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Ok chisler let's deal with your inability to let the whole truth stand in the way of the of a good story, particularly when it is between you and your personal quest to blame GC for what befell Sirius .
A project I might just add, is still showing how un-fundable it would have been by issuing junk bonds, and it will only one day become a valuable asset to Anglo American, because they have very deep pockets able to finance the project to completion. The facts of the matter are, that GC was the the Technical Director, responsible for the Mine side of the project, NOT the Finance!
So I don't know whether be annoyed or flattered, that you are including me in your favourite obsession by trying to assassinate my character in this way ;o)
@ chisler 25/01/22 08:44
'onlyoneshare(dispicable)me. one of youre posts: 13 oct 2021 17:02, lse.
quote, "its o.k. if a few elderly shareholders have to eat baked beans for tea for the rest of their lives" thats a dispicable baseless attack on innocent old age pensioners whom lost life savings in the sirrius downfall of which clarke (youre hero ) was aparty too. Not a nice person are you.
No one here are making baseless attacks on the BoD ,they are asking pertinant questions of the BoD, all they have to do is the job they were appointed to do, simple'.
When the full response to previous Sirius references, by someone else in your cohort (Mr Jinx), was:
'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'.
Which hopefully shows my true view, which was that the Government did not care, rather then me, and additionally that if Emmerson is not a success, then I will probably be eating baked beans myself - which should explain why I cannot understand supposedly genuine shareholders, continually trying to undermine the BoDs who are basically working for us. Surely having confidence in the Management team is a prerequisite for investing, whilst trying to undermine confidence in them devalues your own investment?
Someone help me out here, as I cannot decide if I am a 'Melt or a Melon' on this issue?
None of this in any way includes you of course Hillview1, as I do get your point about transparency.
Sorry chisler,
I didn't realise that I was up against the clock, and as some of us have a day job, you know how things are, still nice to see that you have grasped how to be ironic, even though self awareness still seems to be eluding you ;o).
Anyway, hopefully, the parcel has arrived, I'm guessing that that bright yellow is your colour - I took the decision to go with the single eye for you as I felt it was very much in keeping with your single minded, myopic view of GC, oh, and obviously the costume will stretch to fit ;o).
I will of course, address your deliberate misquoting from my earlier post in just a moment, but I must pause for just a moment to try and help Barravelli out...
Barravelli @11:13,
Very perceptive, but you seem to overlook a couple of things:
1. The Detailed design phase is part of the construction phase, so yes it has in fact started.
2. The final mine to production stage, has been maintained on track, by ignoring the ESIA permit approval, as part of the critical path, and beginning the steps necessary to achieve this has actually kept the overall project timeline intact, so far.
You obviously hadn't noticed this before, so hopefully now, you are 'Happy to be wrong'?
So what do we have here, all the Graham Clarke haters gathering for a quick house party? it hardly seems 5 minutes since the last time that Kimhappy, Barravelli and MrJinx were kicking that particular can around, so I'm sure that chisler must be lurking somewhere? Oh no I remember now, chisler had slipped out of Audible's 'trap-door', after his latest conspiracy theory failed to gain any traction with the 'Adults' in the room. In fact the only thing I find surprising about this raving cabal is Hillview1's increasingly strident postings, and indeed threats to sell half of his not inconsiderable shareholding - which I find somewhat puzzling, as presumably selling whilst the price is dropping will likely speed up the fall in price, in turn accelerating any potential loss. For someone who insists in hearing only facts Hillview1, you seem content to ignore some which are fairly self evident.
Personally, I must confess that I don't quite understand the current fixation on the SP, by supposed LTHs, I mean we all know that the SP will only rise on the announcement of some major de-risking event, of which most are expected this year - with some highly likely to be completed in Q1. All of which has already been briefed by GC and HL, but fortunately they have learned the bitter lesson of being too optimistic with timelines, over which they have no direct control.
Since the strategic investors came on board, as far as I am aware, Emmerson do not have any short term funding issues that would require raising extra working capital, so unless you actually need to sell shares now, the day to day SP is only an issue if it's direction of travel is genuinely indicative of a serious issue. IMO this has clearly not happened, but if selling 1M shares in a single week works for you Hillview1, then go for it, as I am sure that there are other investors who would be happy to pick up more Emmerson shares on the cheap. Perhaps if the price is right some of the more vociferous of your co-posters might be interested in an additional holding , as would I, if the real price paid were not these recurring and baseless attacks on the Emmerson BoD.
Actually chisler, it's what you have failed to prove, that provides all of the evidence for everybody. ;o)
chisler, as ever you such a charming character, you do make me smile, I mean, 'leave this to the Grown Ups....',? Hopefully you will forgive me, as lets face it you have never shown any financial expertise before, apart of course from landing on Emmerson as a good bet for your cash - which I am assuming is true, despite all previous indications to the contrary.
We already know beyond a shadow of doubt that diplomacy is not your strong suit, so being the adult in the room, please do share your undoubted financial acumen, and answer Puzzler2's question, 'why do you see the GSM and GQC deal as a trap'?
Or are we to assume that you have reverted to the chisler of old, and are merely making provocative but inevitably baseless, and therefore totally pointless comments?
