Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Reading 2019 reports Hayden had options on 12m shares back then, not sure what current position is , but thats dreamland in my book..
Quite right Happysurfer. If you were in the position knowing you'll benefit from options in the future, why would you commit your hard earned cash to buying more? It's never been an issue for me if directors buy or not. As long as they're making me money then i'm happy.
Options would be honoured in the event of a buy out so it’s irrelevant whether the BOD own the shares or not at this stage; they benefit materially no matter.
GW62 , you asked of me;
'"But since EML will probably be swallowed up by OCP, and fat cheques all around for the BOD, this is all irrelevant to us SH's."
The irrelevance is that the article is about 'Potash Brasil' and the Company has said it is likely all production will be sold in Morocco.
I believe that when/if OCP decide to acquire EML, a premium must be paid. When 'all your eggs are in one basket', however, you may not be negotiating from a position of strength.
Directors Deals for Emmerson (EML)
Announced Traded Action Notifier Price Currency Amount Holding
31-Mar-21 29-Mar-21 Buy James Kelly 5.65 GBX 600,000 600,000
20-Jul-20 20-Jul-20 Buy Graham Clarke 4.94 GBX 500,000 500,000
20-Jul-20 20-Jul-20 Buy Hayden Locke 4.89 GBX 251,509 1,726,644
20-Jul-20 20-Jul-20 Buy Edward (Ed) Peter McDermott 4.90 GBX 125,000 475,000
04-Feb-19 01-Feb-19 Buy Edward (Ed) Peter McDermott 2.84 GBX 350,000 350,000
You also posted;
'Surely if the BOD have their own stock, and far more than most of us can dream of, why would they sell at a deflated price? They have more incentive than us to add value to EML.'
If the above are 'dreamland' holdings, then there are S/h here living in dreamland.
"But since EML will probably be swallowed up by OCP, and fat cheques all around for the BOD, this is all irrelevant to us SH's."
So how does OCP acquire EML without PI's benefitting from any share price rise? Surely if the BOD have their own stock, and far more than most of us can dream of, why would they sell at a deflated price? They have more incentive than us to add value to EML.
There is one thing, however, we need to watch out for in any equity rise and share allocations to the BOD and that is preference shares. Us mortals will have ordinary or common stock but preference stock will have priority when it comes to payment of dividends and also payment if the company folds. I don't believe preference stock can command more in the event of a company sale however. Please correct me if I am wrong.
The Brasilian Presidente, Jair Bolsonaro ex, Captain Army, is right wing of Attila the Hun. he is at odds with most of other countries who are concerned about de-forestation in The Amazon rain forest. He is on record as saying 'It's our f*****g land, f**k you.' As I pointed out to his many followers, if Greenland decided to remove all the ice shelf covering it's land, to mine for minerals, and all of Brasils' Eastern seaboard cities were under water, would he say it's their land, it can do as it pleases. He has turned a blind eye to the flagrant illegal de-forestation in the rain forest on the basis of 'wealth creation'. He is another Trump, and dangerous. There is good reason why Brasil now has the highest mortality rate of CV19 Worldwide, with children under 10 dying in alarming numbers. There has been artisan potash mining for decades, and there has been previous attempts to form conglomerates, with varying degrees of failure. But since EML will probably be swallowed up by OCP, and fat cheques all around for the BOD, this is all irrelevant to us SH's.
And where do the cattle go once the rancher has no pasture? Seriously believe with the money that a rancher just give up farming cattle?
If there’s a cattle ranch, the rainforest has already gone.
Very good Bluepalace. Also, by pushing off cattle ranchers they are forcing more rain forest to be burn’t and forever lost. Ethical and green potash I cannot believe. Hopefully people already seen through them include the local tribes.
They give various facts and figures they are Canadian company. These facts and figured maybe only as they see them?
Another interesting find to compare EML.
Afternoon all,
I have to agree with your observations bluepalace, whilst their aims are laudable, financing the project at such a level, would need bigger pockets. With regards to the LSE interview, It is worth remembering that GC is an experienced Mining Engineer and Project Operator, not a "slick" trained presenter, so personal characteristics on camera do not bother me, I much prefer that he is credible and honest within the limits of what he is allowed to say. I quite liked Charles Vaughn, he came across as no nonsense and straight forward. The sooner that the Project review outcome is released the better as far as I'm concerned, as it will give a definitive way forward, but it may well be combined with Financing outcomes in Q2.
Thanks for the link westie, I'm going to have a listen.
US$2.1 billion is quite considerable for Brazil potash - probably due to poor infrastructure in the Amazon region. Even transporting the potash to the rest of Brazil would be very challenging. Seems they are also having local resistance so permitting may prove to be an issue. 2025 seems very ambitious for a company still in private hands. Even if they do find the finance, I don’t see this as a risk to EML’s potential target market in Brazil. EML would still be very competitive on price. Many investors don’t appreciate the infrastructure that is already in place in Morocco - the reason why pre-production capital cost for Khemisset is less than US$ 400 million. Compare that to Kore’s Congo operation with a capital cost of US$ 1.65 billion. I know which of these projects I would rather be invested in right now.
95% potash imported into Brazil.
https://brazilpotash.com/
“We are a fertilizer company engaged in the extraction of potash in the Amazon region. Today, Brazil is the second largest consumer of potash in the world, but 95% of it is imported. Our company intends to reduce this dependence by being a key potash supplier to the agricultural sector in our country. We believe in the sustainable development of the region through partnerships with the community, public agents and non-governmental organizations.”
“ Brazilian soil is poor in potash and that’s why it’s necessary to add in the form of fertilizer.”
https://ca.news.yahoo.com/brazil-potash-eyes-fundraising-round-172508374.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAII8S4Fi3_ZF6wE_K2iCn9T6vy00-9n3DgQPdH36GY2v135FC4Zerw1Yk5Ja387Z2mpaVtFqQV29FdzZ3SqMIh-wBTJhcMpL8DVgd7qGaZv6xendR5jTFe9sUXVmf1BB9EpegVQ_xzbvBOU_LapDPhTDP46QsJK6C75a5f0r2QNJ
“The company, which has pushed its estimate for coming online back to mid-2025 thanks to delays in consultations with indigenous groups, projects initial output from Autazes at around 2.4 million tonnes per annum, sufficient to supply about 20% of Brazil's Potash needs.
Output from the facility, which the company estimates will eventually cost $2.1 billion to bring online with a mine life of 34 years...”