Empire Metals Share Discussion Threads

[envirovision] 16/8/2009 22:41

The drop in BG is around 40-50% dont kidaya self, its dire, some of the black sea areas and ski areas are seeing upwards of 60% or more as forced sellers of projects close out to stave of bankrupcy and those mid project are now bankrupt empty shells. For those who purchased private 06/07 its likely they will have to wait many many years before ever seeing their money back and as for those caught off plan, well their money is down the toilet as those developers have all vacated the face of the earth.

[chrisis33] 16/8/2009 22:33

Encouraging to hear qipinha ... last Monday's spike was ramped - but - on the basis of solid news.

Isn't there an AGM or an EGM tomorrow??

[qipincha] 16/8/2009 22:28

seems the property market in BG is better than in UK
Only 5-10% drop in house price there
and sofia is around 2000 euro per m2

[qipincha] 16/8/2009 22:00

Just found more information about Panorama project:

and this:


from these links, the approx value of the project is 20m, with 50% owned by Heitman, eee should get around 10m

[madmick] 16/8/2009 17:42

Just keep your fingers crossed that the property deal that is imminent goes through.
If it fails they will have to use the second loan, to pay off the first, (due end of sept.)

[lbo] 16/8/2009 13:20

Gloom lingers in Central Europe's economies

[theresearcher] 14/8/2009 14:16

looks very like this will be taken private.imho

[qipincha] 12/8/2009 12:34

mms may listen to what are you saying...and then decide next move

[bobsidian] 12/8/2009 12:26

Induna123

Yes. Probably the case.

I wonder if Techtip has moved on after job done yesterday or if VERY QUICK is an alias. Their similar curt manner suggests that this may be so.

[induna123] 12/8/2009 12:14

Bob, it's pretty obvious Very Quick jumped on the bandwagon when the price shot up. Now he's sitting on a loss and desperate to get more people buying again. This ramp will run out of steam soon and the mm's will walk the stock down to take advantage of the suckers and weak holders.

The only reason why people are buying today is because they think it's cheap compared to yesterday when folks were paying 10p a share. Next week 5p will look expensive when the price is 3p.

[bobsidian] 12/8/2009 12:08

VERY QUICK

Are you incapable of offering a valuable positive assessment of EEE.

Could you not perhaps comment on whether or not the developments that have been completed were funded off-plan and that a majority of those monies may already be on hand and may be available for release forming perhaps part of the secured deposits and escrow accounts held in the balance sheet of EEE. If that were so, would the riskiness of those projects not be mitigated ?

Or perhaps you could comment on those assets that you know to be free from security and are possibly available for sale - a sale that would release vital cash to settle debts that are falling due.

Or perhaps you could comment on whether or not it is the intention of the parent company to conduct its own capital raising exercise or asset disposal programme with the intent of routing substantial funds through to EEE to change the nature of its debt profile.

Anything constructive to offer ?

Or is "IN your dreams mate...Your loss mate" the full extent of your commitment to your "investment" ?

[very quick] 12/8/2009 11:30

Induna123: IN your dreams mate, This will be back to 10-12p at the end of the month.
Your loss mate. Thats the third numpty to be filtered.

[induna123] 12/8/2009 11:20

This looks like a classic pump and dump that's run out of steam.

Bobsidian makes a rather compelling argument that this company is build on debt and loans that can come crashing down like a house of cards.

Or would you rather listen to that foul-mouthed numptie Very Quick who rolls out the desperate "wait until the results at end of the month".

This will come crashing back down to 2p by the end of the month.

[felchandbart] 12/8/2009 10:36

To all you bottom pickers (or whatever the term is) I just want to say thanks for the tip off on another bb about eee. Got in late Tuesday and made a few bob yesterday. Couldn't care whether a share is a pump or a dump. If you buy it low and sell it high five minutes later, then what's wrong with that.

So my question, where's the next quick buck to be made. Any tips anyone?

[bobsidian] 12/8/2009 10:12

VERY QUICK

It is true that construction companies rely on significant funding to execute their business activities. That is all good and well when property is going through a boom phase or at least has a stability that can allow for a degree of certainty when forecasting margins of profitability. But when such certainty diminishes or worse it goes into reverse, all manner of problems tend to surface. Funding that was once perceived as secure by its lenders is no longer viewed in the same way.

Eastern europe has had its boom time. It too was fuelled by the ready availability of credit. Now that that has dried up it can take longer to sell developments and that delay in the release of working capital can put construction companies in severe financial difficulty. You then see instances of construction companies offloading entire developments for less than their cost of construction rather than spend time in selling them piecemeal thus more than sacrificing any profit on the development. Are EEE in just such a position ? Their share price performance over the last few months suggest that the stockmarket perceives just such a risk - this dubious short term bounce notwithstanding.

