Member Info for Hamz74

Are you sure all of Wynn's 14 million options are current? A while ago they did a shuffle, cancelling some of the higher priced ones and replacing with lower priced ones.

Twitter/X postings from Emmerson handle do say 4Q

I wonder if his share options will be forfeited or kept?

Put things into perspective. Nutrien with annual revenues of 24 billion, or Mosaic with annual revenues 13 billion, are global powerhouses in fertilisers. Emmerson revenues could be approaching 1 billion within a few years, according to some broker forecasts. Emmerson's project has NPV (net present value) of 2 billion, based on discounting profits over many years.

Wynn left Rainbow Rare Earths in 2020 when the shares were about 2.5p. They are now 9.5p, and peaked at 16.5p in 2021. His departure is therefore not necessarily a good oracle for share prices.

Looking at Wynn's CV, he has generally had spells of 2-3 years at small quoted resource companies, so this fits the pattern. In his earlier career he worked for massively larger companies - multi-billion market cap firms like Anglo American. Lets wait and see where he lands. He has 1 million share options. If the share price hits 17p, they are worth 170,000? Not that much relative to what FDs can get paid at Plcs. Emmerson salaries are relatively modest compared with say Chariot, also active in Morrocco.

Also interim results due around this time of year, based on last year.

For electronic CREST shares, it depends on broker and type of account. They can stay in a SIPP or non-ISA trading account. They get kicked out of an ISA, but not immediately.

Not sure on paper certificates.

Bowleven website will provide updates, not sure how often. Also not sure how they would get in touch with you, better check the website every few months.

Maybe Emmerson will collaborate with OCP in some way? Lets wait and see. It has not been ruled out in any way as far as I am aware.

The OCP water pipeline mentioned here earlier this week is indirectly positive. If it satisfies some of OCP water needs, Emmerson has less competition for its water needs.

If you google Emmerson OCP this comes up from 2020. It is clear that OCP does have lots of joint ventures with various companies from other countries. I see no reason why they might not tie up with Emmerson in some way.

Morocco’s OCP Group to Construct Phosphoric Acid Plant for Joint Venture

The new plant aims to double the annual production capacity of EMAPHOS, a joint venture between Morocco’s OCP Group, Germany’s Budenheim, and Belgium’s Prayon.

It must surely be good if OCP is dealing with its water issues. That means there is more to go round.

Apologies this comment was for another board.

Is that still likely to happen now?

On Research Tree note

Was that from Charles Vaughan, Head of Investor Relations?

Auctus valued B sands at 27p, but with what level of volumes? That might be reduced now.

What about Rissana?

Just to briefly change the subject from Anchois on a Sunday morning, the Auctus research note (available via Research Tree) has an unrisked value of GBP 5.86 for "other Rissana prospective resources 2U."

Plus, Maquerau and Anguille taken together are 25p on the same basis.

Any idea if and when any or all of these may be drilled?

Was that the same Namibia geography or something nearby?

So Crown Ocean have only gone from c 58% to c 72%. That suggests only 14% accepted the exit offer, and nearly 28% will remain in the private company. Is this more or less than anyone expected?

That is fairly normal for AIM shares - its either the house broker, or one charging for research, or both. How much "independent" research do you see on AIM?

There's a recurring pattern of a morning bounce disappearing rapidly...

Volume 1.5 million shares traded today was just over half the average 2.8 million shares. In financial terms, its less than GBP 100,000 and less than 0.15% of the market cap, so I cannot see evidence of big selling before or after the AGM. I keep an open mind about Anchois and all the rest, but I would not read too much into this level of volumes and an essentially meaningless price change. The price has not really moved for the last 5 days, its been between 6.4 and 6.75. Whether the last trade was a buy or a sell, is often more important than the move up or down in the mid price.