Member Info for trev79

I think it hopefully shows they are now more confident, he says they hope to get the ESIA soon. But of course that was said almost 3 years ago now.

Fingers crossed and cautiously optimistic.

Still well below my average so just hope for positive news with the ESIA. I think the RNS makes this more likely, hence the increase over the last few days.

Note Graham gave no guidance on when the meeting will take place, my impression was he genuinely didn't know but he did talk of positive discussions (although we have heard this many times before) - so I just hope now the ESIA now gets over the line.

Have just watched both interviews. I am now the most confident I have been for over 7 months which I admit is not saying much.

It is a positive development, as was the update on costings which given inflation was not to much of an increase.

If we ever get the ESIA then the already sound economics have indeed approved.

No doubt the new process will be taken into account when the decision is taken, or feedback is provided as Graham said, so I don't think anyone needs to be concerned that this will not form part of the assessment made by the Moroccan government.

Also clear this has been done to take steps to ensure we get the ESIA over the line. I would like to hope it does and soon, however GC gave no indication at all as to when he expects to hear feedback.

If that had happened I am sure GC would have issued an RNS today. I so wish it was true.

Unfortunately there has been no RNS.

I honestly thought when I bought my shareholding that Morocco was a sound place to do business. I am just not sure now whether to be really concerned or actually pleased with the OCP news as it must offer excellent possibilities for EML if handled properly and with fair process at work.

Graham has repeated said that he knows of no reason why the EISA will not be awarded and all matters outstanding had been dealt with. He also repeatedly has said they have had positive discussions with the relevant authorities, if the EISA is awarded very soon I think the business case has just become more compelling. But I share everyone's worries and concerns.

The question is has Graham been open and transparent. I hope so. The meeting has definitely not taken place yet, I think we have that as fact, and nobody could have foreseen the earthquake and there will be other matters on the agenda, so I can't see how on earth it is being deliberately delayed to compromise EML.

I hope we can all have faith in the soundness of the Moroccan authorities and the competency of our CEO to get the EISA over the line. I really hope so for all of us shareholders.

I can't believe we are now in January with no news as to progress. I decided not to sell back in May and sticking with that decision at the moment.

Does anyone think that he might be about to announce he has got the ESIA over the line any time soon? Just a hope really form someone still very much invested.

What a dreadful year as a shareholder in this company. I appreciate the seriousness of the earthquake but even that was almost 3 months ago now, so the normal process of central government that needs to make this decision must have communicated to the company the likely date, or at least expected schedule for the required meeting by now?

Just drift and no news on when the meeting will be. It must be soon now.

No posts from Westie for some time, if you are there Westie what are your current thoughts?

Also pleased to see Graham has shown his face, and I thought he seemed more at ease and we can only take his words that he is confident of approval.

I have taken the decision not to sell, so have to hope that Graham's confidence is well founded.

Surely at this stage the company know when the meeting that GC has confirmed we will be on the agenda of the next one will be? Why do they not inform us shareholders of this very important information.

It could be tomorrow, we do not know.

I haven't sold my shares but I totally agree with your post Ideas. The decision must surely be in the next couple of weeks given what GC stated about being on the agenda for the next meeting.

Sorry meant to say we now know the decision will be soon or soonish

I am trying to take the GC interview as some sort of a positive. It has clearly had no impact on the market though.

The key points I think I got was clarity that the ESIA was not rejected at the regional level - it has been referred by the regional authorities to national level. (this was not clear in the RNS) If the ESIA has not been rejected at regional level then that is somewhat reassuring and would explain why EML do not have further mitigations planned. GC didn't really go into any detail as to why this has gone to the national level, apart from saying with hindsight it wasn't too much of a surprise (or words to that effect)

We now know the decision at the national level will not be soon or soonish. I agree that this must be RNS'd as soon as EML know the date of the meeting that he confirmed the project will be on the agenda of.

Top post testpack3.

These shares cost £15k. GC now has a few more shares than me but a much lower average. Why because he waited until after the dreadful RNS last week before doubling his shareholding. I expect most LTH's are in the same situation. 3 years of investing in EML to be nearly 50% down on the investment, due the dreadful RNS from last Thursday.

I am seeing the purchase as a small indication of confidence in the project but only that. There are so many unanswered questions. When is the meeting at a National level with regards to ESIA? Is it thought by the company to be next week, next month or next year?

