Emed Mining Share Discussion Threads

[aldermana] 07/10/2015 21:58

He gave the figures for concentrate just before the end. 70% of the 10k tonnes at 25-26% Cu and the rest at 22% Cu and everything else within tolerances.

From speaking to the team after the event, I get the feeling that this is a hidden gem but unfortunately the team don't seem that fussed about trumpeting it to the market. Why is it only under questioning that we find out that the company has over 10k tonnes of concentrate, that it's about to become cash positive, that there are better Cu grades being discovered, that C3 costs could be down to about $1.55 per lb once the ramp up in production is complete??? This should be headline news for the company.

[laurence llewelyn binliner] 07/10/2015 21:45

I'm more relaxed about my investment here having heard that presentation, after all HAA's presentations then quickly followed by missed deadlines, and more jam tomorrow on the next one.

But 10,000 tonnes on stock, @ 22% and based on 5MTPA @ 0.5% & 25000TPA copper in concentrate, I make that 2185 tonnes/week concentrate production.., 312 tonnes/day and we have the equivalent of 4-5 weeks production in a heap.

2200 tonnes of copper is worth $11M, he's got his decimal point in the wrong place hasn't he or have I..? and he meant 1000...?

I was also relived to hear AL comments on dividends

[cufes2] 07/10/2015 21:16

Interesting to see there was significant emphasis on paying dividends . . . I did suggest this would be the case . . . it's effectively a discount mechanism for those with off takes and will boost the balance sheet of Liberty for potential insurance claims . . .

[wanderer1210_0] 07/10/2015 21:05

LLBOver 10,000 tonnes stock piled, with offers for it. What grade of concentrate it is, we do not know but I would think somewhere short of the 22% contained Cu mark, with a possibility of higher penalties.

[cufes2] 07/10/2015 21:05

Around 21:20 . . . over 10,000 tonnes of concentrate on site . . . we have not shipped any because the specifications are not perfect . . .

[laurence llewelyn binliner] 07/10/2015 20:53

wanderer1210, I noted that too, but did AL say 10,000 or 1000 tons of concentrate stockpiled tho ready to go as we fine tune the process some more, it won't be long until we have some coins in the bucket from sales..!

Maybe we are sitting on it until prices firm up some more..?, copper has rallied well this week so far..

[plasybryn] 07/10/2015 20:13

Lots of new info in the Q&A section of the mining capital presentation.

[wanderer1210_0] 07/10/2015 19:28

Cheers fools gold. Please take note LP, NO CONCENTRATE HAS BEEN SOLD OR SHIPPED. You should now explain why on numerous occasions you have said concentrate is being shipped and the mine is making money? You even had the audacity to say one of the photos on the website was a tipper carry concentrate to the smelter. Has many have said myself included that a engineering project like this will and does have teething problems. Someone like you with no engineering background thinks you pull a few levers turn a few taps and put comes the final product. You really are a fraud who is trying to leverage ill informed Pi's to buy so you can sell after your abysmal attempt to average down from 6p

[mds2028] 07/10/2015 18:59

Why three months Lp? The company have been terrible in managing and presenting good information, is this your expectation that they will continue in managing positive opportunities badly?
The achievement of normalisation should be announced as soon as its achieved, and then production updates with each quartly company. Its not hard if you want to do this to positively move the share price forward. C4 have proven themselves todays to be inept at producing an even half decent RNS. Lets hope they can get a grip under the new name

[wanderer1210_0] 07/10/2015 18:46

Can somebody put a http link on please. Struggling with my iPhone, thanks in advance

[lucky punter] 07/10/2015 18:28

I doubt the Share price will respond to intra-day copper prices until they disclose to the market that they are in production in commercial quantities. The company are telling those who ask that they will only disclose the normalisation of production. I suspect that will be three months beyond the initial full tag capacity being achieved. The profit is massively sensitive to the price of Copper but right now nobody knows about it.

