Member Info for Barravelli

Brilliant points @testpack and @ideas gonna give it until end of q1 and if no permit take my little profit and sell up. Morrocan Governmet (OCP) will take this and are delaying the final meeting deliberately. Most are too emotionally involved to see the red flags. Hayden has distanced himself nicely.

Don't even know why he has been hired since financing was Hayden's area? Does he have any input in EML still if so what?

@Chisler thanks

Is the £40 million investment available to spend or is it in escrow subject to the permit being granted? From what I've seen it doesn't say either way. It will be interesting to see how the debt finance will be secured wihout the permit too.

Thought Hayden said no placing for "this year" which was 8th October 2021 (podcast) we are now February 2022 with ongoing indefinite delays to construction commencing, and keeping the lights on daily outgoings. Would be interesting to see balance sheet now.

So Government owned OCP are wanting a potash mine (11 exploration sites) however none are viable, except ours. Can anyone explain the benefits of them "cooperating" with EML rather than just buying us out and building the mine themselves as we've done the hard work in terms of studies (feasability, environmental etc.)

@Ideas do you have more info about the plot OCP are wanting to mine? Do you know if this is our seam of potash too? Ta very much.

@OOSM your definition of starting differ to mine and Grham's.See the following quote from GC taken from the link below. "The company plans to start building the potash mine, Africa's largest, by the end of 2021 and expects to start production in late 2023, Chief Executive Graham Clarke told Reuters" https://www.reuters.com/article/morocco-potash-idUSL1N2KF159

He didn't just announce the permit was imminent he also specified a time line thereafter including beginning construction by end of last year.

The truth would cause a panic and slump the price significantly. Staying quiet is lesser of 2 evils.

@minded great point to be fair about the markets in general especially equity. Hopefully people buy the dip.

I always wonder if bad news is coming after such a drop. Clearly the permit delay is down to the Government not EML. I still believe we are being shafted behind the scenes either for more bribes or to run down our funds for OCP takeover IMHO. No coincidence that 2 weeks after the 'imminent' RNS we appoint a DIPLOMAT! As always i hope that i am wrong!

Looks like the new unofficial deadline is end of March. I just wonder what the consensus would be if still radio silence and no permit by then?

@OOSM thanks for the posts explaining more about the permit. Hopefully any doubts i have will evaporate once the permit lands.

If we are still waiting April/May with still no word that will be 18 months from submitting (November 2019.) I would imagine even the most loyal of holders would be having doubts by then, not to mention a sub 6p share price. As always i hope i am wrong.

Yes Mr Jinx, or any other government owned company.

I'll be suprised if we don't get bought out by the Moroccan Government who seem to be dragging out the permit approval and running the clock down for us.

Can't help but think that without European and/or UK legalisation of Cannabis this company will not get to any significant value. Will still stay holding but if any value does come then it will be many years from now.

@OOSM 'Instant Expert and Barravelli both posting within 5 minutes of each other, surely must be a sign of that something is stirring up the bottom of the pond'

Ha! Ha! Ha! Ha!

Not sure why you are resorting to insults but my shoulders can take it.

Amazing how some people are reassured at the sound of someone's voice rather than hearing what they are saying.