Member Info for westie50

This will bag many times, but in time, hence patience needed. The only way you won't get a bag from your investment is if you sell. I'm heavily into EML also. Anther giant in the waiting. that will come good as things will here

Excellent level headed and balanced post Ideas. Thanks.

So much for the so called "experts" making all sorts of predictions yesterday. You can generally get a good idea which ones are worth listening to and which ones spout garbage.

I don't do sp predictions for this very reason. Still inherently a good company with good prospects but not a multi bagger overnight.

Just short of 20% of the shares in issue traded in 1 1/2 hours of trading. That's pretty significant and bodes well for the future. I can see the MMs soon being short of stock.

I have only been here for a few months and have no idea where the sp could end up. With a Mcap of just £4m surely literally every buy should have marked effect on the sp? there can't be much stock about!

Surely we should take off now?

Another article dated 3 days ago which has similar dubious language. There does seem to be a concerted pushing out of literature, so maybe, just maybe this time the ESIA is around the corner?
https://twitter.com/baschcapital/status/1488224442060836870?s=20&t=TdFmfttXLPAMgCu4W_j-1g

The question re 'source' has been asked of the poster on twitter.

Cheers Sean

https://twitter.com/mytec6/status/1487971273586188288?s=21

https://www.mei.edu/publications/moroccos-new-challenges-gatekeeper-worlds-food-supply-geopolitics-economics-and

https://twitter.com/emmerson_plc/status/1484455728601571328?s=20

For me, the issue of the permit centres around whether a face to face meeting is required as the final step. If this is the case then Morocco's borders are staying closed until 31st January at the earliest. If a zoom meeting will suffice then I'm puzzled why this hasn't happened already. It would be nice if the company could clarify this.

Updated notes available on the Company website

I think we’re still pretty much under the radar. Maybe it’s party due to the fact we won’t have any income for up to 3years. I’be been here for years and won’t be selling a bean. I’m hoping we’ll get a lift up when the ESIA comes through and funding is finalised. Then we’ll be viable in the eyes of investors

Welcome Matador78. As a LTH it's always encouraging to see another new investor. I'm sure you've made a good decision. A little patience needed but you'll hopefully be well rewarded in time.

No worries Shareseeker. Enjoy the rest of the holiday period.

Difficult to say Shareseeker with many variables still to be resolved. We don't know the eventual make up of the last equity trance and indeed how much it might be. I've always had in my own mind that as long as we don't end up diluted beyond 2Bn, then it's an ok deal for us shareholders going forward. If things work out at you suggestion of 1.5Bn then that'd be a brilliant result.

I'm hoping all should be revealed in Q1.

Shareseeker10 - Have a listen to Charles Vaughan in the LSE podcast which is on the company website. He talks about securing debt finance followed by " the final tranche of equity" This would seem reasonable given the assumed debt equity split of circa 70/30. That's where I got my info from anyway.

Afternoon Woolverstone13, a Merry Christmas to you. Your guess is as good as mine re the ESIA permit. It's a condition of the agreed equity finance that this permit is forthcoming, so i'd most certainly expect it within the next couple of months covid permitting. There's clearly a lot of optimism amongst the EMl management and the equity providers that this is just a matter of time and is 'when' not 'if'.

I think there'll be an amount of debt funding forthcoming again within the next few months, probably in the region of $300m (I'm working roughly on a 70/30 debt equity split) followed by another tranche of equity funding. It's worth listening to the podcast form the 16th November available on the Emmerson PLC site where the funding is set out very nicely. Charles Vaughan is a good listen. So yes a pretty good chance of more dilution.