The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Swazers. 'My charts have delivered 65% of gains. LOL. No they have not. RNS have made the gains, and losses, and only RNS's. Your chart was drawn AFTER the KMA RNS. And the substantial rise from KMA was 3,4 days in the making, not your charts.
4. One to add is the OCP project getting its ESIA. OCP is running the project through its subsidiary JESA and I don’t know whether we’ll see the same transparency at each stage as with EML, being listed.
I see 3 more or less basic scenarios with EML over the coming months:
1. ESIA permit is awarded at national level. Forget your resistance levels, it will smash through those no issue at all.
2. ESIA permit is refused at national level (ok, there may be an option to reapply). I think this will severely test your elevated support line if not dive through this no issue.
3. No decision on ESIA. I cannot believe the support lines and resistance lines will simply move up and up over time against this kind of background.
Have I missed anything?
I think they earned their wages this month with the "New Processing Route".
https://www.lse.co.uk/rns/EML/scoping-study-on-breakthrough-new-processing-route-k6wv2789hdm2uzy.html
Another month of wages payed out and nothing from this shower! Easy money for doing nothing but waiting.
The brown envelope can't be big enough?
Just put in another £200, to see the effect on the price . Showing as a sell on the trades. Slight movement of the goggle page.
Hope you all have good weekend.
We just need the ESIA as simple as that. Without that we are nothing, with it we are a completely different company with extremely good fundamentals.
As a long term shareholder slight movements up in the share price without substantive news whilst not unwelcome mean not a lot to me as I like many others have an average much higher than the value today.
It is almost 6 months since the earthquake, GC must have had some notification of when the meeting will take place now?
To avoid doubt though, idg69, I’m on the same page in terms of substance. Excel can’t predict an approval and that’s the only thing that will make a material change here one way or another.
I suppose this is the difference between day trading and fundamentals.
The charts may not be purporting to predict the fundamentals like the ESIA but the ebb and flow of the daily tide of day trading, which of course in very little volume is highly susceptible to suggestion and decoupled from the long term position.
Your chart has not delivered 65% gains, your chart has delivered nothing. Traders buying the shares have delivered the gains. Nobody is saying you are wrong, they are just pointing out that charts are an irrelevance when it comes to the EML share price. What have liars and thieves got to do with the price of fish? You are delusional if you think a few charts and predictions on a chat board are going to make any difference with EML. Please give us some of your narrative and tell us how this game really works. I'm not controlling any narrative and I've no idea how this game works.
The approval of the ESIA by the powers that be is the only thing that matters right now. You can draw pretty charts all day long and it won't make a scrap of difference to what the EML share price does. It will move on news and sentiment and not charts.
My #EML chart delivered over 65% gains. Not only that it predicted both support and resistance levels. My TA idea is still predicting how the SP is moving. Trolls will always be trolls and will always try and control narratives, why? because they are liars and they are thieves. Never forget that fact!!! I made a winning call, yet according to some on here I am still wrong? LOL Remember how this game really works. https://x.com/SwazersC/status/1763178463417000306?s=20 https://www.tradingview.com/x/ncW0UolO/
Good post, SloppyG……meanwhile, I suppose its just there for day traders to practice their skills?
Cash is going to be the next challenge at this rate.
We know from the interims that they had sufficient cash to see them through to around September (assuming the scoping study did not incur significant additional expenditure).
They cannot however drift along until they run out so will need to put in place contingency measures pretty soon. The question is do they realistically have any options in this regard (without the permit); unlikely one would presume
They also have the small matter of needing to publish the Annual Report by the end of April. As it stands I cannot see the auditors signing this off as a going concern as they simply don't have a further 12m cash in the absence of the ESIA.
One way or another this all therefore needs to come to a head pretty soon. Its pretty clear the company have been tip toeing around the authorities through fear of upsetting the applecart. Understandable post earthquake but its fairly clear now that "National" operations are back to BAU hence at what point do EML need to get on the front foot.
Sense April could be a defining month here with the AR due to be published and Q1 trading update. If still in a holding pattern at this point then fearing the worst to be honest.
Goldbar,
Yes it is taking forever, that said this new process using 60% less water and no DWI has only been known for the last month & there isn't a DFS for this method (something we may have to do before receiving the ESIA which would also be a good time to reassess the resource which should be higher with this new method), although if they do request this hopefully GC can RNS it so we can see they are getting somewhere.
Nice to see a good blue finish to the day.
what a load of old ****e. the s.p will move if random people want a 50/50 gamble and buy, or they sell because they’re fed up waiting. and if the esia is awarded, it’ll rocket. not because it’s a support line or if there’s an elephant pattern crossing a mud flap spiral. just because it opens back up the whole project. honestly, great work and i’m sure it took you some time, but i seriously don’t see why you bother. not for eml anyway
Update https://x.com/SwazersC/status/1762513840397340933?s=20 https://www.tradingview.com/x/eXJsrBd7/
But we have the wonderful Rupert to weave his Diplomatic webb to smmmmmooooothe the process .....
chisler
As difficult as they want to make it
The silence just seems to go on and on. Surely - at this stage - there must be a hint of where we are at with the ESIA. How difficult is it to make a decision?
No . lol
Did the 10% drop surprise you?
@Aghmir, as much as I feel your hurt about your father, how was TestPack supposed to know your father was deceased? Your response was a little over dramatic don’t you think?
Very good to hear from you Westie, pleased to know you are ok. Your contributions are very valuable but totally understandable if you have decided to take a step back from posting.
I remain fully invested but just hope that the ESIA does finally come soon, it has been an extremely long wait and a very frustrating time for long term holders.
All the best to you.
Aghmir.
'This is the last post on this site'
Good.
As I said, never posted anything on interest or factual. Sorry about your Dad. Everyone has a time.