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Nice one westie...thought i was going crackers .......
in any case thats better for all of us Q4 is only 2 months away...
exiting times
good luck
chisler
https://www.youtube.com/watch?v=CVtAhbUPtKw
Chisler, I'll correct myself as HL clearly states 'by the end of this year' in this June podcast. I might be wrong in saying Q1 2021. Another podcast clearly says him commenting about permits being sorted by the end of this year as well.
i don't disagree with you Chisler as i too thought that was the original plan. I just seem to remember a later podcast had HL commenting about the "into Q1 2021"
I think you will find HL has quoted several times " permits to work and finance finalised before end of Q4 2020" .
Q4 is less than 2 months away
two rns back this up ..the fs one and before that the ALIGN research one
as do the pod casts posted here.... listen to them again ... HL clearly says "before end of Q4 2020
hope that helps
chisler
Yep in ARCM also.
ARCM even!!
Yep, long term ERCM holder here as well. Disappointed at recent movements but I have this as a long term investment and believe long term fundamentals haven't changed. My notes show finance and permitting sorted by Q1 2021
arcm looks very promising, i also like this but placing shares need moving through
Yup
Me
And
Dame Ann Gloag (If she's still in ARCM)
I had my eye on ARCM since doing my research on EML. Partly because she bought in around the same time and is a canny investor! Took me a bit longer to buy in though.
Anyone in here also in ARCM ?
Audible, 5.20 minutes into interview. HL also mentioned on another podcast recently at his ambitious target of Q1 2021 for finance to be in the bag.
https://m.youtube.com/watch?v=CVtAhbUPtKw
Audible Refer to tmh’s post on 20th July. Other board will also confirm
“Secondly, we learnt from HL recently that the Co. is in no hurry for either permitting or raising finance. HL said 2nd Q 2021 was 'ambitious' for securing both. “. Supply a link to this data?
I believe the sp fallback has 2 reasons. First is the recent fund raise, at about what the sp is now. It is normal after a discounted fund raise for the sp to gravitate to that price.
Secondly, we learnt from HL recently that the Co. is in no hurry for either permitting or raising finance. HL said 2nd Q 2021 was 'ambitious' for securing both. Micky is the eternal optimist, and even though he has posted many times about the excellent ROC and NPV for the project, HL appears to have a problem in conveying that to the money market, or wherever he deems an acceptable place to raise the required capital. Raising capital is the trigger that will see a significant rise in sp, but I expect there to be more downward pressure on the sp as the Summer rolls on, and even into the Autumn and Winter, unless there is solid news on both fronts.
Nought to worry about. Usual market behaviour this time of year.
Come back September, and I expect Xmas to be the next news time target.
CBax, as per my message below, we all knew there would be a lull following the low raise price. Time-scales are clear so we should see it moving soon as they will be getting the studies sorted out just now for submission. We’ll be well over 6p in no time and then should get good news stories flooding in once the licence is approved.
CBax,
There is a placing hangover it would seem...but the buy price now is that paid by the participants...so unless some are forced to sell I would be surprised to see more drops.
The newsflow to come and underlying economics of the project are a complete mis-match to the Company value currently...at some point this will rectify itself.
Happy to hold and top-up in the interim and take advantage of this opportunity.
This is just the calm before the storm IMO. I also think that many investors (like me) thought that funding was closer to being secured than what was implied in the last update. The share price will start to nudge up again as we approach the time when the market thinks a funding announcement could be imminent.
I'm not really into the predictions game, but I'm not overly surprised the share price is near the recent equite raise price. In fact as I type it's 4.25p exact.
Hey Guys . Any feed back on how low can this go ? I’m a nervous investor at the best of times and I’m seriously considering selling a winning profitable share to protect against this not being the golden goose I thought it would be .
For all the good feedback on here from investors and news from feasibility study , shareholder meetings and HL himself from March -June ... I would of expected this to be somewhere higher up to broker forecasts . I can’t get my head round it .SXx had sufficient rises even though it ultimate was no go . Why on the good news and figures and , forecasts is this not higher ?
Maybe so 'Tmh1980', but why should that adversely effect the 'SP'? Not forgetting the fund raise was done at a discount.
Unfortunately, the value range accredited to a share between one holder and another is a constant variable and usually very different to that of a beholder.
Not forgetting... blindness is often associated with a close attachment.
Between yesterday and late August there is 6 national holidays in Morocco so numerous long weekends. Purely speculating as don't know for sure but would think it is a busy period for holidays similar to Europe. While organisations might not shut down everything does get that bit slower across August and then pick back up in Sept.
Just my thoughts.
EML’s newsfeed has been pretty good so I’m sure HL or GC will put something out soon probs re the new DFS figures including the SoP and additional resource which will increase the NPV. They might also advise that ESIA and Socio Impact studies are nearing or are hopefully completed. Lahcen did advise the ESIA works would be completed in a similar timescale to the first FS so maybe they’re in the process of amending them to incorporate a larger scale project including the SoP plant etc. Just all part of the process and after spending over £20M on the project to date they’ll want to ensure they get everything through and approved by the local authorities. HL maintained they are trying to accelerate the project but obviously looks like they’re going bigger to hopefully secure more debt finance.