Member Info for testpack3

No one has mentioned the Company also appointed a debt consultant a month or so ago. This looks like overkill on debt. Any problems?

No, Gullible , you are wrong, again, only one account here. BTW. Please join here as a member, and send me your sale statement of SOU shares at 90p. lol. I'll donate £500 to a charity if you do. But I know my money's safe.

Most of the posters by the Herd, begin with,- I think, perhaps, could be,, hopefully, my understanding, speculation etc, etc.

These comments are made because no one knows. Of course the BOD are not going to issue a RNS on every little decision it makes , but financing the project is crucial. Suggestion for RNS;

The FS of June last year, after due consideration, would place a burden on the finances of the Company, and share holder value, in the event of unforeseen circumstances. The indication of finance from a Eu consortium is still in place ( or not), but the BOD believes that a Phased Development of the mine is a better course, and will benefit shareholders. The plan is that minerals will be extracted in the time scales as previously announced ( see rns of ?), but less plant and machinery will be initially used, thus reducing Capex quite considerably. The reduced output will still show bottom line profitability, and fullscale production will be ramped up to FS levels, and beyond, with plant and machinery purchased from receivables. blah, blah, blah,'

No more guessing, just facts, Will it happen, nah. Smoke and mirrors from the BOD.

I'm getting my tin hat ready. lol.

BTW Westie. If you don't read my posts, how did you remove the one from yesterday, about your use of, should of, could of, would of.?

You are correct Stumbler. The DMG plant is constructed off site, transported, and modules secured to concrete plinths. I've said before, not 'rocket science'. Possible working in 12 months time. !! If securing finance, construction, etc, is all in the hands of Peel, then this must be one of the worst management decisions by a UK BOD in decades. It's UK future lies with the actions, or not, of another entity.
DRA raised this;
', but I am seeing this one from a Phycological point of view and a little dirty linen being aired to Peel.'
Actions speak louder than words, and notwithstasnding the above, PHE ought to be banging on the door of Peel and saying these timescales are unacceptable. If the BOD are playing 'mind games' with Peel, it should resign en masse.

The psychology I know is that share dealing initiates a 'Herd Mentality' amongst many investors, and they like to see posts which justify their investment decisions. Any one who criticises the Co. is dismissed as a trouble maker, non- shareholder, etc. This is a bad RNS because it states the truth. The BOD are in the main, incompetent, and only here to financially secure their families future. Very disappointed.

Your post, with 19 'tick ups'

Sorry to hear you missed your buy in point Testpack.

Thanks very much for your thinking , and that of the 19 others, that Market Makers seek the gravitas of my posts and will drop the sp for me to 'get in', I'm somewhat flattered. I'm quiet happy with my buying price ( I buy in tranches rather than in one fell swoop), and am in healthy profit at the moment. Rest assured , that you and the 19 others will be the first to know when I have something really positive to say which hopefully the MMs will see fit to raise the sp substantially. On the downside for you and the 19 others, this will almost certainly coincide with a RNS release by the Company detailing conversion of 'pipeline orders' to contracted ones with definitive timescales. But, thanks for the confidence you have shown in me. Good luck , not only to you and the 19 others, but to all investors. Again, Thanks.

A guy walks into a bar and yells ' I've got a fully loaded 7 shooter, with one more in the chamber, and I want to know who been sleeping with my wife?. A voice is heard from the back ' your'e gonna' need more ammo'

An excellent RNS. However, there is always the caveat that the RNS states 'non-contracted' pipelines. This is still jam tomorrow, and would rather increase my holding when the price is nearer 10p after receiving news of multiple contracts. With a MC 0f £164m a lot is already included. Still, a good ramping RNS. Good luck to all.

I bought into UKW last Friday. Good timing with todays PDMR share purchases.
I hope the future portfolio of UKW will include Vortex Bladeless. This is a private Spanish company who have developed a vibrating Wind Turbine, thus mitigating some of the 'environmental ' issues with BWT's. I have not seen info on the noise element of these. My only experience of a large vibrating structure was at Killingholme many years ago. The facility was a landing station for North Sea gas, which was 'cleaned' and compressed and entered the UK's gas distribution system, If one or more compressors failed, the gas was vented via a flare stack. I was within a 100mtrs of one, when the 30-35mtr high stack, visibly started to vibrate, and a second or so later, the gas was flared. The stack was vibrating, and the noise was deafening. Not sure if noise was the from the vibration effect, of the volume of gas being flared. Just for information. Good luck to all investors.

Kimhappy
'like I told you I'm not your testpack3.'
No idea what you mean, - not my test pack? Never insinuated that you were. You have posted your apology, well done. Good luck and goodbye.

Just to add to Oracles comment that we are not a 'sexy' share. This is true, but not because the energy sector is unglamorous, but because GLO is highly unlikely to 10, 20 50 bag over the next few years. Most of the people on these boards look for 'get rich quick' penny shares. I hold a few, unashamedly.