Only you chisler, can help us decide which now, by sharing you evidence - so over to you. ;0)
Interesting point of view chisler, but then again I'm not a financial expert...
Still if it concerns you that much at least you have option of selling up now and moving to something better.
bluepalace and testpack3
I personally agree with both your positions on the engineering work, becausewhilst construction activities cannot begin without ESIA approval, the engineering contracts relate to the detailed design work necessary before any building work commences, which are substantial bodies of work in themselves.
Clearly the Emmerson BoD and indeed the Strategic investors have full confidence that granting the ESIA approval will take place in this period (Q1 2022), so to stick to completion timelines, are not wasting any time by preparing to literally hit the ground running ,once permission is granted and actual construction work can begin.
Excellent presentation, which fleshed out the 7/12/21 RNS - its funny how a presentation can add so much information with a few illustrations to the dry as dust RNS. ;o)
It will certainly be great to get the final piece of the jigsaw.
And inflation hasn't even started to bite yet.
I think John1977 might a bit busy today, as between rants I hear he is receiving an award for his services to the toilet paper industry. ;o)
So John1977, what was it you were so keen to share with your adoring public @09:40 yesterday???
'Wait for the RNS and then see if all Caracal has tweeted etc so far is (hopefully) true or if AG1989 and Caracal are full of s**t',
Well then John1977, less than 12 hours later, it looks like Caracal have been preparing their latest presentation just for you
; o)
So are going to set your hot air generator to maximum and fill your vitriol tanks to capacity, so you can run through your sad and tired repertoire once more just for old times sake?
How does it feel now the party is over and Caracal have published in glorious Technicolor, illustrating what was reported in the 7th of December 2021 RNS plus all of the additional information that AG1989 has been ferreting out of nooks and crannies to help inform those genuine investors that frequent this BB?
So are you going to tell us that the Mining Permits don't exist, or that the JORC resource measurements are fake, or perhaps the previous drilling results are just holes in the ground?
Maybe now we should just finally conclude that rather than AG1989, or Caracal gold, there is only one member of this BB that is definitely full of s**t?
If you are still unsure who I mean, DYOR, just look in the mirror. ;o)
Thanks Suggins, what is happening a Kilimapesa makes a lot more sense now, but I'm still curious as to whether the new mining legislation supersedes the old rules on pre-existing mines?
Even when you take the production costs off it is still an excellent revenue stream - before you start to consider the planned production increases kicking in throughout 2022.
And who knows whether GCAT will be catching up with Shanta Gold, by the end of 2022?
Yes CLINT1971 it is an interesting and illumination read , bringing many things reported together into the broad plan, OCP are going to need a lot of Potash.
Best of all the conclusion states clearly what we believe, and what underpins our investment, 'The matter is urgent both for Morocco and the international community. The kingdom requires additional multibillion-dollar infrastructure investments to achieve a sustainable, carbon-neutral fertilizer industry. Such investments provide the United States and Europe an opportunity to raise the level of their strategic engagement with Morocco'.
Clearly to drive it's progress, Morocco is going to shed loads of foreign investment.
I feel your pain Mr Jinx, I really do, and bad as it is suffering for yourself, if there is a family and friends element, then I'm surprised that you haven't gone into hiding.
And yes you are completely correct about the King, he has the vision, sets the broad brush policy and then picks the senior people who will decide, but only at National level, not down to the regions. So yes we are seeing his vision enacted.
On the subject of Chariot though, slightly different rules apply, as far as I am aware there isn't a regional aspect to offshore mining projects (unless they start onshore of course), plus Gas supplies in Morocco are currently a matter of National emergency since Algeria turned off the supply through Morocco, as I'm sure you are aware, hence it is being fast tracked at a National level - at least it is excellent news for one of your holdings.
I do have a small confession though, as it appears I was wrong in thinking that the new regional assembly was avoiding taking decisions on high profile projects, as there has been one announced for our region, which no doubt was of higher profile,
'The new management of the council of the Rabat-Salé-Kenitra region clearly shows its ambition for the promotion of investment and the support of companies'. Reported on the 13/01/22 but a little hard to find:
https://www.leconomiste.com/article/1086010-rabat-des-projets-pour-doper-l-investissement
Sorry I'm not a subscriber so you cannot read the story, but you can see that as investments go it trumps Khemisset, by providing investment for 6 new techno parks across the region. So like you I'm not guessing news tomorrow, but hopefully now we know the regional assembly is up and running, and with no heel dragging. Now I would have thought ours cannot be much further down the line, but personally I'm still happy with Shore Capital's estimate of Q1 2022, obviously though I would be much happier with tomorrow - with or without unicorns. ;o)
Forgive for asking a personal question RPdard about you recent excursion to Kazakhstan , particularly as we have only just met... but does the RP stand for 'Russian Paratrooper' by any chance ;o)
Come on now Mr Jinx, you could at least try cooking your Rabbit before swallowing it whole, at least if you want to avoid those strange sensations from your rear end ;o)
And surely EML hasn't fallen off your Christmas recommendation list so soon?
AG1989, I really cannot believe you sank 16 pints at the weekend and can still be this enthusiastic on a Monday?