Emmerson NPV (EML)

Sector:

Alternative Investment Instruments

Index:

FTSE AIM All-Share

9.50p
   
  • Change Today:
      0.45p
  • 52 Week High: 9.90
  • 52 Week Low: 5.05
  • Currency: UK Pounds
  • Shares Issued: 915.46m
  • Volume: 3,753,586
  • Market Cap: £86.97m

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Emmerson moves to pre-construction at Khemisset

By Josh White

Date: Thursday 02 Dec 2021

LONDON (ShareCast) - (Sharecast News) - Morocco-focussed potash developer Emmerson updated the market on progress at the Khemisset project on Thursday, as it moved into the pre-construction phase of development.
The AIM-traded firm said it had awarded the first basic engineering contract to Barr Engineering for the mineral processing facility, on-time and within budget.

It said the contract was prioritised to address the project's "critical path" focussed on achieving first production in early 2024.

Emmerson said it expected to select the further contractors for the balance of basic engineering before the end of the year, signing contracts by the end of January.

"The financing deal we secured with GSM and GQC included an upfront cash injection so that we could advance the next stage of the project's development, the basic engineering," said chief executive officer Graham Clarke.

"This is part of the upfront capital expenditure, rather than an additional cost, and moves us firmly into the pre-construction phase."

Clarke said that, having already signed the contract with Barr Engineering for the mineral processing facility, the company also received bids for the balance of the basic engineering aspects of the project, comprising highways connection and site access, portal and declines, mine site infrastructure, tailings storage facility, electrical power, and water.

"We expect to be able to sign contracts for these before the end of January 2022 so that this work can be dual tracked with the due diligence phase of the lending banks syndicate."

At 1400 GMT, shares in Emmerson were down 3.91% at 6.2p.

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Emmerson NPV Market Data

Currency UK Pounds
Share Price 9.50p
Change Today 0.45p
% Change 4.97 %
52 Week High 9.90
52 Week Low 5.05
Volume 3,753,586
Shares Issued 915.46m
Market Cap £86.97m

Emmerson NPV Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.52% below the market average45.52% below the market average45.52% below the market average45.52% below the market average45.52% below the market average
93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average
Price Trend
94.58% above the market average94.58% above the market average94.58% above the market average94.58% above the market average94.58% above the market average
96.72% above the sector average96.72% above the sector average96.72% above the sector average96.72% above the sector average96.72% above the sector average
Income Not Available
Growth Not Available

Emmerson NPV Dividends

No dividends found

Trades for 20-May-2022

Time Volume / Share Price
16:26 300,000 @ 9.50p
16:25 140 @ 9.60p
16:25 42,000 @ 9.50p
14:38 250,000 @ 9.42p
16:09 33,000 @ 9.41p

Emmerson NPV Key Personnel

Finance Director Robert Wrixon
CEO Graham Clarke

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