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Someone's asked for it at a certain price. Someone's worked it to get it to that price for them.
They got it at that price.
: )
That £26k buy @ 2.65 has just tipped the scales (only showed up just after you posted).
Hopefully next week will be the last week to buy below 3p.
Have a good weekend all.
Steady day today. Some sold some bought pretty equal in my book...
Is it a large order being filled? Could you please explain more how this works and effects the share price. is it a large order to dump or large buy.
Thanks
Is it a large order being filled?
Well it looks like someone is dumping their holdings in EML.
I guess News is "Imminent"
That's how I'm seeing it too. Big gov given it back to little gov and saying alls OK with us so you've no worries......
Woolverstone. Your comment that he EISA was 'too important' for the 'local' Committee to approve is incorrect.
The 6 July RNS which informed us of a decision, clearly stated;
'Following a recent evaluation meeting, the Commission Régionale Unifiée d'Investissement ("CRUI"), the regional investment authority, was unable to approve the application, '
The RNS gave no reasons, but in a preamble the Company stated it was the 'usual culprits'. Water usage, brine run offs.
In light of the fact that this BOD are rather 'Scrooge like' with divesting information to the owners of the Company, us, as S/H's'. I conjectured at the time that I thought the refusal was because if it granted EISA and water then became a serious issue, the 'locals' were making a 'rod for it's own back'. So, it passed the buck. National has now countered this by returning 'the buck', thus giving them full control on the decision. For reasons previously explained, I fully expect EISA to be awarded, sooner, rather than later.
Does anybody know as I can’t seem to find anywhere what was the actual date of the ministerial meeting?
I seem to be totally confused regarding the last RNS.
I was under the impression that the local department said that they could not approve the ESIA as it was to important a decision for them to make and sent it to the Ministerial Department Meeting for a decision.
It now seems this is not the case and is now back in their hands for a decision!!!
Let's hope we now don't see a game of ping pong between local and Ministerial departments and all the money runs out.
Strongly believe if this was say a Chinese or Russian project the mine would have been built and up and running at full capacity.
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!