Member Info for DShox

I imagine the remaining toxins on deck this week are your regular grubby left over shorts that failed to exit with smarter IIs last week.

As we can see, some are hoping for an almost continued news holiday but sure enough, they are more nervous than longs as we approach AGM and this war appears to winding down to diplomatic, negotiated settlement.

Ah Treading changing your expectations? First you said with certainty it's just AGM notification then you add "and report". If you want to grow up a bit and admit you don't know we can move on.

That's what you hope. No certainty in this market.

Think you've read that wrong. When you bring in an iNED and bullet point form state they are strong in corporate governance, done over $100bn in M&A and there to "speed" up a task, it probably isn't to chivvy up the bidders to table offers. Might have ignored NN seeking construction staff with Chinese language skills and it reshuffling it's IR & Sustainability. RNS this week.

Don't know about that in terms of JVs but agree a simple offtake finance deal for all or part of production works! Similarly, offtake finance from Brazil or other countries looking to Morocco also welcome. As per EML presentation, looks like management have a strategy to drive competition for the equity piece - "trump card" reference.

Sounds to me as though the last piece of ESIA is completing community engagement noting "consulting as widely as possible given importance of project" etc or similar words. This'll ensure the community feels involved, any concerns heard and they'll benefit. In terms of t/o, always a risk EML gets taken out too early but management know what they need to do to get the mcap to 20-25% NPV. Any t/o should be north of 30% NPV for an advanced project. For me, another key win will be offtake MoU at $600-800+, recognising we are not in same $400 world of yester-year, officially re-rating NPV to £3bn+. Hopefully a good June here!

Good food for thought westie - pardon the bun! pun! yes it gets worse :) On OCP, are you saying JV gets signed prior to env permit? I'm not seeing the connection or do you mean just a general step to development? For me, narrative has started to make more reference to the importance of this project to Morocco and wider Africa. Khemisset is prime location, scale and grade for premium markets in Brazil and Southern Europe - just like Highfield's Muga near Pamplona and Port of Bilbao - but I take note of OCP and AfdB statements on food security and derisory potash per capita use. If Khemisset inks with OCP, current assumptions about shares in issue for production undergo a sea change. Then its debt package and I think we've got a sense of how that'll go already. Watching Highfield closely - CEO will drive a hard bargain for the equity piece (he's not warm and cuddly) - and wonder if Iberpotash (part of Israeli Chemicals) will now make a move. That's ripe for t/o and I think EMR Capital might want to cash in.

The update follows the statement from the African Development Bank on food security for the continent and its need to be self sufficient rather than relying on handouts and fragile supply. I hadn't realised Morocco as a major phosphate exporter was reliant on potash imports. With all the focus on the government on Khemisset and increased talk of Africa's incredibly low per capita use of fertiliser, does seem OCP JV being lined up which could solve the equity piece for construction. Game-changer if that happens. Noted Emmerson's tweet on OCP a few weeks ago.

OK long...OK ;)

Unless the sp can penetrate into the 9s on high volume, shorts know AIM has them covered. How they ultimately capitulate and how much they lose is irrelevant to me personally. +20% yesterday was nice to see on the screen but not the point of my position here. Like many LTH, I'm confident a large deal is close to announcement.

Very strange day yesterday. MSCI rebalance combined with large buys that continue this morning. MMs will have loaded up hence despite buying, price is controlled at +6% this morning.

Idiot boy either genuinely dumb or pretending it's his first day on AIM.

Lots of buying. Only thing manipulating and holding this are MMs, for now.

Expect more major clients buying up today

Everyone's still here don't you worry ;)

Market appreciated the detailed update. Certainly huge amount of work going on. Didn't stop one or two "selling on news" but then expect they were behind the selling in the 9s and now need others to sell for their trade to work. Just a regular day on the market.

Don't understand that L2 picture

Kippers still landing despite the calming of caffeine effects this morning

Yep now another two for 250k at 8.8p. Bid getting stronger and moving up.

13:50 500,000 8.75
13:51 1,000,000 8.6

You've had funds needing to sell, which everywhere else makes a share price fall as that rebalance takes place.