Emmerson Share Discussion Threads

[tomboyb] 27/9/2011 13:58

It looks like management have voted with their wallets here and quite big chunks as well. 400K and 340k respectivly for mellon and dattals.

[extrader] 27/9/2011 13:51

Hi richgar,

Re your tax query of 21st, suggest you read

-Gengulphus's 4149 of 30.5.2010 on the CGT board; and
- zangdook's 2928 of 29.5.2010 on the (old) URU board, together with the related link to a URU RNS.

The long and short of it appears to be that certain offshore co's qualify for a tax credit even if none has been deducted....

URU is another BVI-incorporated Dattels vehicle, so the read-across seems valid.

As ever, NAI, DYOR, I'm not a tax expert etc

HTH

[tomboyb] 27/9/2011 13:50

5 v 1 only 250k left on offer MAX - at 2.19p

[tomboyb] 27/9/2011 13:40

James Mellon has just put in 400k of his dosh at 2p - dattals 340k at 2p per share - ---- -

[richgar] 21/9/2011 17:29

Working on my 2010/11 tax return today and, looking through my tax certificates, was reminded of the EML divi paid in May 2010. My tax cert says it was paid with no tax deducted, so am I right in thinking I'm going to be charged tax on it when I declare it in my return? I don't suppose the fact that the country of incorporation is the British Virgin Islands helps me here.

This puts today's POLO divi into perspective too: we get the 2p divi but the stock price falls by 2p - yet we have to pay tax on the 2p divi (even if held in an ISA), so effectively we're out of pocket by 20% of the amount of our divi payment.

Am I right here, or can someone enlighten a man without an accountant?

[skyship] 21/9/2011 11:18

Certainly in the short-term Vosene and a few others have correctly called POL over EML. In the medium term I expect the position to be reversed.

[skyship] 21/9/2011 11:17

A bit of activity today. The two 400ks could have been a put-through, but usually that would be done less than a minute apart; so could well have been two purchases.

Perhaps an indication that the placing price will be at a premium to the current share price ..; certainly no lower than 2p.

[timtom2] 16/9/2011 14:45

What dilution?
Not unexpected - especially when a previous RNS mentioned high Net Worth individuals joining. Good to tap them for cash but at the cost of more shares issued.

[rbf] 15/9/2011 18:21

Things may be moving but disappointed by the lack of detail on the private placement.....what is the subscription price?

[pip_uk] 15/9/2011 15:07

Update positive for the private placement including certain directors.
At least things are moving.

[kinloch] 07/9/2011 20:55

Someone is interested blocks of 50000 being bought on a regular basis.

[shavian] 01/9/2011 07:21

Dattels clearly hedging his bets on funding Ferrum

[kristini2] 20/8/2011 17:56

I think that the cash held at last year end has been invested in a private mining business.

I aim to buy more stock should the price fall with the general market

[schweinswal] 19/8/2011 16:10

Can someone help me please?
Searching for Marketcap-Cash Ratio

[monis] 18/8/2011 08:31

We look even more undervalued now with results out imo.

[timtom2] 08/8/2011 17:44

Another 2 days for falls imho - then some relief - but volatility is with us for a while. Just mho.

[red ninja] 08/8/2011 16:23

Mmm there seems a lot of belief the markets have got further to drop at the moment cash is king ....

[orado] 08/8/2011 11:58

How much cash do they hold?

[shavian] 08/8/2011 11:44

My small purchase last week looking a bit short-sighted, so may average down if it goes much below 2p. Trouble is, so many bargains about, especially among the junior goldies.

[skyship] 01/8/2011 11:43

Hi Vosene. From my perspective you pretty much answered your own question. EML is a lower capitalised, pure play on a single project. Obviously more speculative, but equally obviously more potential upside.

I deal with the risk simply through allocation. I hold just two speculative resource companies - EMED & EML. I allocate just 4% of my SIPP to each. In both cases I've made substantial returns from trading; and hope to do so again.

As to timing, others here suspect a longer time-frame for EML this time around. That may well be so; but this is still a pretty unknown company; and as with Shavian above, I don't want to be a hostage of either events or press discovery. So, as always, I buy in advance of what I hope to be significant future upside.

[shavian] 01/8/2011 07:51

The key to the IO licences in Cameroon is extraction infrastructure. At least two of these licences are well placed to benefit from the growing liklihood of a southern rail corridor from Sundance's Mbalam project, which will hopefully encompass AFF's Nkout prospect. I'm buying a few today so as not to be wrong-footed by a favourable announcement from Sundance. we could do with a map of the licences.

[timtom2] 31/7/2011 21:24

Would agree with RN. Environment has changed for a while and this is a longer term play now. Will probably be a handsome return but not a quicky imho.

[red ninja] 31/7/2011 20:19

Skyship,

Many of us were in for the Kalahari payout, and hoping for a Ferrum payout in time.

Just can't see this going to the moon again in current environment without news...