Member Info for trev79

Should there not be some sort of quarterly update from GC and HL soon? I remain invested.

Still underwater on my investment. I was encourage by the interview with Tim Foden last year, and I await developments.

Been invested in the this company since June 2020 and still havent sold. Just hope to somehow get back to my average now 3.25p. No idea if that can happen.

I don't understand why GC or HL can't give some sort of interview, subject to what they can say. I felt positive after watching the Foden interview several months ago.

If only I had the foresight to have sold at 2.2p and bought back, you just never know what will happen. I think we can assume Morocco are not looking to settle and the share price is just drifting down.

Really we need to know the size of the claim and that's not coming until next year. Wish I had never invested really.

It is about time there was some sort of RNS update, if only to say matters are proceeding as previously outlined. It would be useful for GC or HL to give some sort of interview about the situation and talk like Tim Foden did a few months back.

I would like to hear from GC what if anything has happened with the patent and progress of the KMP process. This surely had some value and as he is technically still employed as full time CEO to see this case through for his crucial evidence for the claim, he must even though they are obviously spending as little as possible to maintain capital have been working on something other than just work to support the claim?

Also I am a little unsure now when there might be some dilution, as part of RNS's from last autumn for GC's and other's retainment packages. Unsure how significant that may be at the moment, in terms of the short term share price picture.

HL previously mentioned last November time about some unofficial contact and that he had told them to go through the proper channels. We can only presume there has been nothing in the way of a more official approach from anywhere to settle things prior to proceedings at this stage.

I know there is a long wait ahead and I am determined to hold but I am unsure if there are many long term shareholders left now, unless everyone is just patiently waiting.

I guess the statement of claim could come relatively soon now, still can't believe it came to this. I hear it's now all about 'flow' now in terms of share price movement. Clearly hardly anybody is buying and selling this at the moment, so little flow, when that may change I have no idea.

Still hoping as still heavily underwater after over 5 years invested.

I think it is about time there was some sort of 'quarterly' update, at least to let us know what GC has been working on and some guidance for possible timelines. I bought a very few more today but still very underwater as a long term holder.

I was encouraged by the interview with Tim Foden, so still hopeful of some positive news.

Obviously the best possible RNS is one that says the company has been presented with a substantial offer to settle the dispute and is carefully considering the proposal but somehow I think that is unlikely.

Would also be good to have some info or an interview with HL arrive somewhere.

What will GC be working on now? He is being paid to stay at Emmerson because of his vital knowledge in support of the claim.

It is about time that Emmerson offered up some more commentary of the claim and the next steps and the timelines now.

As a now very long term investor of 5 years I am still heavily underwater and havent sold a single share. It would be good for either GC or HL to give an interview somewhere discussing the situation. I have held because I have the highest respect for these two and do believe that they have the evidence that Emmerson has been shafted, and the claim will ultimately be successful.

I would like to know if there is any update on KMP as the value of that is surely separate to the project and some work on that must surely have still been going on by GC whilst we await further news on the claim.

With market cap of around £23million the market seems to be valuing the chances of success very lowly at the moment, compared to the potential size of the claim, but I've been naively positive about EML for several years now and there is still disappointment that the project became dead in the water due to the actions of the Moroccan authorities who I had believed would act in good faith with regards to the project. I have more faith in due process of the arbitration tribunal but I need to as still around 40% below my break even point.

Are there any other long term shareholders still invested here? Havent sold a single share. Just have to hope can get above my average at some point in the future. Have average down slightly but still significantly below my average. Would like a quarterly update from Hayden and GC on what if anything they are able to say as to progress with the claim and the patent of the new process.

I think there are still a lot of long term shareholders who myself refused to sell. I have bought a few more recently to reduce my average, but i am still like many long term holders heavily underwater.

Are we still due a quarterly update of some description from GC or Hayden?

Absolutely correct now I think.

After over 4 and half years invested I wish I had sold up 3 years ago.

Still holding all my shares, not really sure what do. I can't believe that I considered Morocco to be a competent and fair jurisdiction when investing in this project. Long term investors have been badly let down.

I have to commend Hayden for the adept way he has now taken this on and for getting litigation funding in place so quickly. (Hayden was the reason I invested in the first place sadly) It secures the medium term future of the company, but with the terms all confidential, even with you would like to think a 'very high' chance of success, it's impossible to quantify if I can ever get my investment back. My average is 4.55p, so I can't see how the share price ever reaches that level again.

If there was a successful claim and a big pay-out, Hayden undoubtedly has the skills to use some of the proceeds to take on another project for Emmerson but even an optimistic scenario would be three years time.

Overall a dire situation for long term share holders, with the project now confirmed as dead (in terms of Emmerson developing it), all we have is hope that the claim stretches to the 100's of millions and that fair play eventually wins out at least with fair compensation through arbitration.

Ideas whilst obviously very welcome at the moment this is just speculators having a punt - that Graham finally delivers.