The oil price rise is a conundrum considering the Biden Admin has it's green credentials, and publicly states there will be drive in the Good Ol US of A to reduce dependence on fossil fuels. I posted some time ago on , several years ( I have been a H2 supported for a long time, especially fuel cells), that with the advent of both BEV, FCEV, and more importantly FC use in LCV, HGV, Trains, Public Transport, Ships, and other free standing energy solutions, that there is likely to be a 40-50% reduction in oil consumption by 2030. It may be sooner. I believe the oli market is manipulated by producers, and more importantly, traders. The bubble will burst. There is a considerable lobby in the above 'good ol' '' of Republican Lawmakers, well paid by the 7 sisters. to keep fossil fuels very much on the agenda. It may take Biden 2 terms, and the scrapping of the Filibuster to fully achieve their goals. I'm politically slightly right of centre, but could no more vote for Trump, or any other republican hypocrite, than sing Yankee Doodle Dandy whilst standing on my head, juggling 2 Pilates spheres. Back to GLO. I have asked Alice at GLO if we can have the choice to receive the divi in $US, and her reply was it would be under consideration. Thecompany must also have taken a hit with it's Brasil ops. The Real has been devalued v $US by 40% in recent months. If I were a currency guru, I would not be trading shares. In light of the fact I have no idea where exch, rates of $US and £ sterling is going, I have reduced my exposure in GLO and will look to UKW, revenue in £ sterling, for a v decent divi with high sp appreciation prospects. I very much hope that in the near future, UKW will be using Vortex Bladeless wind turbines. This is a Private Spanish Company which mfrs a bladeless wind turbine. It is commonly called a 'dildo' for obvious reasons. The future is going to be v good for 'dildos' Good luck. AIMHO naturally.

testpack3 has finally shown me his shares. Not going to go into detail, but he does own shares in EML and I apologise for calling him a liar.

Just in case she tries to delete her post.

I have contacted the Company since I believe the stated 10% increase in divi is incorrect. The Company pays the divi in Sterling, and has been reduced because of the strength of the $US. If it paid divi in $US it would be correct.. I have requested that the Company give S/H the choice of currency payments.

Ive joined as a member here. Do the same, and send me , as you stated on this board, your sale of SOU shares at 90p. Im sure Kimhappy will be glad to pay the fee. She agreed to pay mine, but since I do not want that, she can pay yours.

Kimhappy. What a sad person you must be, an oxymoron avatar. Why would I post comments on a share I do not own. Trying to get the price lower to buy in? Moi, can get people to sell their shares, Get a life Kim. I will repeat, and try and understand. I have a brain, and I do question actions, or inactions from PDMR's. Eg. many posters have stated that Graham et al, have met all objectives, and are on track. I mentioned one objective, probably the most important, about Finance. But you and others ignore the elephant in the room. I held about 1/2M shares but sold about 60% since this procrastination over finance concerns me, and I reduced my exposure. The price has declined since then, so in retrospect it was profitable. There will be a v good rebound, when, and if, finance is sorted without reducing projected NPV8 figures. If it rebounds to 15p, I will be delighted, since it then will be a waiting game to 1st production and a minimum of 70p a share. If you think about it, and don't follow the herd mentality, it's much easier. Ok, I may miss out on some gains from 6 to 15p, but if it goes pear shaped, always a possibility, I'll be ok. Will you and others?

Gullible. Forgot to mention that people who have been obliterated in a debate, such as you, fire their only defence ,which is an insult. Digital doctor - what in Heavens name are you on about. Go and paint you new property. lol

Gullible. You live in an alternate universe. You lie. You did not sell at 90p, and there are dozens of your posts to say that you lost money at SOU. I'll join LSE as a member and we can have a private email and send me your sale certificate. Bet you dont. lol

Apols for the last 'tongue in cheek' post, but it will satisfy the herd; lol.

Now to the point. I get much enjoyment from the boards 'herd decision confirmation'. It is a well known concept, in many spheres, that people like their decisions to be confirmed by others of whom they know nothing of. Every one, bar none, believes implicitly, without contradiction, what PDMR's state, and fall over themselves, with great joy, to exclaim the merits of posters who claim the company is on track to make all and sundry , great fortunes. Even more praise is heaped on those who condemn the outliers, such as moi, who questions PDMR's statements, to death by a thousand cuts. lol. There is one among you, Gullible energy, who should know better, having been the victim of an uber ramping CEO, who called shares 'Golden Tickets', and ramped the share to a quid, and publicly stated that 'no one buying at these prices will lose money'. The sp is now 1.3p, and the CEO, after 'selling' the company to a private company, who had no money, and the sale fell through, left with a almost £10M in salary , benefits and bonuses over his tenure. Gullible, needless to say, refused to hear anything against this piece of excrement, saying every one is responsible for their own investment decisions. Yes, but when I pressed him on the point that does due diligence and research of a company include comments made by BOD and especially the CEO, he remained very quiet..lol. And he also says my interest in this share is 'not in good faith' He says this because I do not 'praise' him and other rampers. I have a brain and I use it. I can think.
This is a penny share for a reason. It is high risk. I can guarantee that all posters here have lost money on companies who they believed were a class above the rest, and had great BOD members. There are dozens of companies listed here whose S/H's believe are the best on AIM. Most will fail. Fact. I believe that you all work for companies whose PDMR's are beyond reproach, always tell the truth, and have your undying allegiance. lol

