The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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My take on the mismatch statements about the Brazilian market and OCP was that it was a message to OCP that if they don't offer a decent off-take price then Brazil is an option, brinkmanship. I would guess that there must be some ongoing dialogue between the companies, if only informally.
Take over is a worry but do OCR have a history of takeovers? My guess is they would want to be EMLs only customer to screw down the price and EML are holding out.
I can read robroys post since he sees the value in opinions from all sides, unlike a few on here.
I thought the presentation went a little too far in trying to dispel the questions raised in the 'uninvestable' documentary on Ytube.
I thought the demeanor of both our presentors was very poor. Little time with 'eye to eye' cotact with the screen ( the interviewer) . Both were guilty of rolling eyes and looking at their ceilings for far too long. Gave me the impression they didn't believe what they were saying.
They spoke at some length about the phosphate market in Brasil, and a few minutes later said it's probable that production may never leave Morocco. If it has a plan to get OCP to invest in EML, and for it to take all of it's phosphate production, it begs two questions. First. Golden rule, 'Never put all your eggs in one basket'. Second, why should OCP invest, and then take all of EML production?, better to buy it out. And forget many multiples of present SP.
On finance, equally as vague. Like it's policy on 'markets', it is ruling nothing in ruling nothing out. This is not Management with a clear, decisive plan. After being questioned about Ned Kellys appointment, and his relationship with Trident, it was said the Company is not looking to Trident as a means to raise finance. A few minutes later he said, 'A deal with Trident is not an impossibility'. I can see why , in face to face meetings with likely investors, this pair come over as 'not too bright'. I have de-risked a further 100k shares, and feel comfortable that I will be able to repurchase a tad cheaper a little later.
BTW, USA is stating that OCP's phosphate price is being subsidised in Morocco and may ban imports or place tariffs.
What we all require is that ceiling to be reached on agricultural land and the demand for food crops to continue to rise. And most important that potash availability to taper.
All of that places a tremendous upwards pressure on ethical potash and it’s price.
DODGER, i think you will, i was really impressed with the presentation last week. I've chucked the kids piggy bank money in this one as I think over time (3 years) you are looking at a multi bagger.
Everything is teeing up perfectly for this and the two chaps who did the presentation clearly knew their stuff, they look like they live and breathe postash. I know some might say that is pretty basic, it isn't. You sometimes hear ceo's talk and you think to yourself....christ he hasn't got a clue !!
onwards and upwards. Next rally upwards will be aim listing imhom
Started buying back in again. It’s around last placing price so happy to start buying in at that. Hoping to see a substantial rerate over the next year especially if they do get construction started on time in the next six months or so.
It really doesn't matter what individuals have as a holding. We all have our own limits.
I was comforted by the rising Potash price. It was commented recently in the LSE interview that Potash lags Soybean by roughly a season, and soybean is surging just now. So we should be looking at some decent margins when in production. I guess OCP though will be at a discount to the quoted figures?
Hope they stay low alittle longer til you get your wages sorted, My shares are tied up for next half dozen years at least as holding in my SIPP, been sensible in recent years and not put too much in any one company but i see so many positives with Emmerson that ive broken my own rules in buying so much. Hoping we all have a good 2nd half of 2021 and onward with Emmerson, thanks for all the welcomes.
https://mccunecoop.com/fertilizer the link.
And welcome Clint.
Find retail USA prices here and they are selling bulk discounted March $394 a ton. That possible bought from another USA supplier who in turn imports?
Be interesting where the figure quoted comes from and how recent? $350 a ton does appear retail price?
Not sizable? My firend I'm happy to have gone from 5000 to 41000 but alas. I had been hoping to get another 14000 shares in my ISA this month but my employer has messed my wages up despite being furloughed for the past 4 months almost. I mean, you had one job payroll...its not like my hours changes.
Rather frustrating sitting here seeing a price below my ISA average that at any moment could move past my average. But anyway, welcome Clint.
Welcome Clint. Always good to have another perspective on the EML story.
Morning Clint and welcome aboard. This is an excellent BB with generally good natured discussions. The next 3 months should provide plenty of discussion topics to chew the fat over.
Morning All, been buying Emmerson for last 18mths or so. Currently holding just over 1m shares which i know isnt a huge amount to some but sizeable amount to me. Been reading all posts on this forum for a while and largely positive with alot of knowlege out there. Just become a member on LSE so i can now post and hopfully contribute. Wasnt sure on AIM move initially but in last few weeks i feel things are gearing up and board seem to be increasing promoting company with interviews etc, hoping for some good news in May.