Emmerson Share Discussion Threads

[cottoner] 11/11/2022 10:18

Latest tweet:


#EML was delighted to sponsor the prestigious BMS dinner this week, a fundraiser promoting links between #Morocco & Britain. We look forward to strengthening our Anglo-Moroccan partnership as we move the project into production

[qsmeily456] 08/11/2022 17:12

4.2p base then 💥

[qsmeily456] 07/11/2022 09:26

I'm back in.....2🤣
29315;🤣

[lendmeafiver] 04/11/2022 18:22

Two 250,000 buys today, noticed a few this week, think that’s the bottom, I’m back in and will wait for news flow which must surely be close now.

[qsmeily456] 04/11/2022 10:20

If its pretty normal y are they lying 🐂💩💩 saying early 21....

U lot are 2 thick🤣ԍ15;🤣

[rajawali] 04/11/2022 05:13

More of the same cottoner. Worth pointing out that 2 years to get an ESIA is pretty normal. In USA/Canada, it's often 3-5 years. AYA.TO (Aya Gold and Silver) took around 2 years to get theirs in Morocco. And that was for silver. So in the context of a food/ fert crisis, I would think potash is more pressing. We're getting closer every day (duh!). Financing news would follow soon after. All imho.

[cottoner] 03/11/2022 15:53

Interesting tweet by EML today.

A hint or a plea. :-)

[qsmeily456] 02/11/2022 18:14

Course not at 6p though 🤣🤣🤣

[lendmeafiver] 02/11/2022 12:28

You back in then?

[qsmeily456] 02/11/2022 12:15

Ostriches in massive losses 🤣🤣🤣

Total pile of 🐂💩 ramped by connected parties and insiders.

Realistically the promised ESIA is over 2 years late

Funding is a year late

You've funded their salaries and jollies via dilution at 6p and now you're under water....2 🤣🤣🤣

[the chairman elect] 01/11/2022 08:55

QsmeIly45625 Oct '22 - 15:29 - 8438 of 8439 (Filtered)

+

Terminator10131 Oct '22 - 18:26 - 8439 of 8439 (Filtered)

[terminator101] 31/10/2022 18:26

Come on rampers, a bit more complaining about how undervalued it is or how amazing the management are and maybe everyone will forget what a pile of non revenue generating pish this is.

[qsmeily456] 25/10/2022 16:29

What a 🐓.....oh yeh because u missed the 🩳🩳🩳 from 10p enabling 100% free shares......like tub dub couldn't predict your own birthdays 🤣🤣🤣

"I'm not interested in the short term market volatility and prefer to see this come into production, whenever that is."

[yasyas1] 25/10/2022 11:22

Just topped up abit in my sipp. Everything crossed for this. Delay frustrating though!

[laurence llewelyn binliner] 25/10/2022 09:59

#Rajawali, the BHP/Janson project is huge, but it does not make their supply any closer to Morocco, the more I think about our Khemisset project I am struggling to see a case where/why OCP would not want to be a part of or own a potash supply on their door mat and remove any delivered import/shipping costs associated with their raw materials to make a product, they could have a rail link if they needed to a local supply..

Exciting times, I doubled down over the last few weeks here in advance of what I expect to be a trade off between the ESIA coming through and some OCP involvement or ownership..

Some delays while those deals are struck are to be expected, EML will not want to give anything away, nor will GSM/GQC, and OCP will want value from any purchasing of product or equity (or both).. :o)

[rajawali] 25/10/2022 09:32

The nutrient most impacted by Russia's invasion of Ukraine is obviously potash. The article was remiss in not pointing out that Plan B (in the event new K supply is not brought on line, like, yesterday) requires waiting for Jansen to come on line.

[laurence llewelyn binliner] 25/10/2022 08:29

#Rajawali, great find and thanks for sharing, everything about that article is on our side, OCP ramping up on phosphates and rolling out its influence in Africa, Brazil now considering a new processing plant, Japanese imports of fertiliser for starters..

Morocco's challenge now is to increase production whilst navigating the energy and the water crises, so that it can conquer the number one position in the global fertiliser market..

We (EML) are front and centre for the Potash supply side to OCP.. :o)

[rajawali] 25/10/2022 07:56

hxxps://www.moroccoworldnews.com/2022/10/352001/moroccos-position-in-global-fertilizer-market-after-russias-invasion-of-ukraine

[cyberbub] 24/10/2022 21:36

You might be right LLB, here's hoping anyway.

[laurence llewelyn binliner] 22/10/2022 07:31

#Cyber, why would we need to discount at all..? market prices for all, OCP would be getting their potash from the company next door and saving themselves a fortune on delivered costs from not shipping it in from Canada/Belarus as it stands..

Given the political backlash towards Belarus that further narrows it down..

Exciting times as the EML strategy unfolds, and they move forward to either a permitted sale, or a mine build..

Clearly the Moroccan state hold the trump cards, but if they do not play fairly they will shoot themselves in both feet setting a dangerous precedent as they aim to encourage inward country investment to try to build their economy, employment and tax revenues..

[cyberbub] 20/10/2022 15:51

It would be nice if the only involvement of OCP was to be a guaranteed offtake of 50-75% of the potash, perhaps in return for a 10% discount below market rates, while allowing the company to export MOP or SOP at full market prices. Again that would put a rocket below the SP, as it would significantly derisk the financing package. OCP also gets a guaranteed supply at a discount. To me that's a win-win situation for OCP and EML. I suppose it all depends what the politicians want!!

[cyberbub] 20/10/2022 14:45

PS I'm hoping that the H2 23 is an underpromise/overdeliver. They must have done a lot of early work on the finance package, which can be updated with the new situation relatively easily. The ESIA is clearly the sticking point. If we get an RNS saying it's approved then we'll be back at 10p within hours IMHO

[cyberbub] 20/10/2022 14:01

Yes possibly sloppyg.I've always said that I don't mind if we get a takeout, as long as it's at a fair price. IMO 20p+ is a fair price.I hope the Moroccan Govt will realise that they need to pay a fair price, or else they will dissuade future foreign investment. At the very least, the Singaporean investors (obviously) won't accept anything below their buyin price of 6p, IMO they will want twice that as a bare minimum.NAI

[sloppyg] 20/10/2022 10:05

I think it's also the deferred timeline. Company now setting H2'23 as expectations for fully funded permitted project.........so on that basis one presumes they are not expecting ESIA any day soon.

I sense we have been provided with minimum disclosure requirements in terms of updates on the ESIA. Most recent 6m funding they state some will be used to finalise permitting - finalise what exactly if everything has been provided with no concerns etc.

Not a lot to do but sit tight for now. As time goes on I think the chances of EML being the ones bringing the asset to production diminish; the asset is becoming of such strategic importance to the State that they may not want it in the hands of a relative minnow from overseas. Betting on a buyout of sorts but that's fine with me!

[cyberbub] 19/10/2022 22:35

Thanks Chairman.Mr Market seems to be selling EML to go off chasing 5-6% bonds.However smarter investors (or at least more patient ones) know that even with capex likely ticking up, EML at $650 potash still represents a 50% IRR, with low-moderate risk.NAI DYOR