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Putting the ESIA permit to one side, the SOP update was due to be released to the market in August. EML has been very good at hitting its milestones on time in the past - I hope things don't start to slide now. Hopefully we will receive an update before we go into the fourth quarter. Still confident there will be news on permitting and finance before the end of the year.
Makes, if you only want to hear your own views, you don’t need to visit the board - you already hold those views.
If you want to visit the board to share your views and to discourage views that are unfavourable to the share price then, to many people, that is a variation on ramping.
For what it’s worth, I don’t think you are ramping. You have brought a lot of value to the board.
What we are, or I at least am, saying is that a plurality of views is a richer discussion. So long as we remain in the realms of truth, views that may be difficult for EML to hear can still be not unhelpful. We are investors and supporters but not cheerleaders.
No material update has come for months. You have comfort from your correspondence with Graham. Others don’t have that and are worried and that’s okay even if you guys aren’t worried.
Everyone can have opinions - saying that someone is on drugs or making monkey comments because they don’t share your opinion is just not appropriate; this section is entitled ‘share discussion’.
Comparisons with Horizonte and Chisler reminding of Hayden’s previous hope to have raised finance already show historic time investment and market knowledge.
While you may not agree with the conclusions draw, both are quite reasonable evidenced based views for anyone to hold, or share for discussion.
Save for anything insulting, it is also a shame that Chisler’s post on Hayden’s earlier timeline has been reported and removed; the point of evidence is both valuable for people to know in terms of wider awareness and pattern matching that companies do need to change timelines and the whole approach of reporting forecloses discussion. If the post was inappropriate then it should be reported for other reasons but that’s another point.
Audible and Makes, please ease off so that we can have an open discussion with a multitude of views.
Check rns with dfs, Hayden Locke clearly states permits and financing by q4 2020. Times always off, Horizonte was due financing q4 2020, still waiting but much more advanced.New ceo seems more realistic. I am invested and await financing q4 2022, in mean time will top up on lows
I think permit this year, financing complete Q4 next year. Look at Horizonte, getting equity, credit and investors all in takes time. Also I remember Hayden stating permitting and finance by end of 2020, aim ceos talk rubbish
No question the final permit does require Ministerial signature. Fact, well known I’m sure it’s in RNS? The group meeting is a group of elected officials in senior government and local, memory serves correct?
Time is on our side. The people getting burn’t and those institutions they’ll be less inclined towards property. Just too many people in the food chain, investors, growers, shippers, distribution plus retail all those want a margin. Add to that the fertiliser sector.
Well Shareseeker10, you certainly like to start with the light blue touch paper question , at a time when the rest of us had just about finished our speculation on whether ESIA approval could take place in Q3 - still a week to run, so it could still happen ;0), but if it does hinge on Government involvement at any level, it is looking very unlikely IMO. Personally though I think that rightly or wrongly, we are overly fixated on the approval timing at this moment, even though I agree that it is a blocker on the critical path to Finance, it isn't currently preventing the project from moving forwards. The BoD are looking at a project plan that has a major achievement milestone of mine construction starting before the Eof Q4 2021, which is still achievable, so long as all the other streams are progressing to their necessary timelines. Obviously there must be a cut off point between now and then that the ESIA has to be approved by, to allow the other streams to complete. My belief is that until the Bod know that moment is about to pass that they do not need to issue another update RNS. but I will be overjoyed to have some more concrete information asap.
Very true Westie, rapid movement towards build I expect without any overall delay.
They is a lot of cash floating around at the moment with people having liquidated a lot of equity, ect.
The election may just have done us all a very. By rights if we had stuck to the timeline we were right in the middle of a storm. Not yet fully over a rather large Chinese property firm while trying to swap over priced parking lots with private investors the people in a majority are rightly so in a state of refusal. These local Chinese, Joe & Jill blogs must be dealt with first, they make the most noise.
Permit is crucial for finance. Graham has stated in an interview in February he expects finance completed by beginning of Q3 which hasn't happened. No coincidence permit isn't finalised too. There may be an offer in principle behind the scenes, but nobody is going to physically give money to EML without the permit been finalised. Not trying to sound negative but the permit is literally make or break for finance.