FWIW - The price moves on the ASX have been less than on AIM (e.g. today the close price was about 5% higher than yesterday). But today 4.75 million shares were traded on ASX (highest volume since the 19 Oct 2022 "correspondence from the mister of mines RNS).
"The recent increase in price and volume as noted could be linked to the market expectation in finalizing the EPC proposal and contract. The Company confirms that no further or formal legal agreements have been entered into with work and negotiations on these matters continuing.
The Company is not aware of any other possible explanation for the recent trading in its securities."
Like all governments, they want to strike a balance. They want the employment and the tax revenues etc. They don't want the (potential) pollution and water shortage. They are aware that they can't easily get toothpaste back in the tube (once the permissions are granted they can't be easily amended).
Potash Projects - Like waiting for a bus23 May 2024 09:48
FWIW - I remain very positive about EML, a buyer if it remains this cheap. My attention is, however on KP2 where the share price has doubled since 13 May. Up another 10% today.