Emmerson Share Discussion Threads

[kcaco] 05/5/2021 17:09

Anyone else thinking this is about to turn the corner Or am I just being optimistic?
They have done so many presentations... I can’t think what else they can do ?
SP is overdue a rise surely ?

[yellowstoneadvisory] 05/5/2021 12:21

For all those who missed the webinar yesterday a recording is now available here.

hxxps://youtu.be/gtoHEpsudgo

There is also a write up available here: hxxps://www.yellowstoneadvisory.com/post/emmerson-on-track-to-start-construction-by-the-end-of-2021

[mesb48] 05/5/2021 10:39

Despite talking about the phased development plan option, with its lower initial capex bill, they are sticking consistently to their intention to target the higher initial capex project - so they must be confident of funding.

I just hope that approach also drives the most shareholder value because it must mean more dilution to raise more up front finance. I wish Graham would address that point rather than say he wants to go for the bigger project because he's an operations guy and likes to mine.

[donald pond] 05/5/2021 09:54

All down to funding now. The trump card is of course any off take or royalty arrangement and the new chairman runs Trident, a mining royalty company. I think there's a big game of bluff being played with OCP. Everyone knows the best solution for everyone is for OCP to buy virtually all the potash Khemmiset produces, but once you accept that, why wouldn't OCP buy the whole project now?

[qsmeily456] 05/5/2021 09:07

A CEO who makes a "hash of it" is a poor CEO. Then there's the fact it was a question from an amateur.....now thats even funnier 🤣💦

Stay clear of this ramped 🐕‍9466; its a piece of 💩

The biggest weakness is the BOD don't know what they don't know!

[nash19] 04/5/2021 16:22

Financing is clearly a question of next 6 months, it appears there are numerous options and management have no hesitation in say6circa 30% equity. That's v strong.There was some questions about board and management buying shares. I actually thought the CEO made a bit of a hash of answering it, but more importantly it's an amateur question asked some amateur. I couldn't give a toss, once management are up to their nostrils in options and keen to stay around it means they believe. This rubbish get stated on here repeatedly and it's rationale but amateur.

[qsmeily456] 04/5/2021 16:15

Anyone still awake and not shot themselves 🤣💦💦💦

[gateside] 04/5/2021 16:04

Good presentation.Lots of milestones ahead this year and aggressive forecast is starting construction by end of year.

[cyberbub] 04/5/2021 12:44

Chairman Elect, Emmerson's resources are potash, not phosphate.Good news on agro commodities rising fast though....

[nash19] 04/5/2021 12:24

My hope for presentation today is people get a sense that this project will be financed and thats its more a question of when, by whom (a strategic or fianncial) investor and obviously on what terms.My belief is this will be announced this year and probably in Q3.If that were to happen the value of this project will transform.

[yellowstoneadvisory] 04/5/2021 11:56

Its at 3pm today

[yellowstoneadvisory] 04/5/2021 11:56

Just a reminder of todays webinar with Graham Clarke, CEO, who will provide an introduction to Emmerson Plc and explain the investment proposition for this exciting Potash project in Northern Morocco. Register
hxxps://us02web.zoom.us/webinar/register/2016191061540/WN_DiDX4tHmQOyx4Svhd3DZWA

[the chairman elect] 04/5/2021 11:20

Slightly off topic but still of interest to EML shareholders [see extract of article below]



A number of articles over the weekend have highlighted the rise in fertilizer prices which have been depressed for the past nine-years.

The Covid-19 crisis caused governments to move to help protect and ensure food supplies through favourable credit to farmers as consumers raised food stocks.

The turnaround caused Mosaic, the largest US-based fertilizer company, shares rise to $35/s today from $11/ a year ago.

Rock phosphate prices have risen to $88/t from $70/t a year ago though this is still far off the peak of $450/t .

Keras is producing organic phosphate at its Diamond Creek mine mine in Idaho.

Diamond Creek is the highest grade organic phosphate mine in the US containing a 28% Phosphorus pentoxide ‘P205' premium product with minimum 14% available phosphorous.

The mine’s first batch of organic phosphate fertilizer product for around $260/t last year with sales expected to rise to 48,000tpa in 2024.