The majority of investors ( but not all), know that a listed company cannot divulge market sensitive information to anyone until it has been RNS'd and made available to all. The more observant posters will have seen, that in my post, I did not ask people to 'fone the company about finance details in general, but one specific finance detail which was the subject of an already issued RNS, June 2019. So, no problem there then. I'm sure that some investors, when notified that an 'indication' of finance was given, bought the share. Since the Company is now looking at a 'cheaper' version of capex, I think the Company should provide information if that 'offer' is still valid or not. It's a very reasonable request to make of the BOD. There has been no no subsequent RNS , so do we have to assume the offer is still valid.? This is dangerous. Now, if the offer has been withdrawn, this is market sensitive information, and has to RNS's under RnR.
A poster posed a question about the effect of finance agreement on sp. There are many examples of sp rising more than 50% when finance has been arranged tor a £1B+ NPV project. It will be a very important milestone. If the consortium withdrew the offer 'indication', it would have a significant negative affect on the sp, and must be RNS'd. A simple 'fone call, since a response to my mails has not been forthcoming, even a 'sorry, it's confidential info' mail. asking allay fears or add to them - is no one interested.
And finally, since I'm in full flow, a reduced capex mine, might inevitably, mean less plant and equipment, which will mean less production, less profits. This new concept is worrying for me, and poses many unanswered questions. One is this;
'· Heads of Agreement signed for up to 800,000 metric tonnes of K60 Muriate of Potash ("MOP") per annum over an initial 5-year period'
What does this company think of it?

out this Friday, with 4thQ divi.

Profits will take a something of a hit because of the weakness of the Brasilian real against $US. The pound is also stronger against the dollar and that impacts the divi which is paid in £. Interested to see if there is anything on the likely EBITDA contribution of the recently purchased asset. It is concerning sp is <2£. If there is nothing untoward is results, should get decent rebound.

I have e-mailed the company twice now on the RNS from 10/06/19., simply asking, ''what happened''

'10 June 2019

Indication of Significant Debt Financing Capacity to Support Development of Khemisset Potash Project

Emmerson Plc ("Emmerson" or "the Company"), which is focused on developing the low cost, high margin Khemisset Potash Project ("Khemisset" or "the Project"), is pleased to announce it has received a formal indication of significant debt financing for Khemisset from a major European commercial bank. The indicative sizing shows debt capacity of up to US$230 million would be feasible assuming standard project finance terms and conditions. It is expected the syndicate will comprise of commercial banks and Export Credit Agencies.'

No replies.

Todays newsletter, reduced the most important requirement for the project to this;

'The purpose of the fundraising was to finance the final critical path components of development work at Khemisset, so that the timeline was not delayed as we move to towards securing project finance through debt and equity for the mine construction in H2 2021'

Now the Company is to undertake a 'concept study' to evaluate the merits of a phased development approach;

' Minimise upfront capital cost of the flagship Khemisset Potash Project Development'

It appears to me that with the exceptional fundamentals that the project has, the Company appears to want to do it 'on the cheap'. Is the Company having problems securing finance? All of the above suggest it has, reinforced by the fact it has appointed a 'finance advisor'.

Can any of the posters who will say I am deramping the share ( I am an invested here for 2 years.), please 'fone the Company and simple ask it 'what happened to the 10 June '19 RNS 'almost' offer of finance.'

I note many posters insist on saying the BOD have met targets. Ask it about the target for finance at YE '20, the revised target of Q1 '21. Also ask how long it expects this 'concept study' to take? I guarantee it's not a weeks.

And always remember, the BOD work for us as S/H's, and are accountable to us.

It is wise for some posters, both here and on other boards to pay very close attention to a maxim in the investment world. 'Never invest more than you can afford to lose'.

Some investors think it's only a matter of holding strong 'til the good times return. Everyone thought the Titanic was unsinkable.

Hargreaves Lansdowne issued a statement last week warning that some investors are investing 'life savings' in 'risky' stocks. This is their 'bread and butter' income, but it also their base, and it is worried it will lose them with all the bad publicity about suicides from losing all of the families money. If this share, and other penny shares in similar markets, is going to make 50p or even a quid a share, there will be plenty of time to jump on board and have a 3, 4 5, X bagger. I know a sure way to get out of a share with a half a million quid. Go in with a million. No matter what the price is, it can always go down. Take care, and enjoy investing, and always stay in control.