Emmerson Share Discussion Threads

[highly geared] 29/7/2020 15:43

For all you Chartists , there’s an ascending wedge forming capped at 6p with the lower support uptrend intersecting in about 12 months. If this pattern holds, break out will be June/July 2021 that should align, timing wise with finance , following the mining licence and environmental permits.

[sportbilly1976] 29/7/2020 12:27

I'm happy, in the absence of news to the contrary, to continue to add and build my position at these levels.

ESIA , funding, FS news could easily re-rate the Company valuation significantly and quickly.

Lets see where the share price is at Christmas 2020 and again in 2021....my target with the current shares in issue remains in the 60-100p range when production up and running.

[micky67] 29/7/2020 11:55

Hopefully GC can trim the capex further but he’ll also be looking at the middle section too to get into the extra resource thus increase the project NPV further to over the already expected £1.8 Billion they expect to be at (without the additional middle section). Just need to sit tight for the updated FS and then ESIA submission.

[highly geared] 29/7/2020 11:48

Ignoring the March crash down, the bottom of the rising trend ( resistance line) is currently at 4.05p. In the absence of news , this will probably drift until the line is hit at 4.1-4.2p region. At that point it either provides support and the price moves up or it doesn’t.

My own view is this will be a slow grind between 4-5p over the coming months until key milestones are delivered, the mining licence and environmental permits being key.

[apfindley] 29/7/2020 11:26

Cyber. Fully agree.I refer to others who are re-churning the placing issue, although it has immaterial dilutive impact compared to the security it gives for the next 18 months on a corporate/operational level, whist we wait for the Capex project level funding now with much strengthened negotiating power.

[micky67] 29/7/2020 11:24

I’ve done well so far with my first 3 shares but decided just to put my faith in this board and the team (based on info I found on the team, project and the Moroccan side too which is crucial) and leave it but I do keep looking. I bought some shares of Iconic Labs on Friday with a few hundred quid so a wee gamble on what appears to have had the life sucked out of it recently so might be on the turn shortly. The shares are a fraction of a pence so I’ve got nearly 7 million lol.

[1airbag] 29/7/2020 11:20

I don't say anything to friends or relatives even when I make money. I don't think anyone wants or needs to hear if you've made money, it's simply not something worth discussing. Sad but most people would probably prefer to hear when you've lost money. I don't even tell my wife but she doesn't ask anyway and lets me get on with it.

The only person who needs to know is the accountant...!

Being on here is different because we all remain anonymous and none of us know one another and hopefully we are all here with the same ambition, which is to make money.

[ilostthelot] 29/7/2020 11:14

Looks like they 4p will be tested imho before we see a rebound back up.

[kcaco] 29/7/2020 10:52

Im wary of telling folks anything and certainly not into offering investment advice in shares . I’ve been badly burnt in the past . But I get Mickys vibe though . He wants others to do as well as he hopes to do . I suppose the reference about being new to share dealing Is a worry that we may be getting things wrong . I think by voicing it on here .. some more experienced investors might offer words of encouragement to put us at ease .Anyway
EML lagging behind is not making my portfolio look good . I’m doing ok in other stocks but this is my main holding . I keeping checking the share price every day and hope that it will rise soon .... but at the same time I don’t want to wish time away waiting for good news by September .
I suppose I’m learning g to have Long term faith . I hope we are all correct on this one .

[1airbag] 29/7/2020 10:35

I don't understand what the relevance of being a new investor is. I am now holding 1.25 million of these at an average of 5p and this is a relatively new investment.....!

My involvement here dates back to 2002 ish. I do a small number of these penny stocks for a bit of fun and hope to back a good one occasionally.

[micky67] 29/7/2020 10:29

Cyber, I sent them the RNS and other detailed info to do their own research and their nephew (who does a fair bit of share buying/selling) liked the look of the project. There were advised the licence is a crucial part of project and is the next big step so they have all went for it. The jammy sids just got another lot at 4.449 just now. I’m at 4.90 so I’m down just now.

[on target] 29/7/2020 10:26

Maybe worth pointing out that the total placing was for only 40M shares, of which at least half went to institutional investors according to a recent HL interview.
So a few M shares worth of laggards selling for a tiny profit isn't going to do much.

[cyberbub] 29/7/2020 10:22

Micky I would be careful giving 'tips' to friends and family, personally. If things go wrong (and while EML looks very promising nothing is guaranteed in the stock market) then you may have a nasty falling out. They need to understand the risks and, as always, only invest what they can afford to lose. Just my thoughts of course, from hard experience!

[sportbilly1976] 29/7/2020 10:21

up to 300k at 4.449p / 301-500k at 4.5p

501k at 4.55p
800k at 4.8587p
1mln at 4.9655p

via IG

[cyberbub] 29/7/2020 10:19

Apfindley, that's why I used the word "laggards". I agree that most of the placees will have forward sold / insider-traded their holding already, but in my experience there are always a few left who didn't do that and have only taken delivery of their shares today, and may be tempted by a 3% profit today, or maybe a 5-10% profit over the next week or two. I don't think it will make any difference when we get into September and start the newsflow again.

[micky67] 29/7/2020 09:59

AP, as advised previously I’m a new investor as looks like a few others are too hence the naive questions. Was just curious as I thought the raise transaction was actually done on the date mentioned on the RNS. Therefore, was expecting a lift from this level knowing that the funding is in place to get us through all work-streams to production.
Anyway, just sitting now until we get the debt finance announced after licence approval is gained. I’ve got £25k in here so yes I don’t like to see it at this level as others presumably don’t either.
A friend and her relations bought in yesterday and buying more today so it better move up or I’m a dead man.

[apfindley] 29/7/2020 09:50

Odd topic to revisit. The placing is done. A good number of shares would already have been forward sold anyway.I guess someone in the thread is pretending to be worried and trying to stir up the placing chatter again.Beware of people who claim to be invested, but are here as part of a game with recently created accounts.

[micky67] 29/7/2020 09:49

Hi Cyber, I’d have hoped that the share price will now have floored at the 4.3 raise level so hopefully see a steady rise from now on. 👍

[sportbilly1976] 29/7/2020 09:39

have to say, the chart if looking fugging ugly at the moment

economics and long-term story here though remains the same..hence not sold or selling any at these levels

[sportbilly1976] 29/7/2020 09:37

...if they're lucky now they'll get 0.1-0.15p profit

any that wanedt to sell though (especially existing holders) would have pre-sold around the 4.6-5p level to cover placement take up cost and a bit of profit

[micky67] 29/7/2020 09:34

Noticed it dropped to 4.30 there so maybe the cue for the transaction to have been done via the market.

[cyberbub] 29/7/2020 09:29

No there's never a further RNS just to confirm that the shares have been admitted. They already have the date in the original RNS. That date was today so there may be weakness for the next few days while any laggards from the placing who are happy to make a 2%-5% profit sell out.

[micky67] 29/7/2020 08:40

OK thanks SB. Wasn’t sure if they had to announce the transaction had been completed.

[sportbilly1976] 29/7/2020 08:34

I would be surprised Micky to see a further rns to be honest, all the required info was in the original placing one

[micky67] 29/7/2020 08:04

When are we likely to see the raise confirmation RNS - Today or after hours ?