Emed Mining Share Discussion Threads

[charlieeee] 30/9/2015 17:11

Well, that is simply projection, LP.

You do not like other small investors here and so it pleases you to attribute those same sentiments to the BOD.

At this moment in time, it would be a foolish company indeed that willfully alienated any shareholders, big or little and there is simply no evidence that we are being exterminated by anything other than our own fears (for the most part, external rather than internal factors).

Whilst I am not a fan of consolidation, I can see that it will enable smaller price movements, instead of lurching up and down by half a pence, which translates to a ridiculous %. In the current market, it is difficult to predict whether that will be beneficial or not, but if copper was to start recovering, it would enable us to track it more accurately: this is, after all a day to day reality for the company now.

C

[cufes2] 30/9/2015 15:56

Yep, hence the caveat . . .

[zangdook] 30/9/2015 14:07

Remember Rurelec, they expected a compensation award...won a compensation award...but it was much less than they expected. Lots of greedy punters lost out.

[cufes2] 30/9/2015 13:09

Since there is nothing happening here ATM anyone who bought / traded OXS after I mentioned it here previously and doubled their money may want to read the RNS today and look at the chart . . . Very high risk high reward opportunity IMHO . . . Obviously you could lose all your stake . . .

[scrappycat] 30/9/2015 12:55

Frankly, I see the consolidation as a necessary precursor to a full main board listing. I doubt any of the major shareholders, or the company, see anything other than this as the future.

Out time will come. IMHO, we are near the nadir of the doom and gloom scenarios in the metals market. Reductions in supply, plus the increasing demands as the world's population continues to grow, will ensure an increasing demand. EMED will surely be well positioned to take advantage of this.

The small volumes in recent weeks do suggest that there are PIs who are selling in an effort to find a more responsive home for their money. I haven't sold any, but neither have I bought any. There are many more active shares around to play with currently.

[777mason] 30/9/2015 12:55

i think most of those on here forget that for years they were saying share price won’t go because we’re waiting for this permit or that permit now we have all permit, what it to do with now ? It to do with better reflects the Company's primary focus, change of name or number of Ordinary Shares that are in issue to a level more in line with comparable AIM and TSX listed companies. The Directors believe that the Consolidation may improve the liquidity and marketability of Ordinary Shares to a wider range of investors, including institutional investors.
But 5/7 months back when we were selling 7 million + a day the price was going down??
This is happening throughout the market so I’m not pulling this out the bag that why institutional investors are not buying because very thing was oversold after 2007 the market has been rigged since then it been like a heart bet monitor .

[lucky punter] 30/9/2015 12:18

Husbod I am not sure where you go the idea that the board where doing that. I certainly never said that. The strategy is to attract institutional investors and city investors. That is a matter of record. The consolidation is to encourage that; that is a matter of record. I guess you need to ask yourself where they expect those shares to come from; clearly not from our major shareholders. Emed or rather Atalaya is entering a new phase and like it or not there is little room for the pleb micro holders that populate the AIM.

[loonio] 30/9/2015 12:16

Obviously Harry is still directing everything behind the scenes. Wake up & smell the coffee, Puntah!

[husbod] 30/9/2015 12:07

Well I've heard some conspiracy theories over the years but the suggestion that the Board are sitting around and manipulating the share price downwards to get rid of small shareholders, who are pretty unimportant anyway, is up there with the best.

Our share price is a function of the copper price, our failure over the years to deliver and the fact we are on AIM.

The first issue should sort itself out in the nearer future than some "experts" are predicting, the second issue is already resolved and as to the third who knows but if the expansion plans are successful we will not stay on Aim. There is no way that I am not going to graduate from an LTD to a VLTD (however you care to define a very long term holder) and I am a little surprised that me ol muckers like frog have left the lilypad.

[lucky punter] 30/9/2015 11:58

Harry has nothing to do with this, he is not part of Emed. The consolidation is simply part of the development strategy that will take Emed from a explorer/developer to a producer. The company have advisors who have walked this path many times. The share price can rise but right now it is controlled by just a handful of low value trades. That will change very soon; Emed are growing up some of the shareholders however are still in kindergarten.

[777mason] 30/9/2015 11:44

The way I see this, is it not the company or harry that wants the consolidation, to me it more about the traders MM. that solid naked shares that they never had, and have told the new emed board that this can never go up, as their losses would be to big so consolidated the company let pi take the loss and the company would be aloud too go forward.
This is happening on every share I have, as far as I’m concerned it the last buy I ever make in these markets.

[zangdook] 30/9/2015 11:37

I come here just to read punter's pearls of wisdom. I do hope someone gathers them up and makes a book. The Rubaiyat of Derek the Pig.

[lucky punter] 30/9/2015 11:20

Meanwhile Copper if flying today. Copper in concentrate is stockpiling onsite. The plant is now 80% efficient and profitability is very close.

