Member Info for MrJinx

Thanks :)

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.

…at no point did I say my rant was rational. :0)

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!

Positive update. :)

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?

@Westie…worthless?

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.

So GC, after only a couple of years in post, with no ESIA, has been awarded over a million quids worth of shares. Pigs snafflelling in the trough yet again. What a ****ing disgrace!

@GW62, …asking Audible to prove up his claims…big lols :D)

GWMO…now there’s a blast from the past. Proper sink hole for your money.

You’ve got £50k to invest and you’re asking this lot for advice…lol. Good luck mate. ;0D)

Big cry baby!!! :0D

@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.

Child.

Two things DShox, firstly you acknowledge’no risk no reward’ and then dismiss that there’s any risk at all. Secondly, look at the time frames between the authorities receiving the completed ESIA in the first instance and then being told the water treatment plan wasn’t up to scratch. It was a matter of a few months. So the authorities were not just able to ratify the ‘other’ aspects of the ESIA in that time but, they were also able to assess that EML’s water plans weren’t appropriate.
Now, compare the timescale between the re-submission and up to now, where no indications have been received.
Why? It’s a simple question and the answer isn’t Covid, Ramadan, the Kings signature, changes of government etc etc etc!

Starting to again suspect somethin’ ain’t right. Just rewatched a Proactive Investors interview with GC from late 2020. “ESIA is complete and we expect the permit to be awarded in H1 2021 and construction starting in H2 2021”.
Say what now….?!?!?
Either he has received incredibly bad advice, he’s a complete moron or EML are having its chain pulled by the Moroccan Authorities? None of which are acceptable for a publicly listed company.

…I’d this thing on?
No comments since 20th April. This must be the coldest stock on Aim.

The history of AIM is littered with mining companies that signed JV’s with companies that then went on to take control of them by funding raises directly and diluting existing shareholders out of financial existence.
I would be more happy with a direct off-take agreement with OCP at a reduced rate or abandonment of the tax-free holiday.
Anything except a vehicle that allows a third party to take a too substantial stake in EML for comparative peanuts.