All imho.

[bobsidian] 12/8/2009 09:43

qipincha

Or it could suggest that the main parent company are at the limit of their liquid resources and are either unable or unwilling to extend further liquidity to EEE. That EEE feel the need to clarify the nature of guarantees in place when they were already outlined in their financial statements smacks of an attempt to remove some form of regionally publicised uncertainty.

As far as EEE - the share issuing entity - not being the parent company, it is unusual. To vary from the norm suggests that the actual parent company views the activities of EEE as ancillary to its main activity and as such may seek ways to insulate itself through subsidiaries from any risk that it perceives. That is perhaps suggested by them routing funds through subsidiaries rather than direct to EEE.

All imho.

[qipincha] 12/8/2009 09:30

anyway, we have a strong morning

Time Price Volume Value Buy/Sell Type
09:03 5.48p 17,928 £982 Buy O
09:00 5.25p 56,857 £2,985 Unknown O
08:56 5.18p 19,323 £1,000 Sell O
08:55 5.44p 130,000 £7,072 Buy O
08:55 5.44p 130,000 £7,072 Buy O
08:54 5.18p 19,094 £988 Sell O
08:48 5.40p 10,000 £540 Buy O
08:44 5.40p 2,800 £151 Buy O
08:43 5.25p 9,258 £486 Unknown O
08:43 5.15p 16,666 £858 Sell O
08:40 5.05p 9,905 £500 Sell O
08:39 5.05p 8,000 £404 Sell O
08:38 5.50p 13,984 £769 Unknown O
08:37 5.50p 14,000 £770 Unknown O
08:36 5.50p 7,818 £430 Unknown O
08:32 5.05p 5,000 £252 Sell O
08:29 5.50p 9,090 £500 Unknown O
08:28 5.50p 18,769 £1,032 Unknown O
08:25 6.00p 8,000 £480 Buy O
08:24 5.55p 36,036 £2,000 Buy O
08:22 5.00p 21,644 £1,082 Sell O
08:22 5.00p 10,000 £500 Sell O
08:21 5.00p 100,000 £5,000 Sell O
08:19 5.60p 20,541 £1,150 Buy O
08:18 5.65p 8,629 £488 Buy O
08:18 5.60p 17,546 £983 Buy O
08:17 5.65p 4,016 £227 Buy O
08:16 5.65p 10,358 £585 Buy O
08:10 5.70p 17,220 £982 Buy O
08:08 5.72p 20,000 £1,143 Buy O
08:07 5.15p 3,000 £154 Sell O
08:05 5.38p 18,383 £988 Sell O
08:05 5.38p 10,000 £538 Buy O
08:04 5.50p 19,704 £1,084 Buy O
08:03 5.50p 4,000 £220 Buy O
08:03 5.38p 18,604 £1,000 Buy O
08:03 5.00p 14,778 £739 Sell O
08:03 5.38p 686 £37 Buy O
08:02 5.25p 10,000 £525 Unknown O
08:02 5.38p 19,000 £1,021 Buy O
08:02 5.25p 10,000 £525 Buy O
08:02 5.38p 60,000 £3,225 Buy O
08:00 5.25p 2,857 £150 Buy O
08:00 5.25p 4,492 £236 Buy O
08:00 4.55p 10,000 £455 Sell O

[thearcticfox] 12/8/2009 09:28

Bobsidian is one of the few people on this thread who know what he's talking about. This is a likely pump and dump.

[qipincha] 12/8/2009 09:27

To Bob,

I don't think it is a bad thing to have a parent company like Engel.
At least, they secure part of the loan.

Please check the definition of bank guarantee
which means if eee can not pay back money on time, parent company has to cover the debt.
I don't think it is a bad thing.

Regarding the holding company is not eee itself, what's the problem with that?

[very quick] 12/8/2009 09:14

The value of Vitosha & Panorama is 15.4 million euro's alone, not to mention the other stuff.

Construction co's have big loans. LOL

bobsidian: get a grip

Read my posts 279/280/281/282

LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL

[bottompicker] 12/8/2009 09:07

the MM's arent giving a fair spread on this. Price goes through the roof, so they widen the spread, walk it down. When those same MMs can trade within the spreads, its no wonder they make vast amounts of money, they can just buy at 4.50p and sell at 6p which a normal person can only buy at 6p and sell at 4.50p.

How is that being masters of the universe?