Member Info for MrJinx

He’s not wasting my time, I read all posts. If he was being a clown I’d understand but he’s not. It’s just as important to get a pov from frustrated investors as it is from positive investors. Not doing so creates a false position.

Cbax…are you getting your updates by post? You’ll see 10p was breached at 1:22pm…or thereabouts. You posted at 2:05pm.
Me personally, I wouldn’t criticise any post until I knew for definite that I was right. Just saying…! :0D

Gone

@DShox - Clarke has stated that any further fund raise will unlikely be under 15 or 16p a share. So whenever we’ve done our fag packet calcs on here, we’ve largely based a £300m(debt) £100m (equity) on those numbers. Or at least, I have.
However, once permit has been approved and this steams ahead into the 20’s & 30’s, the equity raise sp price may be higher.
I’m guessing that by the time we’re in full production, we’ll have just shy of 2bn shares, hopefully 1.5bn and a Mcap of a pound’ish. Orior has us at £1.88 plus but I’m not sure how likely that’ll be. I can see how it could happen; EBITDA to US$509m supporting a valuation of 170p/share at 8x EV/EBITDA if the incremental capex is funded out of operating cashflow. (Courtesy of Twitter). However, what needs to remembered through all of this is that £1.70 a share would make me a millionaire, and I’m the unluckiest chuff you could ever not wish to meet.
All guesses of course and all only my uneducated opinion.

If this blows, I’m not sure where the resistance would start. Uncharted territory for EML now so I’m guessing resistance would start at maybe 12-14p. That would be medium term bag returns for a lot of guys so top slicing perhaps. I can’t see anything higher without the permit, but then again like Audible, I might just be talking out my arris!

I’ve been in Chariot seven years. It’s about time that gave some sort of return. Bit concerning that they’re having to use debt brokerage and there hasn’t been respectable third party verification of their Anchois asset yet.
In any case, BOOM 8p gone here!!! :0D

You guys need to chill.

Give it a rest Audible, or you’ll just make yourself appear more of a buffoon.
I’ve lost count of the ridiculous reasons you’ve given for the delay, yet now you’re saying there is no delay. You’re a joke!

With this delay in getting the permit, once it does finally drop, I doubt they’ll be time for the s.p to reach 40p, before finance news is released. In fact, it wouldn’t surprise me in the slightest if we didn’t get the ESIA RNS followed by at least a finance MOU soon after. Perhaps even the same day.
In my mind, if the BoD’s haven’t got some sort of unconfirmed finance already in the pipeline by now, then they really are a bunch of incompetent fools.

I think it would be cheaper to pump water from the Nile, Zambezi etc into a series of reservoirs. But that would need a continental unity never seen before. The Zambezi dumps 3,424 m3 of fresh water per second into the Indian Ocean, the Nile discharges 2,633 m3/s and the Congo 41,800 m3/s). Africa has enough fresh water, they just haven’t got the finances and collegiate thinking to sort their differences out.

Desalination plants are too expensive for EML to build and operate.

Nicely ticking along. :)

Nice to have my elevenses, whilst watching us back at the high point, before Sad Larry’s tragic raise. Very very comforting :0)

I wonder what his job will be?

TP…it may shock but me and OOSM have very rarely been on the same page regarding EML esp the fund raises at 5p and less and the delay with this bloody environmental permit. However, lately we have come to an unspecified truce where neither of us seems to want to choke the other ;0).
Deep down, I think OOSM knows ‘something is up’ with the permit but if we all went hell for leather berating EML, we’d be back at tuppence a share.
I feel I’m the beautiful middle ground between you both. :0D

Nah!!!! ;0)

I didn’t know the fake accountant had quit Chariot. The irony that I’m still here after all my moaning and groaning over the years, yet the perennial ramper Precious Maj isn’t, is really quite funny! :0))))

Get a room… Geez!

It does appear that there are barriers to the permit being awarded which have nothing to do with the permit itself. That being said, if it is just about further negotiation, these barriers aren’t then insurmountable. It’s all about waiting to hear about what compromises EML have had to give way on. I think the first to go will be the tax holiday. Just a guess though.

‘Mutually beneficial = selling product to OCP for half current spot price? :0(