Member Info for trev79

Our shares just switch across there is absolutely nothing to do. You do not need to sell and buy back. You still have shares in the same company they will just be traded on a different index from a particular day.
It is nothing to be concerned about.

Of course it always hurts when you see a price down on where it was a few weeks ago but we knew the raise was coming, it has been executed successfully at a higher price than would have been the case in November when it was confirmed to likely be happening by the end of the year.
GC always needed this capital, it was a success in that it wasn't too far below the market price at the time. I also noted that they managed to do it at the mid part of the announced range which should show something as to the appetite for it.
The move to AIM I just don't see as anything to be concerned about.
All that has changed is short term sentiment. (sentiment can be wrong or correct). If you think it is currently wrong like I do it is a good opportunity to buy a few more. If you think it is right and didn't like all the other recent updates that the market did at the time then it's time to sell. I think the fundamentals of the project are exceptional which is why I first bought in last June, when I took the time to really read up on the project.
Of course finance will not be a stroll in the park but I am confident it will be achieved. I don't think anyone with an average of over 7p has anything at all to be concerned about in the long term - just sit tight and hold.
Of course the only other reason to sell is if you are a skilled trader! I am not just trying to build up a long term holding.

Good post Testpack. Personally not concerned about the move to AIM one bit. The board have their reasons there is nothing sinister about it.
If it brings move coverage great, if it reduces some costs great, GC will want to spend the £5.5 million very wisely as it is to be used to put the company in the best possible place to conclude the financing deal.
The phased development plan is also designed to reduce costs and possibly also dilution, of course there will be dilution to raise funds to build the mine but dilution of a much bigger company should be no concern at all to existing long term shareholders. The board I believe have also said they remain very confident of a debt arrangement for up to 70% of the amount required. On that point I wouldn't wish to have anyone else but Hayden involved in working on that part of a financing deal.
Time will tell of course, but I would think that the increasing potash price, mining permits etc are all factors that will boost the company's hand in negotiations. GC is undoubtedly a big asset now and fair play to Hayden for recognising he needed someone of GC's operational ilk last year.
I think there is a lot to be very positive about given the progress made and recent announcements.

I agree the placing great news and the fact they raised so much is very good. It really should be the last placing before financing is completed, and puts Emmerson in a very strong position to conclude all the work GC has identified for improving the proposition.
We knew it would was coming, so long term holders should only be very pleased GC got it away at not far off the market price. He should be applauded for not attempting it before xmas as originally intended when the price was lower.
Of course all of us could say we wish we had sold a few weeks ago to buy back at where it is today (but it takes balls to do that and also the chance of timing it really wrong with a project where you really believe in the fundamentals and long term projects)
Get paid on Friday so will be buying more in the knowledge that everything is progressing well and the must mooted placing has been successfully placed. All systems go now. It may drift a bit over the next few days but then I would think more investors will become interested and that should be good for LTH's.

As others have noted there hasn't been a herd arriving. The market cap is £43.62 million + the £5.5 million raised so under £50 million. I am confident it will be more than that when a financing package is announced.

Rather than the share price it might be more useful to think of where the market cap could be if this was financed, constructed and into production with the high margins from the difference between the costs and revenues. The low cost to port is also a compelling part of this project, perhaps often forgotten.

The market cap has gone over £50m. The future share price after financing will depend on the terms of the deal, how much dilution and at what price, very hard to predict. However I am of the view that just over £50m market cap at this stage is still very low for the progress made.

If the permits come in and the financing is completed then the current NPV will rise further. Obviously at the moment it is rated by the analysts with those 2 events risked in, but they will change their targets once these milestones are met. Given the specifics of the Emmerson project I think its possible that more risk is attached to the financing than the construction as that is relatively simple compared to some projects.

The potash price is another great unknown and it is welcome that it looks like it bottomed out and is rising now but remember the Emmerson mine is still very much viable even at the absolute lowest end of potash prices.

What I have noticed is whilst we are finally rising the herd is definitely not here. I note that due to the absence of nonsense posters with limited knowledge of the project flooding this board. Long may that continue.

We may find that GC does his limited capital raise this week and if he does then he should be applauded for having the foresight to slightly delay it to get it away at more favourable market conditions. The work GC is currently doing to refine the project and looking closely at the viability of SOP will be very interesting. He will be looking to strike the balance between keeping this project simple but possibly slightly increasing it's scope if he see clear advantages in doing so.

I bought some more today, wish I had acted earlier but they are for the long term. With GC's operational experience and HL's finance raising experience I am confident for what is ahead.

With the price finally rising GC may delay further or may act now. It is impossible to know. All I do know is that he wanted to raise further capital to do further work to enhance the project, the extra funds may not be essential right now but are going to be required to do the work he wants to do prior to gaining finance.
Likely the price will settle back after a placing but I certainly haven't got the balls to sell all my shares in anticipation of that possibility as would not wish to be out - given EML is still in my view substantially under valued. Market cap is still only just £50m.

It is just more people becoming aware of the project and the hopefully positive news to come.
I find myself slightly annoyed today as I have just been paid and wanted to add, I know I shouldn't be as this gives GC the perfect chance to get his small capital raise away at higher level which is very good news for LTH's.
Will probably still add.

Yes exactly so finance taking place hopefully at start of q3 is completely logical as must follow the permits. Having the permits increases the hand in negotiations as well.
I do still think there is going to be a finance raise shortly as GC alluded that more funds were required to do some of the extra detailed things he wants to do. Whilst more dilution is slightly annoying it won't be if the fruits of GC's work is an enhancement to the project which is his intention on doing the work now. If GC's well written note to shareholders has the effect of rising the price to get a small raise out of the way all well and good for LTH's.

Think that the finance had already been pushed back in the investor presentation that GC gave to the virtual conference about 3 weeks ago but may be wrong. It didn't concern me as that was what I already had in mind.

I am pleased to see it go up, but wish I had been paid last Friday and not this week coming to add. Will have to pay more now.

I think I am correct that the Align research note refers to a fair price of 24.7p based on what had been achieved in June, when permits are received, and if the SOP feasibility is viable, then this increases the current npv and also any price targets.

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.