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Wonder if the Directors are buying in again.
Https://www.timeout.com/travel/most-romantic-hotels-in-the-world
Send us a postcard...
Mat. Look through your posts, stoopida is all over you. And still can't answer the question. Why?, because you made it all up in your little brain. End of Year before decision on EISA. Now that is stoopida Mat. Thinking is not your game is it?
You're a bitta stoopid eh?
Mat. 'I'm not bitter love' lol. But you can't answer the question though, can you. Yes, you are bitter, dearie.
Pretty Obvious someone's having a large order filled.
Price taken down for a bit and as I said yesterday this'll be back up in a few days. Don't give them it for free
99 Ice, agreed.
The water use on the previous ESIA was a decent amount, roughly an Olympic swimming pool every 2hrs. EML over came this by using waste water so that ticked that box but the next issue became the tailings & DWI of the brines.
Again it is understandable why local farmers may have been concerned, potash mines have been known to decimate the soil (salt), around the mines if they are not dealt with correctly & there is a small river nearby which I am sure they may have also worried over with salt contamination.
These issues, have with the new process been delt with, the only negatives I can see from the new process is road traffic as the amount produced with the new fertilizers has doubled.
I expect the next news will be an updated DFS, with the new process incorporated, landing sometime this month. With most of the ESIA application remaining the same, I would expect it to land within 90days.
GLA
Im not bitter love
Mat
'Just say youve bought back in and you'd like us all to take it higher please.
It's more honest.'
You are still a very bitter chappie. Now, this is the way to shut you up, Tell me what is 'dishonest' in my post. Goodbye, again.
I suspect the approval will be subject to conditions (limits) on water use, not conditions on process.
For me the entire project now rests on whether Emmerson can convince the CRUI as to the viability of the new KMP. In the absence of this they have clearly been unable to get the EIA over the line at either Regional or National level; hence the requirement to update the EIA with this new process.
The question however is can the CRUI reasonably sign off on the permit on the basis of a new revolutionary process not tested in a commercial environment and where the company themselves state that further testing is required to optimise. Will they require further independent analysis and what does this look like.
This still has a long way to play out in my view and the outcome remains very finely balanced. The market is seeing this news as fairly neutral which I think is about right. POS maybe improved marginally.
What happens if CRUI reject (cannot approve !) again on the basis of an unproven process in practice (requires further work); presumably the right to appeal has been used up now leaving the company back in a holding pattern, seeking funds. National can then say we did our best to support you.....
As said the lack of detail from the company make it practically impossible to make an informed decision as to likely outcome.
Give it a few days.
Oh well, at least we had a update.
Yes, might shed light on the age old question of whether they refused the permit or lacked regulatory competence / capacity and were ‘unable’ to award it.
Surely if they lacked the regulatory capacity, they arguably wouldn’t be able to decide now. Perhaps a bit of a porkie being flushed out there? No matter providing they get the paperwork this time!
Let’s not forget, when the CRUI couldn’t grant the ESIA, there was a whole myriad of reasons why they couldn’t do so. It wasn’t just the water usage that GC had led us all to believe. Have those other issues gone away?
Simple for me.
National believe the improvements to the EISA should be enough for it to be granted.
So national are passing this back to local to grant the EISA.
Local then don't get aggrieved by National over ruling their decision not to grant EISA whin they haven't seen the new improvements.
That said I am an amateur at investing so DYOR.
So, the first Manilla envelope had just the right amount of Baksheesh stuffed into it, lets hope they get the right amount stuffed into the next one, otherwise we are stuffed.
chisler
Just say youve bought back in and you'd like us all to take it higher please.
It's more honest.
So the 'buck' has been returned to the original 'buck' passers. At least EML has been pounding doors with new process.
It is now difficult I think for the committee not to award EISA. In their original 'refusal', the committee passed the buck upstairs on the critical issue of water usage. That problem has mainly been overcome. The committee cannot possibly now 'refer' the approval, again. It has to make a decision, Yes, or No. just on the face of it, the answer has to be a Yes. A No , and the reason(s) behind it, would certainly have to be detailed. I am confident EISA will now be awarded, as per my timescale in previous post, before end of April. End of year, as touted by many on here, could not possibly have happened, for reasons previously explained. I am re-filling boots.
Swazers. RNS's drives sp in these AIM cos. Simple. Do not waste our times with your nonsensical , mean nothing, drivel. Go and play in the knife drawer for a few hours, there's a good boy.
Give it up Swazzers, you’re starting to look foolish and not a little bit desperate.
I suspect that the Ministerial group has the power to direct the local committee to issue or to reject, but it is expedient to let the committee consider the new proposal.
I think that’s a good way of thinking about it.
Appeal’s don’t really ‘uphold’ a referal, they uphold the appeal and make a different decision, so I think there is some more PR wordsmithery going on here and what you said is the best interpretation.
FWIW - There seems to be two parts to this decision. 1. Was it a good thing for the local committee to refer the decision? 2. Should it be accepted or rejected?
1. Was clearly a good thing as its forced Emmerson to significantly enhance its proposal. It now uses mainly Grey water, it minimises water use and it results in more value added in Morocco. So the referral is "upheld".
2. In the light of 1. its now asking the local committee to look again (at the new application) with a view to acceptance.