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Emmerson Share Discussion Threads
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|I've started a new thread for WAFM. If anyone has any relevant info to add to the header please post a link. TIA.
|Epic WAFM now showing but no prices. WAFM shares credited to my sippdeal account|
|nice one Sky do yo advise buying as i have got burnt with a couple of new issues lately?|
1:5 Share Consolidation & Change of Name to West African Minerals Corporation
EPIC will be WAFM from next Monday.|
|Early in the New Year and then it's off to the races!|
|thoughts on when the share suspension will be lifted?|
|The point I was making was that the prior announcement triggered a 25% drop in share price which allowed the vendors (ie Dattels & Mellon) to pick up 25% more shares for their money. Entirely innocent of course.|
|wiseacre: Is that fair? Not done anything wrong have they and as long as the deal creates shareholder in time, good luck to them that bring it on.|
|As I said on 24 November the announcement on the licence in CAR didn't amount to anything and looks like market manipulation to allow the inter party transaction to be done at a lower price. It stinks.|
|Well, at least they've set the warrants for conversion @ 4.88p - so over time they must anticipate growth.
Also the acquisition does tie in Dattels & Mellon in a far more significant way that hitherto. Haven't done the maths, but I suspect they are now each going to be holding 20%-30% of EML.|
|even iron producers with money in the bank and about to make a profit struggle getting buyers in this market. Just look at LIM on TSX|
|I wonder what the future will be now?.|
|The asset in question (in the Central African Republic) doesn't amount to a row of beans and the little local difficulty can probably be ironed out. Of far more significance are Ferrum's other interests in Cameroon and Sierra Leone. Bearing in mind that Dattels and Mellon participated recently in a private placement at 2p the fall in today's share price looks like a buying opportunity not many are interested in buying anything in this market|
|Anyone can guess what has taken place - some under table stuff or a genuine oversight and beaten to the post. Even if they get the license there is a worrying option for the authorities to increase future tax take to get some of the riches for the population. Have a real problem trusting any African development and soo it needs a big risk premium.|
|maybe the directors want to buy a load more at lower prices, sorry, just being cynical
it may be a cracking buy though, can't see jim mellon messing up|
|SD: could do better springs to mind.|
|There's a bit of a money trail from EML to Ferrum to GMC (Guernsey). The cash used was for new share subs, so may not actually have been spent. Difficult to ascertain. Hopefully the next RNS will elucidate...|
|Depressingly familiar news from companies trading in Africa - or for that matter most countries which weren't shaded pink on old maps!
Seriously, to get this back on track pronto, Stephen Dattels will need to hasten down there with a satchel full of Greenbacks for the Mining Minister.
SD is very well experienced in such matters, so I'm hopeful that he will be able to intervene; and if not, then get our money back from the vendor.
|Ferrum chasing license still, good luck to them.
No license = very little value in Ferrum imho.|
|what could be the next news?|
|think it's time to add this one imo|
|Some news in the offing maybe?|
|Well, well, well.....a little bit of buying yesterday; followed through today and now no longer on Offer @ 2.0p|
|wiseacre - read the recent RNSs - they did have cash of 2.71p/share; but that was mainly spent acquiring the Ferrum Resources stake. Looks to be a cracking deal; however they are no longer a cash shell.|