Warehouse stocks declined a net 175 tonnes to 323,800 tonnes, while cancelled warrants jumped 28,200 tonnes to 80,850 tonnes.
A massive jump in cancelled warrants; of course this could be movement between warehouses but I suspect the actual demand and supply figures are more or less in balance.

[lucky punter] 30/9/2015 11:13

City investors will not sell on a 3% rise as substantial stakes are hard to come by. They will break this cycle that is holding the share price. I suspect we will see more large sells and buys over the next month or two. New money will not force the price up they will be trying to buy below 4p and will sit off rather than run it up. I hope we see this situation continue into the end of 2015 to meet my goals.

[frogkid] 30/9/2015 11:04

Well I m comfortable with my reduced position here so will now sit back and watch developmentsFrog

[chelsea101] 30/9/2015 10:48

Waterloo01, I just feel that we are now more or less at the bottom so losses will be minimal for anyone buying at the current price. There is plenty of upside once we become cash positive. LTH have different expectations and need the price to double or triple to break even so it could take a while before they are happy again.

[lucky punter] 30/9/2015 10:43

Waterloo as I said take it or leave it. Head in sand is a strategy some use to cope. Good luck

[waterloo01] 30/9/2015 10:34

Chelsea and on what evidence do you think that new PI buyers will moan any more/less than existing ones. If the share price does well, most will be talk bullishly, if it falls, most will complain.

[waterloo01] 30/9/2015 10:31

What a load of tosh LP re PI's. PI's currently have been the only ones trading, be that buys or sells and to suggest the BOD have some plan to reduce PI's (especially as there is scant evidence of II's buying) is plain stupid.

[chelsea101] 30/9/2015 10:31

Lucky Punter, although I disagree with many of your postings, in this instance you are right! Too many long term holders spend too much time harping on about what was promised many years ago by Harry and his team. This is very much a different Emed and anyone purchasing today is buying because at 3.75p, they think it's good value with plenty of upside. If the share reaches 10p and they sell, that will be a very good return. The current team are not responsible for LTH losses, it's time people took responsibility for their own actions. Nobody held a gun to anyone's head to force you to buy. I am a LTH and I blame nobody but myself for any loss I am currently sitting on. The moaners here need to look at what is says on the tin when buying any share and that clearly statea shares can go down as well as up. I am looking forward to the moaners selling up and moving on and new buyers showing a more positive attitude towards the new Emed.

[lucky punter] 30/9/2015 10:03

frogkid yes I suspect that to be the case. I see it as removing some dead wood that will only sell into any rise in the share price and replacing them with a more knowledgeable and less fickle shareholder base that will remain loyal in the future to receive the inevitable dividends. Makes good sense to me to remove these holders now whilst all the change is occurring. Take it or leave it but you have to ask yourself where they expect the shares to come from to fuel any interest drummed up in the city. It is for sure the major investors here are not going to scale back and they will not be issuing any new shares. The whole point of the consolidation is to attract new money from the city; it hardly attracts the smaller investor some of whom clearly did not even know what a consolidation was.
I like this strategy and it will benefit those who can see exactly what is going on here. Certainly if this public board is anything to go by the general awareness around the production cycle is low and a knowledgeable investor should be welcomed
I have no doubt the progress on site is advanced well beyond the information provided to the market. It is there for all to see; the site workers are a good source of information so there is nothing inside here.

[frogkid] 30/9/2015 09:44

Interesting post LP, so the strategy of our board is to deliberately drive out the loyal private investor? What an extraordinary idea and somewhat contrary to the remit of a board of directors .Frog

[mds2028] 30/9/2015 08:47

have we no feedback from yesterdays presentation, noticed there wasn't an RNS in the morning so I can only take it the presentation was teh usual which will have zero impact on the share price over the coming weeks, first product produced in July now we are early October, are they holding off the production update until after the name change?

Patience patience!

Sad to see yet another long term holder bail, we must be getting close to the point those that would consider selling, have all but gone. So when the interest does start to focus on us the share price rise could be very positive indeed, or just wishful thinking LOL.

Still here for the Divi's it just looks like they may be a year or 2 later than I had hoped.
I'm just hoping that with this big drive to give our iii's their off takes in volume, we want need to raise more cash because the lack of profit being made for covering running costs and the huge investment prematurely being spent on the site before known revenue is available for reinvestment.
I have a horrible feeling we will being seeing further dilution late spring early summer next year!

[laurence llewelyn binliner] 30/9/2015 08:17

Good article Iank73, and echo's a few other I've read, supply and demand will drive the price, the same as any other commodity.

It's a matter of when not if.., the question for any holder is how long are you prepared to watch it go down for, if there is a better alternative, or if, as a holder you can grin and bear it..

The timing will come our way I've little doubt as we ramp up in 16/17 from 7.5 to 9.5 MTPA, and the next commodity cycle with higher metal prices.

The ETF short positions are winding off now too, according to some of the bank strategists reports I've read, and this could help take the brakes off sooner rather than later.

Chilean grades are dropping too, and the earthquake has added to this to compound the supply drop off.