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Hopefully, with the Q1 24 operations' update, we will get some clarity on EPC's signing; before, they had stated "by end of April", then they said "in Q2 24" (i.e. from April start to June end)!
We should get Quarter end 31 March 2024 numbers soon (late April). But really we are waiting for the EPC signing and the details of the new plan / EPC costs before end June 2024.
Things are quiet still
This stock has the potential to jump in price dramatically on news. So dealers in the Australian market (for example) won't want to be short even for a few shares, but they will work an order.
You can tell them what you want to sell at.
if you say 'sell these 10 shares for 0.59' and the price is 0.49 they'll still execute it.
although i dont think this is the reason here... maybe
Another 55,000 sold at the same price at 12:37. Maybe orders from Australia or South Africa ?
A share BUY would be executed at 0.59?
Could this be a delayed settlement (eg from a month ago, when the SP was around that level)?
Could this be a partial execution of a bigger BUY Trade?
Any other ideas?
Is Power China backing up KP2?
Note that EML is impacted negatively by the severe drought affecting Morocco, which is probably why the Moroccan authorities hesitate in giving them the permit to start the mine.
KP2 does not have such issues.
No impact really at this point. In the future it does. Emmerson have created a way of better using Carnalite (to create more saleable fertilizers) which Kore has in abundance.
However, Kore will mine Sylvite initially.
Will it impact this stock?
Ironically, EML is (also) an African Potash stock listed on AIM which awaits news. If it gets the news it will re-rate significantly.
What is EML?
Too many Potash stocks !
Indeed KP2 !
This is Kp2 not Eml
It seems consistent with the expectation that the deal will be signed off / funded in the near term. If that is the case these options will be in the money soon.
Also, the numbers imply that the CEO will be paid a bit more than the CFO (i.e. approx 4/3 of CFO), but not as much as the previous CEO. The bulk of the CEO's reward will come from the options if EML performs over the next 3 years.
It'd seem that the Board has made lots of promises to the new CEO, including that his shares will be worth a lot more in 3 years' time; although it's still early days, these small steps indicate that the Board is trying to build the Company up.
I think today's RNS is another positive sign, albeit time will tell.
Enough to keep the lights on pending the deal we've all been waiting for. Which could still be very disappointing! Investment isn't a holiday camp!
Any views on this?
New CEO on Monday, we'd have the Q1 2024 Report in next week or 2, and of course the EPC RNS (I hope) any time soon?
Nothing seems to be happening
The plot unfolds....
New CEO starts in exactly 1 week, maybe something could be announced to coincide with his start? Eg EPC's signing?? :) (wishful thinking!)
Sudden surge today. News leaking ?