The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Seems there are still some interested parties...
https://lnkd.in/emm5MRpp
So, it seems that the battle of the board is over and the Flock (those that want the BOD and the Turnip to go) have out-cacophanised the Herd (those that feel this is a good project and is being held up by dark forces beyond the BOC control). So, according to the chief Flocker, the Herd has left…
Here, however, is the view of one of the last of the Herd, FWIW…
A long time ago, the Great Hayden Locke (TGHL for short and Patron Saint of the Flockers) looked around the Khemmiset Project and saw that his work was done. Permits…check, ESIA…in the bag…time to move on to new pastures as the fertiliser is in the bag! Just before he left, he appointed the best person he could find to build a Potash mine and then run it successfully, someone with loads of Potash experience. And to this man he passed the chalice.
So, the Turnip gazed into the chalice and issued a statement that he was glad to be onboard and looking forward to building the mine as the ESIA was imminent and there was work to do. Oh dear, it appears the chalice was poisoned and he would be haunted by the word “imminent” forever!
So… here we all are, Herd, Flockers and Turnip alike… a long time hence and all still waiting (some more patiently than others). BUT… there are only 2 likely outcomes, the ESIA is granted or it is not.
If it is not, we are all doomed!
If it is, then it might be a good idea to keep the person whom TGHL thought was the best person to build and run a Potash mine as this is exactly what we will need to do.
Calling for the Turnip to go now, strikes me as being very silly!
Cos I wanted to buy a few ... :)
RNS 9270R of 11 July
Portals and Declines
"The remaining MIA infrastructure layout was proposed and approved. Engineering is well underway on each of the key infrastructure areas. Civil and structural work has now commenced following the decisions made with regards to mine site and portal locations, as outlined above."
From two weeks ago evidently.
https://www.linkedin.com/posts/emmerson-plc_eml-eml-morocco-activity-6849672709996081152-he1T
https://www.linkedin.com/posts/emmerson-plc_eml-morocco-potash-activity-6849669219429171201-FF1D
Fred,
The really sad thing here is that the realisation of this enormous economic resource lying beneath the feet of all Brits has been made possible largely through the funding by us Brits, many local and many from all around the country. If the ownership continues to reside with the current shareholders then the revenues from this operation will contribute around £4bn pa to the British economy. Taxes will be fully paid in this country and a large proportion of dividends will be distributed in this country for 100 years. Those dividends will largely be spent locally and drive the local economy. The people who have committed their pensions and savings to the project, and the country as a whole, will benefit for years to come. If AAL pick this up for the pittance that they are offering, the resource will become a cash cow for yet another large multinational that will use the revenues to fund development of other resources elsewhere in the world and will offset those costs to avoid paying taxes in this country. I know they are a British company but anyone who thinks they will behave any differently to the Amazons of this world etc when it comes to paying taxes are living in a dream world. The dividends that are paid will not be paid locally and will not feed the economy.
Make that £700 bn .... sorry, I just cannot get my head around that number ....
Ahhh lospec... "Johnson tells people what they want to hear and changes with the wind."
Indeed, and Corbyn's Pledge of the Day for today is 2 billion trees planted by 2040. Simple arithmetic will tell you that's 3 trees per second every second till 2040! Further simple arithmetic tells you they will all need to be Money Trees and each will need to produce £350 to pay for the £7bn that Jeremy has promised to spend!! Last bit of arithmetic says just a few more of those money trees around Doves Nest farm and the SBR can get going ...
They work ????
Maybe we need to start our own Party up here in the NorthEast, we could call it "The One Pound Party" and we would have 85000 votes in the bag...should be enough to get at least one MP in the house to keep up some honest pressure for the project. Even give someone a chance to go canvassing by bashing on some doors ...
imho...of course :)
I'll bet a buck that illbetabuck will buck off at the first sign of good news...hope it come soon!
Dunna Runna - but not from this...holding both my holding and my breath!
Hi Myo
Just wondering...
10.6.1 Cuttability testing by Komatsu confirmed the cuttability of polyhalite and highlighted that although polyhalite is harder to cut than other minerals, with correct equipment selection and picks selection set at the correct spacing and attack angle, cutting rates greater than 400 t/h are achievable.
... and ...
10.6.2 Continuous Miners
Komatsu modelled equipment productivity based on the test conducted in 12 m wide room x 5.5 m high and with consideration of place changing.
Where Komatsu found this 12.5m x 5.5m room in Polyhalite to do this testing ...??
Thks Myo, seems to go to the same place from my side. Hopefully all comers now satisfied. Muck chutes, always useful!
https://www.linkedin.com/posts/sirius-minerals-plc_engineeringexcellence-activity-6569187097461178368-JxHH
Could probably have used these on this board over the weekend!!
Interesting post PB. The % range declines each time the tree shakes as sentiment driven PIs drop out of the tree. This week's shake has, I believe, shaken out most remainers hoping for rapid riches. (Lots of comments on this board from those that are going). CF's xfer from PI to II is well under way. From here? Possibly a slow and steady "normal" share progression to that mythical 40p mark by what?... end 2021 and then 60p by 13mtpa. Who knows!! But the insane peaks and troughs I think are over... no £1 parties but less bad oduors in the study...hopefully...
Seems the first VSM task is complete... good news... at last!
https://www.linkedin.com/feed/update/urn:li:activity:6541986800636964864
Rooster, you are just like a Cicada
In African, whenever the sun goes down, the Cicadas appear and sing their boring song.
In SXX land, whenever the SP goes down, the Rooster apppears and sings his same boring song.
Know what Rooster? In Africa, the sun comes up again every time, and in SXX land that SP is going to come back up again and soon it's going to get quite hot! All IMO, obviously (includes finding the cicadas boring!)
Deramper: Told you they'd put the shaft in the wrong position, and it's supposed to go down, not up!