Interesting viewpoint, as I have had others saying that Zak Mir has interviewed many failing CEOs, but from what you are posting you seem to suggest that it has taken you 15 years to work this out . ;0)
Regardless of this the point I originally tried to make was: That for Emmerson, the publicity could attract investors to do their own research and make up their own minds - like I am sure you did before deciding to invest in Emmerson?
I must admit, I couldn't see the connection to your issues with GC, but you said, 'EML is far removed from the situation Sirius found itself in, investing in potash projects took a hiding and unfortunately GC was possibly tarnished along with the project' - so as you conflated the two disparate issues and although I couldn't see how the connection could impact his ability to deliver for Emmerson, I decided to humour you ;0)
Frankly the point you have reached, if GC sneezed in his own bathroom, you are likely to accuse him of starting a new wave of something ;0) To be honest Mr Jinx, if you don't have an actual agenda to undermine GC, then I seriously believe that you have some sort of problem, which is sad, because most of the time your posts are intelligent, witty and inciteful, rather than ....... and ........ with GC - I will let you fill in the blanks.
InstantExpert, sorry I had to leave you until last as well frankly I haven't got the foggiest idea of what point you are trying to make? Hopefully the people that actually matter to will be nodding their heads at the point well made, but alas it's completely lost on me. Not that I'm suggesting it's unimportant as it must be to you, to make your first post here in over 30 days, so I will keep an eye out for the, Zak Mir' effect kicking in - Thanks.
Oh Hi Barravelli, back again so soon, was it something important that I missed in your earlier insightful posting? Anyway sorry to disappoint you but If you are actually wondering why I'm resorting to insults, that's because I haven't, as I really don't have the spare time as yet, because instead I'm trying to help console an old friend, Mr Jinx, and frankly it's turning into a bit of a full time job at the moment.
Sorry if you feel left out but I was only trying to reassure you by pointing out the 'FREE PUBLICITY', aspect, as I know you are not a big fan of twitter. Still whilst you are in such a buoyant mood because of being such a proud owner of Emmerson shares, why don't you pop over to the other recent thread and try and cheer up idg69, as he's feeling that we are failing to adequately entertain him at present - hopefully you might just be able to cheer him up.
I do enjoy our chats Mr Jinx, but each time you avoid answering the simple question I ask, 'is GC and Hayden's appearance on Zak's podcast a positive thing' - possibly leading to increased shareholder interest and/or increase in SP? I feel a little sadder on your behalf, as you expose the true depth of your irrational loathing of GC. That you are forever irreconcilable with him at the helm of Emmerson becomes ever clearer each iteration, as does the fact that your loathing started way back with the Sirius situation rather than the minor infractions you are now adding to your list.
Quite why you hold GC responsible for the shareholder carnage that took place at Sirius is beyond me, as the reports I've read stated that the Bond market was unreceptive to the necessary placing for finance, so when the UK Government declined to step in and help, it was a forgone conclusion that a predatory buyer would snap up a gem of a potash mine. Obviously the Government didn't care, as the mine couldn't be taken elsewhere, and if a few elderly shareholders had to eat Baked Beans for tea for the rest of their life, well that's the risk you take - not I hasten add a view I am in any way comfortable with as that risk might come home to roost if Emmerson were to fold.
But I am confident that GC is the right person at the the helm, because other shareholders like yourself, who are considerable better informed than I am on these matters, have already predicted the sunnier uplands ahead, I believe you already mentioned, 'that you were hoping for 12-15p in the short-term (6 months). Based on doubling our share issue through equity raises for capex you’ve previously stated 25-30p at first production', after the last RNS?
I know Mr Jinx, that you seem to have had a history of falling out of love with the BoD's of companies that you invest in, but perhaps there is still time for GC to redeem himself in your eyes and turn your luck around - Obviously I sincerely hope so, as I'm not that fond of Baked Beans, but most importantly I would like for you to find some peace and closure, otherwise I fear that success with Emmerson under GC will leave you in a perpetual turmoil of guilt ridden angst.
