Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think the next news could be the Preliminary feasibility study on the potential for producing sop.
If this is positive then that should increase the npv of the whole project.
Not sure how feasible sop production is but we will likely find out soon and it has the potential to have a positive impact.
Looking to buy some more as soon as I can as the company is still valued at under 40 million which seems very low given the potential already of the project.
I see Emerson as very much under the radar, which is shown by the lack of a herd here. At some point that must change.
GC joining the board is a sign of commitment from both parties. A good development.
Intend to buy some more shares on Tuesday.
Obviously it is a good development. It will make more investors aware of Emmerson and the project. The more people who become interested and knowledgeable about Emmerson in theory the more people who invest and then a rising share price.
The share price is at this very low level largely due to being under the radar.
GC's presentation at the virtual conference should hopefully begin to change that.
A change of sentiment before financing would be very handy for reducing dilution.
I presume with the share price still languishing at 4.5p that the fund raising scheduled for before the end of the year will now be delayed.
With such a small market cap of around £33 million, the valuation doesn't seem to at all reflect the current progress made. Therefore I would imagine GC will delay the capital raise if he can.
Before any funding we are having a capital raise before the end of the year. Unfortunately the share price has not performed as well as we might have hoped over the last few months, so unless it gets delayed there is going to be greater dilution than desired.
May be GC will delay this into next year because at the moment the share price is not really reflective of the progress made. A decent buying opportunity but not a decent time to raise capital.
Good to see some interest here as well.
We know there will be a raise before financing, so we could do with the share price rising to a much higher level before then to reduce dilution.
I will be adding as it is a compelling investment case long term.
+ the other small change I noticed seemed to be that GC mentioned raising some more money at the end of the year (before the main funding) so I assume there will be a bit more dilution then. I thought HL had said we were fully funded for at least a year with the recent raise. Otherwise a very good interview.
The current share price makes little sense. The FS was if anything slightly better than expected and the share placing was done to be more ambitious in the extended scoping study. Reading all the detailed reports into the project the market capitalisation should now logically be substantially higher than where we are today.
The share is still very under the radar, I hope that the low price does not weaken our hand in financing discussions. Assuming the exist 60% debt offer (which Hayden hinted could be improved upon) is still out there, that leaves 40% to be found by some form of dilution, perhaps that could be further down the line once permits are received and construction started but who knows.
I have total confidence in Hayden, his competence was one of the main reasons I invested here. I think it would be useful to have a bit more communication from Graham Clarke, as to the optimisations he has possibly found that was hinted at. It's a disappointing drift down at the moment.
Good to see. Most of it makes sense now as a decent incentive plan. However I am still not sure why 2 people have been granted options now at a price 50% higher than the share price?
2,000,000 Options on the Grant Date at a price of 0.10p per ordinary share
If this was pence why would Phil Cleggett have any interest in taking it up? He could buy at 4p on the market?
If was pence how could the RNS be published so badly wrong. 0.05p would read to most people as a fraction of a pence, it should state £0.05 if that is the intention.
I hope so. It's makes a huge difference to how I feel about the company. If it is pence then I have no trouble with a small give away to Graham Clarke and a genuine incentive for the rest of the team (and hopefully decent profit once the share price is much higher due to their continued excellent work)
What concerns me is the options granted on the 1st August grant date at 0.06p and 0.10p if that was pence they would never have been taken up now at a price higher than 4p.
Explains why the share price has gone down consistently over the last 4 days with £21,250,000 shares (if you add up all those taken on the grant date up) being taken as options for virtually nothing. Or am I reading it wrong?
Needs clarifying urgently. If it's 0.05p it is a massive give away of £50m shares not linked to any performance! This is almost 7% dilution for shareholders.
If the figures are £0.05 etc then it can be seen as a decent discount to hopefully substantially higher share price once progress has been made - and obviously incentive driven.
Top post.
Absolutelty top boost.
Could not agree more.
Vote will go through. Dreadful 18 months. Wish had never heard of Fraser as sxx back in 2010, if I hadn’t would be much better off.
Shafted. Completely.
Good to hear you are doing ok as well. It is a tough situation for loads of us. Do something you enjoy to take your mind off things. The one thing I am not doing is blaming myself, we have just been very very misfortune, not stupid, so no need to feel down on yourself.
I am staying put and things should come clearer very soon now.
Jonesrichard how are you feeling today? I genuinely hope you are ok.
When this shocking situation reaches it end, so does the message board. At the moment as others have alluded to I think it is helping a lot of us that we still have this platform to communicate, as there are lots of us going through this together.
Lost I thank you for your kind comments I am trying hard to articulate my disappointment in the best way I can.
Lost we will all be gone soon now won’t we.
After investing so much time, money and I guess real interest and hope in this over for me 6 and a bit years, I can’t believe i’m Saying it but I wish Sirius Minerals and Chris Fraser had never come on my radar. What a complete and utter waste of time and energy.
This talk of investor naivety I do find wrong. Of course some have been naive, and some over talked the future - but the sad fact is Sirius had a much better than fair chance of getting this financed. It is huge mistakes, and horrific circumstances and a failure to acknowledge they needed to change tac, along with probably some quite frankly dubious advice from JP Morgan that has brought about this truly dreadful situation.
It should never have come to this.
Yes the mine will be built, and the great thing for the area will happen, but it should and could have been Sirius Minerals finishing the job.