Empire Metals Share Discussion Threads

[qipincha] 21/9/2009 21:33

and if you draw a line linked all bottom together, you will see the trend

[qipincha] 21/9/2009 21:32

Hi showmethehoney ,
totally agree with u.
tomorrow can be a tough day if mm really want more share to fill in his book

[madmick] 21/9/2009 17:42

The way I see it the parent Co. has guaranteed the loans, but EEE have pledged property projects as security.
If they default ( and they have 6 working days to first repayment ) the parent Co. will take the pledged property, or parts of it.

see below taken from RNS

" Engel has agreed to grant a pledge in favour of Engel Resources over the
Company's Marina Dorcol project in Serbia and the Wilanow commercial project in
Poland as security under the terms of the Agreements. "

[showmethehoney] 21/9/2009 17:00

The way i understand it from RNS is PARENT Co. will garentee debt!!
Parent Co has just loaned 2.5m to eee!
No stock left last wk so today finally mm's got some sellers, i think about 800-900k sells so still more buying than selling! Cant comment about PLUS market!
MM's usual trick to force ppl to sell or scare them!
It may well retrace more if ppl bottle it but wtfdik
Yes i am holding.
Any thoughts/opinions on my view?

[qipincha] 21/9/2009 14:15

I will leave it for a couple of day
as it will retrace more
if not today, will be tomorrow

[madmick] 21/9/2009 14:09

6 working days left for first 1.25m payment, Do they have it? doubt it.

The first loan Engel received from the bank in an amount of approximately EUR2.5 million is due to be repaid in two equal installments of EUR1.25 million on or before 30 September 2009 and 31 December 2009.

Ps. I sold out with 110% profit. who will be left holding the baby.

[roomb] 21/9/2009 14:09

Good point about sale of Panorama Induna. Envirovision-I thought the "brother company" owned the vast majority of the shares so why would they want them to lose value?

[qipincha] 21/9/2009 13:50

run out of energy
will retrace more,imo

[envirovision] 21/9/2009 13:31

hi addict, no i dont have an interest, i got out with 240% profit on a momentum punt, it was a pure gamble with a small sum i never minded losing as i was quite prepared to be tied into the illiquid share no being able to exit. (as many here will indeed likely end up doing) I was just commenting as im amazed to see people piling into an illiquid highly geared play. No ones disputing when the market turns in some of these old eastern block areas theres a lot of upside since the few transactions there have been have often been at eye watering discounts of 50-60% etc, however when i invest in these areas, its only in the companies with a certainty of surving the worst of it.

[ihavenoclue] 21/9/2009 13:17

Phew sold mine 30 mins ago ... topped up at OTE

[plops] 21/9/2009 13:00

lol

think someone wants a little top-up ;-)

[madmick] 21/9/2009 11:29

addict don't lol he is right

[flyingswan] 21/9/2009 11:09

Thanks for letting me know about EEE on the IPI BB. I am also doing well on CHWI in the same sector

[addict] 21/9/2009 10:59

LOL-envirovision-what's your interest???

[envirovision] 21/9/2009 10:56

yes thats all very well, but deduct total debt liabilities and your left with nothing other than large interest payments and stash of projects you cant sell very easily, which is a bit of a problem as if everythings still tough to shift above cost in a few years time, then its the end of the road.

[qipincha] 21/9/2009 10:49

the whole market is down today
not so good as FTSE is too high

[qipincha] 21/9/2009 10:48

just be patient, u will have chance to top up, imo

[induna123] 21/9/2009 10:31

Kicking myself that I didn't put more in here. I stuck a load in GCM on Friday instead.

[induna123] 21/9/2009 10:29

Momentum qip. It's near the top of the leaderboard so it will have showed up on a lot of people's radars.

[qipincha] 21/9/2009 10:24

surprise it still rising, after a sharp rise last friday and this morning...

[induna123] 21/9/2009 10:23

There must be somthing in the wind about Panorama, too much buying to be anything else.

[induna123] 21/9/2009 10:07

What about the RNS from 10 July 2009

Engel East Europe N.V.


Discussions re sale of project


Engel East Europe N.V. ('Engel East Europe' or 'the Company'), the AIM-listed
Central and Eastern European ('CEE') property developer (EEE:L), is pleased to
announce that it is at an advanced stage of negotiation to sell the Panorama
project in Bulgaria.

Wouldn't this net them £10 million? More than the current market cap.

[envirovision] 21/9/2009 09:55

amazing isn't it, people piling into an illiquid property share kamakazi style, geared to the hilt whos loans could and probably will be called into question resulting in its brother company gobbling up all shareholder value, when they could be investing in an ungeared company like dupd who have 50p per share sitting in dollar accounts earning interest and a property portfolio with a discount to nav of 90%.

[qipincha] 21/9/2009 09:51

will it retrace???