Emmerson Share Discussion Threads

[qsmeily456] 06/10/2022 10:30

🐓🐓🐓 capex has gone up 26% u 🐘🤣🤣

Steel has gone up over 30% alone not to mention rises in cost of borrowing 🤣🤣

[cyberbub] 05/10/2022 16:54

We don't know, is the answer. Personally I don't really care, the end result is still a share price way north of 50p in time, with fat dividends. Meanwhile we wait in frustration...

[lendmeafiver] 05/10/2022 16:39

In terms of capex, what is the plan now? Phased approach to the build starting with a small plant, or the whole lot in one?

[cyberbub] 05/10/2022 15:50

Yes the capex cost will have increased (maybe 10%?) but the potash price has trebled... I'm sure any funders will be able to do their sums in this regard...

[mesb48] 05/10/2022 15:36

Problem is I think everything has dragged on so long, the capex figure is 2 years out of date. Not much point the broker updating other assumptions if they don’t have an update on that one imo.

[the chairman elect] 05/10/2022 14:35

"Updated short term RISKED share price target raised to 12.6p on EISA permit receipt"

[the chairman elect] 05/10/2022 14:00

The brokers LIBERUM BUY note can be found over on Tw*tt*r

[qsmeily456] 05/10/2022 13:58

🐂💩 rampers insiders and connected parties spouting what the company feeds them......all wrong like their 10p to 5.7p missed opportunity 2🤣🤣🤣

[laurence llewelyn binliner] 05/10/2022 13:39

#The Chairman Elect, have you got a link to the Liberium note, or some key extracts..?, targets..?

[cyberbub] 05/10/2022 13:38

Sounds good Chairman, what is Liberum's latest target?

[cyberbub] 05/10/2022 13:37

O/TXlinks is a very good and environmentally sustainable project in theory, although it must be losing a fair bit of energy having such a long undersea cable to bypass the EU tyranny. But my main concern with it is that such a long cable is vulnerable to sabotage by Putin. A couple of small bombs delivered by submarine could instantly sever 8% of UK power, causing chaos, and taking weeks or longer to repair. (The same applies to the North Sea energy infrastructure, both oil pipelines and wind power cables, it would be very easy andnwuick for a submarine actor to sever a huge chunk of the UK's energy demand).

[the chairman elect] 05/10/2022 10:05

Brokers Liberum have published a new note on EML today with an increased short term risked share price target on EISA permit receipt. Makes you wonder if [finally] it is imminent as in the coming days/weeks?

[qsmeily456] 05/10/2022 08:32

Who bought at 6p prize 🐓 🪑👩‍✈️ reject 🤣

[the chairman elect] 03/10/2022 08:45

Yet another TROLL for the FILTER

Terminator1011 Oct '22 - 22:35 - 8359 of 8359 (Filtered)

[cyberbub] 01/10/2022 21:50

Yes true, I forgot that the share price of the retail offer was 10% above the share price at the time... Hopefully that situation is being corrected at the moment??

[lendmeafiver] 01/10/2022 21:40

Had to be done by midday on the day, not enough time, plus you could buy on the market for less that 6p anyway.

[gateside] 01/10/2022 21:13

You only had until Midday on the day of the RNS to take part in the offer!
So many PI's will not have had a chance to take part.
That will have limited the take up, of the placing.

[cyberbub] 01/10/2022 20:42

The company did the decent thing by offering PIs a chance to subscribe for shares on the same terms as the placing. Many companies on AIM wouldn't. I note however that the response wasn't overwhelming...! I suppose a lot of people are holding on to cash at the moment...

[cyberbub] 01/10/2022 20:37

Plenty of possibilities Binliner. If OCP want to take a JV with us and fund the full construction at their risk, they could easily do that. Leave existing investors with 30% of the project as a free carry - cha ching!?! The only complication in that scenario is the Singaporeans now.Or buy us out at 25p sometime soon - it's worth more in 3 or 4 years time but I'd happily take 25p and walk away with all risk eliminated. I know others wouldn't - fair enough.The recent placing is a bit frustrating but not entirely unexpected TBH - mining investment *always* take longer to come to fruition than anyone expects.

[laurence llewelyn binliner] 01/10/2022 07:26

The Company is now funded to complete basic engineering work, remaining permitting and project financing processes through to a construction decision.

This is the interesting part of the journey for Khemisset now, and could there be a clue above as to who builds the mine out..?



OCP began phosphate production in March 1921 in Khouribga, with exports via the port at Casablanca later that year. A second mine opened in Youssoufia in 1931, and a third in Benguerir in 1976. The company also diversified into phosphate processing, opening chemical facilities in Safi (1965) and Jorf Lasfar (1984).

In 2008, the company became the OCP Group S.A, owned by the Moroccan Government and the Banque Populaire du Maroc, so it is unlikely they would struggle to finance the project..

With sole access to more than 70% of the world's phosphate reserves, OCP takes its role as custodian seriously. We are a state-owned company which adheres to international standards, driven by long-term performance. With our legacy of growth and delivering value, we always challenge ourselves to go further and do better – working to create a sustainable future for both our mining operations and our communities..

Phosphorous is used in many products, and is an essential ingredient in all fertilizers. Morocco has 70% of the world’s phosphate reserves, and OCP is responsible for mining, processing, manufacturing, exporting and maximizing its value..

OCP will without doubt be a partner, off-take holder, and/or equity holder, or will they simply make a bid and become owner/operator, while EML stand back, and we become a minority share holder..?

Many different ways the project could unfold but I am here for the longer term and shareholder dividends, I believe GC will do his best to drive it through to a build, but with the state in control of the ESIA, and a state producer in OCP next door part owned by a state bank, they do have leverage, and a lot of it.. :o)

[the chairman elect] 30/9/2022 16:10

Emmerson is well positioned following funding and is also well positioned to take advantage of the fertiliser market, said analysts at Shore Capital and Liberum.

Shore Capital said the potash development company is “fully funded to complete the detailed engineering work and remaining permitting and project financing processes through to a construction decision.”

Before that, the group needs the Environmental and Social Impact Assessment as well as receiving reassurance from the Moroccan authorities.

Analysts at Liberum said Emmerson expects to be able to easily finance the construction, expected to take place shortly after financial close, which should last six months.

This is because of strong interest from a range of international banks in the project, said Liberum.

Once construction is completed, Emmerson should be able to capitalise on the higher prices for fertiliser and the demand for a reliable source on the back of a supply being constrained due to war in Ukraine.

Earlier this week, the company developing the Khemisset potash project in Morocco confirmed the extension of convertible loan notes worth US$40mln.

Additionally, it will receive further investment from Global Sustainable Minerals, a cornerstone investor worth US$6mln, and a retail offer for £1mln.