Emed Mining Share Discussion Threads

[lost horizon] 29/12/2014 11:14

Hi MDS

Lots of good ideas to think about in your post. "We have a bridge loan because they know IQ failed." Or do we have a bridge loan because the permits still haven't turned up and it clears uncertainty for the next few weeks until they arrive?

"... then in September we will get up grade news on the various areas that can deliver resource up grades for us." Do you have a particular reason for naming September for upgrades or is it an educated guess?

"If there is good news coming lets hope the good news flows when all the market is properly back 😊" Yes - this company has a frustrating knack for burying good news. This could change under AL.

GL

[rich1e] 29/12/2014 11:01

Today, Jan 13th, who knows MDS? Not far away either way. If it's Jan. I'm sure we can both agree that we might get another 20% rise under our belts by then.

[mds2028] 29/12/2014 10:38

I don't see it myself Richie, never underestimate the laziness of the Spanish junta. Nothing until they are all back from holiday and have spent two days telling each other what they got up to over Xmas. My money is around the 13th.

[pawsche] 29/12/2014 10:12

According to Hargreaves Lansdown this morning:

Miners were leading early gains. On Sunday, Xinhua News reported on new regulations from China's central bank which in effect would relax the rules for the calculation of banks' deposits while at the same time waiving some reserve requirements.

... every little helps. :-)

[rich1e] 29/12/2014 09:55

MDS don't be afraid. We could, after all, get news before the day's out; as they proved the other day. GLA

[mds2028] 29/12/2014 09:43

I don't see news until mid January, I'm afraid. We have a bridge loan because they know IQ failed. The junta were very careful in their wording, at no point did they say MP by the end of the year. What they did say was the. Program would remain on track, they knew all along permits would be sometime before the date they gave of 8th February. Price will float around until both MP and finance announced. My guess is the rest of the available equity will be split between big 3 @ 5-7p then loans against off take agreements for the life time. Of the mine, again evenly split between the 3. Then we can start to rise to where we should be and wait for AL to delivery production on time (which he will as he is a cracking chap), then in September we will get up grade news on the various areas that can deliver resource up grades for us. SR 12-18p will be a year or two late but that is where I hope to see us this time next year. If not sooner if those resource up grades are particularly good.
If there is good news coming lets hope the good news flows when all the market is properly back 😊 , lets not forget the junta wont be in full swing until the 12th in reality

[rich1e] 29/12/2014 09:37

It could be either, traded at 8:15. The key might be that, following that, the share price rose 4% rather than fell.

[wanderer1210_0] 29/12/2014 09:22

Looks like a sell, but it's all history now.

[acamas] 29/12/2014 09:21

A 1 million sell to place the brakes on the rise in the sp? Are there any brave buyers about to turn this into a contest?

[wanderer1210_0] 29/12/2014 09:20

As I say I think the deal is done circa 5p, I would like to think that the big three want everyone on-side now, and a big discount equity raising is not what they physiologically want but I agree they can control the price they pay

[deme1] 29/12/2014 09:16

1 mil trade - not mine honest lol

[wanderer1210_0] 29/12/2014 09:16

Fools GoldI would hate to think we have turned into a David Lenigas company.

[cufes2] 29/12/2014 09:14

Wanderer

If the share price rises why would the major shareholddrrs have to pay more . . . Surely they can pay whatever price they want effectively . . .

[lost horizon] 29/12/2014 08:51

Hi lango

Thanks for your answer. I should have asked you straight out sooner.

LH

[rich1e] 29/12/2014 08:45

It's good to see some lively trading so far, holiday period and all that.

[lost horizon] 29/12/2014 08:44

Hi wanderer

I share your high opinion of AL. IMHO he is a different kettle of fish and could turn out to be the best thing to happen since all this started.

The reason I post is usually to help work out something that is puzzling me, and sometimes that means poking the nest with a stick to see what comes out to bite me. In between getting stung a few times, somebody usually says something that clicks the ol' brain into gear.

IMHO there is enough information flying around to be able to build up a fair picture of things, and TBH I am more optimistic than I felt on the evening of the RNS. I started out thinking the worst but the picture is more rosy that that - more 'nuanced' as you, cufe or lango called it.

Thanks for all your comments.

[wanderer1210_0] 29/12/2014 08:44

TedMy feeling is finance as been sorted. The reasoning is that Traf and the others will not want the share price to gather steam and pay more for their equity. GLM

[tedoby2] 29/12/2014 08:38

wanderer can I ask what you're anticipating a finance based RNS to say and if you're still expecting one to be issued soon?

I was hoping we might hear permitting news first. Via the Junta if course (lol)

GLA

[wanderer1210_0] 29/12/2014 08:25

A wonderful sea of blue, so far the lid as been kept on, not for much longer at this rate though

[deme1] 29/12/2014 07:45

Heres hoping i can get more in the 5p range :0

I expect more news this week and big news at that.

GLA

EDIT

Got me some more :)
PS breaking every rule in my investing strategy DOH

[ruvic] 29/12/2014 02:01

Wasn't he the one who "canceled" that GS finance deal coz he had a better deal out there?....like 3billion shares at 5pc and no debt....

[mronions] 29/12/2014 01:45

the board had gone through changes inline with landmark decisions : AS, Harry left to hand over Spanish team ; IQ cos he could not deliver Glencore ; and now because Trafigura are members of team. Estienne I hope you are wrong , but you should exit quick . I continue to believe !

[paulie1] 29/12/2014 01:03

Quite simply on the 22nd dec he didn't know he was going

[paulie1] 29/12/2014 01:02

When he announced the Eastern Europe gold thing. Do you think that was an rns from a man who knew he was going. He did sod all for us

[wanderer1210_0] 28/12/2014 22:17

Also amusing was Share Prophets head-line "trafigura-gives-30m-loan-and-boots-out-useless-directors-hooray"