The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
A link is doing the rounds today, about the permit meeting being yesterday. This is complete rubbish, and misinformation (as always).
Just to be clear, that is the Investment Committee which approves various project applying for conventions under the new investment charter. It's a different committee to the one that would decide on Emmerson’s referral.
Believe nothing on LSE and ADVFN, wait for official RNS's from Emmerson.
Try emailing Tim instead - tim.blythe@blytheray.com
Once the National authorities make a decision, even if it is not approved yet, it will not be a no, or a refused. Emmerson will be given a reason why, and will have the opportunity to re-tweak the application, and submit it again, as many times as they wish, until the National authorities are happy.
Just referred to the higher government department, and Emmerson remains confident of approval.
Not for AIM companies. There is no requirement to post %
There is no ‘radio silence’ there is an update every three months. The next one is due at the end of this month. They don’t post intra-three monthly. No news is fantastic news ;)
Or ESIA could be imminent, and not a way off. I’m sure all will become clear soon.
He’s a superb CEO, and the best person for the job. The SP is up again, so you’re the turnip.
I personally think that the ESIA maybe the following week, but great if it is sooner.
If you click on ‘I’ on the Unknown Trade of 750k, it was a delayed trade from much earlier in the day, so it could of been a buy or a sale.
Looks like an update to me, with construction still starting this year, and days away from the permit getting awarded, with the Moroccan authorities giving positive help in getting it over the line. Our efforts to finalise the remaining outstanding items with the relevant authorities in Morocco ahead of the granting of our Environmental Impact Assessment continue to be rewarded with constructive meetings and encouragement from the various agencies involved. I had hoped to be in position to provide a definitive update on this process however the finer technical details of the water management proposals, in particular our use of recycled water from the Khemisset waste water treatment plant, and our brines and dry tailings solutions, are awaiting final approvals from the environmental and water agencies.
It remains our absolute priority to finalise this as quickly as possible in conjunction with the Moroccan authorities with the objective of moving into construction this year.
They are down another 15 BTC in their piggy bank, so only 5 1/2 months left, before their piggy bank is empty. Their S19J’s 100 are really old now, and can’t compete with the faster 140 THS that others have.
Another 600k purchased.
250k
250k
100k
A certain person who boasts that he sold 75% of his shares in Emmerson, is the biggest negative poster on this chat forum. It’s so obvious, that he wants to try and drive the price down, rather than up, so he can re-purchase the 75% at a big discount. Every time it goes up, he will get less shares. It’s easier to filter the narcissist (pretends to know everything), literally, none of us engage with him, so he ends up talking to himself.
9am to 3pm are typical office hours in Rabat, but often, it is 8am to 4pm. Office hours do not change during Ramadan.
Absolute pile of rubbish, I am constantly in Morocco (Rabat) and everything is open as normal. You spew nonsense, about something you know nothing about. I’m Muslim, my family live in Rabat, and nothing changes at all. Nothing!
When you respond to the authorities with proposals, this isn’t a ‘ok then, here’s your ESIA’. It has to be formally submitted, then meetings take place, then Q&A takes place at the meeting, then further changes are submitted (which had been agreed on), then the authorities have a meeting to discuss if the criteria has been fulfilled, then all of the paperwork has to be filled in, then it goes to the permit awarding body. This all takes a while, it’s not just a ‘sounds good, here’s your permit’.
Good luck with that, he’s in Rabat, not in the UK, and there’s no UK office, it was an unnecessary expense, as they work remotely.
The ESIA is not expected until H1 so why would anyone sell in Q1. Anyone that does, is a moron IMHO.
Please send me the link to the RNS that states that the ESIA will 100% be issued in Q1. It doesn’t exist.