I must say that I couldn't agree more - it's often the problem with free BBs, that you get what you pay for.
Thank Heaven for filtering eh?
Instant Expert and Barravelli both posting within 5 minutes of each other, surely must be a sign of that something is stirring up the bottom of the pond, though I'm not sure that I follow what points either of you are trying to get across?
What relevance does, 'Never a good sign, resorting to Zak Mir publicity interviews. They have often been the precursor to a downward trend in a company's SP and should be treated with extreme scepticism', actually mean? is this supposed to indicate the end of the road for EML, because of the curse of Zak Mir's podcast? ;o)
Or is it just the way that GC and Hayden tell it that is going to put any new shareholders off?
It's funny really how a straightforward attempt to increase EML's profile with uncommitted potential shareholders can bring out such strange reactions, from certain existing shareholders.
Does the concept of free publicity mean nothing to either of you?
Mr Jinx what a pleasant surprise, you snuck back just to answer my question, except just like the tease you are, you didn't actually answer anything - you just asked a question of your own instead. Still let's play your little game for another turn... You ask, 'Why would being ‘invited’ to speak on Zak Mir’s podcast be any validation of future benefits to investors'? - As you know it couldn't, so wouldn't be, but as you also know I didn't suggest anything of the sort - just that the podcast would offer broader exposure of EML to some PI's who might then be interested in finding out more..... and who knows where that might lead.
But if we are being blunt, why would you even feel it is relevant to mention that, 'AIM is littered with failing companies that have had CEO’s interviewed by Zak Mir?' when I would have thought that was a given, unless Zak has some magical ability to only pick winners.
As such the only question relevant to this particular BB would be, 'is GC and Hayden's appearance on Zak's podcast a positive thing' - possibly leading to increased shareholder interest and/or increase in SP? - What do you think Mr Jinx?
Ok Mr Jinx, I get it, you would sooner throw up a smoke screen than address a direct question about your motivations and specifically if you believe that it is a good thing that GC and Hayden are once again being invited to speak out on the progress that has been made by Emmerson?
I will let others wonder why you find it so hard to respond.
Mr Jinx 2.0, nice to see you back, however briefly? Nicely put, and no one could disagree with the sentiment expressed here. In fact I wonder what you would attribute today's welcome bounce on the SP to? Hopefully whatever else you think, you now find yourself heartened and less anxious that a number of investors do not share your jaded view of GC and his ‘read between the lines’ sound bites, he keeps throwing out? As perhaps instead some investors were reassured by GC and Hayden's appearance on Zak Mir's podcast, and did their own research rather than relying upon the conclusions of others?
Of course at a time like this, we shouldn't overlook chisler who has apparently shut down his 'shinola shoe polish' stall for good and has taken the first step on the long road to recovery by facing up to his personal demons. From my side chisler I wish you complete success, now that you have freely admitted the problem, full recovery is truly within your grasp. ;0)
Sorry if you believe that I'm missing your point Mr Jinx, but shutting down debate, never. Personally I could continue on with discussing this point ad infinitum - as it is fundamental, but not complicated, so it should be quite easy to grasp and decide your own position.
Do you? Or any other Emmerson shareholder, consider it is a good thing for the SP, if our CEO and Hayden chat about the current status of the Khemisset project with people or organisations, like Zak Mir, who have a broad following of PI's looking for information on companies worth investing in?
If you think this a bad thing for our SP, then I would fully support your jumping in on Westie50's comment - 'Surely this podcast must have settled any nerves anyone had. All is positive so maybe the doom mongers will take a back seat again?'
Otherwise can you explain how you responding with - 'Doom mongers??? Good grief, how much more childish can a supposed adult be?', is supposed to be a positive statement designed to encourage intelligent debate?