[plasybryn] 07/10/2015 17:57

Is it possible to have the Kitco Copper chart in the header as shown on the MARL B.B.?

[mds2028] 07/10/2015 17:56

very interesting Aldermana thank you!

[acamas] 07/10/2015 17:32

and from me also.

AL is very positive. Profit means re-investment into drilling new areas and dividends for shareholders. AL made that point very very clear

[iankn73] 07/10/2015 17:02

Thanks aldermana.

After viewing the presentation I have found renewed optimism.

I do hope we strike gold further down the line with the higher grades and will look forward to dividends as long as the price of copper behaves itself.

[aldermana] 07/10/2015 16:54

Last week's Capital Mining conference:

hxxp://www.miningcapital.com/companies/stocktube/4234/emed-ceo-lavandeira-updates-on-rio-tinto-mine-4234.html

30 minutes long. Brief exploration update at 12:35m but the questions at the end provided lots of info you've probably not heard before (from 20:15m).

[bigbaddaz] 07/10/2015 15:13

Iankn, I'm sure LP could lend you some ;-)

[iankn73] 07/10/2015 14:53

@ waterloo01 - I would love to add further. I just don't have the available funds. -:(

good luck

[waterloo01] 07/10/2015 14:48

The share price must react to the copper price, sooner or later. EGM next week and new ticker et al on the 21st. One assumes with the PR getting into drive along with an update on activities (direct rather than via LP) plus potential news on resources, sales and the mystery 'opportunity'. You'de think traders would be all over this?

If this were in China I could understand it but it's not, it's very real, is already an important employer in Huelva, has no debt, no borrowings (Astor aside) and cash in the bank and by all accounts in store.

I've added in the last few days as it feels (black swan aside) that we should start to see the potential returns and share price reaction.

[iankn73] 07/10/2015 13:48

@ LLB - My thoughts exactly. The markets are rallying, specifically commodity stocks and yet EMED hasn't flinched.

WTF, Completely Bamboozled.

Their PR machine had better earn their fees very very soon as this is getting ridiculous.

@ LP - You make some interesting points, worth reading at times and at others you are so condescending.

[laurence llewelyn binliner] 07/10/2015 13:34

Copper up, my copper mining peer group all +10%, EMED static, go figure..!

[lucky punter] 07/10/2015 11:00

lankn I do not care what you think about me; who are you anyway?. I value you as much as you value me.

[lucky punter] 07/10/2015 10:58

This is getting rather interesting; timing looks perfect:

In the metals, copper recently traded at $5,209 per tonne, up $24 on Tuesday’s close, after the International Copper Study Group (ICSG) revised availability forecasts lower for 2015. The group now expects a surplus of 41,000 tonnes, down from 364,000 tonnes. For 2016 the group forecasts a deficit of 127,000 tonnes, having previously predicted a 228,000-tonne surplus. “These were undertaken after extensive production cuts were announced recently by a number of producers. Demand is also expected to pick up in 2016, with demand growth exceeding supply growth. The appraisal of the ICSG would justify significantly higher copper prices,” Commerzbank said. Copper stocks and cancelled warrants were both a net 4,125 tonnes lower at 308,100 tonnes and 69,650 tonnes respectively. In spreads, the benchmark cash/threes was last at a backwardation of $5, having started the week around $11.

[iankn73] 06/10/2015 22:59

"I would like the share price to stay here for a bit longer" Yes - I would also like for the share price to languish around this range for a little bit longer, so that I can average down, as I like most punters have an endless amount of cash to throw at this stock.

My average is approx 5.75, so a bit to go before I break even unfortunately. I really do feel for the long termers whose average is way off the current share price

I expect to see a significant amount of comms from Atalaya after the share consolidation on 21st Oct. If I don't I will have to consider dumping my holding, as I have held onto this for approx 3 years now and would have been better parking my funds with a peer to peer lender like Funding Circle offering an 8% gross yield annual interest rate, with less stress.

As for LP. The only words that seem to springs to mind are "What a self righteous %@~%"