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That’s the £100,000,000 question. We have to hold our nerve at this late stage in the approval process if you think it will pass or sell up and take some money if you think it won’t. Whilst it has taken 3 years from first submission, the environmental credentials have never looked as good with the new KMP now part of the process. The big negative is Morocco is now seven years into a drought and not four. I’m holding out for a yes to the ESIA application having been here over 3 years.
When is it going to land?
When the ESIA is rejected
Is there a barrier at 3 p . ?
When’s this going to explode ?
Extracts from interview with Azzedine El Midaoui, Director of the International Water Research Institute at UM6P, discusses the complexities and successes of Morocco’s approach to water management.
At the heart of this discourse lies the integration of cutting-edge technological innovations into water management practices. Embracing water-efficient and eco-friendly technologies is paramount for sustainability.
El Midaoui emphasized the “interconnectedness” of various research domains, ranging from fundamental research to technological innovation, each playing a pivotal role in addressing the complexities of water management and climate change.
You're an optimist.
How about 10p on approval and 20% of NPV on completion of funding
Not on approval 10p max then double again by 2026.
More like 20p on approval
20p in 3 years?!! 😂 Nice trolling.
This will hit 7p if/when environmental approval lands. 20p in three years.
GL
Https://x.com/SwazersC/status/1782755671479365644 https://www.tradingview.com/x/37c5eEW1/
Rupert Joy is a non-exec director and they often have part-time roles. We don’t know for how long and often he works for EML. He can do whatever he wants in his spare time.
As for GC, it is not unusual for a start-up or company in its early stages to appoint someone on the technical or operational side as CEO. When the company starts making money and has grown, it replaces them with a person who has more of a sales/money/marketing background especially someone who has performed such a role for a larger company before. This is my experience having worked for numerous start-ups in IT over the years. Horses for courses.
Not a fan of him, then?
The voting power may end when equity finance is raised for the final build, as they’ll be diluted back, though they could equally demand that they can invest to the same level as a condition of approving the resolution to raise.
The Board seat has power too, hopefully can be a positive commercial influence.
Including raising capital from elsewhere. I have a hunch this is going to end badly.
Plus the other entity they control, so can now (or when the voting rights come) block any resolution requiring 75% of shareholders to agree.
Global Sustainable Minerals already have a 20.1% Shareholding and 5.9% Exposure via Warrants as a result of the Share issue RNS - 8 April 2024.
I think you will find (on the Emmerson Website) that Global Sustainable Minerals already have 20%. This is now 26% because of some kind of derivative exposure.
So someone just bought 20% of the company...
The water might have been grey but a lot was wasted and required ifection into the ground, tailings etc. The new process doesn't inject water into the ground and recovers a lot of it. This is about Effeciency of water you use and what you do with it after.
What is that toffee nosed twat doing for us whilst smoking cubans, quaffing and filandering ?
chisler
Fair enough. Valid point.
If fresh water is in short supply, even grey water will have competing uses (e.g. irrigation), so will need to be used as economically as possible.
https://science.howstuffworks.com/environmental/green-science/gray-water-reclamation1.htm