You decide, Mr Jinx, so far I'm having a a difficult time understanding your recent assertion - 'I’ve had to rein in my expectations due to the reliability of GC and his comments but I’m still comfortable about making money'.
When after the RNS on the 30th September you made no mention of this when you said -'Assuming everything goes smoothly from now, I’m hoping for 12-15p in the short-term (6 months). Based on doubling our share issue through equity raises for capex I’ve previously stated 25-30p at first production. However, if the increase in MoP prices is sustainable, I wouldn’t be surprised at 45-60p longer term'.
I'm sure that you can reconcile the apparent shift in your position exhibited, as you know your own mind? Maybe negativity is the wrong description here, and obviously I bow to you greater knowledge on this matter, but should the term perhaps be 'bipolar' instead?
Well Mr Jinx, in the words of the Bard, 'Methinks the lady doth protest too much'. I mean, you have positivity? Really, then what is the problem with feeling pleased that GC and Hayden are being asked to chat about their specialist subject, by what is hopefully the first of many pundits. No stone tablets, I agree, but the conversation about the Khemisset project is surfacing again because there is an air of expectancy outside the existing group of share holders, that the various purveyors of the latest news want to bring to the attention of their readers/viewers/listeners.
Bring it on I say, as something has got to change the dynamic and bring in more PIs - which hopefully anyone professing to be in this to make some money, should surely be pleased to see, even if the content we are hearing provides us existing share holders with very little new information?
Sorry Chisler/MrJinx,
I had thought that you both already knew that Makes is no longer with us, except in spirit, otherwise I would have broken the news in a gentler fashion. I should have realised that you would keenly feel the loss of someone whom you have both found so easy to wind up, is no longer here - still as they say, plenty more fish...
As it is, I did hear that he has now moved on to be closer to the source, to a kind of higher or second level, not reachable by us lessor mortals ;0)
Mr Jinx, How the devil are you? I don't know, I turn my back for a few moments and there are taking your frustration over Makes untimely departure, out on other unsuspecting share holders. I mean, why on earth would you think that you would be described as a Doom Monger, particularly as there appears to be so many likely candidates to choose from as well as you? It certain doesn't ring true with me, at least no more than 'anxious investor' ;0)
Still whilst you whilst you are being so upbeat and totally ignoring the current situation, which I believe your personal favourite Director, Hayden summed up as, ' several enormous catalysts will happen in the next 3 - 6 months', which I only bring up as perhaps you might have missed it? Just as well he hadn't actually deserted Emmerson, as you were so positive of recently eh? ;0)
In the meantime to avoid further anxiety, perhaps you should contemplate how you will deal with all that negativity inside of you, when GC actually delivers on the much anticipated milestones?
Hopefully Kimhappy, you won't die from shock when I say that I completely agree with your broad summing up of the current situation. :0)
In fact I'm beginning to wonder if there are two versions of the Zak Mir podcast going round? I know the one that I listened to, GC sounded just about the same as he has on every other presentation he has given for Emmerson - there may have been a slight note of relief that he could finally say the things he did, but worried? really? As for Hayden he definitely sounded subdued, which was hardly surprising, as he knows everything about the current Financing situation, but cannot actually say much about anything.
On the subject of the SP, I did note that Zak was positively bullish, coming in with a clear suggestion of 10 to 15 pence as being more realistic than current levels. Of course we would all welcome a sustained rise in SP, but frankly we all realise that will not happen until the ESIA has been finally accepted.
At least GC acknowledged the covid effect on the ESIA approval process for those individuals who haven't recognised it by themselves.
Hopefully now Hayden has confirmed the cash position, Barravelli will be happily proven wrong, and investors will get on board and thus cause the SP to rise, rather than the other way around - although some investors undoubted will just leap onto a rising share, as FOMO kicks in, rather than assessing the fundamentals, buying low and holding.
