Emmerson Share Discussion Threads

[wiseacre] 04/12/2011 19:15

The point I was making was that the prior announcement triggered a 25% drop in share price which allowed the vendors (ie Dattels & Mellon) to pick up 25% more shares for their money. Entirely innocent of course.

[plasybryn] 02/12/2011 16:05

wiseacre: Is that fair? Not done anything wrong have they and as long as the deal creates shareholder in time, good luck to them that bring it on.

[wiseacre] 02/12/2011 10:50

As I said on 24 November the announcement on the licence in CAR didn't amount to anything and looks like market manipulation to allow the inter party transaction to be done at a lower price. It stinks.

[skyship] 02/12/2011 09:06

Well, at least they've set the warrants for conversion @ 4.88p - so over time they must anticipate growth.

Also the acquisition does tie in Dattels & Mellon in a far more significant way that hitherto. Haven't done the maths, but I suspect they are now each going to be holding 20%-30% of EML.

[hyper al] 02/12/2011 08:46

even iron producers with money in the bank and about to make a profit struggle getting buyers in this market. Just look at LIM on TSX

[pip_uk] 02/12/2011 08:38

I wonder what the future will be now?.

[wiseacre] 24/11/2011 17:48

The asset in question (in the Central African Republic) doesn't amount to a row of beans and the little local difficulty can probably be ironed out. Of far more significance are Ferrum's other interests in Cameroon and Sierra Leone. Bearing in mind that Dattels and Mellon participated recently in a private placement at 2p the fall in today's share price looks like a buying opportunity not many are interested in buying anything in this market

[timtom2] 24/11/2011 16:55

Anyone can guess what has taken place - some under table stuff or a genuine oversight and beaten to the post. Even if they get the license there is a worrying option for the authorities to increase future tax take to get some of the riches for the population. Have a real problem trusting any African development and soo it needs a big risk premium.

[kristini2] 24/11/2011 16:34

maybe the directors want to buy a load more at lower prices, sorry, just being cynical

it may be a cracking buy though, can't see jim mellon messing up

[plasybryn] 24/11/2011 15:32

SD: could do better springs to mind.

[skyship] 24/11/2011 15:17

There's a bit of a money trail from EML to Ferrum to GMC (Guernsey). The cash used was for new share subs, so may not actually have been spent. Difficult to ascertain. Hopefully the next RNS will elucidate...

[skyship] 24/11/2011 13:15

Depressingly familiar news from companies trading in Africa - or for that matter most countries which weren't shaded pink on old maps!

Seriously, to get this back on track pronto, Stephen Dattels will need to hasten down there with a satchel full of Greenbacks for the Mining Minister.

SD is very well experienced in such matters, so I'm hopeful that he will be able to intervene; and if not, then get our money back from the vendor.

Worrying though...

[timtom2] 24/11/2011 11:07

Ferrum chasing license still, good luck to them.
No license = very little value in Ferrum imho.

[monis] 14/11/2011 08:44

what could be the next news?

[enforcer2] 11/11/2011 17:37

think it's time to add this one imo

[rbf] 11/11/2011 11:46

Some news in the offing maybe?

[skyship] 11/11/2011 11:40

Well, well, well.....a little bit of buying yesterday; followed through today and now no longer on Offer @ 2.0p

[skyship] 28/9/2011 07:27

wiseacre - read the recent RNSs - they did have cash of 2.71p/share; but that was mainly spent acquiring the Ferrum Resources stake. Looks to be a cracking deal; however they are no longer a cash shell.

[wiseacre] 27/9/2011 17:38

Bearing in mind this company has cash worth 2.5p a share its a decent platform and Mellon and Dattels know what they are doing. Look to previous RNS and you will see former CEO of Lonmin, Brad Mills, is also a major investor in Ferrum

[tomboyb] 27/9/2011 15:43

I don't think the wad by the directors is there to be sniffed at. lol

Its a . . . fairly sizeable wad!

[acta_topup] 27/9/2011 15:37

Get ready for the big move forward, EML still under the radar

[tomboyb] 27/9/2011 15:21

Next buy will probably tick up the offer - 2 v 1

[skyship] 27/9/2011 14:54

Agree with you all - excellent news - a strong vote of confidence for the value of Ferrum. The bottom was 2p. 2.5p beckons in the short-term. Thereafter, in these difficult times, advances will surely need to be news related.