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The KMP process will not work for all potash miners as the minerals that make up the potash differ between mines.
The potash mix in Khemisset is, carnallitic and rinneitic this process won't work for other mineral deposits.
One down side of the Khemisset mine are the impurities that meant that the processing needed an extra stage pre KMP to remove magnesium (Mg) and iron (Fe).
Now with KMP those impurities have been reprocessed to produce new fertilizers.
If you follow most AIM miners, the one word you hear most often from the BOD is 'soon'
but building mines in Africa is a slow process & often the BOD are more or less as much in the dark as investors as to what is holding the project up.
Currently we know the decision on the permit is back with the local CRIU, if we follow their flowsheet Emmerson should hear a decision within 90 days.
Hopefully the paperwork including the KMP is back in, however they may be waiting for the revised DFS, which is being redrawn, as the whole project has grown & changed completely.
But is the KMP really such a game changer? Has it been independently verified as such outside of EML? Am I right to be suspicious that this revolutionary, game-changing process has been developed by a tiddler-sized company, a long way from being in business, yet this process has been missed by all the other major potash mining companies? It’s good to be optimistic but reality is what dictates the share price and the market makers are clearly not convinced.
Communication is truly awful from this company, it is sporadic, vague, lacks detail and more than often raises more questions than they answer. There doesn't appear to be any urgency to expedite things or push for answers and dates from the government decision makers. I accept the KMP was a great piece of work and potentially a game changer but at this rate there is going to be no game to play. Why can't EML just make it clear and unambiguous what is happening, it's not too much to ask.
Can't help thinking we're being played. I've always thought that there are dark forces at work holding EML back from getting all the approvals required to progress. Something doesn't smell right to me.
Agreed, Trev.
Only uncertainty is whether Graham’s knows the timing or what’s required.
We have been played when you read back, so is the Pied Piper Graham, the approval authorities or both - Graham hired a PR specialising in crisis management and the RNS are too vague to use, as you say, so there is spin from Graham, at a minimum!
Yes i feel the same trev.
Bewildered.
still hanging on tho.
wont sell/
chisler
On the basis of the last 2 years the quarterly update, should come within the next 2 weeks. Re-reading the quarterly update from this time last year and 2 years ago, does make very sombre reading as we still still await the ESIA.
The update needs to be very detailed and clear, and not vague. It needs to tell us shareholders what the timeline is now for a decision by regional. The company was stating a year ago that their efforts to finalise the remaining outstanding items with the relevant authorities in Morocco was being rewarded with 'constructive meetings and encouragement from the various agencies involved'. They were then confident that national would award the ESIA.
Surely now with the extra revisions/improvements and the referral back to regional they can now fully provide regional with what they need to finally award the ESIA.
What an award of the ESIA would do to the share price is anybody's guess. For now the market is much less confident of the award coming soon than it was in early 2022. What I am trying to work out now is should all long term shareholders be more confident now that this is finally coming, as GC must now have an extremely clear idea of what they need to revise to finally get this over the line?
I have believed RNS's from GC over the years, only to see things not come to fruition, I think the 9th January 2023 RNS where he stated ' I am confident we will be able to provide some substantive updates over the course of Q1, and that 2023 will be a transformative year for Emmerson' really does spring to mind as I genuinely believed then that the ESIA would drop before end of March 23.
Now a year on, I really don't know what to make of it all. I guess the market doesn't either, hence the drift here.
I took the decision to stay invested a while ago but like many long term holders my average is over double the price today, just have to hope that GC for all his endeavours can finally at last get the ESIA awarded.
Such a hurdle overcome it would be, really hope it comes soon.