Emed Mining Share Discussion Threads

[lucky punter] 06/10/2015 22:55

Acamas I bought many at 4.75p but since have bought as low as 3.53p and most recently at 3.62 and 3.63p. My average is below 4p and I am very happy with my holding. I would like the share price to stay here for a bit longer but it can not last much longer before the inevitable rise on profit disclosure.

I do not regret one share that I have bought; I always accumulate slowly for just this reason. The buys at 4.75p were very worthwhile as some of my cash has transformed Emed from a cash strapped loser for dreamers to a cash generating winner. Unfortunately some of the dreamers are still here.

[acamas] 06/10/2015 18:01

As I recall it at the time of the most recent placing of 4.75p the general tone of his posts was that the II's wanted more shares at a discounted price but they were not going to get it because AL was looking after the small investor as well in the placing. LP was buying at around 4.75p because he felt that was the gutter no lower to go. Here we are at least 1p lower which as a percentage drop is significant. Based on the above I would say LP has scored an own goal and got his reading of the vibes wrong at the time of the most recent placing.

I am sure he will tell a different story

[waterloo01] 06/10/2015 17:37

PI's aren't, far from it. II's like some PI action as it keeps some volatility. LP is talking rubbish on this score.

[acamas] 06/10/2015 17:30

That is what I fail to understand us PI's are no threat to the II's and we hold so little of the capital in total. We should be able to co-exist without ruffling the feathers of the big boys or for us to come up on their radar

[cufes2] 06/10/2015 17:21

LMAO . . . I see lucky punter is the self appointed adjudicator of who is a fit and proper person to invest in EMED . . .

[mds2028] 06/10/2015 16:06

agreed Acamas

[mds2028] 06/10/2015 16:05

is that your advice to every shareholder that openly challenges the weaknesses and mistakes made by the company they are invested in, if so I don't think there would be any companies we could invest in, as there is no such things as a perfect company.

But you're soooo wise LP if you think my money will not grow over the next 5 years invested in EMED (like I do) maybe I should take your advise as you have proven yourself to be such a nice chap on this BB with an open heart LOL

[acamas] 06/10/2015 15:54

I think our biggest ball and chain is being part of AIM we need a promotion to say a FTSE ranking where pension funds and trusts will have us on their radar and start to trade us actively.

[zangdook] 06/10/2015 15:25

"MDS it is always said that the city will not touch penny stocks, hence consolidation at this stage."

Lots of things are said, but they're not true.

[lucky punter] 06/10/2015 15:14

MDS why not sell; you do not need to be here.

[mds2028] 06/10/2015 14:57

a good repost charlieeee

share options are only taken up when they are in profit and when the holder wishes to action, at the moment he hasn't paid a penny for those options and they simply don't count. options are just a bonus for management to remain focussed on delivering share performance.

consolidation would be wise next year, when the share price won't drop immediately it is actioned. Funds will not touch is until we are producing and the 'sentiment' towards CU has changed.
Consolidating next year when openly in profit and targeting the FTSE350 would have been logical. Unfortunately our advisors need there xmas bonuses and saw an opportunity.

Husbod the share price situation has everything to do with the CEO, dreadful communications, ammortorish RNS's, resource updates expected in May then nothing and not even a date when we will be informed in what he knows and some of our iii's also know. Wasting money on consolidation that will drop the share price even further. LTH leaving has been because of these factors fact, without these factors they wouldn't have left and so the buyers would have had to pay more for their stock, fact.

The share price will rise when they start communicating the good news, I totally understand that this is now being held back due to rebranding of the titanic, but unless the communication style changes the 'sentiment' will not change until divi's our announced.

My expectations are very low and I am now looking two years out until we start to see share price movement

[husbod] 06/10/2015 14:12

Agree charlieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee.

Whatever the problems with the share price they have nothing to do with the CEO. I for one am very happy with the way things have gone on site over the last six months.

I also think the consolidation was inevitable and although there will almost certainly be a re-trace to some degree in the immediate aftermath, unless it is accompanied by hugely positive other annnouncements, it should work to our benefit in the medium term.

[charlieeee] 06/10/2015 14:03

LLB

Wholly agree with your post: they had got up to 50% capacity in just over a month of commissioning and in this further month should now be nearing capacity.

MDS it is always said that the city will not touch penny stocks, hence consolidation at this stage.

As for your final paragraph, that is wholly misleading.

"We know Al is not good with finances, he hadn't saved enough money to pay his own tax bill, hence he has been unable to invest himself in EMED (or that's the reason he is giving, why after one year as CEO he's not invested £0.05 into the company). So knowing he isn't good with finances".

AL's grasp of the company finances is superb: he carries every precise detail of the plan and cash flow in his head.

He DOES have the money for his tax bill, but he cannot spend the money twice!

He DID buy shares: 1 million back in 2014 (in addition to the 2m share options at par and at the 6m options at 12p).

Both his financial and engineering skills are hallmarked with the same logic, clarity and precision: indeed, many on here have come round to the view that the non-debt route and raising for the next phase were prescient: inspired financial decision making in a truly dreadful market, that found the short cut to profitability. I disagree fundamentally with some of his decisions, but I am not blind to his obvious ability in more than just the engineering sphere.

