Emmerson Share Discussion Threads

[yasyas1] 03/8/2020 15:31

Not happening anytime today

[sportbilly1976] 03/8/2020 13:22

need an afternoon rally then to get your doji...

[on target] 03/8/2020 11:45

I thought there was some site work still required for the ESIA?

[micky67] 03/8/2020 11:19

Lahcen advised the ESIA and the SIA were basically done in the same timescale as the FS so now GC will be going over them and also the existing FS, amending them all to incorporate a larger scale project and adding the SoP project plant etc onto the docs. Just wait and see as it’ll all come to fruition soon enough. They wouldn’t have brought in GC otherwise if they didn’t know this was a goer.

[yasyas1] 03/8/2020 11:09

Yes you would have thiught so but then share price would have increased

[yasyas1] 03/8/2020 11:08

Yes this is alarming overall covid figs nit too bad but last month really steep in comparison! Thus will probably have a impact on timelines

[on target] 03/8/2020 11:04

I am more concerned about the dramatic rise in cases and deaths in the last week to 10 days. Have a look at these charts:



This has got to make the expected 10/8 date for coming out of lockdown unlikely I would have thought?

[micky67] 03/8/2020 10:51

Ontarget
Last updated: August 03, 2020, 09:42 GMT
Morocco
Coronavirus Cases:
25,537
Deaths:
382
Recovered:
18,435

Not too bad compared to here as we’re in the premiership.

[on target] 03/8/2020 10:34

Have people been following the coronavirus situation in Morocco?

[sportbilly1976] 03/8/2020 10:28

placing was reported as over-subscribed.

so theoretically all those who missed out should now be buying what they would have wanted to get in the placing??

[rpt_regal_petroleum_buy_now] 03/8/2020 10:20

Buy JKX - best buy at the moment in O+G sector.

Up yesterday against market trend, up again today 50,000 buy just landed.... Stock is tight.

11,000 boepd production|||pe 2.6 ||| price to book value 0.20 ||| Return on Capital. 14.4% ||| Return on Equity 12.3%. |||Operating Margin. 31%. |||book value £146m ( present MCap £30m!)||| earnings yield 125% |||book value per share 85p |||EV £19.9m |||debt free |||cash rich ||| Gas prices rising

[yasyas1] 03/8/2020 10:16

Hope so. Having a naff day red on everything but was hoping that this would be on up by now. Sadly 20% down but keep reminding myself its knly s matter of time hopefully and i am in it for long run

[parob] 03/8/2020 09:23

Wonder if today will be the final flush out before it turns. Would like to see a dragonfly doji on the chart with decent volume. Tempted to add more.

[grannyboy] 03/8/2020 08:42

Support looks to be at 4p, might look to buy in if it reaches that level?!

[sportbilly1976] 03/8/2020 08:33

well now you get to buy cheaper than the placing participants, and the share price now on the longer term rising support line

[micky67] 31/7/2020 09:51

EML’s newsfeed has been pretty good so I’m sure HL or GC will put something out soon probs re the new DFS figures including the SoP and additional resource which will increase the NPV. They might also advise that ESIA and Socio Impact studies are nearing or are hopefully completed. Lahcen did advise the ESIA works would be completed in a similar timescale to the first FS so maybe they’re in the process of amending them to incorporate a larger scale project including the SoP plant etc.

Just all part of the process and after spending over £20M on the project to date they’ll want to ensure they get everything through and approved by the local authorities. HL maintained they are trying to accelerate the project but obviously looks like they’re going bigger to hopefully secure more debt finance.

[qazwsxedc69] 31/7/2020 09:03

Drifting here, and its likely to continue for a while IMO whilst a) we await next news and b) Gold continues to go gangbusters.

Still - I picked up a few more this morning and will continue to accumulate.

[1airbag] 29/7/2020 16:11

Highly - Is an ascending wedge a bullish signal? I was not sure you can simply ignore the Covid 'bit' of the chart as trade did actually take place down to nearly 2p.

[micky67] 29/7/2020 16:08

Highly geared, the chart will probably be irrelevant once the new DFS (likely to be first RNS) is announced. Then will come the mining licence, off-take agreement and possibly same time as the debt finance announcement is made. Time-scale wise it’ll be later this year or Q1 at the latest for funding so we should see plenty movement between now and even Q1.

[highly geared] 29/7/2020 15:43

For all you Chartists , there’s an ascending wedge forming capped at 6p with the lower support uptrend intersecting in about 12 months. If this pattern holds, break out will be June/July 2021 that should align, timing wise with finance , following the mining licence and environmental permits.

[sportbilly1976] 29/7/2020 12:27

I'm happy, in the absence of news to the contrary, to continue to add and build my position at these levels.

ESIA , funding, FS news could easily re-rate the Company valuation significantly and quickly.

Lets see where the share price is at Christmas 2020 and again in 2021....my target with the current shares in issue remains in the 60-100p range when production up and running.

[micky67] 29/7/2020 11:55

Hopefully GC can trim the capex further but he’ll also be looking at the middle section too to get into the extra resource thus increase the project NPV further to over the already expected £1.8 Billion they expect to be at (without the additional middle section). Just need to sit tight for the updated FS and then ESIA submission.

[highly geared] 29/7/2020 11:48

Ignoring the March crash down, the bottom of the rising trend ( resistance line) is currently at 4.05p. In the absence of news , this will probably drift until the line is hit at 4.1-4.2p region. At that point it either provides support and the price moves up or it doesn’t.

My own view is this will be a slow grind between 4-5p over the coming months until key milestones are delivered, the mining licence and environmental permits being key.