I don't personally see how GC or Hayden can act to promote the SP at this time, but I would expect a number of appearances individually or jointly, post the upcoming milestones, which will serve to get the message out and the SP up - as Hayden put it, several enormous catalysts will happen in the next 3 -6 months, which will be game changing for Emmerson. So quite why anyone should float the idea, that there is some kind of playbook or timescale for finance to be agreed is spurious, as, first it could not be finalised before ESIA approval and secondly the last 12 months have seen a huge rise in Brazilian Potash prices paid, which has only served to improve the basis for project finance.
I hate to say it Mr Jinx, but if your predictions become a reality, you might live to regret stating them, as I'm likely to become your new best friend ;0)
Personally I can only hope that Mr Jinx 2.0 is here to stay........
Nice going Chisler, you did actually manage one whole post without a single word of criticism of GC - who knows you might be mellowing. But seriously though, I do agree that it is possible that Graham missed something that led to a delay, but of course to actually know that, you would have had to have been at the discussions and read all the submissions from Emmerson, which on balance, does seem to be even less likely than what you suggested. Hopefully though, at least now we can agree that all's well that ends well?
As I said Chisler, I'm overjoyed to be proved wrong at this stage, but even more so to see you unreservedly pleased with something that Graham Clarke has reported.
@ Kimhappy, I'm fine and I'm guessing that you are too, based upon your sizeable holdings. I can only congratulate you on your sound financial sense - hopefully one day soon we will all be flavour of the month with our bank managers? So please believe me when I say that I would never patronise you, quite the opposite, as I am a big fan of your work.
Hi StuAFCB, I just wanted to say that you have summed up how I feel about this RNS, particularly that it does drain away the anxiety around the ESIA work and reinforce that not only are all the other work streams progressing, but that a Project Engineer will be joining the team soon - I can hardly wait for the day in the life of tweet ;0)
Mr Jinx, welcome back. How we have missed our favourite EML attack dog, because lets face it no-one else, not even Chisler or KimHappy have your ability to find a negative in any positive. I'm sure that the guy's over on the CHAR BB are overjoyed that you've come to visit us again. ;0)
On the subject of re-writing history though, I take it that the section in the June 24th RNS
'the Company has been following up with the relevant Government entities to prepare for the evaluation meeting. Complementary technical work was carried out and shared with some of these entities. This comprised of the following:
· Water agency:
o Improvement of the water intake scheme by changing the intake installation to the newly commissioned Ouljet Es-Soltane dam instead of the Oued Beht river. The Ouljet Es-Soltane dam is upstream of the Project site by some 20km and presents a more reliable and sustainable water supply option.
o The Company completed a scoping level study and a specific baseline study covering the intake installation and the pipeline design prior to integrating this infrastructure into the ESIA package.
o Additional engineering detail on the Tailings Storage Facility ("TSF") including scenario analysis for risk management and mitigation was completed by Golder Associates to the standard required by the Government agencies. This study presents design fundamentals which are based on the most stringent international standards that are applicable to such installations and shows accordingly the very low risk associated with its design contemplated and assesses possible mitigation strategies that could be implemented.'
Forgive me if I am wrong, but it doesn't seem to say that the Water Agency had reviewed and accepted these proposals as a completely acceptable solution at this stage - perhaps indicating that any response might turn into a discussion? Which finally resolved itself over a period of time,
'The water authority discussions necessitated the production of an additional study, adding time to the permitting process that was not envisaged earlier in the year. We are pleased to say that all parties are currently satisfied with the thorough supplementary work'.
Hardly the stuff of deep conspiracy theories are made of, but rather part of normal business processes to refine a proposal. I can only assume that you have never had a role where you were involved in complex discussions. needing to meet the requirements of another party? This kind of process often requires you to change your proposals based upon feedback, perhaps going round that loop many times?
I have to agree with GW62's view though, that (Emmerson), 'looks like they have learnt their lesson there in not raising expectations too much??' - Perhaps they are getting Rupert to rewrite or check the RNS comms now, to ensure that they always manage SH expectations?