Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Oh, and DumbThought. Very apt as you did not spot my error on my previous post. And try not to exacerbate your lack of grey matter by saying ' I didn't read it'. Clown hat for you in corner of room. Mr Jinx. top of the class.
Cleverthought. 'Dead like my libido.' New handle for you, DumbThoughts. You have trump syndrome. Projecting your faults on to others. Have a couple of years off.
Read and learn now for some clever thoughts. IRO Directive to Regional not to hinder entrepreneurial ( that's pushing it beyond Jupiter for EML BOD) investments, posted by The Alpha. To repeat myself again, the problem, is Water. To date, EML have not come up with any entrepreneurial solution for water supply. If EISA approved on basis of 'not to hinder' investment, and local farmers, businesses, residents are impacted by water supply issues because of EML mine, it will create problems for Ministers that will have far reaching consequences.
Fraud and Artji. I mentioned 'special cases'. You have mentioned the special case, Res 8. Didn't see either of you 'up in arms' then. Duh
Oi Fraud, WTF are you doing here again. You have frequently posted that you are leaving this Board and entertaining your ' doff the hat, touch the forelock' brigade on TG. You are a Fraud, not a man of his word either. You crave deference and have a phony qualification to boost your ego.. You revel in it. . Shall I remind you and others who was correct in their 'reading' of the Peel debacle. It wasn't you, it was moi. You were brownnosing PHE and Peel people. CnP their CV's. That is all you are good for Copy and Paste. Off to TG then, See, I do know what I'm talking about about.
The important date is the Record Date (RD). Which is the date at which a SH must be on the Share Register to qualify for divi.
The Record Date is today, 25th Aug, and I believe the time at which the name must appear on the Register is 1700hrs BST. If so, then people selling yesterday or today are not on Register, and no divi. Investors who are divi chasers will put in a sell order for 8am the day following RD. In my experience, MMs drop the price around the divi level, but there have been exceptions. AIMHO
BodRuncie.;
' Have you heard the recent presentation?'
Have you seen the recent sp.? observe any patterns?
Anyone buying shares now, it's a punt. Risk and reward, a million shares for a couple of G's. If EISA approved, and mine moves into production, opens in say, 21/2 years, 2 years later, when mine is profitable, sp a quid. A millionaire for 2 G. What's not to like. Well investing the 2G in a properly run company with no, or little chance of failure. I still fail to see how Ministers can override local officials. If there is an outcry from the local community over water shortages, it will land straight back at Ministers. Vox Populi rules long term, Ministers rule at the behest of Vox Populi, Except in Russia, China, N Korea, Afghanistan, Iran, Saudi Arabia, Gulf States, A few African countries, Myanmar plus the ones I can't remember.
Hogwash again from FraudAnomoly.
Without altering AoA on co. Resolutions, the Company was allowed, legally to offer shares to a third party, without offering shares at same price to existing SH. PHE did it, fact. There are always 'special cases' on pre-exemption rights. Suggest Fraud, with his contacts, ask the BOD and gets enlightened.
The sp follows a familiar tend. Decent RNS, sp rises a few %. No RNS, £2k sale of shares and sp down c4%
To stabilise the sp REAT needs to start paying divis asap. 0.5p ps would cost about £1/2M , with a yield of c 3, or 4%. It will give confidence to buyers that the co. has a divi plan. Divis drive sp.
Exactly Ideas. Of course BOD will improve their wealth considerably if co. is successful, and as you so succinctly point out, they insulate themselves against failure with salary ( if it was performance based, they would all be in an Alms house), bonus ( they have no scruples), max, pension pot payments, and of course, enjoying the largesse of being a PDMR.
Idg69;
' they know it's a hot dry country and water would be needed for the project so why wasn't a water solution high on their priorities.'
Because he BOD are incompetent. I will repeat this again. The prime object of any BOD, especially CEO, is to ensure the financial well being of themselves and family. If the company is not successful, this is done trough salary, bonus and max. pension contributions. If the company is successful, that is a bonus.
I have reporteb EML to LSE who are the regulators for AIM companies.
Ideas.
Thnx for posting that link.
Yes, it is bullish, but there is no mention of 'water resources'.
It cannot happen that a ministerial forum can overrule a local authority if the water requirement problem has not been satisfied. I believe the 'bullishness' is about 'red tape', water is not red tape. I have previously stated that if National ( ministerial) were to grant EISA, and override Local, the water problems that would inevitably follow, would be landed on the Ministers desk for him to sort out. It then becomes Political, rather than just environmental.
