Welcome back Ddzx.Yes we do have a mutual friend Speculator101.I...

Welcome back Ddzx.

Yes we do have a mutual friend Speculator101.

I am not sure how much our mining license will be Speculator101 but here is my post after the last meeting about the license. See my post 8160026 in June 2012:

"ELM directors had a meeting about a month ago with the top brass in the ROC government for mining, including the minister for mines. VERY cooperative, they are keen to put the setbacks of Mag Industries behind them and they see ELM's project as a massive asset for the country and will do whatever it takes to fast track it. They said that they will have all the mining permits ready upon release of the BFS. Mining permits can be a source of delay and frustration for many developers. Also, they want full production bought forward by 1 year. very keen. They also see Tchibouti as a hub for a much bigger potash operation for the entire congolese basin in the future which ELM will be able to take advantage of."

Just my opinion but I think Bill Doyle is very worried about losing his 25% share of the potash market. Recently, he arrogantly said words to the effect that there would be no new potash producer entrants into the market for a very long time.

If Jansen gets up, BHP will crush Potash corp imo. They won't be joining any cartels and that project will have a very low OPEX. BHP will teach Potash Corp a big lesson imo.

Bill Doyle is trying to get more access to the Chinese and Indian markets per the following article but those governments are getting smarter because their state owned enterprises are investing in developers now to secure future Potash sources as they are sick of being held to ransom by Canpotex.

Is a Potash Rebound around the corner

Also, Speculator101 check out the latest September presentation on ELM's website. Our OPEX will be the lowest and our CAPEX will be the lowest per tonne after infrastructure deals are done to which EOI's are already signed) and our shipping savings as well.

So now it all comes down to whether Iain Macpherson and his team can pull a rabbit out of the hat and secure a Strategic partner. I wonder which Private Equity firms are looking to invest, if any? If he can't get us over the line, I bet Pala will take us out, they are just waiting like a patient wolf. Right now I reckon Jan Castro would be doing his numbers. Elm has 243 million shares. Wait for the thing to completely capitulate and then takeover the whole company at say 60 cents. What a steal. He could get a $1 billion+ company for under $150 million if management can't get us over the line.