Emed Mining Share Discussion Threads

[mronions] 30/12/2014 10:41

project finance post permits end Jan

[wanderer1210_0] 30/12/2014 10:38

Taking a pummelling today, sellers all cashing in

[langostino] 30/12/2014 10:26

I can think of no parallel where three independent companies of roughly equal holding weight share total ownership of a subsidiary. The ability to freely buy and sell in the market and to introduce new shareholders and raise capital for expansion with independent directors would be essential. The alternative would be three rats in a sack and untenable corporate strife.
The only way Emed would leave the market is through takeover by a private company.
BTW, was interesting that rns stated loan was from the three 'cornerstone' investors but did not specify in what proportions.

[scrappycat] 30/12/2014 10:17

With sole ownership, delisting has attractions. With multiple large shareholders, there are considerable disadvantages to delisting. The cost is peanuts in the scheme of things. IMHO, for the reasons I have posted previously, EMED is not going to delist.

[mronions] 30/12/2014 10:15

why are people still talking about placements?!

first you have been blabbing about an emergency placement for cash to cover us now ... and we got a unsecured loan ...

we are working on project finance with draw down IMO

also getting fed up with the beg brigade who keep ranting we are running out of money , well we are ramping up spending as full stem ahead on spending now to get mine into production

[cufes2] 30/12/2014 10:14

Because it's a possibility with three major shareholders who appear to be working together and who are in de facto control of the company IMHO . . .

[rich1e] 30/12/2014 10:12

CuFe "the mere threat of de-listing would probably result in a glut of PI shares in the market as they wouldn't want to own shares in an unlisted company": and yet here we are talking about the threat of de-listing. How did that come about?

[cufes2] 30/12/2014 10:05

Average listing costs are about £100k per year ( ). . . there is a lot less red tape for companies that are used to doing as they please without consulting shareholders . . . the mere threat of de-listing would probably result in a glut of PI shares in the market as they wouldn't want to own shares in an unlisted company . . . the three major shareholders would be unlikely to sell their shares in the open market due to liquidity . . . the major benefit of an AIM listing is access to capital and they won't need capital if funded by the three major shareholders . . .

[pawsche] 30/12/2014 10:00

CuFe - I agree regarding the benefits of de-listing, but if it were up to me should I be in the position of one of "The Three" I'd be quite wary of doing it. IMHO the three are probably not "buddies" and probably have limited trust in each other, so should one, for some reason, decide to bail out of the private company it's largely at the mercy of the other two. As long as there's a market option available there's a way out - or perversely, a "blackmail" option. So I'd be quite surprised if they took it private.

Re the latest RNS - sure it doesn't say much, but at least it says something... Far too much of the lunacy on this and other BBs has been a result of us all operating in the dark, allowing speculative ideas to gain a truly unwarranted substance.

[paulie1] 30/12/2014 09:57

Cheers glad for the debate

[laurence llewelyn binliner] 30/12/2014 09:56

Chalcopyrite, the listing fees for AIM are small beans chap, <£40K a year..
Altho' I accept that fully funded, it's unlikely the BOD will need to tap the market again.

[rich1e] 30/12/2014 09:53

Do they need to save on listing costs? How much less red tape? They can buy shares from PI's anytime they chose. Do they have more to lose by being locked into an unlisted company with no quoted share price with parners they might be wary of, or want to oust in future? I can't see the benefit of any such arrangement to them.

[paulie1] 30/12/2014 09:40

Yeh true just noticed it mentioned more and more that's all

[deme1] 30/12/2014 09:39

One of the three! Everyone has a price.
We are talking about a mine with a +20 year life.
Holding possibly the same amount that has been mined!
This is a mammoth project with many secrets to give up IMO
That is why i am invested :)

[cufes2] 30/12/2014 09:38

frogkid

Saving on listing costs, less red tape and the potential opportunity to buy shares off PIs if it were to happen . . . it is speculation on my part but does have benefits for the three major shareholders IMHO . . .

[cufes2] 30/12/2014 09:36

Who is going to buy EMED when the three major shareholders appear to have come to an agreement to provide ongoing finance . . .

[frogkid] 30/12/2014 09:36

What would be the point of taking private ?

[deme1] 30/12/2014 09:34

Is there a lot of talk about them taking it private? i have noticed one maybe two posters mention it.
This will end with either EMED's name above the door of a buyout of some sort.
Either way we will all do alright - if you average under 15p :)

[paulie1] 30/12/2014 09:29

There is a lot of talk about taking it private

[wanderer1210_0] 30/12/2014 09:12

MDSThe spread was huge so no surprise the ask as dropped. 5,6 are sells and the 5.8 are buys from this morning. Nothing fishy going on IMO

[mds2028] 30/12/2014 09:09

LOL see the big sells have kicked to keep the price close to the conversion dilution price. You really would like to think the Regulators would put a stop to this type of manipulating, good old casino AIM!

[acamas] 30/12/2014 09:07

Good morning

With reference to the last RNS we are dealing with public servants in Madrid and they are probably thin on the ground right now due to the festive season by the time they return to their desks and the work in the in trays gets signed off it will be mid to late January. Well that is my take on why the Junta and AL are saying end January as latest for the expected release of those outstanding permits.

[cufes2] 30/12/2014 08:57

Pure speculation on my part . . . putting myself in the shoes of the major shareholders I would think a placing in the region of 5-7p with permits . . . this will dilute PIs, significantly increase the shareholding of the big three and keep the lions share of any future dividends "in-house" . . . they may carve up the resource with more off take agreements . . . if their combined shareholding goes over 75% then I think they will eventually de-list the company . . . all of the big three are private companies and an AIM listing adds no value for them IMHO . . . obviously I haven't got my rose tinted specs on today . . .

[mds2028] 30/12/2014 08:51

Tedby for what its worth I think all of the outstanding trenche at 5-7p with the rest of the required finance as a loan from our ii's against more off take arrangement. For me the deal is done already we just await MP now.