Costs at the mine are estimated to fall to around US$92/t from an initial $229/t indicating margins should grow from here.

*SP Angel act as Nomad and Broker to Keras Resources

[westie50] 04/5/2021 10:55

Rajawali yes and it was quoted on a recent podcast that Potash tends to lag the likes of Soy, Corn, Etc by about a season. So the fact Potash was recently quoted as being over $300 per tonne bodes well for future rises, and for EML.

[mesb48] 04/5/2021 10:52

Hope the presentation today clarifies the phased development strategy RNS comment about still intending to build the full scale plant. I'm confused whether financing is focusing on the lower or higher initial capex bill.

[rajawali] 04/5/2021 06:47

Soyoil futures hits the highest ever for a nearby futures contract. All the underlying commodities that determine the demand side of the equation for potash are on fire.

[qsmeily456] 02/5/2021 22:22

The management are credible industry figures, 

Really?.......you need to check out their past 🥸🙃🥱 and then there's the shift to AIM 🤣💦

[cyberbub] 02/5/2021 20:07

Nice link Westie. We need to get on with building the plant ASAP!

While it's been slower progress than some of us would have liked, I have no fear that EML is some sort of 'lifestyle company' or even an outright fraud. These certainly exist in the stock market, I have personal experience in the past... especially in the microcap space (I don't class EML at £50M as microcap). However there is too much evidence and reporting published already for EML to be anything other than legit IMO. The management are credible industry figures, the resources are clearly there, and the Moroccan govt have not issued a full detailed mining permit based on a fantasy application, without a review process.

The only thing remaining is a funding deal which minimises dilution for LTHs. Then we're in business :-)

NAI

[qsmeily456] 02/5/2021 11:20

Pimping it around after diluting the 💩 out of your investment.

I pity the new investors because like you they'll be shafted and fed a load of bull 💩 while the BOD take their pay and freebie share options.

Not seen any of them invest their own decent cash in this....and now you know why

cyberbub

1 May '21 - 10:19 - 5142 of 5151

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It's interesting that recently I have been seeing adverts for Emmerson online and in social media feeds. So they are clearly running a targeted marketing campaign at potential (or in my case actual) investors. Encouraging.

[cyberbub] 02/5/2021 10:02

Chinahere, I think they definitely plan/intend something like that.

[chinahere] 01/5/2021 20:45

It sounds a great way to raise Cyberbub.

Perhaps EML should be made aware of this FAR example as a potential idea?

[laurence llewelyn binliner] 01/5/2021 19:21

Great to see this moving forward, ML done, EISA approval next..

If fund raising goes the usual route, 65/35 debt to equity, selling it to the banking syndicate means a discount to VWAP, so I am expecting no different here, a flurry of presentations to grease the wheels on the SP, 7/8p then back to the discounted raise price.., Institutions don’t often pay a premium at the start, it would be great to see it happen but just not realistic, if the banks do not get offered a discount they wont buy it and will just wait for the next project/BOD/pitch to walk through the door, phase 1 gets the project moving forward, phase 2/3/4 funded from cash flows and the carrot being dividends 4/5 years out for the duration...

A robust project driven by GC and team, I watch with interest as he pulls it together, adding along the way... :o)

[cyberbub] 01/5/2021 18:58

Well I reiterate look at FAR. share price was 10p, a strategic investor came in with their first large tranche at 9p, and commitments to substantial further investment at 25p and 78p! If they make their full investment then their average buy-in price will be 25p, some 150% above the share price when the deal was announced.Under the new reduced-dilution plan, even if the full £60M equity were raised at 6p (NB I would see this as a failure of management and don't expect this), it would still keep the total share count below 2bn. TBH if the company were making $491M EBITDA as per their 15th April RNS (which I reckon is about 11-12p EPS after taxes etc, with 1.8bn shares), the share price should be 100p or more. OK throw in some pessimism on the potash price and say a very conservative 50p share price. Plus fat divis for decades.So IMO for LTHs it's very hard to see anything other than a very strong investment case in any scenario, from 5.7p...No advice intended etc