Emmerson Share Discussion Threads

[rajawali] 22/11/2022 03:33

The non-binding offtake MOU, on the face of it, is pretty benign. It just means there is a market for potash which is a no-brainer.

What is compelling is the price action such an announcement precipitated, smashing through the 50 DMA. Offer liquidity is pretty poor, so if new money wants to buy in then we could see gappy price action.

Imagine, then what happens when the ESIA is inked, closely followed by the financing package imo.

[cyberbub] 21/11/2022 21:46

I filtered him long ago but that's a really funny description ROFL! I feel a bit sorry for the guy TBH

[matador78] 21/11/2022 21:23

mate do you even realise what your messages look like to anyone who reads them? it looks like a 14 year old kid with Tourette's has been let loose after an asthma attack

[qsmeily456] 21/11/2022 18:55

MOU worthless paper.....🩳🩳🩳
28169;💩€169; out of this 🐓🤣✈️㈐5;

QsmeIly4567 Nov '22 - 09:26 - 8448 of 8497 Edit
0 0 0
I'm back in.....2🤣
29315;🤣

[yasyas1] 21/11/2022 17:30

Lets hope so. Fingers crossed.

[cyberbub] 21/11/2022 17:18

Good summary Lawrence. Finished at the day's high so hopefully we can have a run back towards 7p in the coming days? maybe higher...

[apfindley] 21/11/2022 17:14

Exactly. Agree with all that.Importantly, it gives potential debt funders confidence, knowing that the product has an agreed buyer, thereby making the debt serviceable.(Yes the buyer isn't fully agreed yet, but the MoU is as good an indication as any, taking note they're a commodity trader rather than a direct consumer, which really gives even more security of purchase. And to touch onto it staying as MoU at present is also a safeguard for them, the offtaker, that they dont make a definitive agreement until the financiers are sat at the table too.)..Its happening folks.

[laurence llewelyn binliner] 21/11/2022 16:41

Todays MOU's demonstrate many things, firstly to any potential lending banks that there is a market for our product, secondly there are buyer(s) lined up and it is investible so they are safe to lend to it, thirdly and equally important or perhaps moreso IMO is it demonstrates to the Moroccan Gov that our BOD and management team are professional/competent and should be issued the ESIA so they can bring the financing package together next and be permitted to build the mine..

A big step forward and +0.75 pence today, I will take that for starters.. :o)



Off-take agreements give our partners and its shareholders and banks the confidence that goods produced are lifted and sold on a competitive basis..

[the chairman elect] 21/11/2022 16:10

Wonder if the magical piece in the jigsaw puzzle namely the ESIA has just been found?

[the chairman elect] 21/11/2022 15:00

For those that enjoy jigsaw puzzles today looks like it is all coming together with just the last few pieces to find!

[parob] 21/11/2022 14:26

Sentiment completely turned today and expect this to build now leading up to ESIA

[cyberbub] 21/11/2022 14:16

Offtakes for 'minimum' 2/3 of our output is very impressive compared to other mines... Essentially the two buyers could take 100%, no reason why they wouldn't IMO

[lendmeafiver] 21/11/2022 13:55

They will claim they went long last week…

[fightingdata642] 21/11/2022 13:48

Less filtered posts coming through today. Wonder why

[the chairman elect] 21/11/2022 13:30

And the messages in the above 3 posts are starting to sink in now reference Mr Market!

[laurence llewelyn binliner] 21/11/2022 11:43

Off take MOUS's go a long way to support the finance package, lending banks will want to see that there is a market and buyer(s) lined up for the product to protect their investment into Khemmiset, a big step forward today, binding or non binding it is still progress and sets the stage for the next steps.., ESIA and funding the build.. :o)

[parob] 21/11/2022 11:28

That was exactly my thought this morning too. Hope we're right!

[nash19] 21/11/2022 11:09

ESIA must be within short order now. No one wastes time with OT agreements without it.

[fightingdata642] 21/11/2022 09:29

Seems feasible of how it could work cyber. CF industries are the big US competitor to OCP so will be interesting to see if they respond to what seems to be an open goal on their home ground (whey!).

With the MOU's it makes the potential tax revenues and opportunity even more present (as if they hadn't been pushed already) to the gov RE ESIA.

The only bit I'm stumbling on in my research at the mo is the definitive plan for water for the site. Initially, a local dam was discussed before this was changed to potentially use of Khemmiset's waste water. What does everyone know about water supply to the site at the moment, please?

[jrjr99] 21/11/2022 09:25

when is the ESIA expected?

[fightingdata642] 21/11/2022 08:55

Look like it might be CF Industries with at least 1 of the offtake MOUs. This article (albeit a long time ago) states that at the time CF had a controlling interest in "Keytrade AG"
www.businesswire.com/news/home/20140213006272/en/CF-Industries-Enters-Into-Long-Term-Ammonium-Nitrate-Supply-Agreements-With-Orica-International-and-Nelson-Brothers-LLC

[the chairman elect] 21/11/2022 08:40

Yes donald pond it could be an aggressive move by EML to get OCP to "deal" or "no deal" but then again it could just be a case of the powers that be in Morocco being happy that they have additional foreign investment in their country so are totally behind EML

Let's face it with or with out EML....OCP are doing just fine as it is!

What ever the answer at least WE FINALLY HAVE SOME SERIOUS ACTION @ EML