C

[mds2028] 06/10/2015 11:54

oh I wonder what 10% I got right in your eyes LP LOL

'Of course the current climate is not conducive but they should try anyway.'
what a statement, why should they try when the sector is out of favour, they shouldn't, yet again our CEO isn't focusing on the right things and is wasting his time which you seem to even admit.

Name change is worthwhile, resource update is what he should be putting his energy into and telling us month on month production progress.

Not wasting time seeing investors we don't need or consolidating.
But each CEO has there mistakes and weaknesses, we are blessed that he is good at what he was firstly employed to do and that is what he actually is good at and thats opening mines and getting them into production.

[frogkid] 06/10/2015 11:35

I think you completely missed my point LP, it was a subtle play on the words "ramp" and "up". Never mind get back to class, break time is over.

[lucky punter] 06/10/2015 10:50

Copper warehouse levels continue to fall

Warehouse stocks fell a net 5,375 tonnes to 312,225 tonnes, a fresh low since late-June

[lucky punter] 06/10/2015 09:52

MDS if new sellers are found and new buyers are found the liquidity does not change; it remains poor. However the goal of removing the weak holder is achieved. The company is investing virtually no effort in the micro shareholders that populate this billboard.
The benefits of a well informed shareholder base is that they fully understand the long term potential of the company and the structure of the future. They are not looking to approve liquidity just for liquidity to allow new holders on board. These are the very holders that 905 of the recent intense promotion has been aimed at. Of course the current climate is not conducive but they should try anyway.
It is nonsense to say that our II's are not interested in dividends. Of course they are; even those with offtakes need to have a return on investment and that is dividends. The offtake is about guaranteeing supply. The offtakes are not discounted beyond anything else they could get anywhere else in the world.
Your post is 90% nonsense as normal.

[mds2028] 06/10/2015 09:28

LP could you please explain quote 'Volume is ridiculous and liquidity is tight; it would suit the company if there is selling through consolidation as it allows some larger better informed shareholders to enter.'

If 'larger informed' investors mop up the small PI's would that not produce a situation that the Volume and Liquidity would actually reduce? as surely as you say a 'larger better informed shareholder' wouldn't be selling as the story unfolds, and if the 'larger better informed shareholder' don't sell, then Volume and Liquidity would reduce, especially in light of the share consolidation.
I totally appreciate the 'trading' pocket money brigade has brought us down to these prices, but it will also be them who take us back up again, as investors invest into a company and its future, however they don't necessarily allow the share price to move.

I see no benefit in the share consolidation other than fat fees for our city advisors. Until we are targeting a FTSE350 entry we shouldn't have wasted time and money on the consolidation, without question the share price will drop. And with LP's inside information (which we can't rely on as such updates should be shared through RNS) it would seem we as shareholders will be starved of positive information until Dec / Jan, which could lift the share price back to the fund raising price.

LP I look forward to your explanation of the benefits of the 'larger better informed shareholder', as for me it defies all logic for the growth of the share price
As I have said before the share price will only grow on resource update (which has been smoke signalled to us as not being as good as AL portrayed back in May) and dividend pay outs which are at least two years away.
Our III's aren't interested in divi's just their discounted Off takes, which is why they are spending the money on upgrades before we have stabilised the business financially at 5MTPA. If copper doesn't stabilise at the right price we will have to raise money again, that is the gamble the iii's are taking as it doesn't matter to them, it will only dilute the return for PI's not them with their discounted Off takes.

We know Al is not good with finances, he hadn't saved enough money to pay his own tax bill, hence he has been unable to invest himself in EMED (or that's the reason he is giving, why after one year as CEO he's not invested £0.05 into the company). So knowing he isn't good with finances, it isn't surprising he has gone ahead with the iii's gamble to get us to 9.5MTPA to deliver them their discounted off takes, with the risk that we will have to raise money within the year.

[laurence llewelyn binliner] 06/10/2015 09:04

Perhaps the name change, and consolidation will be the catalyst for a fresh PR campaign, and a chance to see what 4C can do, they have been very quiet so far..

I have reservations about a consolidation, I've seen it so many times on an AIM stock, and the share price usually drifts, but if we hit the market as Atalya, with some decent news that we are in 5MTPA production, perhaps a resource upgrade, with a new website, and with a comprehensive PR campaign, it could run start to run upwards..

We won't buck the trend I doubt, and making proper money depends 100% on the copper price now we are fully permitted, fully funded.

It's all to play for now..!

[lucky punter] 06/10/2015 08:28

LLB I think I have already alluded to my thoughts on that. They will report normalisation in December/January; that is what they call commercial production.
Right now they are promoting Atalaya to the City. Clearly with this share so illiquid, no chance of more shares being issued and no chance of our major shareholders selling any there is a bit of an issue. I suspect the company are happy to starve the market of an update for now as they head through change.
I suspect a few tidal shareholders control the share price movement right now. Volume is ridiculous and liquidity is tight; it would suit the company if there is selling through consolidation as it allows some larger better informed shareholders to enter. After all the consolidation and the bulk of the recent promotion has been aimed at a better informed investor.