Member Info for westie50

@17.5p i think you've been well and truly shafted. Mind you, you can have all mine for that price!!

If you’ve got patience in abundance TheWorks then this is a very good long term investment.

Thanks Kim and Ideas. Appreciated.

I'm sure you're right Kim but I can't find it. Must be my age so could you send me a link please. Thanks.

The chat going on about Jim Mellon is probably false as he was involved some years ago with a company Emerging Metals Limited (EML)! I can't find anything to suggest he's involved with us.

https://www.investegate.co.uk/emerging-metals-limited--eml-/prn/issue-of-equity-dealings-by-directors/20110608070000P5DDD/

A very reasonable twist Chisler, for the reasons you state, and indeed a possibility especially as OCP has some land claims adjacent to us. OCP and the Government are effectively the same hence i believe the permit will arrive once we see a tie up. At current potash prices EML can be 'friendly' with their selling rate.

We don't "need" OCP Chisler but i have suspected for a long while the permit will be dependant on some sort of tie up with them. Just my opinion

My God Chisler, that's possibly your most optimistic sp prediction yet! £1.88 in 18 months time before construction has finished, unless the construction period can be trimmed at all. I'll hold you to that!! Have a good weekend.

Morning Idg - A very interesting read thank you and proves there are companies out there which can make investors a lot of money. I wonder whether you ever considered cutting your losses when you were under water or did you believe in your research and the company fundamentals which obviously came through in the end. Your patience and belief definitely worked to your advantage. I guess that's investing and coupled with human nature, you'll always get some who are less patient than others. I'd never criticise investors from selling as each individual has different circumstances.

I've been in EML for over 4 years with an average of just under 5p. I've been buying since then and now have a substantial investment. So, like you, I remain optimistic for the future prosperity of EML. Yes it's frustrating while the wait for the ESIA goes on, but it'll come. As you say, why would the Moroccan government want to refuse the permit when they're looking to increase substantially their exposure on the world stage. Refusing it would be the equivalent of kicking themselves in the nuts.

I do think we'll see some sort of tie up with OCP, maybe announced at the same time as the permit, quickly followed by funding. At that point it'll be interesting to see what happens to the share price.

Good luck with your investment.

Evening Idg. I do admire you're optimism and indeed I would be over the moon if we saw 50p+ on finance which on present timescales should happen over the next 3/4 months. As i've said before i'm not quite so optimistic. Let's see if we can get back to 10p again and hold double figures.

You can't compare HZM to us from so many angles.

No problem with directors lining their pockets as long as they do the job they're paid to do and ultimately make us investors money.

With the Moroccan news article yesterday and now this transaction, I wonder if Hayden has
deliberately timed this before news?

I'll add to my previous post in that no way was I intending to be negative. I'm probably one of the most positive (maybe wrongly) posters on here. Just looking to be realistic re future sp.

Re producing, I think 5 years is overly pessimistic. More like 3 years in my book.

I admire your enthusiasm Matador and would love your projections to be correct but i'm not quite so positive. I think the sp until we're into production and making money is in the lap of the Gods. Yes for sure it'll be given an uplift with ESIA/funding but like OOSM I can see a lull during the construction phase. Let's hope i'm wrong anyway!!

Ideas - why would the company be duty bound to report the fact the ESIA might be dependent on all works being completed? Yes it would be ‘nice’ to know that information but I don’t believe the company are compelled to report that.

FWIW - I think the issue of keeping investors up to date has been handled poorly by the company. Conversely though I don’t believe GC has held back information which needs to be reported. That would just be silly

I think you’re spot in CBax. Indeed surely the company would have been duty bound to report such a thing. This still might happen but until that time I’m still awaiting and OCP tie up, ESIA and funding.

Yes enjoying the sun and there water. There's times when LSE takes a back seat to more enjoyable and relaxing pass times. Battle resumes tomorrow!!!

No problem with Directors being awarded options. As has been said they're worthless just now but if they eventually profit then we'll profit as well.

Unbelievable some people are moaning at the fact he has added to his holding. Lat time I looked, a director buy was positive.

He of course had the option to sell his 150k holding instead. I assume that would have triggered some serious wrist slitting!!

Matador - Interesting comments from yesterday. The Ukraine conflict is clearly very relevant re the current surge in potash prices although the price had started to increase before it started.

I guess the question we all have on our minds is when might sanctions be relaxed as that currently caters for 40% ish of the world potash supply. I guess the one 'fixed' is they wont be relaxed until the Ukraine conflict is over. How long might that take? Well some commentators have it going on for years. But let's go to the other extreme and assume it finishes in a couple of weeks. What will then happen to sanctions? My personal thoughts are they wont be relaxed for a considerable amount of time. When the conflict ends, the rest of the world (well almost) are going to want Russia to contribute to the reconstruction of Ukraine. If and when they refuse then surely sanctions will remain.

So the bottom line for me is that sanctions could remain for years to come, hence bolstering the world potash price. Maybe $1000 is a little ambitious long term, but i can see $800 maintained which is roughly double the FS prices.

If for any reason, Brazil don't want our potash, there's other world markets who'd be very happy to take it. I really think selling our potash is not a concern.

All my thoughts and of course not necessarily correct. Very happy to discuss other thoughts. Enjoy the sun!!