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The new Khemisset Multi-mineral Process cuts water use by 50% as it removes the need to inject (wet) waste back into the mine.
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.
We should get Quarter end 31 March 2024 numbers soon (late April). But really we are waiting for the EPC signing and the details of the new plan / EPC costs before end June 2024.
This stock has the potential to jump in price dramatically on news. So dealers in the Australian market (for example) won't want to be short even for a few shares, but they will work an order.
Only cash in the bank will satisfy the auditors. Far better to issue shares than a "death spiral" CLN.
Another 55,000 sold at the same price at 12:37. Maybe orders from Australia or South Africa ?
No impact really at this point. In the future it does. Emmerson have created a way of better using Carnalite (to create more saleable fertilizers) which Kore has in abundance.
However, Kore will mine Sylvite initially.
Ironically, EML is (also) an African Potash stock listed on AIM which awaits news. If it gets the news it will re-rate significantly.
Too many Potash stocks !
Indeed KP2 !
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.
It seems consistent with the expectation that the deal will be signed off / funded in the near term. If that is the case these options will be in the money soon.
Also, the numbers imply that the CEO will be paid a bit more than the CFO (i.e. approx 4/3 of CFO), but not as much as the previous CEO. The bulk of the CEO's reward will come from the options if EML performs over the next 3 years.
Baowu - change of status.
http://en.sasac.gov.cn/2022/06/23/c_13896.htm
As of June 2022 Baowu Steel has a special status having been officially converted into a state-owned capital investment company by the State-owned Assets Supervision and Administration Commission (SASAC). This special status gives Baowu the role of reform and co-ordination in the Iron and Steel sector in China.
As the last drilling efforts cost over $200 million, I doubt there will be any more drilling until the current resource is substantially mined.
I must be missing something. Are they saying they can build the railway etc. in just 18 months ?
Results out this morning. I got 70% of what I applied for.
FWIW - To me this all seems good. If the Auditors required a fund raise to allow a Going Concern, then that reduces our risk as investors. As all the new shares go only to existing shareholders, there will not be the usual overhang (due "flippers" buying shares for the discount and selling quickly afterwards).
Thanks for you very comprehensive answer. I shall study it and the references it provides.
I suspect that (ironically) the fiscal situation will be very similar whoever wins the next election. Tax revenues will be essential, and so either party will need to get taxes from oil and gas without killing the industry. Labour will probably face greater pressure from public sector unions for higher wages, so face either (winters of) discontent or stagflation.