Why was the ESIA not able to be approved at the regional level? What were the reasons? Have the company got further mitigations planned to ensure it is approved at the national level or was it not approved because the regional authority just felt it was to important a decision for them? (which I think is very unlikely - but due to the poor wording on the RNS could be the case)

If GC came out and did some interviews explaining he could provide much needed for clarity. Instead they are all buying a 'few' more shares which whilst it is welcome to a certain extent, is not something a long term holder could sensibly do at the moment because the RNS lacks any substantial clarity which makes investing any more at the moment just an uneducated gamble.

Obviously the board and GC know much more than we do, should that really be the case after last week's RNS? It shouldn't be as the RNS should have been clear and precise - it wasn't. GC needs to urgently clarify. That is what a competent CEO would do now with many LTH's have very legitimate questions.

Ideas and Chisler you both could in theory be right! That is the point I agreed with Ideas on yesterday the RNS (whether deliberately) or just because it is poorly worded is open to interpretation and ambiguous, which is just not good enough from the company.

Obviously one would hope that Chisler's interpretation is the correct one, but the company have certainly not made it clear!

The RNS yesterday was not a good one. The broker saying it is a positive, doesn't exactly tie in with the RNS does it.

I just hope this works out now, which is not a great place to be.

The RNS is dreadful.

What is also dreadful is the communication or lack of it in the RNS.

When was the local committee decision? If this was not yesterday then why was the result not announced immediately?

What are the expected timeframes for a decision by the central government? Is this to use that awful word imminent or does the company expect this to be 6 months time, they do not give any guidance on this at all?

The communication used to be first rate now they are dreadfully poor. Why can GC not even be clear that the ESIA was rejected by the regional authorities if it was like GW62 says.

Now totally a binary bet on the central government approving and not an investible proposition. Only trouble is as a LTH who took at face value statements like transformational updates in Q1 and the company know of no reason why the ESIA will not be approved, I now find myself significantly underwater in a company and board that quite frankly after today it is hard to have any confidence in.

Totally let down by GC, I swear today he mentioned issues he never had before.

The decision now is whether to take the loss or hold out possibly more in hope that expectation.

Clarke could at least to a round of interviews with LSE and Proactive to clarify matters and further explain the going on? Why is he failing to do that? He should be out of common decency for long term shareholders, he wasn't media shy 2 years ago.

I bought this share because of the capabilities that were evident in Hayden Locke, I note he has bought more today but I agree that means nothing after the appalling RNS today.

Just bought another 30000 or so.

Some decent posts have been removed on that thread, including 2 I posted, so seems a bit ridiculous to me.

Westie what are you current thoughts? Do you think surely can't be much longer for ESIA? I will start to get seriously concerned if it not there by August as I am sure there are ramifications on the Singapore deal if we have not progressed by September. I thought the same thing last year but then it was resolved for another 12 months.

There is no communication and I just hope that is because GC does not want to say anything now before he can announce not everything but a very large amount of positive information on one go.

I honestly thought EML would have had the ESIA 2 years ago, I never saw it as a big hurdle having had the mining permit, which shows what I knew. It has been a very frustrating 2 years but it does remain the case that once the ESIA is forthcoming the economics of this mine are more compelling than they were when I initially invested due to the increased potash price.

However there are so many things now that we have not been updated on. Cost are sure to a have increased with inflation as it is. What about the SOP feasibility, the SALT by product.

Is Hayden still involved on the financing side? It was him that really attracted me to EML prior to GC's appointment. GC was brought in to build and then run the mine, hopefully we have progress soon.

a welcome few days with the share price, I think a little indication of what may happen once the ESIA arrives.

I bought a very small amount last week, as I've reached the threshold of shares I was looking to have in EML and now have them with an average a very little under 5p which was something I never thought I'd manage.

I didn't have time to post last week as was on holiday but my take on the RNS was that the awarding of the ESIA was now very almost, all but there. It sounded very much that Graham was hoping to include this alongside the slightly delayed quarterly update and financial accounts but due to timing delays just wasn't quite able to do so. I felt after reading the RNS that we will have to await just a few further weeks but that is just my positive take on the RNS.

I very much feel now that it is coming soon and patience of all long term holders will soon be rewarded. When it lands we will no doubt see a lot more of GC and a big marketing push (which they have had a long time to prepare) to gain share price traction prior to financing. Testpack has been spot on again that the Q and A would be delayed and will not happen until the ESIA is granted.

I am feeling the most positive I have been in months, hopefully it is well placed.
The seemingly endless waiting for the ESIA has been tedious and frustrating for all shareholders and no doubt for GC who wants to get on and build the mine. When he gets the ESIA after sticking to the principle of doing things the right way, it will no doubt be the start of a fruitful partnership between EML and the Moroccan authorities.

Westie are you positive about the next few weeks? At the very least we should be having a quarterly update next week should we not? That should hopefully provide more information on progress.