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It's a regulatory requirement to notify the market of the results of an AGM, so that's the point of the RNS. It was only held today so we didn't know this news before they issued it. If any resolutions had not passed they would have to comment on that.
But EML have never issued the voting % with this annual notice, which seems to be a get out for many AIM companies, although some of the better governed ones do release the detail. I have yet to find the part of the Companies Act / AIM Regulations that allows them to get away with that - if anyone else knows the specific rules allowing this then please do share. TIA.
What is the point of this rns - we know this news already - we want to know about the esia
I wish there was someone on this board, that could display some sort of chart, which represented possible future outcomes and previously projected prices of this stock. I also wish that this chart would appear every time we had an increase of more than five per cent. Why oh why oh why can’t someone post a chart???
Yes, a highly informative post from EML. Par for their course.
It'll come eventually.
Be Brave
Many cos. show the %age votes for each item on the agenda. EML chose not to. It would have been interesting to see if there were many dissenting, or abstentions on items.
I cannot even guess where the 'bottom' is on the sp while waiting for EIA news. It is certainly a 'binary' play now, and there must be a level at which some investors will 'take a punt'. The waiting game is dangerous since RNS can drop anytime. However, I am disappointed with myself that I bought back in, convincing myself EIA approval was slightly better than a rejection. I should have listened to my own words, which were;
'there will be ample opportunities to make good money after EIA approval. If sp increases to 15p, with a more than possible price of £2+ when mine is producing, better to buy after appro'
Fortunately, did not put the 'kitchen sink' on it. So, waiting for the 'red dot' to appear to see which side of Miffin's Bridge I end up.
I see we have the AGM tomorrow : Notice is hereby given that the Annual General Meeting of Emmerson PLC (the “Company”) will be held at
55 Athol Street, Douglas, Isle of Man, IM1 1LA on 26 June 2024 at 11.00am.
For the following purpose of voting the Directors back in and granting key employees and Directors options and warrants. To be honest I think the timing of the options and warrants or any management incentive at this time sucks. It is the share holders that are feeling the pain of this dismal share price. Go and get the EISA then reward yourself but don't insult investors who hold up and continue to hold up this company. It doesn't take a lot of imaginations as to guessing how I voted on this!
Well, I suppose I can console myself that I invested what I got back from Sirius here, not with Anglo American!
I still believe in Hayden Locke.
chisler
the bod, esp. ceo, has no intention of feeding any info to us pi's. it must be aware of the comments written on 'investor boards'., but obviously has not a care in the world about them. every month, since they are all. 'working hard behind the scenes' (lol), they get their salary, pension pot payments, perks, and '**** a snoot' at us.
Chisler
Well, at least the sp can’t drift much lower now. Confidence at rock bottom.
And they can be misleading.
Do I believe Graham.
I don't believe anyone in charge of an AIM listed company.
I believe RNS's
There are no publicly 'disclosed' short positions, but there could still be any number open that are not reported. And given the SP trajectory I would fully expect there to be some.
There are currently no open short positions in Emmerson.
I suspect lot's of small trades over the last 6 to 12 months would go un noticed in the grand scheme of things.
Things are going to get awfully quiet around here until news comes forth.
Idg69.
'. I wonder if anyone on the approval committee have been buying shares on the QT?'
Looking at the sp decline, I'm sure the answer is No. However, I havn't discounted them 'shorting' it.
Some may of been buying on the quiet . But at some point in order to see value in your purchase the company needs to become a viable asset . As I have said previously if GC is an industry expert what was his last successful build . ? If it takes this long to achieve anything in mining …, how does anyone create a CV . Nothing ever happens .
We can't progress to finance and building a mine without the ESIA approval so I would say this is very much a binary decision. Still can't believe we are stuck in this position 3 years on. The CRUI have us over a barrel and I'm sure they know this. I wonder if anyone on the approval committee have been buying shares on the QT?
According to Graham this isn't a binary decision...so no need to worry ..right?
Where did you see that appeals take up to 90 days?
And was that comment on the mine in the Africa Intelligence article, or another one?
Agree. It’s seemed beyond Rupert’s reach. GSM could really be strategic investors if they get this through and funded.
I don't believe OCP are anywhere near having a mine ready despite the recent news articles. There isn't even a JORC resource for their blocks as things stand.
In the last RNS Graham mentioned that the revised EIA went in 'early' April.
I have seen a diagram of the appeal process which states a decision in 90 days, so that takes us to Mid July for a decision if they make EML wait.
That is 'if' the CRUI are treating it as an appeal.
Agree with Sloppy over GSM's involvement, these guys are serious players & Mark Zhou (GSM), in a recent article claimed he was backing the Khemisset mine in which he qualifies as being 'exceptional'
The counter to that is why award the mining licence in the first instance. Also National could have killed this at appeal but chose not to. My view is they have empowered Regions (CRUI) to be the ultimate decision makers hence have pushed back for reconsideration. What we don't know however is, in the event of rejection again, has to the right of appeal been exhausted.
The other to point to consider is an approval subject to water limits inherent within KMP scoping study could make the cost of obtaining finance prohibitive given the change in the risk profile. My instincts are that either CRUI are going to defer a decision pending further KMP testing or it gets approved subject to..... and then shifts the onus on to the funders to request the same evidence of commercial viability (KMP).
One consolation is that having GSM as strategic partners with a significant stake the MA are not just dealing with a UK minnow but a global operation with deep pockets, contacts and an ability to bring sizeable investment capital to the region; not to mention the willingness to challenge and publicise any skulduggery.
OCP is the worlds largest fertiliser company. It made 3.4 billion dollars in the first half of 2023. its at advanced stages of producing its own potash.
Why would they sign Emmerson off ?