RE: 50/5022 Jun 2023 15:32
One of my major criticisms of this bod over the years has been the apparent accepting of the much used statement on here, 'it's all in the hands of the Moroccan govt.' , suggesting there's nothing it ( the BOD) can do. I'm pretty sure it employed an Arab speaking 'advisor' to deal directly with the Authorities. I'm sure most of us, with the obvious exceptions, had we applied for a mortgage, or some other 'life' necessity, and received no information from the lender for a year or so, would be camping on its doorstep for answers. It's not a brill example cos there's many mortgage providers, and only one entity to issue ESIA, but the sentiment remains the same. What the eff is the 'adviser' doing. I suspect BOD has been told that until reservoirs are full, no ESIA. In other words, 'come back on a rainy day.' This should have been released, under AIM rules, EML will not be the first company to withhold information since the penalties are not enforced. The BOD, in the meantime, enjoy all the benefits of salary, pension pot payments, company largesse. OCP probably know it's only a matter of time, and not too much time at that, that further fundraises will fail, and bankruptcy follows., when not enough cash is there to pay BOD salaries. If anyone at EML HQ reads this, prove me wrong. I would love to be wrong, and ESIA arrives tomorrow.