My post yesterday Re; the Herd going very quiet has got the hackles on the back of the Alpha BTS raised. His 'informer' in Country has been unable to help him out, so he resorts to basic Herd mentality and invents things. August is holiday time?
They have had holidays, Ramadan and Eid. Govts continue to work, Countries do not close down, decisions are still made. Ask your informer.
New water supplies by 2027 will solve EML water problems. 2 years to construct mine so will be ready when mine opens. Thankfully EML will use no water during mine construction. Duh.
All that EML has to show is that it can dispose of brine through deep injection. Something it has not been able to do to date. Another Road to Damascus event incoming.
Accommodate local farmers with 'brown envelopes'. Bribery is illegal in Muslim countries. Baksheesh, payment to intermediaries in a transaction is not bribery.
Alpha unsure if community is aware of number of jobs mine would create. If BOD have not got the intelligence to 'sell' the mine to locals, avoid it like the plague. Simple.
Salts on surface, I guess Alpha means mined salt. A storehouse is a requirement and must be in mine plans, I say hopefully.
EML will have to go back and resubmit EISA. Another Road to Damascus event. I can see Graham now, shouting in the Boardroom, 'I can see the light'. It's easy to see when you have been in the dark for the past few years.
Herd members will be happier now that EISA approval is probably being awarded in Sept or Oct. No reason to panic guys, yet.
Cr4nky.
' Or at least some kind of update on progress or conditions for the permit to be granted'
Are you on the right board? Emmerson do not do 'updates', 'progress reports' or other information which would be useful for S/H.
One of the highlights for me is that even The Herd are unable to put a positive spin on this. Where's Westie.? Oh, dear, reality bites hard.
The debate now exemplifies the mess this BOD is in. Some are arguing over 'referral, appeal'. This is because the BOD have not made a clear statement, or at least one that is not liable to different interpretations. I'll say it again, it is most unlikely that ant higher authority than Local will override a local decision, for reasons already explained. An award with 'caveats' is meaningless. 'The EISA is awarded on the basis that a water requirements are sourced from non-dam supply and will not impact local water usage' . I believe that is called 'back to square one'.
Is there 'life' following a refusal after referral ? Obviously there is. There is a major source of Salt and Potash with $Bs of value. EML does not have the knowledge or expertise of how to overcome 'the water problem'. Obviously OCP has. You can all put yourselves in the shoes of OCP BOD and ask, 'what would I do'. I think the answer is fairly simple. A 25% premium on todays price is 3p ps. Another fund raise is an impossibility, and bankruptcy sp is 0.0p., and OCP pay a few million for the 'goodwill', which Graham would most likely pocket.
Ideas, 'The business can reapply with a different scheme or pivot and do something else - solar panels don’t use much water.'. I havn't got any positive words for this shambolic BOD, but I'm pretty sure it has examined a 'waterless operation' and it fails on many points.
GW62;
' Desal plants are not net generators of electricity. They are power hungry as are the pipelines to transport the water over what would be a large distance'
You also made a point stating EML would not want to build a Desal plant on top of mining land. On this point the minerals are extracted underground over a large area. There will be many 'top side' facilities and one more will cause no stress. This leads me to the first point. A Desal plant has to operate within the Laws of Thermodynamics. Of course it cannot produce more electricity than it consumes, However, a boiler Desal plant generates steam, from sea water say, and when the condensate is cooled the water is salt free. Before condensation, if the steam is passed through a turbine, it produces electricity. The steam is 'free' since that is the end product one requires, Potable water. The cost is the turbine.
Yes GW, transporting water over large distances is expensive. Why not build the Desal plant at the coast, then transport Potable water by pipeline to the mine, and pipe offshoots can direct this water to other areas. Who pays for all this? There is a good case for The Moroccan Govt to share a large burden if Potable water is directed to other needy areas. Like OCP is doing. Not rocket science is it.
I'm sure, with the financial metrics of the mine, that the Money Market will fund $millions for the mine project , to include water supply.
Woolves, With regard to ;
' a point blank refusal would seriously undermine inward investment into Morocco as it would be seen as not the place to invest by many mining companies.'
I believe 'many mining companies' would look at the, in this case, 'the water problem', and have a clear plan how to overcome this obstacle. Many months ago, I suggested an on site Desal plant with sea water pumped from coast, and since it generates steam, it can generate electricity. I did say that with a 20/30 yr mine life, costs are not critical, and plant would have a value when has exhausted minerals. I did not know at the time of OCP's commitment to a desal plant, but it's common sense when there is no local potable water, and unlikely to be for many years with GW.