Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Aghmir - Can you elaborate a little more? Where have you read that their is a meeting December 21st?
thanks
Reading the Government link the three jobs created are new. So I get the impression that he is not replacing anyone. He is their to improve trade links.
So now we have an Ambassador and an Envoy for Morocco. Graham mentioned he had been in communications with the Ambassador in the last BR Business News. Lets hope these people use there influence to get that permit over the line.
The Prime Minster has appointed three new trade envoys. Robert Butler gets the position of trade envoy to the Kingdom of Morocco.
https://www.gov.uk/government/news/prime-ministers-trade-envoy-programme-appointments--3
Lets hope he hits the floor running and helps us get that permit over the line.
Burning through money is never a good thing!
The bit I found interesting was three little words - "discussions to date"
From the RNS -Emmerson is awaiting a session of the Ministerial Committee to consider the matter, and although management remains confident of a favourable outcome based on "discussions to date", the timing of the meeting is not certain, particularly following the devastating earthquake in Morocco,
In previous RNS they have suggested that there confidence is based on the "National important of the project "which I always found a bit woolly as not everybody will share that view ie - CRUI Regional Authority. In this RNS there confidence is now based on discussions.
This suggests to me that the Ministerial Committee are already in possession of all the information put forward by Emmerson to support the application for the permit. This time is now being used by the delegates to consult with there advisors and challenge Emmerson on any sticking points prior to the meeting taking place. Though it doesn't seem it I still think things are still moving along, albeit at a snails pace.
The argument surround the use of waste water really comes down to - is there enough to go around. From what I have researched on the internet the waste water treatment plants in Morocco particularly those that are rural only use the reprocessed water for crop irrigation. If all the waste water from the Khemisset Waste Water Treatment Plant was earmarked for the agricultural sector then this would be a none starter and would be pointless for Emmerson to even suggest it. At 5.54 mins into the You Tube video he goes on to say that the suggestion of using waste water has been” well received”. He also uses works like “ take” and not “ share”
What we don’t have regarding the outstanding issues is the detailed solutions that Emmerson have put forward but I would have assumed that Emmerson know the quantity of water they would require for the plant and that the waste water treatment plant has the excess capacity to provide this.
Is the argument really that the agriculture sector which is the mainstay of the Moroccan economy don’t really want to stress test their water supply by sharing it with a new comer?
Interestingly I found this link whist researching. It suggested that up until recent times Morocco was disposing of most of their waste water into rivers and the sea untreated.
https://www.statista.com/statistics/1174349/wastewater-reuse-in-morocco/
Got to be worth more than 2.1p !
Does anyone think that a share consolidation followed by the fund raising is on the cards?
Call me an optimist but I don’t see a delisting happening. This is unfortunate timing but let’s get all the bad news out the way so this share can start building a base from which it can move up instead of down.
You are telling us what we already know from the RNS. what's your point ? I believe that we will find another nomad before the time is up. Hence the purchase today.
I think they will find a Nomad before the deadline of 25th Aug. I have just topped up.
Decided today to top up at my average. My buys don't often show up as a buy but this one did the 645715 is mine. This will probably be my last buy as I have two many as it is! The last RNS suggested that the mine was progressing well. Lets hope that we get more details soon and get this stock moving towards the 1p mark for starters.
same here. TD wanted 2.72p for £10K or 2.63p for 5k. I brough two lots of £5K. Both show as a sell
The last time I was in this share was in 2011 when I got out in the high 20's for a small profit. I nearly got back in around 10p. I have decided to dip my toe back in at these prices. I am hoping this is near the bottom. I understand your frustration I have been in NRRP for what feels like ages but hopefully that is about to change.
Looks like Yakoub Yakoubov is topping up. Now has 4%.
Anyone know when the results are due ? Thanks
I don't expect it to be a great one. I would hope for significantly reduced losses with the promise of jam tomorrow. I do however get the feeling that the ship is gradually turning. Let’s hope they do not run out of cash before this happens.
Anyone like to share their thoughts on what they think the next set of results have install for us?
Any idea what is going on?
Nice jump today after weeks of falling.
lets hope you are right. Most of my AIMs stocks are falling. This one is holding up well. I get the feeling buyers are moving in expecting good news. "Gon lets not disappoint"