Emed Mining Share Discussion Threads

[mcluvin] 05/1/2015 19:09

Putting Harry back on the board would be a terrible idea, counter productive to progress. It has been previously reported that when IQ/AL took over Harry had a bad relationship with the junta, hence he got the boot. BW would argue against this of course but his supercilious posts have since been proved to be completely inaccurate. Was he being paid? At his own admittance he was paid expenses to go to an investor show and man the EMED stand so that tells you something.

[deme1] 05/1/2015 18:59

Also the buy price had trickled down through the day which to me suggested a big sell order was being filled.

[duchaf] 05/1/2015 18:30

Difficult to tell the motivation ('buy' vs 'sell') with a large trade, especially logged after hours. Excellent price for a straight sell of that size, OTOH a good (very good) broker might have been able to manage that price for a buy (also would have been an excellent price)...

But on balance, looks more sell-side.

[deme1] 05/1/2015 18:18

Defo not a buy lanty33

5.125 is the lowest trade price seen all day.
Was a sell in my eyes although i am surprised it was not executed at the lower end due to the size i.e 5p

[lanty33] 05/1/2015 18:15

Seems a buy.

[lanty33] 05/1/2015 18:15

Sell or buy?

[duchaf] 05/1/2015 17:58

500K trade logged after the close @ 5.125

[paulie1] 05/1/2015 17:52

Ok so the quiet approach was proved rubbish then. Seriously do you think bookworm was paid to post? I had moved on but that's awful if it was true.

[wanderer1210_0] 05/1/2015 17:39

I think Harry could not legally take a position on the BOD as he is the current CEO of Kefi which EMED hold a stake in

[plasybryn] 05/1/2015 17:28

I would prefer a fresh start with fresh names. Harry is linked to the past & baggage we need to forget.
I suspect The Junta would prefer the Board to be all Spanish speaking & I think that is right also.
Is there any local news on the ground of the "fanfare" event?
Must surely leak soon.
Incidentally, I am delighted to see Alberto taking on a proactive PR role.
He has only been in the role days and is already putting the EMED story about.
The old team seemed frighten of PR which was another mistake.
I hope Alberto takes every opportunity to continue spreading the word that we are on the cusp of being authorised to mine and will be in production later this year.

[sunar] 05/1/2015 16:48

If we are going to offered BoD representative all my votes go to HAA. It would be great to see him back defending his interests as a former CEO and I hope still holder of high number of shares.

[scrappycat] 05/1/2015 16:25

Frogkid,

Lol. Thanks. I thought I might have missed something.

[langostino] 05/1/2015 16:23

Bw's posts were pure manipulation. Take out the ever more exaggerated and inventive claims of Dirty Tricks and there was nothing there. It was just one long and tedious excuse for the company failings. Al has publicly recognised that mistakes were made and has moved on. Why on earth would we want to revisit bw's glory days of ERE, legacy issues and plucky locals, who mostly had the good sense to realise the mine would never open until the old foot-in-mouth management was swept away - and long before the penny dropped with most posters here.

[husbod] 05/1/2015 15:35

Frog - have a tick for brevity and incisiveness.

[melmar777] 05/1/2015 15:33

My guess is Bookworm no longer posts because he's no longer paid due to changes at board level.....just a guess ;-)

[mds2028] 05/1/2015 15:17

you may be right Mcluvin, shame though.

we need volume Paulie and I don't see that coming until MP and finance is presented, then hopefully whoosh to 9-12p before bouncing around until first production is sold and resource updates

[paulie1] 05/1/2015 14:59

I don't care! What we want to see this year is a slow steady rise with don't volume would help!

[mcluvin] 05/1/2015 14:55

MDS, suspect he's nursing his bruised ego.

[scrappycat] 05/1/2015 14:28

I rarely comment on share price, but I have to say, given the recent public announcements, that this appears to be a stonking buy at the current level, short or long term. I wish I had some more cash to invest in this, but I am maxed out - in common with many others I suspect.

No advice intended, simply an opinion.

[scrappycat] 05/1/2015 14:07

MDS,

I realise that, but I referred to the current situation - presumably that was the position referred to in the quote. We have no idea on how much of the funding will rely on equity, how much on debt financing. For all we know, we could be back to a significant level - even total (though highly unlikely I admit) - of debt funding. In addition, there is the question of whether or not other large investors may be involved - simply because they anticipate a healthy increase in the share price, and dividends, not necessarily for offtake..

That such representation on the Board is even under consideration is intriguing

[husbod] 05/1/2015 13:36

Let's look at van's post logically in the context of cuf's confirmation of the amount of cash held by Traf and then think about the implications for the share price

So, upon the assumption that Van is correct about the placing at 7p which, given that Van has ben proved right far more than he has been wrong, is, I think a fair working assumption.

So, why would traf be happy with a 7p placing when it could profitably fund the whole project start up out of petty cash at a rate of interest that would be equal to or less than that available from main line lenders.

Because dear fellow posters it sees considerably greater benefit in holding more shares in the company ergo it expects to see an share price materially higher than 7p and indeed materially higher than 9p being it's original entry price.

Presumably though they and the other two major shareholders will only participate in the rights issue to the extent necessary to retain their current level of share ownership so as to avoid going over the threshold which will require them to lodge a formal bid for the company. This in turn means that other Institutional shareholders will have to mop up the rest of the new shares and if they do so at 7p it means they too are convinced that there is considerable potential upside to the share price

Happy days?

[scrappycat] 05/1/2015 12:12

Frogkid,

How did you arrive at the 60% figure? I understand that Traf hold c19.5% , XGC c14.5% and Orion c12.5%. This equates to c46.5% between them currently, not 60%.