Member Info for idg69

Graham-paul - it's a 10 year play so I wouldn't concern yourself with what's happened in a week. I also topped up at 8.5p last week and not because I thought it would miraculously head north on my £2k buy but because I thought it a reasonable price. if it dips to 7, 6 or 5p I might top up further, funds allowing.

It's been in rapid decline for 3 years losing nearly 80% of it's value in that time and I don't believe the trajectory will change in the next 6-12 months. I'm in this for Liberation Labs, Onega Bio, Solar Foods, Formo, AllG, etc - basically the Precision Fermentation and Enabling Technologies companies. I'm not convinced the Cell Cultured meats will have any positive impact on the portfolio in the next 5 years. In fact, I think they will hold the company back in the short to medium term.

Wishing you well in your investment, but definitely one for the bottom drawer.

He comes across a lot less confident than he used to do. Would be nice to hear them announce that Mellon will refrain from bleeding the company dry until the share price is considerably back above NAV value. I really don't like the fee structure that has been set up around this share. Skim off the top when times are good but not now before the portfolio has even got going.

I'm in this for the next 5 to 10 years so I accept the ups and downs but this is just on a one way trajectory south.

Couldn’t agree more. GC is not CEO material. He’s an operations guy. I’m confident he’ll be able to build and operate the mine, but he shouldn’t be CEO, he lacks charisma and doesn’t inspire confidence.

I bought in 3 years to soon. The share that keeps on disappointing. I'm not prepared to bale out now though having been here this long. Just got to try and switch off to the weekly/monthly fluctuations and think positive that the ESIA will be granted within 90 days from the revised submission and this will eventually grow wings.

He can now ‘ask the host’ too, so he has an extra lifeline. Might get more sense asking Jeremy Clarkson than Graham Clark.

Who knows what's going on behind the scenes. The wait is painful. I feel like I've just wasted 3 years of investing with this stock when I could have made considerable gains elsewhere. I'm not prepared to lose my nerve at this stage in the game having waited this long. The last RNS was so vague it didn't give any idea of timelines going forward, not even the word 'imminent' was mentioned. Qtr 1 has now been and gone, surely we must have a decision in Qtr 2.

Communication is truly awful from this company, it is sporadic, vague, lacks detail and more than often raises more questions than they answer. There doesn't appear to be any urgency to expedite things or push for answers and dates from the government decision makers. I accept the KMP was a great piece of work and potentially a game changer but at this rate there is going to be no game to play. Why can't EML just make it clear and unambiguous what is happening, it's not too much to ask.

Can't help thinking we're being played. I've always thought that there are dark forces at work holding EML back from getting all the approvals required to progress. Something doesn't smell right to me.

You haven’t missed any news, it’s the slow painful decline that comes after each false dawn. The only news to lift this from the doldrums is the approval of the ESIA and if and when that lands I suspect it will come with a whole load of conditions. 3 years on from what should be a ninety day process. God I hope our patience is rewarded after all this time.

I fully agree with your sentiment. Hayden should have remained in post until all the permits were approved and the finances signed off. GC is the right man for the build and operational aspects but not CEO material pre build. Nothing against the guy but the negotiating and operational aspects require 2 very different skill sets. Let’s just now hope that the KMP process is the game changer that gets the ESIA approval over the line.

Chewise, returned to regional for reconsideration, I would be happier if it said returned with recommendation for approval. They could reconsider and come to the same conclusion. Though the environmental and water consequences are considerably reduced now we have the new KMP and that is a game changer we are told. The market appears to like the news so far this morning.

I don’t know how to take this news. I too thought the top brass would just rule on this and the decision would be made. Ok, they’ve not said no you can’t have it but instead kicked it back to local government. The RNS’s always leave you with more questions than answers. They’re too vague. I didn’t like the fact a representative of OCP sat on the local government ruling committee (if in fact that was true). The bottom line is we wait and wait some more, meanwhile the cash burn continues. God I hope they don’t do a fundraising at this share price.

Https://scitechdaily.com/breakthrough-could-reduce-cultivated-meat-production-costs-by-up-to-90/

Your chart has not delivered 65% gains, your chart has delivered nothing. Traders buying the shares have delivered the gains. Nobody is saying you are wrong, they are just pointing out that charts are an irrelevance when it comes to the EML share price. What have liars and thieves got to do with the price of fish? You are delusional if you think a few charts and predictions on a chat board are going to make any difference with EML. Please give us some of your narrative and tell us how this game really works. I'm not controlling any narrative and I've no idea how this game works.

The approval of the ESIA by the powers that be is the only thing that matters right now. You can draw pretty charts all day long and it won't make a scrap of difference to what the EML share price does. It will move on news and sentiment and not charts.

Swazers - Do you do horoscopes as well? - I'm a Capricorn, what does my future hold?

Swazers - I didn't post any comments saying I didn't agree with your idea. I posted a vaguely humorous comment relating to

"I didn’t get where I am today without the precise agreement and understanding of ‘macro asymmetrical descending triangles’ they are the only triangles I fully agree with." it clearly fell on deaf ears in your case.

I'm sorry if I have offended you in some way - I have no charts or money making predictions I can post you to. I am just a humble investor trying to make a few quid here and there.

Enjoy your day and I won't post on your thread again.

Nothing goes up in a straight line (except rockets - and we are definitely not one of those). We have to expect some pull back after the recent rise. I'd have taken 2.7p a month ago when we were sat around the 1.5p mark - let's just hope we don't go back there.

OCP will always go to the front of the queue and get preferential treatment when they're served by the nature of their state ownership. I don't like it one bit but EML have zero leverage with the government. Not a great advert for any overseas companies looking to do business in the kingdom if this is how you are treated. Anybody think we may get a cheeky take over offer from OCP in the short to medium term?

Enjoy your weekends and we'll see where this goes in the coming weeks.

He's not releasing any funds as far as I'm aware, he's just giving himself and his colleagues more shares free of charge as far as I understand it. I believe in the concept of Agronomics and I'm invested for the medium to long term (5 to 10 years) I just don't like the payment structure that Mellon has set up for himself. Take the rewards when the business is performing, not when we're down 70% over the last 3 years. It just smacks of greed - capitalism at its worst.

Goldbar2 - It's only been three years in the waiting, it is difficult and don't call me Shirley.

Thanks for the link Matador78, I'll give that a listen today. Always interested to hear different points of view from people.

Hi Ideas - I didn't get where I am today without having a great deal of sarcasm and distrust in my life. Enjoy 3 minutes of I Didnt Get Where I Am Today - The Fall and Rise of Reggie Perrin

https://www.youtube.com/watch?v=j-iXXtOUdls

Agronomics has so much potential as a vehicle for investing in the future agrarian revolution, but unfortunately it appears to be just a vehicle for Jim Mellon to take and take and take again. I'd have less objection if the share price was riding high and private investors were seeing the benefits too but we're not. It stinks in my opinion. He should allow the company to grow and mature before taking his cut. News like this just kills the share price and puts off potential investors.