Emmerson Share Discussion Threads

[trying2getrichquick] 09/7/2021 21:28

Fingers crossed for next week

[laurence llewelyn binliner] 09/7/2021 20:45

#tryingtogetrichquick, I have always expected OCP to be the sole buyer for our product and keep in local to where it is mined, shipping it anywhere adds costs and makes no sense to me at all, the road de-icing salt I was not so sure on the end user market for that by product, but I had deduced not much is needed in the Sahara..!

On funding, my expectations are around a discounted raise to VWAP, OCP becoming a significant shareholder/partner in the project and directly providing some of the funding is certainly a strong and logical possibility..

The ESIA is ever closer now.. :o)

[trying2getrichquick] 09/7/2021 18:53

I’m sure you’re correct with OCP, but I’m also sure, finance is provisionally agreed, but nothing can be done until this blooming ESIA has been signed off. I have watched every webinar, and listened to every podcast, and there has been strong hints that OCP will provide the funding, and take all of the SOP and MOP, with salt going to the USA. There is even talk of EML mining for potash, on behalf of OCP (as they also have a huge amount of mineable land).

[fozzie] 09/7/2021 18:09

OCP has always been the only game in town in my opinion and I am concerned that we still have not worked something out with them finance wise. Would it come as a big surprise if OCP managed to get a sale here way below inferred value?

[westie50] 09/7/2021 12:16

Excellent comments as always DP. I really think the massive underlying value here will come to the fore in the not too distant future.

The fact figures between 20p and 140p are being quoted just reaffirms the massive potential.

[cyberbub] 09/7/2021 12:10

Not aware of any export permits being mentioned in any documents or presentations, Donald.

[donald pond] 09/7/2021 09:34

My biggest concern is whether EML has any option other than OCP. Do we need an export permit to ship the potash? If so, OCP may be the only game in town. I wonder if the permitting is being used as a lever in the negotiations? The disconnect between share price and underlying value is so huge that something has to give

[apfindley] 09/7/2021 01:41

No chance.Your 20p at 200mill...but with an npv8 of 1.4bn....would rather imply a price of 140pand that was at potash prices nearly half of what they are right now..Dont sell yourself out too cheaply cyber...this is a long term hold for high yield divs or a much higher shareprice for an exit.Be impatient and you will be fulfilling the classic adage of the "transfer of wealth..." blah blah.

[garryvaughan] 09/7/2021 00:10

Hopefully we will be asking a bit more than 20p from OCP in September...

[cyberbub] 08/7/2021 23:47

Come on OCP! Play your cards! Come for an Emmerson tasty takeaway in September at 20p! :-)Jeez, 20p is barely $200M... For a nice 40-year resource of a strategic mineral right on OCP's doorstep...

[apfindley] 08/7/2021 19:26

Hmmmkaay.Interesting.Links up ocp?

[donald pond] 08/7/2021 18:32

This is more interesting htTps://twitter.com/lalloubane/status/1413159217129721861?s=21

[trying2getrichquick] 08/7/2021 09:58

You have to add a capital letter for the URL to be clickable -

[donald pond] 08/7/2021 09:40

More thumb twiddling at head office https://twitter.com/emmerson_plc/status/1413055048083460098?s=21

[donald pond] 08/7/2021 09:35

Assuming the final permit is on track, I would hope that by now the financing is 96% done. But who knows?

[cyberbub] 08/7/2021 09:17

Well I think most of us are agreed that someone would have to pay 20p minimum to buy us out post-ESIA?? Mr Market will of course decide!NAI

[westie50] 06/7/2021 17:35

Ah buyout!!now you’re talking my language😂
28514;

[cyberbub] 06/7/2021 15:51

Well let's see. Hopefully the ESIA will give the share price a boost. And not forgetting that the ESIA will not only enable a funding package, but will also enable a (potential) buyout as well!

[westie50] 06/7/2021 14:36

Yes i'm aware of the maths. For me, it's all about persuading a suitor to invest at those levels and beyond when we're stuck at 5.5p. If the share price starts to move up before a funding deal is finalised then i'd feel more confident. I'm aware of your FAR analogy. Believe me i'd be ecstatic if we were to achieve something similar

[cyberbub] 06/7/2021 14:26

Why is it a tough target? $130M = £100M. If we can achieve an average issue price (across a staged investment) of 8p or more then we'll stay below 2bn shares...

[westie50] 06/7/2021 12:11

I'd be over the moon with shares in issue below 2bn. That's quite a target to set though. I'm comfortable we have the best men to secure a deal Cyberbub is alluding to. If they can't do it then no one can.

[cyberbub] 06/7/2021 11:33

We should be able to secure a 70-30 debt-equity deal. So we need about $130M in equity for the 'full monty' development plan. Or about $90M for the staged plan.The *only* question that matters is the (average) share price at which the equity is issued ie how many shares issued. When FAR were at 10p they secured a deal with a strategic investor which saw a lot of equity taken at 9p, but also substantial future chunks committed at 25p and 78p(!). The average price for the total investment will be 25p. The share price is currently substantially above that.A similar deal for EML would be great. Get the share price back up towards 10p, issue 50% of the equity at 9p and the remainder in chunks at 15p and 25-30p, say.As long as we keep the eventual shares in issue below 2bn I think we will all be very happy when in production!NAI

[trying2getrichquick] 06/7/2021 11:05

We are so close now. Just need to put this ESIA ‘to bed’ and then, it should be ‘plain sailing’ to a certain extent