Member Info for Barravelli

I'm with HL and my shares were in a S&S ISA. However they have transferred in to my Fund Account. You need to check with your provider.

As long as the buyout is minimum of 1.5p I'll be happy just to get my money back. No way we are building anything. Can't keep delaying EPC just wondering how long it will happen after EPC is rejected. Unless BOD accept regardless of terms which is maybe why Brad went?

It's a big con. How much has he taken in salary for achieving absolutely nothing?

Looks like 0.38p. I wonder it say full amount going toawrds EPC which if the case means that another fund raise would be needed for keeping the lights on BOD lifestyles etc?

Well he clearly thinks/knows there's no more meat on the bone. Why leave just before a milestone of EPC and financing unless you know nothing is going to happen. I just hope the buyout price is at least 1.5p (my buy in price) I would be over the moon just to break even with this s**t show

Sorry CBax, as much as i want good news i don't think this is. Significant extra costs/dilution to give to a company to basically offer us a quote to build our mine. It's been 10 months since EPC was submitted and now we need to fork out extra dough. Sounds like Power China/SEPCO are recouping some costs for work they have completed. Is this common practice for companies to pay other companies to quote them for services?

Nope. Still waiting for the inpasse to break with chinese, which is least likely scenario, equity raise, or buyout.

@ALB1 not sure why you haven't answered my question and proceeded to instead decided gloat at my paper loss? However no worries, all the best.

Can anyone explain why we can't get another construction company on board? Seems crazy that the delay is the construction company. Surely this breaches MOU agreement?

Easy money for Brad. How many more shares will be issued to pay for his salary? He's laughing at us PI's

Maybe the sales are a knock on from the news about EMLs failure to obtain the ESIA? Sales are only small. I'm still hoping for a buyout 1.5p minimum because we ain't building a thing. I just hope it's announced before next dilution.

Paints nearly dried.

@ALBI you know it's bad when BOD don't turn up. My gut tells me this is dead in the water, no plan B just hope the buyout price is at least 1.5p (my buy in price) or more. Still find it bizarre the project is failing on construction contract rather than the most common of issues for start up projects which is normally financing.

Used to be invested in EML then sold up and moved over here thinking this was about to take off ha!

The Moroccan Government are IMO not wanting an outside company to have a Potash mine a few miles down the road from their own OCP which is largest phosphate producer in the world. There will be a complete buy out or strategic partnership with OCP for things to get moving there. Otherwise like us and the Chinese they can run down the clock as we only have equity raises to keep us going in the meantime.

Doubt we'll get a meaningful update just generic info like we continue to work closely to resolve the issues. Doesn't take this long to sort out unless there is a real problem. Can't understand why it's been held up by construction contract normally these projects the issues are financing (which we have sorted apparently) or permits but we have that. Surely there are other companies who would jump at the chance to build this?

We should have done that originally, seldom do start up companies needing billions do it without being bought out by the big boys. Hope it happens here as this is well and truly stuck in the mud. Chinese aren't budging we have no leverage to get them to meanwhile the BOD keep dragging it out.

Still not convinced the consolidations, poor managemen and SP peformance are part of a deliberate plan to go private. Why consoladate? We now have just over the minimum amount needed to be a PLC and we are at rock bottom share price.

Sale I can live with anything above 1.5 p I'll take. What does delist entail? Do we still get money for our shares?

Why would they not inform us what the issues are with the EPC? After all we are the owners too.

@Skycity did he really put that as a response? If he did what a C**t