital providers.

Click on, or paste the following link into your web browser, to view the associated PDF document with pictures included:

If you google the guys employed by EML separately you’ll see their relevant previous track records and achievements. Worth delving in deeper (which you’ve probably done so) into the whole project as there’s been a lot of ground work (lol) done years ago for this project so they’re just pulling together the reports to ensure they get the green light for the full permit and thus conclude the debt finance deal(s).