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Mount Teide is very knowledgeable on most O&G matters as well as the shipping industry.
He does post on LSE but his main home is adv*fn where he has his own thread - epic MTB.

Fair point and I could have worded it better.
As you say they would have to advise if there was bad news on any of the fronts and the other side of the coin is that it appears that there isn't.

A bit of research will show that this was covered in a previous rns:
"Morocco

The Company has worked hard during 2021 to build the foundations of a long-term partnership with Morocco, one of the region's most dynamic economies and a welcoming environment for foreign direct investment. The Kingdom's expertise in fertiliser production and emerging position as an African leader in agriculture, water management and renewables make it an ideal partner for Emmerson. The Project is anticipated to bring substantial social and economic benefits to the region of Khemisset, as identified in the socio-economic study and based on both the significant investment over the life of the mine and the creation of over 2,000 direct and indirect jobs."
and then there was this:
"I noted in the Mining Permit Approval rns that the project will increase national tax revenues by 1% and locally will increase the GDP by 40%.
https://www.investegate.co.uk/emmerson-plc--eml-/rns/mining-licence-approved-for-the-khemisset-project/202102090700053849O/
Todays rns is what it is. Steady progress is being made on all fronts and if it wasn't they would have to tell us.

It might have something to do with this:
" We retain a 10% discount rate (feasibility uses 8%) but nudge
our flat LT MOP price to US$450/t from $360/t previously. This sits slightly above the
$412/t MOP price assumption in the feasibility but reflects strong market fundamentals
and is still less than 50% of the current Brazil CIF spot price of US$1,000/t"
Given the current macroeconomic situation, I don't mind them being ultra conservative because value will out in the end.

A few years old but I doubt customs have changed much either way.
https://www.moroccoworldnews.com/2019/05/274503/productivity-during-ramadan

I noted in the Mining Permit Approval rns that the project will increase national tax revenues by 1% and locally will increase the GDP by 40%.
https://www.investegate.co.uk/emmerson-plc--eml-/rns/mining-licence-approved-for-the-khemisset-project/202102090700053849O/

If the "undervalued" share price is the direct result of no EIAS, what do you advise folk to do.
Buy in before the rns announcing the news or after it is released ?
And extending that a little further, I suppose you would advise folk to sell out if they believe the EIS will not be granted ?

Thanks for posting the interview Ferrisc, within which the real nuts and bolts stuff starts at 11 mins 18 secs.
In that segment GC covers the fact that Emmerson are in 1st mover position for new global Potash projects.
He considers the share price vastly undervalued for where they are in the development timeline. 2020 feasibility study assumed a long term Potash price of $400 a ton, which gave a NAV of $1.4 billion. Using todays Potash prices then the value of the business at production is just under $4 billion. I quote:
"We're hugely confident we will get funding in place and address all of the engineering challenges and get the operation into production within a couple of years."
Intention of bringing the project to fruition as an independent, with capex of around $400 million, which they believe they can raise.
He stressed the importance of working with Moroccan stakeholders and it's very important that the economic benefits have to be felt in country. They are working with the authorities, government departments and partners in Morocco. They intend to use Moroccan companies to develop the project.
Confident that they can deliver the project very successfully.

I'd imagine Global Sustainable Minerals Pte Ltd are in that camp too :)

Just under half of those options vest in 12 month cycles over 36 months and the rest over 24 months.
Simon Francis of Orior Capital anticipates fair value of £1.10p a share if all goes according to plan over 3 years and 46p by the end of this year.
If Jim Wynn plays his part in getting the Company to those sort of figures, I can live with the options :)

Exactly and as folk should know, the Company is bound by the rules to release to market any price sensitive information.
Day to day dialogue with the Moroccan authorities to progress the ESIA would not ordinarily fall within this definition. There will be questions asked of Emmerson and Emmerson will provide the answers, but they are not obliged to and indeed should not be expected to give a running commentary to pi's.

I've just taken a position in Emmerson and my 2p's worth is that I wouldn't read to much into an e mail response in isolation. Indeed the only news that really counts is that issued via rns.
In that vein, as part of my research, it was good to see the recent appointment of a FCO, hardly a vote of no confidence in the project.
Likewise, I found the rns of 27th January and the involvement of Reminex, part of the Managem group, as a huge plus, best summed up by this statement from the rns:
""2022 will be a transformative year for the Company as we execute the final workstreams towards construction. We are expecting to make progress concurrently on drilling activities, Basic Engineering, discussions with other potential equity and lending banks, preparations for EPCM execution and finalisation of permitting activities. The Emmerson team look forward to working closely with Reminex to build long-term benefits for the kingdom of Morocco."

This N.African potash play has recently appeared on my radar and some folk might like to do a little research on it.
The 7 minute Proactive analyst interview gives the nuts and bolts - pros and cons - and should form the basis for deeper investigation.
https://www.youtube.com/watch?v=BUMkmPmr0M4

https://www.investegate.co.uk/global-petroleum-ltd--gbp-/rns/namibia-update---significance-of-graff-1-well/202202071221169124A/

$90 Brent - of course :)

Zengas
Presumably using that same TLW/KOS discount when applied to SAVE gives the following :-
$70 Brent 76p a share
$80 Brent 87p a share
And although FinnCap didn't give a risked NAV for Brent at £90 we could be looking at circa £1 on the same basis ?

11. Additional information xvi

This change in ownership is due to a passive change due to issued share capital changing to 1,248,031,868 shares.

It's because there was a late buy at 5.6p for 2,830,000.

My view is that it was a worked sell and that is indeed why the price kicked on once it had cleared.
The trade was marked at 11.161p and the spread at the time was 11.5 - 11.6, so almost certainly a sell.
If so it's good news, as was the UT at close of 323,533 at 12p.

TL
Zengas had this in his notes from the call in :
"11:00 Niger 5k production from existing discoveries then progress to 25k within the 1st 5 yrs and 50k after."
Given the already discussed geo risk of S.Sudan and the debt that would be required to finance it, I'd much prefer a smaller bite of a cake elsewhere, together with the organic growth from Niger and elsewhere within the portfolio of course.