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Agree with this, each to their own assessment. I would like to add here but have my position. I would consider adding more only when I see one or two developments - Env Permit award or a deal with OCP, then I think the market will get the message.

AE agreed its been a long wait. I said before that in this market, only outcomes will move share prices. Unfortunately like many an investor today, this sp is incredibly tempting but can't take advantage meaningfully. Have my position and will wait for the key RNSs that start showing the market this project is getting built. I think that's really it. When a few key blocks fall into place, sophisticated investors will fix the lowly sp.

Good to get some action and excitement brewing here. Potential is there. All this silence for good reason?

With Morocco and UK business ties and African Development Bank talking about Africa, does EU really fit into this story? Can't see EU dishing out free money to Africa or making sense of its own policies until 2035 at the earliest.

just the same one or two (same person?) IDs out to play whenever there's been no "news"

sp is far into oversold so if just a couple of PIs can be persuaded to dump into nothingness volume, its possible to snaffle a decent sized buy

And what helps share prices drift down completely in line with global markets exactly?

Mr Market determined to keep this one capped. SP went over 10p too quickly, now back to almost pre-war. I expect MMs wants to pressure this into the 6s before any decent RNSs so will keep powder dry until I see they've run out of puff (or time).

I'll give that a listen this evening. Using local suppliers is key to ESIAs the world over though you can still bring in international experts for the FS/Technical as EML has done / is doing. I picked up on the latest RNS and presentation the increased emphasis on boosting Africa's resilience - just by looking at the export routes from mine, the majorirty land in West Africa. OCP and Indorama come to mind. You have the Brazilians, Japanese, Bangladeshis, Peruvians all visiting Morocco for fertiliser inputs (Morocco being dominant in global phosphate reserves). UK must be worried about food security too, like everyone else and this new post Brexit world might have our diplomats doing something useful. Alas, we speculate absent update but at least there is something to ponder!

Food for thought Ideas. Makes alot of sense but doubt EML would have thought its strategy could ever be totally separate from OCP/government or it'd probably wouldn't have managed to bag the resource. I would like to see a powerhouse like OCP involved - not just for the equity but also the offtake, technical and marketing experience. Perhaps OCP sets up a blending facility in the UK?

Does look like the initial potash mania crowd has left and taken a hit. Should bag if EML delivers so nothing to do but sit and wait for RNSs. Definitely not supplying MMs at this price.

Actually, grown ups are starting to talk of $600 as new long term but could be higher. No magic wand when the war finishes - market knows that and isn't rating eml on the $1,200 spot price recently hit.

No value in guessing numbers. Inflation pushes up capex, identification of savings and efficiency brings it down. MOP price is by far and away the larger force on NPV. In this current environment, its clear to investors that the current crisis and impact of inflation on crop prices is a major benefit to the project. Wait for the experts to run all their numbers. You might find other workstreams boosting the NPV too.

The new presentation will be for the debt and equity market so audience has changed. Probably not appropriate for EML to deliver a slide that says "we can do without you lot by the way" but we can infer from the change that the option is there. I think the ESIA wait is more about giving authorities confidence that local suppliers will be used as much as possible and community is fully engaged. Full year RNS talked about good progress with additional strategic equity partners, so good to see who comes aboard. This will be separate to the final fundraise when all the technical work is complete.

What i found interesting- which got removed from the latest presentation - was the "trump card" comment re raising projrct equity. I think this was about securing offtake finance instead of accepting uncompetitive II equity.

Good detailed post.

On the capex, the engineering consultancy appointments are updating figures. Surely inflation will see an uplift and adjustment unless offset by other efficiencies. That'll all need presenting to finance parties. On the Singapore strategic investor, part of those funds are to satisfy the project equity so if EML could possibly do better elsewhere.

And MiningInvestment wins post of the month. See you on next RNS - hopefully more meaningful than the last one.

Yes I agree. I think maybe UK seconded some our finest from the passport office to the permit dept. There's alot going on we don't see of course so I'm probably being slightly unfair. One thing coming out more widely now in expert commentary is the realisation things are not going "back to normal" and this fertiliser/food issue is with us for at least the medium term. In terms of other investment opps listed, there's a few I had on my radar but just keep disappointing despite potential. There's no guarantees but if I compare marketcap to NPV, macro tailwind, permits, jurisdiction and proximity to construction, EML is looking pretty good.

Singapore the "Far East"? :) All good with Peter on Twitter - doesn't miss a trick that one. As long as the content is useful. Milestones indeed now - well there's been a few including DFS, Mining Permit and strategic investment. A good sign the team is bulked up and Liberium appointed - thats a move for construction. Don't forget btw food hit a record high in Feb pre-war and potash prices on the rise.

To spread random fear etc, you really are desperate.

Top up anyone still with cash left? Bottom of the bolly.