Like all long term holders I can only hope that he does. Like you say he has been very confident many times before, the January 2023 quarterly RNS if I remember correctly predicted that 2023 would be transformational for Emmerson and that the EISA he was very confident would be coming that quarter. As we know it didn't arrive, so sadly much as I would love it to now be very likely to arrive this quarter, until it does there is concern it won't. I suspect that's why myself and other long term holders did not top up recently at 1.1p. Like yourself I suspect we thought about it but I am still heavily underwater. I can't see speculators alone getting this past my average of 4.54p. There needs to be that transformative RNS that we have the ESIA. Fingers crossed.

What a great company this will be to be a long term holder in if we can get the permit over the line. Still holding.

Totally agree with that.

On the 26th September 2022, when we had already lost a year.

The RNS stated the Company is pleased to announce that it has entered into a subscription agreement (the "Subscription Agreement") with GSM whereby GSM will make an immediate equity investment of US$6.0 million at a price of 6.0 pence per new ordinary share.

It added that 'The Company is now funded to complete basic engineering work, remaining permitting and project financing processes through to a construction decision'.

Over 18 months on, they have done the same thing at 1.75p and raised only £2 million, after repeatedly being confident that they would get the ESIA approval.

I am clinging on to fact that these investors must still be confident that the permit will come or else they wouldn't have bought the new shares but yet again the RNS is thin on timelines, as other posters have stated coming days could easily be the end of the month, and lets be honest it's absolutely imperative now that the EIA (now renamed) is absolutely robust and water tight as whatever GC may state today that it met the criteria required before, clearly it didn't in the eyes of the people who matter the issuing authorities.

I remain hopeful, but very frustrated.

The quarterly update must land next week. Clarity is required.

On the basis of the last 2 years the quarterly update, should come within the next 2 weeks. Re-reading the quarterly update from this time last year and 2 years ago, does make very sombre reading as we still still await the ESIA.

The update needs to be very detailed and clear, and not vague. It needs to tell us shareholders what the timeline is now for a decision by regional. The company was stating a year ago that their efforts to finalise the remaining outstanding items with the relevant authorities in Morocco was being rewarded with 'constructive meetings and encouragement from the various agencies involved'. They were then confident that national would award the ESIA.

Surely now with the extra revisions/improvements and the referral back to regional they can now fully provide regional with what they need to finally award the ESIA.

What an award of the ESIA would do to the share price is anybody's guess. For now the market is much less confident of the award coming soon than it was in early 2022. What I am trying to work out now is should all long term shareholders be more confident now that this is finally coming, as GC must now have an extremely clear idea of what they need to revise to finally get this over the line?

I have believed RNS's from GC over the years, only to see things not come to fruition, I think the 9th January 2023 RNS where he stated ' I am confident we will be able to provide some substantive updates over the course of Q1, and that 2023 will be a transformative year for Emmerson' really does spring to mind as I genuinely believed then that the ESIA would drop before end of March 23.

Now a year on, I really don't know what to make of it all. I guess the market doesn't either, hence the drift here.

I took the decision to stay invested a while ago but like many long term holders my average is over double the price today, just have to hope that GC for all his endeavours can finally at last get the ESIA awarded.

Such a hurdle overcome it would be, really hope it comes soon.

Yet another quarterly update is due in the next few weeks. The ambiguous language used in the RNS makes it impossible to know if the announcement does genuinely make the awarding of the EISA closer or not. I sincerely hope so but the RNS is vague on detail. I don’t recall either GC or the finance director informing shareholders at any point, certainly not in their interviews in February where they said they were confident the ESIA would soon be awarded that national upholding the referral back to regional was even a possibility. s this has now happened and they are pleased I just really hope as a long term share holder that this really is a positive and the ESIA does soon follow.

The lack of clear communication from GC is very frustrating. I want to be positive but we are left very much in the dark here again.

It is all great stuff, makes the compelling business case all the stronger. However we just need the ESIA to be awarded. It's 6 months since the earthquake in 2 days, so it's getting beyond comprehension to think that business as usual in government has not returned. The ministerial meeting to determine this and hopefully award this must therefore surely now be scheduled, but we have no information at all on this. Very very frustrating for long term holders.

Does anyone expect an RNS when the company become aware of the date? I don't think there will be one.

At this rate I'm expecting yet another quarterly update RNS to arrive before the RNS we have all been needing for almost 3 years drops.

I continue to hold as I can't see any fair minded reason now why the ESIA will not be awarded now and surely soon, but I just hope I am right as there is no future business with very significant revenues and profits without it.

We just need the ESIA as simple as that. Without that we are nothing, with it we are a completely different company with extremely good fundamentals.

As a long term shareholder slight movements up in the share price without substantive news whilst not unwelcome mean not a lot to me as I like many others have an average much higher than the value today.

It is almost 6 months since the earthquake, GC must have had some notification of when the meeting will take place now?

Very good to hear from you Westie, pleased to know you are ok. Your contributions are very valuable but totally understandable if you have decided to take a step back from posting.

I remain fully invested but just hope that the ESIA does finally come soon, it has been an extremely long wait and a very frustrating time for long term holders.

All the best to you.

I wonder what happened to Westie? He was a very decent contributor to the board.

And still the wait goes on for the ESIA. Over 5 months on from the earthquake, still no indication as to when the meeting will take place.