Emed Mining Share Discussion Threads

[iankn73] 30/9/2015 00:09

Interesting article re copper. I especially like the last paragraph.

"Copper, like all major commodities, is going through a period of transition. The concern is that in cutting back on investment, mining companies are creating an environment in which – within a few short years – demand once again begins to outstrip supply sending copper prices skyrocketing again."

[electricplug] 29/9/2015 21:20

Well, well, we haven;t heard from Lucky punter all day!!

[kingrolo] 29/9/2015 20:46

Trafigura in trouble - must be weighing on EMED price....

[bewise2] 29/9/2015 20:37

www.proactiveinvestors.co.uk/companies/news/111254/mining-capitals-second-event-was-buzzing-with-investors-and-company-newsflow-111254.html


"the company is expected to turn cash-positive fairly soon"

I've stuck with emed all these years ain't gonna take a financial loss and sell now because some pi's are spooked! Simple maths, mines with debt will fold like a house of cards, copper price will improve as the impact of this filters through. Imo even with all the turmoil emed is a safer play/haven than a lot of other miners out there!

[waterloo01] 29/9/2015 19:30

Capitulation of stale bulls at or near the bottom is classic stuff. I certainly hope you're timing is wrong. VISH65, you missed out revolution and earthquake, but get the point.

[langostino] 29/9/2015 18:55

I will be out by the end of the week. Just a few more to dump. Bye.

[vish65] 29/9/2015 18:46

Acamas - how about

1. Unstable/ unreliable production and recoveries.
2. Sustaining Capex
3. Lack of spares and spares availability
4. Strikes
5. Legal disputes (or any nature you can think of)
6. Poor drilling results / uneconomic resource
7. Adverse currency fluctuations
8. Cash surplus investment into new projects so no or delayed dividend payout.
9. Acqusition expansion through more shares issued.
10.Board fallout / mismanagement .
11. Industrial accident
12. Tailings leakage (with legal fines and interruption and repairs)
12. Freak weather (!)

Its not a case of all or some of them happening but on the balance of probability at least one will.

Its a long road with plenty of risks

As some others have posted the potential is there but whether holders will reap the rewards is much less clear.

[stompy jones] 29/9/2015 18:24

Acamas - what you're missing is a global commodity crisis and low prices for so long it won't make a profit for years but full marks for looking on the bright side.

[laurence llewelyn binliner] 29/9/2015 18:23

I's all down the price of copper now, after 5 years permitting here, the upside for us is we can survive with sub $2.00 copper, even @ $1.90, but as we ramp up we just won't be making much money, and there won't be any added value to the share price We do have a number of new potential resources, but unless the copper price upturns, we might as well just sit on them until it's value adding to start digging them up, there's little point to mining to break even and just keep the lights on and pay the wages.

With other global projects getting mothballed, sold off, grades dropping, this will sometime down the road result in a contraction on the supply side, which in turn will drive the price of copper, it's a matter of how long this takes to start to impact, 3,6,9,12 months..?, and with the consolidation round the corner there is more scope for the share price to drift faster than it is now.

All that said, we are very well positioned to ride the storm with no bank debt and we won't be hitting peak production until 2016/2017, we will survive, but it's whether you want to watch a drifting share price while we are in the doldrums with the copper price.

Copper now @ $2.25/lb
YTD Copper -26%
YTD EMED -45%

[wanderer1210_0] 29/9/2015 18:02

Sad to see another LTH drop by the wayside. Best of luck to you C&P and thanks for your worthy input during the years. Cheers

[plasybryn] 29/9/2015 17:42

Any feedback on this morning's presentation please?

[cutandpolished61] 29/9/2015 16:37

done with it. sold out and will not look back.

[reba] 29/9/2015 16:32

Whatever positive news comes out of the meeting. THE share price WILL GO DOWN.
IT'S AN EMED TRAIT
What a bloody mess the whole world is in.

[waterloo01] 29/9/2015 10:46

Will be interesting to get some feedback from the presentation today. Might we get a clue as to the resource update and or the state of play re building concentrate stocks? Have they attained the grade hoped for and are they holding back shipping till they can report the volume or is it driven by the current CU price?

I assume the presentation will use the $1.90 number rather than reflect the current Euro/Dollar rate.

[spcecks] 29/9/2015 10:08

Agree waterloo01.

[mds2028] 29/9/2015 09:20

Spot on waterloo in looking back we have potentially escaped a very difficult situation. However its not as though our share price is responding positively either, but worth the wait on production being profitable.
Unfortunately yet again it means we have to wait yet another 3-4 months before our share price starts to reactive positively.

A long slow wait, its the story of emed.....
This time next year Rodney!

[laurence llewelyn binliner] 29/9/2015 09:16

Yup, we could have been loaded up with a 10-12% loan to service.., which would be crippling on a low margin with copper down at $2.25/lb now..

[cutandpolished61] 29/9/2015 09:12

the recent closure of 2 glencore mines plus one i can't remember will take 500000 tonnes of the market or 2% of annual consumption. i think we need another 500000 tonnes less of supply before we will see a positive effect in the price of copper. imo at the current price too many mines are still running at profit pushing up production, saving cost and improve the grades. i think the price of copper has to go 10-15% lower for 6 month before a supply shortage will have effect.

[waterloo01] 29/9/2015 09:00

Interesting how things turn out. When they did the placing, rather than raise via debt, most (me included) were somewhat annoyed at the level of dilution. Turns out (see Glencore et al) that not having debt on the books might just save our bacon.

[laurence llewelyn binliner] 29/9/2015 07:59

Very interesting story over at Glencore, now loaded up with debt after the Xstrata deal, some miners are really starting to hurt now with low commodity prices, and surviving the storm is all about if they can service their debts on low profits.., we are much better positioned than most with no bank loans to service..

The supply side has to tighten up soon as projects are mothballed or sold off, which in turn will drive prices up, the situation with crude oil / prices is only different in as much as each country within OPEC is fighting for market share and are pumping at near record levels, and we have Iran now selling into the market too..

[pawsche] 28/9/2015 09:40

Jeez... Glencore's getting a pasting again this morning... 87.4p