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To be honest I sway back and foe...I then think they were in the mindset 'given the last two interviews' that the approval was again going to be given by the government, not refer back. I also thought that there was an issue with heavy load traffic...theres no way around that. I cant make up my mind if Graham is just totally out of his depth or stupid or just playing the the game with the Moroccan government....or playing shareholders. Every RNS leaves more answers needed which at this stage and years passed shouldn't be the case.
I am very sceptical of anything much Graham says, nothing much in any of the RNS'S have me think that they are that promising....they are all very vague but im hanging on to this line ...Emmerson PLC on Monday said a government committee in Morocco has upheld a referral of approval for the Khemisset potash project, which is fully owned by Emmerson.
Emmerson says Morocco government committee supports potash project
March 11, 2024 at 06:36 am EDT
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(Alliance News) - Emmerson PLC on Monday said a government committee in Morocco has upheld a referral of approval for the Khemisset potash project, which is fully owned by Emmerson.
Emmerson shares were up 6.8% to 2.67 pence each on Monday morning in London. They remain down 43% over the past 12 months.
Chief Executive Officer Graham Clarke said the project, whose referral of approval was upheld by the Commission Ministerielle de Pilotage, or ministerial steering committee, "will provide significant value and benefit to the Khemisset region, the Kingdom of Morocco and to the company itself."
Further, the committee invited Emmerson to update the project's environmental impact assessment and re-submit it to the Commission Regionale Unifiee d'Investissement, or unified regional investment commission. The CRUI in July had referred approval to the Commission Ministerielle de Pilotage after the CRUI was "unable to approve the application" following a recent evaluation meeting.
CEO Clarke said: "We are very pleased that the committee has upheld our referral in this matter. We now look forward to re-engaging with the CRUI to facilitate the approval of the environmental impact assessment for the project."
By Tom Budszus, Alliance News slot editor
Comments and questions to newsroom@alliancenews.com
Copyright 2024 Alliance News Ltd. All Rights Reserved.
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© Alliance News - 2024
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In my opinion. They have basically said that they are ok with it...Now local committee can sign it off with new amendments. Same as this country, if my local council didn't sign a major development they would have to go to the welsh government for guidance to clarify that such a development would be permitted. Moroccan government have basically said ok so now local government can sign it off. All good in my opinion...
Excuse me...but where the hell does it say that you cannot post on here unless you own shares. Its peoples own business if they own shares or not... nothing to do with anyone else on how people play this stocks game. Ferrisc, you need to change your one liners. Aghmir...please point me in the direction where they refused help so I can take a look.
I hope I'm wrong but I agree. All along with previous chats to Westie ...I just couldn't get my head around why OCP haven't got it. Maybe, Morocco just didn't want to stand on Russian toes as they were one of the biggest players in Potash. When signing up with secrets with Russia...you are playing with the devil.
morocco chose not to participate in the un vote that condemned the russian invasion of ukraine,[20] morocco said it was concerned about the military escalation in ukraine emphasizing that it encourages all initiatives and actions promoting a peaceful settlement of conflicts and 37% of moroccans want to keep ties with russia.[21] a former moroccan prisoner of war who has naturalized ukrainian citizenship was sentenced to death by a donetsk people's republic court.
they don't want to **** the russians off......
Didn't you know Matador that you are not allowed to contribute negatively about a share you are invested in....
Why you invested here....
Leave then...
Sell up then...
There are no two sides, please learn Matador. Big smiley face.