The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Something does not quite add up here.
If they had previously revised the EIA (as we were led to believe) to use only grey water then why was the permit not approved by Regional/National. The company also keep stating that they believe they had addressed all the issues raised which is consistent with the grey water hypothesis.
Incorporating KMP does not therefore reduce fresh water consumption if it was already assumed to be zero in the revised EIA !
Raises the question therefore as to whether it is other material items that are contributing to the hold up.
I understand that other than used in the facility for human consumption, there is no fresh water use for the processing of products. That was the whole point of a previous ESIA revision.
Thankyou.
The plan is to use Grey water. But even Grey water supply must have some limits. So there should be no need to use fresh water anyway.
Sorry idg69.
Really..so why is dig69 saying keep fresh water usage to a minimum?
The new Khemisset Multi-mineral Process cuts water use by 50% as it removes the need to inject (wet) waste back into the mine.
I did see that BBC piece myself and it certainly put the water issue in perspective. The problem is not going to go away any time soon either. If EML can use grey/waste water and keep fresh water usage to a minimum with the new KMP we might just get the ESIA over the line.
That’s been the case for a few years.
Is it EML's plan now to not use any fresh water?
Https://www.tradingview.com/x/8xtLfwIr/ https://www.tradingview.com/x/v26A9IUf/
If there are any doubts about why concerns over water use have delayed the ESIA award, and why EMLs updated plan is such a game changer, this recent post by the BBC makes the point.
https://www.bbc.com/news/world-africa-68665826.amp
Swazers - I hope you bought lots of EML in the REX offer as a result of your charts ! - If it works for you that's great.
Don't expect anyone else to appreciate your efforts. It is important to Do Your Own Research - that way we have no one to blame but ourselves - if it all goes wrong.
wow! so anyone who disagrees with swazzers and his charts is a ******. the guy is certifiably a narcissistic nut job.
Swazers do you read tea leaves too? What are you hoping to achieve by charting EML? Do you really believe that charting EML is causing it to rise. As I’ve said before, it will rise and fall on sentiment and news and nothing else. Keep playing with your crayons if it makes you happy, you’re doing no one any harm.
Https://x.com/SwazersC/status/1780974093669425219 https://www.tradingview.com/x/dCPm8elq/
@99icecream Really? I called the entry for #EML which went on to offer a 70% return within 3 weeks. I disagree with your analysis as I have been predicting this, way before, and supplying precise levels. You on the other hand are offering an opinion. I can't spend your opinion now, can I? My T.A. though is proven to offer huge returns!!
Https://x.com/SwazersC/status/1780974093669425219 #My #EML idea is still moving as per my predictions. Regardless of what some t#ssers have to say. My charts speak loudly for those who are watching & taking notes. https://www.tradingview.com/x/r2uBqmK5/
Is something about to happen here that we don't know about yet. If so - it would be about time?
I’m back to squarsies so I’m a happy bunny…a few more days like this to get us into the 3’s and I’ll be happier still.
Let’s hope rise is here to stay
Only cash in the bank will satisfy the auditors. Far better to issue shares than a "death spiral" CLN.
AS previously mentioned on here, I was surprised, no flabbergasted, with the recent fund raise.
Why did it fund raise at this time. ? Clearly, it did not expect an early approval of EIA otherwise it would have waited to get an humungous amount of cash flowing in. We had been told company had sufficient cash at hand to see it through 'til end of year. So probably, as a poster mentioned, the auditors would not sign off the A/cs as a 'going concern' for a further 12 months. The audited A/cs are issued sometime in April for YE '23, so time was of the essence. The PDMR's could have had a private loan to the company to see it through to EIA approval. If EIA was not to be approved, then no amount of cash would save the Moroccan operation. So, on the surface, it appears that it was a 'genuine' raise to further promote KMA and EIA approval, rather than my initial 'usual' thought of 'raise to continue to pay salaries. expenses and pension pot payments.'. Clearly, my initial thought and hope was that EIA would be resolved before end April. With the foregoing, this is extremely unlikely to happen. However, a further 8 weeks should be ufficient time to promote thefeasibility of the KMA process, and allay fears that concern Committee. So, by end of June it is then. sp will probably 'wobble' around current level during this time frame, unless RNS drops with either 'good or bad' news on developments. RNS drop,!!!, we should be so lucky.
Of course this 'chart' will be nonsensical when the rns drops for EISA approval or disapproval.
What we need swazers to do is to draw a chart showing when rns's will drop. Shouldn't be too hard with his imagination. ?
Interesting ! - You don't need charts to tell you the obvious. E.g. support and resistance is usually at "big numbers" (e.g. 2p) simply because (most) investors set targets at big numbers. In this case another obvious support / resistance level is at 1.75p - because of the REX offer.