The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I got stiffed on this seven years ago, and others were stiffed years before me. KDR are still no further forward to seeing diamonds come out the ground. Lifestyle company living off the suckers.
Dollar lending rates are at 6%, whereas Libor is just over 3%. The issue with banks is that they’re awash with money so if you have a great project and can afford the repayments, they’ll give you the money. That shouldn’t be an issue here. However, Chariot’s s.p won’t be unaffected by the economic fears rippling through the UK at the minute, even if Chariot as a company are reasonably well insulated from it.
RNS 10th Nov 2021 - Emmerson expects to invest well over US$500 million over the Project's initial 19-year life of mine, creating over 2,000 direct and indirect jobs, and establishing a long-term beneficial partnership with Morocco.
If you can explain the difference between that statement and the $2.5bn, I’d be most grateful. To avoid confusion, I did assume both figures excluded initial capex…I think.
Could turn into a big pile of shi-te. I can’t believe the permitting committee hasn’t even given a date of the final hearing. Wtf more do they want? If this isn’t being ****ed in the **** by OCP, I’d be very surprised.
…and another thing. Investment over the duration of the mine was $500m, now it’s $2.5bn and I’ve not heard a peep from anyone on here. Have EML agreed to build everyone in Khemisset a bloody house…??? One does wonder what sort of profit degrading deal Emmerson will eventually sign up to. :(
Anyway, rant over!
Let’s not forget Westie, we weren’t notified of the original delay. We only found that out from an update three to six months after the resubmission. At the time we were told ‘no issues with the permit’ yet that turned out to be false.
The issue for me isn’t share options. It’s the over generosity. I accept if the share price goes to 50p we’re all winners but GC isn’t risking anything. He’s still being paid. Effectively, he is taking shares at whatever the sp is minus -7. There is no alignment with you or I as he takes no risk. If the sp tanks, he won’t take the options but he’ll still be getting paid. How can people ignore this fact?
Honestly, it’s like talking to children on here sometimes.
GC now holds 19 million shares, which even at 7p, is worth £1.3m. Just remind me how many of those did he stick his hand in his pocket for…?
If you think that’s fair recompense for a guy who has achieved at this point, the grand total of zilch, then you’re a mug.
@PAUL2566. I’ve never read such a load of ****e. No-one, and I mean absolutely no-one invests in an AIM exploration company to make 10% p/a for five years. If you want that sort of return, you go for a main list company with great divi’s or you go for a company that has a solid unimpeded plan for growth. If you’re not looking for at least double your money in 12 to 24 months on an AIM listed explorer then your risk-reward metrics are way out of kilter. You wait for five years for a 55% return, you’ll be diluted out of existence.